All Seasons Contracting Co. Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02676219

All Seasons Contracting Co. Limited

Filleted Unaudited Financial Statements

31 March 2025

All Seasons Contracting Co. Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		208,882	279,905

Current assets

Debtors	7	1,372,337	1,491,074
Investments	8	60,972	67,442
Cash at bank and in hand		13,695	26,160
		------------	------------
		1,447,004	1,584,676

Creditors: amounts falling due within one year	9	873,307		900,522
		------------		------------
Net current assets			573,697	684,154
			---------	---------
Total assets less current liabilities			782,579	964,059

Creditors: amounts falling due after more than one year	10		59,756	200,108

Provisions

Taxation including deferred tax	40,000	40,000
	---------	---------
Net assets	682,823	723,951
	---------	---------

Capital and reserves

Called up share capital	35,320	35,320
Capital redemption reserve	25,680	25,680
Profit and loss account	621,823	662,951
	---------	---------
Shareholders funds	682,823	723,951
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

All Seasons Contracting Co. Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

Mr S Taylor

Director

Company registration number: 02676219

All Seasons Contracting Co. Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 12, Building 53 Third Avenue, Pensnett Trading Estate, Kingswinford, DY6 7XG, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.When it is probable that total contract costs will exceed total contract revenue, the expected loss is expensed immediately, with a corresponding provision for an onerous contract being recognised. Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Where the value of work done recognised in the accounts exceeds the amounts received at the year end, the balance is disclosed in debtors as amounts recoverable on contracts. Where the amounts received are in excess of the value of work done recognised in the accounts, the balance is disclosed in creditors as payments received on account.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents the value of work done net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Straight line basis over 6 years.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	Over life of lease
Plant & Machinery	-	5 years
Fixtures & Fittings	-	3 years
Motor Vehicles	-	4 years

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Current asset investments

Current asset investments are shown at market value.

4. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	5	7
Administrative staff	7	7
	----	----
	12	14
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	581,073	759,276
Social security costs	70,380	82,381
Other pension costs	11,140	13,775
	---------	---------
	662,593	855,432
	---------	---------

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	53,000
	--------
Amortisation
At 1 April 2024 and 31 March 2025	53,000
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	19,758	415,534	45,531	232,381	713,204
Additions	–	1,930	2,230	–	4,160
Disposals	–	–	–	( 12,495)	( 12,495)
	--------	---------	--------	---------	---------
At 31 March 2025	19,758	417,464	47,761	219,886	704,869
	--------	---------	--------	---------	---------
Depreciation
At 1 April 2024	19,758	272,402	41,389	99,750	433,299
Charge for the year	–	42,741	3,155	26,190	72,086
Disposals	–	–	–	( 9,398)	( 9,398)
	--------	---------	--------	---------	---------
At 31 March 2025	19,758	315,143	44,544	116,542	495,987
	--------	---------	--------	---------	---------
Carrying amount
At 31 March 2025	–	102,321	3,217	103,344	208,882
	--------	---------	--------	---------	---------
At 31 March 2024	–	143,132	4,142	132,631	279,905
	--------	---------	--------	---------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery	Motor vehicles	Total
	£	£	£
At 31 March 2025	–	–	–
	----	----	----
At 31 March 2024	63,477	123,216	186,693
	--------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	543,614	619,932
Prepayments and accrued income	40,833	40,083
Directors loan account	291,510	264,700
Amounts recoverable on long term contracts	374,604	430,047
Corporation tax recoverable	97,843	97,843
Other debtors	23,933	38,469
	------------	------------
	1,372,337	1,491,074
	------------	------------

8. Investments

	2025	2024
	£	£
Other investments	60,972	67,442
	--------	--------

Listed Investments Current asset investments are listed on a recognised stock exchange and are recognised at market value.

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	371,563	336,096
Trade creditors	295,252	279,759
Corporation tax	30,571	1,347
Social security and other taxes	64,473	86,155
Other creditors	111,448	197,165
	---------	---------
	873,307	900,522
	---------	---------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	16,667	116,667
Other creditors	43,089	83,441
	--------	---------
	59,756	200,108
	--------	---------

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	15,260	–
Later than 1 year and not later than 5 years	47,052	–
	--------	----
	62,312	–
	--------	----

12. Directors' advances, credits and guarantees

At 31 March 2025 Mr W H Oliver owed £274,620 (2024 - 257,159) to the company. The maximum amount outstanding on this loan during the year was £274,620. At 31 March 2025 Mr S Taylor owed £7,541 (2024 - £7,541) to the company. The maximum amount outstanding on this loan during the year was £7,541.