Company registration number 12181318 (England and Wales)
A & S CONTRACTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
A & S CONTRACTS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
294,173
294,173
Current assets
Cash at bank and in hand
40,550
171,607
Creditors: amounts falling due within one year
4
(322,202)
(460,763)
Net current liabilities
(281,652)
(289,156)
Net assets
12,521
5,017
Capital and reserves
Called up share capital
51
51
Profit and loss reserves
12,470
4,966
Total equity
12,521
5,017

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 May 2026 and are signed on its behalf by:
Mrs AJ Mills
Director
Company registration number 12181318 (England and Wales)
A & S CONTRACTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

A & S Contracts Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Friars Street, Sudbury, Suffolk, CO10 2AA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

The Directors have considered the negative current assets of the company which is largely the result of the monies repayable to related parties. They consider that although reported as repayable within one year, the likelihood of a demand for immediate repayment is very low and as a result are confident that the company can continue to meet it's liabilities as they fall due. They consider that the preparation of the accounts on a Going Concern basis remains appropriate.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

A & S CONTRACTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 September 2024 and 31 August 2025
294,173

The fair value of the investment property has been arrived at on the basis of costs incurred to acquire the property and bring it to a suitable standard. The Directors consider this represent s fair value and will review annually.

4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
34
978
Corporation tax
1,760
1,121
Other creditors
320,408
458,664
322,202
460,763

Included within Other Creditors above is £159,408 (202 4: £2 08,164) owed to the company directors via their Directors Loan Account. This amount has not been subject to any interest charge and is considered repayable on demand.

5
Related party transactions

During the previous year the company received funding from GMB Holdings Limited, a company under common control. At the end of the reporting period there was a balance owed by A & S Contracts Limited of £160,000 (2024: £250,000). No interest was paid on this loan and it is considered repayable on demand.

2025-08-31 2024-09-01 false false false 22 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr S R Mills Mrs A J Mills 12181318 2024-09-01 2025-08-31 12181318 2025-08-31 12181318 2024-08-31 12181318 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 12181318 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12181318 core:CurrentFinancialInstruments 2025-08-31 12181318 core:CurrentFinancialInstruments 2024-08-31 12181318 core:ShareCapital 2025-08-31 12181318 core:ShareCapital 2024-08-31 12181318 core:RetainedEarningsAccumulatedLosses 2025-08-31 12181318 core:RetainedEarningsAccumulatedLosses 2024-08-31 12181318 bus:Director2 2024-09-01 2025-08-31 12181318 2023-09-01 2024-08-31 12181318 2024-08-31 12181318 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 12181318 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 12181318 bus:FRS102 2024-09-01 2025-08-31 12181318 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 12181318 bus:Director1 2024-09-01 2025-08-31 12181318 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP