Alken Construction Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05739545

Unaudited Financial Statements for the Year Ended 29 February 2020

for

Alken Construction Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Brown

SECRETARY:

REGISTERED OFFICE:

132 Whitby Street South

Hartlepool

TS24 7LP

REGISTERED NUMBER:

05739545

ACCOUNTANTS:

Flannagans - Hartlepool office

Hub One, First Floor, Unit's 204 & 206

The Innovation Centre, Venture Court

Queens Meadow Business Park

Hartlepool

TS25 5TG

FIXED ASSETS

Tangible assets

4

309,924

365,302

CURRENT ASSETS

Debtors

450,567

743,276

Cash at bank and in hand

8,613

1,447

459,180

744,723

CREDITORS

Amounts falling due within one year

778,829

792,953

NET CURRENT LIABILITIES

(319,649

)

(48,230

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,725

)

317,072

CREDITORS

Amounts falling due after more than one year

137,877

223,889

NET (LIABILITIES)/ASSETS

(147,602

)

93,183

CAPITAL AND RESERVES

Called up share capital

400

400

Share premium

79,900

79,900

Retained earnings

(227,902

)

12,883

SHAREHOLDERS' FUNDS

(147,602

)

93,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2021 and were signed by:

K F Goodrick - Director

1.	STATUTORY INFORMATION

Alken Construction Services Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

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 capital element 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 3 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2019

and 29 February 2020

625,893

DEPRECIATION

At 1 March 2019

260,591

Charge for year

55,378

At 29 February 2020

315,969

NET BOOK VALUE

At 29 February 2020

309,924

At 28 February 2019

365,302

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 March 2019

and 29 February 2020

436,615

DEPRECIATION

At 1 March 2019

173,876

Charge for year

55,336

At 29 February 2020

229,212

NET BOOK VALUE

At 29 February 2020

207,403

At 28 February 2019

262,739

5.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

The company's tax status is a close company.

6.	GOING CONCERN

The director has reviewed a period of 12 months from approval of these financial statements and concluded the company is able to meet all its liabilities as they fall due. As a result it is appropriate to prepare the accounts on going concern basis.