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REGISTERED NUMBER: 06219675 (England and Wales)












ATCOST CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






ATCOST CONSTRUCTION LIMITED (REGISTERED NUMBER: 06219675)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


ATCOST CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: S F Howell





REGISTERED OFFICE: Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ





REGISTERED NUMBER: 06219675 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

ATCOST CONSTRUCTION LIMITED (REGISTERED NUMBER: 06219675)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,686 3,609
Investment property 5 1,358,400 1,358,400
1,361,086 1,362,009

CURRENT ASSETS
Debtors 24,611 24,403
Cash at bank 665 -
25,276 24,403
CREDITORS
Amounts falling due within one year 1,280,331 1,279,194
NET CURRENT LIABILITIES (1,255,055 ) (1,254,791 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,031

107,218

CREDITORS
Amounts falling due after more than one year 6 96,354 99,179
NET ASSETS 9,677 8,039

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 8 26,820 26,820
Retained earnings (17,153 ) (18,791 )
SHAREHOLDERS' FUNDS 9,677 8,039

ATCOST CONSTRUCTION LIMITED (REGISTERED NUMBER: 06219675)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2025 and were signed by:





S F Howell - Director


ATCOST CONSTRUCTION LIMITED (REGISTERED NUMBER: 06219675)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Atcost Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents all income derived from the investment properties held by the company. Turnover is recognised on an accruals basis and is shown excluding value added tax.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 20% on cost

Investment property
Investment property is shown at fair value at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement, before a reserve transfer is made to move it to the fair value reserve, which is undistributable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ATCOST CONSTRUCTION LIMITED (REGISTERED NUMBER: 06219675)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 October 2023
and 30 September 2024 20,501
DEPRECIATION
At 1 October 2023 16,892
Charge for year 923
At 30 September 2024 17,815
NET BOOK VALUE
At 30 September 2024 2,686
At 30 September 2023 3,609

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,358,400
NET BOOK VALUE
At 30 September 2024 1,358,400
At 30 September 2023 1,358,400

Investment properties were valued on an open market basis on 30 September 2024 by the director.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 84,599 86,974

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 99,293 102,230

The bank loans are secured by fixed charges over a selection of the company's investment properties.

8. RESERVES
Fair
value
reserve
£   
At 1 October 2023
and 30 September 2024 26,820

ATCOST CONSTRUCTION LIMITED (REGISTERED NUMBER: 06219675)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
S F Howell
Balance outstanding at start of year 19,784 17,902
Amounts advanced 27,807 22,852
Amounts repaid (27,599 ) (20,970 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,992 19,784

The loan to the director was unsecured, interest free and had no repayment terms.