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Company registration number: 06636207
AMP Construction & Groundworks Limited
Unaudited filleted financial statements
31 March 2025
AMP Construction & Groundworks Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
AMP Construction & Groundworks Limited
Directors and other information
Directors Mr G Parry (Resigned 1 April 2025)
Mr A Parry
Company number 06636207
Registered office Mona Industrial Park
Gwalchmai
Anglesey
LL65 4RJ
Business address Mona Industrial Park
Gwalchmai
Anglesey
LL65 4RJ
Accountants Parker, O'Regan, Tann & Co
Bangor Business Centre
2 Farrar Road
Bangor
Gwynedd
LL57 1LJ
AMP Construction & Groundworks Limited
Chartered Certified accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of AMP Construction & Groundworks Limited
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AMP Construction & Groundworks Limited for the year ended 31 March 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com.
This report is made solely to the board of directors of AMP Construction & Groundworks Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of AMP Construction & Groundworks Limited and state those matters that we have agreed to state to the board of directors of AMP Construction & Groundworks Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AMP Construction & Groundworks Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that AMP Construction & Groundworks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AMP Construction & Groundworks Limited. You consider that AMP Construction & Groundworks Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of AMP Construction & Groundworks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Parker, O'Regan, Tann & Co
Chartered Certified Accountants
Bangor Business Centre
2 Farrar Road
Bangor
Gwynedd
LL57 1LJ
9 June 2025
AMP Construction & Groundworks Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 850,256 695,141
_______ _______
850,256 695,141
Current assets
Stocks 1,503,864 1,004,866
Debtors 6 184,785 106,209
Cash at bank and in hand 973,166 717,422
_______ _______
2,661,815 1,828,497
Creditors: amounts falling due
within one year 7 ( 1,233,591) ( 353,778)
_______ _______
Net current assets 1,428,224 1,474,719
_______ _______
Total assets less current liabilities 2,278,480 2,169,860
Creditors: amounts falling due
after more than one year 8 ( 204,412) ( 186,806)
Provisions for liabilities ( 118,005) ( 97,177)
_______ _______
Net assets 1,956,063 1,885,877
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,956,061 1,885,875
_______ _______
Shareholders funds 1,956,063 1,885,877
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 June 2025 , and are signed on behalf of the board by:
Mr A Parry
Director
Company registration number: 06636207
AMP Construction & Groundworks Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Mona Industrial Park, Gwalchmai, Anglesey, LL65 4RJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the provision of civil engineering, general construction and sale of residential housing and land excluding value added tax and is net of trade discounts.Turnover from civil engineering and general construction is recognised based on the company's estimated valuation of work completed less provisions for additional work required in the retention period. Turnover from the sale of residential housing and land are recognised on legal completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - Nil
Plant and machinery - 12.5 % straight line
Fittings fixtures and equipment - 12.5 % straight line
Motor vehicles - 25 % straight line
No depreciation has been provided for on the land and property. An assessment of the net realisable value of the property at historic cost has been undertaken. On the basis that the property will be well maintained and such repair cost will be charged to the income statement, it is the view of the directors that the net realisable value equates to cost. On the basis of the above, no charge is necessary as it would be immaterial.If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and realisable value. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.Work in progress is made up of directly attributable costs such as materials, labour and sub-contract work.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).
5. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 April 2024 202,080 804,909 11,662 217,672 1,236,323
Additions - 217,435 - 280,353 497,788
Disposals - ( 156,850) - ( 189,629) ( 346,479)
_______ _______ _______ _______ _______
At 31 March 2025 202,080 865,494 11,662 308,396 1,387,632
_______ _______ _______ _______ _______
Depreciation
At 1 April 2024 - 415,042 9,677 116,463 541,182
Charge for the year - 95,522 547 71,230 167,299
Disposals - ( 130,885) - ( 40,220) ( 171,105)
_______ _______ _______ _______ _______
At 31 March 2025 - 379,679 10,224 147,473 537,376
_______ _______ _______ _______ _______
Carrying amount
At 31 March 2025 202,080 485,815 1,438 160,923 850,256
_______ _______ _______ _______ _______
At 31 March 2024 202,080 389,867 1,985 101,209 695,141
_______ _______ _______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 142,869 90,250
Other debtors 41,916 15,959
_______ _______
184,785 106,209
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 707,190 73,537
Trade creditors 364,093 115,140
Corporation tax 34,811 22,320
Social security and other taxes 23,302 8,567
Other creditors 104,195 134,214
_______ _______
1,233,591 353,778
_______ _______
Bank loans and overdrafts are secured on the freehold property. Other loans are secured over the company's assets.Included in other creditors are amounts owed under hire purchase and finance lease contracts secured on the assets concerned. The amount owed under one year on hire purchase and finance lease contracts as at 31 March 2025 amounted to £66,333 (2024 - £70,585).
8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts - 43,547
Other creditors 204,412 143,259
_______ _______
204,412 186,806
_______ _______
Bank loans and overdrafts are secured on the freehold property. Other loans are secured over the company's assets.Included in other creditors are amounts owed under hire purchase and finance lease contracts secured on the assets concerned. The amount owed after one year on hire purchase and finance lease contracts amounted to £204,412 as at 31 March 2025 (2024 - £143,259).