Registered number
04607167
A & K Building Services Ltd
Filleted Accounts
30 November 2024
A & K Building Services Ltd
Registered number: 04607167
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,528,529 971,595
Current assets
Stocks 54,000 49,000
Sundry Debtors 4 365,635 523,871
Cash at Bank 392,478 534,136
812,113 1,107,007
Creditors: amounts falling due within one year 5 (356,041) (317,697)
Net current assets 456,072 789,310
Total assets less current liabilities 1,984,601 1,760,905
Creditors: amounts falling due after more than one year 6 (405,758) (437,473)
Net assets 1,578,843 1,323,432
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 75,500 75,500
Profit and loss account 1,503,243 1,247,832
Shareholder's funds 1,578,843 1,323,432
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Pagett
Director
Approved by the board on 20 August 2025
A & K Building Services Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 782,996 38,756 335,831 1,157,583
Additions 504,153 21,385 111,261 636,799
At 30 November 2024 1,287,149 60,141 447,092 1,794,382
Depreciation
At 1 December 2023 - 9,134 177,854 186,988
Charge for the year 4,785 9,304 64,776 78,865
At 30 November 2024 4,785 18,438 242,630 265,853
Net book value
At 30 November 2024 1,282,364 41,703 204,462 1,528,529
At 30 November 2023 782,996 22,322 166,277 971,595
4 Debtors 2024 2023
£ £
Trade debtors 363,433 267,169
Other debtors 2,202 256,702
365,635 523,871
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 6,313 11,812
Trade creditors 175,536 122,280
Taxation and social security costs 161,686 161,640
Other creditors 12,506 21,965
356,041 317,697
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 405,758 431,204
Obligations under finance lease and hire purchase contracts - 6,269
405,758 437,473
7 Revaluation reserve 2024 2023
£ £
At 1 December 2023 75,500 75,500
At 30 November 2024 75,500 75,500
8 Other information
A & K Building Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o B Olsberg
Room 9 Enterprise House
3 Middleton Rd
Manchester
M8 5DT
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