Company Registration No. 11780988 (England and Wales)
Adam & Hayley Contractors Ltd
Unaudited accounts
for the year ended 31 January 2025
Adam & Hayley Contractors Ltd
Unaudited accounts
Contents
Adam & Hayley Contractors Ltd
Company Information
for the year ended 31 January 2025
Directors
Adam Buggs
Hayley Melrose
Company Number
11780988 (England and Wales)
Registered Office
8 Ash Crescent
Hersden
Canterbury
CT3 4HU
United Kingdom
Accountants
Austin, Taylor Limited
16 Dover Street
Canterbury
Kent
CT1 3HD
Adam & Hayley Contractors Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
22,473
45,178
Cash at bank and in hand
389,637
386,699
Creditors: amounts falling due within one year
(229,529)
(234,109)
Net current assets
1,359,337
817,835
Total assets less current liabilities
1,381,810
863,013
Creditors: amounts falling due after more than one year
(3,519)
(12,091)
Provisions for liabilities
Deferred tax
(5,592)
(11,295)
Net assets
1,372,699
839,627
Called up share capital
2
2
Profit and loss account
1,372,697
839,625
Shareholders' funds
1,372,699
839,627
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by
Hayley Melrose
Director
Company Registration No. 11780988
Adam & Hayley Contractors Ltd
Notes to the Accounts
for the year ended 31 January 2025
Adam & Hayley Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 11780988. The registered office is 8 Ash Crescent, Hersden, Canterbury, CT3 4HU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% On Cost
Motor vehicles
25% On Cost
Fixtures & fittings
25% On Cost
Computer equipment
25% On Cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Adam & Hayley Contractors Ltd
Notes to the Accounts
for the year ended 31 January 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
103,981
37,805
1,744
2,308
145,838
At 31 January 2025
103,981
37,805
1,744
2,308
145,838
At 1 February 2024
66,396
31,227
1,605
1,432
100,660
Charge for the year
15,527
6,578
139
461
22,705
At 31 January 2025
81,923
37,805
1,744
1,893
123,365
At 31 January 2025
22,058
-
-
415
22,473
At 31 January 2024
37,585
6,578
139
876
45,178
Amounts falling due within one year
Accrued income and prepayments
-
1,645
Other debtors
1,179,153
622,469
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,572
8,572
Obligations under finance leases and hire purchase contracts
-
6,776
Trade creditors
3,838
6,298
Taxes and social security
214,912
212,254
Loans from directors
2,207
209
Adam & Hayley Contractors Ltd
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due after more than one year
2025
2024
8
Transactions with related parties
At the year end Melrose Contractors Ltd owed the company £870,983 (2024: £467,542). The balance is repayable on demand and interest free. The directors have a material interest in Melrose Contractors Ltd.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).