Austin Contract Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03797206

Austin Contract Services Limited

Filleted Unaudited Financial Statements

31 May 2025

Austin Contract Services Limited

Financial Statements

Year ended 31 May 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Austin Contract Services Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		9,736,338	9,574,213

Current assets

Debtors	7	2,100,229	2,168,657
Cash at bank and in hand		26,804	198,320
		------------	------------
		2,127,033	2,366,977

Creditors: amounts falling due within one year	8	2,677,837		2,878,420
		------------		------------
Net current liabilities			550,804	511,443
			------------	------------
Total assets less current liabilities			9,185,534	9,062,770

Creditors: amounts falling due after more than one year	9		4,040,391	5,098,591

Provisions

Taxation including deferred tax	982,834	654,620
	------------	------------
Net assets	4,162,309	3,309,559
	------------	------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	4,162,308	3,309,558
	------------	------------
Shareholders funds	4,162,309	3,309,559
	------------	------------

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 income and retained earnings has not been delivered.

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Austin Contract Services Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 27 August 2026 , and are signed on behalf of the board by:

Mr C L Austin
Director

Company registration number: 03797206

Austin Contract Services Limited

Notes to the Financial Statements

Year ended 31 May 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 Church Farm, Sheppey Way, Bobbing, Sittingbourne, Kent, ME9 8PH.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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 ten 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	-	20% straight line

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.

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:

Long leasehold property	-	20% straight line
Plant and machinery	-	10% reducing balance
Fixtures and fixtures	-	25% reducing balance
Motor vehicles	-	20% straight line

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.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 49 (2024: 46 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 June 2024 and 31 May 2025	52,000
	--------
Amortisation
At 1 June 2024 and 31 May 2025	52,000
	--------
Carrying amount
At 31 May 2025	–
	--------
At 31 May 2024	–
	--------

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 June 2024	520,182	11,162,144	215,617	748,476	12,646,419
Additions	284,425	1,099,964	3,703	117,940	1,506,032
Disposals	–	( 804,370)	–	–	( 804,370)
	---------	-------------	---------	---------	-------------
At 31 May 2025	804,607	11,457,738	219,320	866,416	13,348,081
	---------	-------------	---------	---------	-------------
Depreciation
At 1 June 2024	33,426	2,506,156	151,183	381,441	3,072,206
Charge for the year	42,237	664,784	16,457	95,297	818,775
Disposals	–	( 279,238)	–	–	( 279,238)
	---------	-------------	---------	---------	-------------
At 31 May 2025	75,663	2,891,702	167,640	476,738	3,611,743
	---------	-------------	---------	---------	-------------
Carrying amount
At 31 May 2025	728,944	8,566,036	51,680	389,678	9,736,338
	---------	-------------	---------	---------	-------------
At 31 May 2024	486,756	8,655,988	64,434	367,035	9,574,213
	---------	-------------	---------	---------	-------------

7. Debtors

	2025	2024
	£	£
Trade debtors	1,168,323	1,242,036
Other debtors	931,906	926,621
	------------	------------
	2,100,229	2,168,657
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	177,510	128,502
Trade creditors	583,854	803,483
Social security and other taxes	339,020	242,479
Other creditors	1,577,453	1,703,956
	------------	------------
	2,677,837	2,878,420
	------------	------------

Lloyds Bank Plc holds a fixed and floating charge over the undertaking and all property and assets present in the company. Lloyds TSB Commercial Finance Limited holds a fixed and floating charge over the undertaking and all property and assets present in the company.

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

	2025	2024
	£	£
Bank loans and overdrafts	110,646	180,945
Other creditors	3,929,745	4,917,646
	------------	------------
	4,040,391	5,098,591
	------------	------------

Lloyds Bank Plc holds a fixed and floating charge over the undertaking and all property and assets present in the company. Lloyds TSB Commercial Finance Limited holds a fixed and floating charge over the undertaking and all property and assets present in the company.

10. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	1,507,112	1,664,302
Later than 1 year and not later than 5 years	3,929,745	4,917,646
	------------	------------
	5,436,857	6,581,948
	------------	------------

The hire purchase leases are charged against the assets to which they relate to.

11. Director's advances, credits and guarantees

At the period end, a Director owed the company £589,704 (2024: £638,567). During the year advances of £102,534 (2024: £53,000) and repayments of £167,256 (2024: £119,487) were made. Interest of £15,859 (2024: £13,634) was charged on the loan at a rate of 2.48%.

12. Related party transactions

At the year end, the company was owed £96,443 (2024: £nil) by a company related by common control.