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Registered number: 08863215
Ald Contracts Ltd
Unaudited Financial Statements
For the Period 31 December 2023 to 31 January 2025
RD Accountants Limited
Challenge House
57-59 Queens Road
Buckhurst Hill
Essex
IG9 5BU
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 08863215
31 January 2025 30 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,997 57,415
44,997 57,415
CURRENT ASSETS
Debtors 5 47,402 46,795
Cash at bank and in hand 90,345 9,738
137,747 56,533
Creditors: Amounts Falling Due Within One Year 6 (182,680 ) (113,518 )
NET CURRENT ASSETS (LIABILITIES) (44,933 ) (56,985 )
TOTAL ASSETS LESS CURRENT LIABILITIES 64 430
NET ASSETS 64 430
CAPITAL AND RESERVES
Called up share capital 7 2 2
Income Statement 62 428
SHAREHOLDERS' FUNDS 64 430
For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Adrian Demianciuc
Director
25/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ald Contracts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08863215 . The registered office is 37 Park View, Chigwell, England, IG7 5EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% reducing balance
Motor Vehicles 18% reducing balance
Fixtures & Fittings 18% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:2 2 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 31 December 2023 81,887 54,138 149 136,174
Additions 1,133 - 1,550 2,683
As at 31 January 2025 83,020 54,138 1,699 138,857
Depreciation
As at 31 December 2023 71,673 7,019 67 78,759
Provided during the period 2,022 13,041 38 15,101
As at 31 January 2025 73,695 20,060 105 93,860
Net Book Value
As at 31 January 2025 9,325 34,078 1,594 44,997
As at 31 December 2023 10,214 47,119 82 57,415
5. Debtors
31 January 2025 30 December 2023
£ £
Due within one year
Other debtors 41,000 41,000
VAT 6,402 5,795
47,402 46,795
6. Creditors: Amounts Falling Due Within One Year
31 January 2025 30 December 2023
£ £
Trade creditors 8,776 33,018
Corporation tax 13,232 7,078
Other taxes and social security 10,621 4,240
Other creditors 60,708 5,277
Accruals and deferred income - 400
Director's loan account 89,343 63,505
182,680 113,518
7. Share Capital
31 January 2025 30 December 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3