ACS (Construction Services) Ltd,Ltd - AccountsLtd - Accounts

ACS (Construction Services) Ltd,Ltd - AccountsLtd - Accounts


2019-04-01 01467962 2020-03-31 01467962 2019-04-01 2020-03-31 01467962 2019-03-31 01467962 2018-04-01 2019-03-31 01467962 uk-core:WithinOneYear 2019-03-31 01467962 uk-core:WithinOneYear 2020-03-31 01467962 uk-core:ShareCapital 2020-03-31 01467962 uk-core:ShareCapital 2019-03-31 01467962 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 01467962 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 01467962 uk-bus:Director1 2019-04-01 2020-03-31 01467962 uk-core:LandBuildings 2019-04-01 2020-03-31 01467962 uk-core:VehiclesPlantMachinery 2019-04-01 2020-03-31 01467962 uk-core:VehiclesPlantMachinery 2019-03-31 01467962 uk-core:LandBuildings 2019-03-31 01467962 uk-core:LandBuildings 2020-03-31 01467962 uk-core:VehiclesPlantMachinery 2020-03-31 iso4217:GBP xbrli:pure 01467962 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 01467962 uk-bus:FRS102 2019-04-01 2020-03-31 01467962 uk-bus:FullAccounts 2019-04-01 2020-03-31 01467962 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
ACS (Construction Services) Ltd
Registered Number:01467962
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2020
ACS (Construction Services) Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
01467962
As at 31 March 2020
ACS (Construction Services) Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
18,525
19,327
2
18,525
19,327
Current assets
Inventories
2,000
14,245
3
652
Cash and cash equivalents
853
15,098
2,652
Trade and other payables: amounts falling due within one
year
(44,910)
(63,105)
4
(42,258)
(48,007)
Net current liabilities
Total assets less current liabilities
(29,482)
(22,931)
(29,482)
Net liabilities
(22,931)
Capital and reserves
Called up share capital
6
6
Retained earnings
(29,488)
(22,937)
(29,482)
(22,931)
Shareholders' funds
For the year ended 31 March 2020 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 of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs J Duffy Director
These financial statements were approved and authorised for issue by the Board on 27 March 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2020
ACS (Construction Services) Ltd
Notes to the Financial Statements
Statutory Information
ACS (Construction Services) Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 01467962.
Registered address:
Lakeside
North Drive
Ossemsley
Hampshire
BH25 5TJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
4% Per annum on cost
Plant and machinery
20% per annum on cost
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
For the year ended 31 March 2020
ACS (Construction Services) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 April 2019
73,924
47,691
26,233
373
373
-
Additions
At 31 March 2020
26,233
48,064
74,297
Provision for depreciation and impairment
At 01 April 2019
54,597
47,301
7,296
Charge for year
1,175
126
1,049
At 31 March 2020
55,772
47,427
8,345
At 31 March 2020
Net book value
17,888
637
18,525
At 31 March 2019
18,937
390
19,327
3. Inventories
2019
2020
£
£
Stocks
14,245
2,000
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
8,000
8,000
Taxation and social security
915
326
Other creditors
54,190
36,584
63,105
44,910
5. Average number of persons employed
During the year the average number of employees was 3 (2019 : 4)
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