Statutory Information
ANDREW MORIARTY CONSTRUCTION LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 10424999, registration address Sterling House, 31/32 High Street, Wellingborough, NN8 4HL, England.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:| Motor Vehicles | 25% Reducing Balance |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
|
| 2. |
Tangible fixed assets
| Cost or Valuation |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
|
£ |
|
£ |
|
£ |
| At 01 November 2023 |
|
58,300 |
|
- |
|
58,300 |
| Additions |
|
41,013 |
|
999 |
|
42,012 |
| Disposals |
|
(26,800) |
|
- |
|
(26,800) |
| At 31 October 2024 |
|
72,513 |
|
999 |
|
73,512 |
| Depreciation |
| At 01 November 2023 |
|
38,734 |
|
- |
|
38,734 |
| Charge for year |
|
4,481 |
|
330 |
|
4,811 |
| On disposals |
|
(18,321) |
|
- |
|
(18,321) |
| At 31 October 2024 |
|
24,894 |
|
330 |
|
25,224 |
| Net book values |
| Closing balance as at 31 October 2024 |
|
47,619 |
|
669 |
|
48,288 |
| Opening balance as at 01 November 2023 |
|
19,566 |
|
- |
|
19,566 |
|
| 3. |
Inventories
|
2024
£ |
|
2023
£ |
| Work in progress |
7,500 |
|
20,433 |
|
7,500 |
|
20,433 |
|
| 4. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| Trade debtors |
32,589 |
|
182,086 |
| Other debtors |
180,000 |
|
175,000 |
| Prepayments |
4,461 |
|
3,668 |
| VAT |
4,318 |
|
4,921 |
|
221,368 |
|
365,675 |
|
| 5. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Trade creditors |
8,226 |
|
74,556 |
| Accrued expenses |
2,025 |
|
5,791 |
| Other creditors |
647 |
|
0 |
| Business credit card |
5,195 |
|
22,528 |
| Bank loans & overdrafts |
10,000 |
|
10,000 |
| Other loans |
5,000 |
|
80,000 |
| Directors' current account |
7,664 |
|
63,000 |
| Corporation tax |
23,163 |
|
56,944 |
| Social security & other tax |
4,170 |
|
4,494 |
| Hire purchase gross less than one year |
6,329 |
|
0 |
|
72,419 |
|
317,313 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2024
£ |
|
2023
£ |
| Bounce back loan |
5,834 |
|
15,833 |
| Hire purchase gross - 1 to 5 years |
22,717 |
|
0 |
|
28,551 |
|
15,833 |
|
| 7. |
Share Capital
Allotted
|
2024
£ |
|
2023
£ |
|
4
Ordinary shares of £1.00 each |
4 |
|
4 |
|
1
A Ordinary shares of £1.00 each |
1 |
|
1 |
|
1
B Ordinary shares of £1.00 each |
1 |
|
1 |
|
6 |
|
6 |
|
| 8. |
Average number of employees
Average number of employees during the year were 2 (2023: 2).
|
4
|