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Registration number: 01331372

AAB Construction Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

AAB Construction Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 5

AAB Construction Ltd

(Registration number: 01331372)
Statement of Financial Position as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 963 | 963
Current assets |  |  |
Stocks | 5 | 20,003 | 112,753
Debtors | 6 | 638,229 | 636,038
Cash at bank and in hand |  | 1,728 | 212
|  | 659,960 | 749,003
Creditors: Amounts falling due within one year | 7 | (218,869) | (198,855)
Net current assets |  | 441,091 | 550,148
Net assets |  | 442,054 | 551,111
Capital and reserves |  |  |
Called up share capital |  | 350 | 350
Profit and loss account |  | 441,704 | 550,761
Shareholders' funds |  | 442,054 | 551,111

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 20 October 2025

Mr D Beer Company secretary and director

AAB Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Old School
Torrington Street
Bideford
Devon
EX39 4DR

Principal activity

The principal activity of the company is that of the ownership of freehold land for investment, dealing and development.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

AAB Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

AAB Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2 | Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4 | Investments

| 2025 £ | 2024 £
Fixed asset group loan | 963 | 963

AAB Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

4 | Investments (continued)

Fixed asset group loan

| £
Cost or valuation
At 1 February 2024 | 963

5 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 20,003 | 112,753

6 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by related parties |  | 638,229 | 636,038
|  | 638,229 | 636,038

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 302 | 303
Accruals and deferred income | 1,920 | 2,760
Other creditors | 216,647 | 195,792
| 218,869 | 198,855

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.