1 July 2024 false No description of principal activity Taxfiler 2024.6 05427287 business:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 05427287 2024-06-30 05427287 2024-07-01 2025-06-30 05427287 business:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 05427287 business:FilletedAccounts 2024-07-01 2025-06-30 05427287 2025-06-30 05427287 business:Director1 2024-07-01 2025-06-30 05427287 business:RegisteredOffice 2024-07-01 2025-06-30 05427287 2024-06-30 05427287 core:WithinOneYear 2025-06-30 05427287 core:WithinOneYear 2024-06-30 05427287 core:ShareCapital core:PreviouslyStatedAmount 2025-06-30 05427287 core:ShareCapital core:PreviouslyStatedAmount 2024-06-30 05427287 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-06-30 05427287 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-06-30 05427287 core:PreviouslyStatedAmount 2025-06-30 05427287 core:PreviouslyStatedAmount 2024-06-30 05427287 business:SmallEntities 2024-07-01 2025-06-30 05427287 countries:EnglandWales 2024-07-01 2025-06-30 05427287 core:PlantMachinery 2024-07-01 2025-06-30 05427287 core:MotorVehicles 2024-07-01 2025-06-30 05427287 core:ComputerEquipment 2024-07-01 2025-06-30 05427287 core:PlantMachinery 2024-06-30 05427287 core:MotorVehicles 2024-06-30 05427287 core:ComputerEquipment 2024-06-30 05427287 core:PlantMachinery 2025-06-30 05427287 core:MotorVehicles 2025-06-30 05427287 core:ComputerEquipment 2025-06-30 05427287 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company Registration No. 05427287 (England and Wales)
Access Building Contractors Limited Unaudited accounts for the year ended 30 June 2025
Access Building Contractors Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Access Building Contractors Limited Company Information for the year ended 30 June 2025
Director
X Lita
Company Number
05427287 (England and Wales)
Registered Office
107 - 115 Eastmoor Street London SE7 8LX United Kingdom
Accountants
Valuemaven Business Services (UK) Limited 7 Lita Mews Romford London RM1 3FG
- 3 -
Access Building Contractors Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
27,137
47,318
Current assets
Inventories
370,000
618,000
Debtors
5
4,416,994
5,312,686
Cash at bank and in hand
89,877
78,252
4,876,871
6,008,938
Creditors: amounts falling due within one year
6
(3,920,955)
(4,816,187)
Net current assets
955,916
1,192,751
Total assets less current liabilities
983,053
1,240,069
Provisions for liabilities
Deferred tax
(16,159)
(16,159)
Net assets
966,894
1,223,910
Capital and reserves
Called up share capital
500
500
Profit and loss account
966,394
1,223,410
Shareholders' funds
966,894
1,223,910
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 3 July 2026 and were signed on its behalf by
X Lita Director Company Registration No. 05427287
- 4 -
Access Building Contractors Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Access Building Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 05427287. The registered office is 107 - 115 Eastmoor Street, London, SE7 8LX, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 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
20% straight line
Motor vehicles
25% straight line
Computer equipment
25% straight line
Deferred taxation
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
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.
- 5 -
Access Building Contractors Limited Notes to the Accounts for the year ended 30 June 2025
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
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.
Work in progress
Work in progress and finished goods, cost includes a relevant proportion of costs and overheads according to the stage of construction work completed but not invoiced.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
410,541
24,066
30,533
465,140
Additions
1,019
9,075
3,122
13,216
At 30 June 2025
411,560
33,141
33,655
478,356
Depreciation
At 1 July 2024
382,692
18,048
17,082
417,822
Charge for the year
16,699
8,285
8,413
33,397
At 30 June 2025
399,391
26,333
25,495
451,219
Net book value
At 30 June 2025
12,169
6,808
8,160
27,137
At 30 June 2024
27,849
6,018
13,451
47,318
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
24,709
Trade debtors
4,155,448
4,723,224
Accrued income and prepayments
-
1,197
Other debtors
261,546
563,556
4,416,994
5,312,686
- 6 -
Access Building Contractors Limited Notes to the Accounts for the year ended 30 June 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
22,018
-
VAT
78,254
-
Trade creditors
1,346,991
3,422,988
Taxes and social security
454,123
346,820
Other creditors
1,046,776
361,962
Loans from directors
729,772
445,146
Accruals
243,021
239,271
3,920,955
4,816,187
7
Transactions with related parties
The trade debtors includes amount receivable from Lita Homes Limited of £3,458,000 (2024: £563,556). The company in which Mr X Lita is the director and ultimate controlling party by virtue of holding shares of the company.
8
Controlling party
The company is controlled by Mr X Lita as the director and controlling shareholder of the issued share capital.
9
Average number of employees
During the year the average number of employees was 13 (2024: 15).
- 7 -