Advanced Concrete & Formwork Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: NI603217 (Northern Ireland)

ADVANCED CONCRETE & FORMWORK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr Gerard Corcoran

Mrs Claire Corcoran

REGISTERED OFFICE:

17 Arvalee Road

OMAGH

Co. Tyrone

BT79 0LR

REGISTERED NUMBER:

NI603217 (Northern Ireland)

ACCOUNTANTS:

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

BANKERS:

HSBC Bank Plc

52/56 Meadow Lane

Portadown

Co. Armagh

BT62 3NJ

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 July 2025 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 July 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

27 April 2026

FIXED ASSETS

Tangible assets

4

3,113,380

2,517,505

CURRENT ASSETS

Debtors

5

1,996,574

2,760,698

Cash at bank

2,060,519

755,021

4,057,093

3,515,719

CREDITORS

Amounts falling due within one year

6

840,790

1,002,015

NET CURRENT ASSETS

3,216,303

2,513,704

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,329,683

5,031,209

CREDITORS

Amounts falling due after more than one year

7

(694,611

)

(208,611

)

PROVISIONS FOR LIABILITIES

(545,521

)

(404,151

)

NET ASSETS

5,089,551

4,418,447

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

5,089,451

4,418,347

SHAREHOLDERS' FUNDS

5,089,551

4,418,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

Mr Gerard Corcoran - Director

Mrs Claire Corcoran - Director

1.	STATUTORY INFORMATION

Advanced Concrete & Formwork Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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

Exemption from preparing group accounts

Advanced Concrete & Formwork Ltd is part of a small group. The company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover from contracts from the provision of construction services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be measured reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual staff costs and materials, as a proportion of total costs. When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately. When the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land & buildings - 3% straight line

Plant & machinery - 20% reducing balance

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 capitalelement 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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Amounts recoverable on contracts

The amount by which turnover exceeds payments on account on contracts is shown under debtors as amounts recoverable on contracts. Where payments on account exceed turnover the excess is classified as deferred income within creditors. When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Land &

Plant &

buildings

machinery

Totals

£

COST

At 1 August 2024

848,212

3,535,243

4,383,455

Additions

-

1,176,457

Disposals

-

(17,000

)

(17,000

)

At 31 July 2025

848,212

4,694,700

5,542,912

DEPRECIATION

At 1 August 2024

2,925

1,863,025

1,865,950

Charge for year

1,125

567,285

568,410

Eliminated on disposal

-

(4,828

)

(4,828

)

At 31 July 2025

4,050

2,425,482

2,429,532

NET BOOK VALUE

At 31 July 2025

844,162

2,269,218

3,113,380

At 31 July 2024

845,287

1,672,218

2,517,505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,390,671

838,371

Amounts recoverable on contract

360,000

1,740,081

Other debtors

245,903

182,246

1,996,574

2,760,698

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

8,788

10,648

Hire purchase contracts

242,500

138,361

Trade creditors

312,856

581,787

Taxation and social security

131,484

251,790

Other creditors

145,162

19,429

840,790

1,002,015

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

-

8,424

Hire purchase contracts

694,611

200,187

694,611

208,611

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

8,424

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the year, the company owed members of key management personnel £5,120 (£5,120 at 01.08.24). No interest was charged on the loan. The loan is presented within creditors: amounts falling due within one year.

9.	ULTIMATE PARENT UNDERTAKING

The immediate parent undertaking is Advanced Holdings (N.I.) Ltd, a company incorporated in Northern Ireland, which owns 100% of the issued share capital of Advanced Concrete & Formwork Ltd.