REGISTERED NUMBER: 06252917 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Aptus Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Price

SECRETARY:

C Price

REGISTERED OFFICE:

Unit 8 Cobblestone Court

Hoults Yard

Walker Road

Newcastle-upon-Tyne

NE6 1AB

REGISTERED NUMBER:

06252917 (England and Wales)

ACCOUNTANTS:

CM Sewell & Company

53 Welby Drive

Ushaw Moor

Durham

Co. Durham

DH7 7GA

FIXED ASSETS

Tangible assets

4

58,092

72,251

CURRENT ASSETS

Stocks

88,919

257,849

Debtors

5

1,977,591

557,870

Cash at bank and in hand

789,124

2,070,425

2,855,634

2,886,144

CREDITORS

Amounts falling due within one year

6

2,035,547

1,607,902

NET CURRENT ASSETS

820,087

1,278,242

TOTAL ASSETS LESS CURRENT LIABILITIES

878,179

1,350,493

CREDITORS

Amounts falling due after more than one year

7

(90,831

)

(225,126

)

PROVISIONS FOR LIABILITIES

(14,277

)

(18,062

)

NET ASSETS

773,071

1,107,305

CAPITAL AND RESERVES

Called up share capital

33

50

Capital redemption reserve

66

49

Retained earnings

772,972

1,107,206

SHAREHOLDERS' FUNDS

773,071

1,107,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 28 February 2025 and were signed by:

C Price - Director

1.	STATUTORY INFORMATION

Aptus 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Amounts recoverable on contracts are included in turnover and debtors and represent applications for work done and recoverable retentions which have not yet been invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

183,915

Additions

5,197

Disposals

(843

)

At 31 December 2024

188,269

DEPRECIATION

At 1 January 2024

111,664

Charge for year

19,051

Eliminated on disposal

(538

)

At 31 December 2024

130,177

NET BOOK VALUE

At 31 December 2024

58,092

At 31 December 2023

72,251

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

121,031

Transfer to ownership

(67,611

)

At 31 December 2024

53,420

DEPRECIATION

At 1 January 2024

68,112

Charge for year

7,623

Transfer to ownership

(45,177

)

At 31 December 2024

30,558

NET BOOK VALUE

At 31 December 2024

22,862

At 31 December 2023

52,919

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

448,945

261,261

Amounts owed by group undertakings

695

-

Amounts recoverable on contract

1,446,509

210,939

Other debtors

81,442

85,670

1,977,591

557,870

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

121,000

121,000

Hire purchase contracts

13,295

16,952

Trade creditors

660,983

630,461

Taxation and social security

662,978

730,311

Other creditors

577,291

109,178

2,035,547

1,607,902

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

89,667

210,667

Hire purchase contracts

1,164

14,459

90,831

225,126

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

14,459

31,411