AC Concrete Pumping Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09121271 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2021

for

AC Concrete Pumping Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Chadwick

REGISTERED OFFICE:

174 Rochdale Road

Rochdale

Lancashire

OL16 3BN

REGISTERED NUMBER:

09121271 (England and Wales)

ACCOUNTANTS:

Michael Astin Accountancy Services

95 Tarnside Close

Rochdale

Greater Manchester

OL16 2QD

FIXED ASSETS

Tangible assets

4

326,196

255,498

CURRENT ASSETS

Debtors

5

36,948

34,678

Cash at bank

91,681

28,223

128,629

62,901

CREDITORS

Amounts falling due within one year

6

117,914

108,398

NET CURRENT ASSETS/(LIABILITIES)

10,715

(45,497

)

TOTAL ASSETS LESS CURRENT LIABILITIES

336,911

210,001

CREDITORS

Amounts falling due after more than one year

7

201,032

92,562

NET ASSETS

135,879

117,439

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

135,779

117,339

SHAREHOLDERS' FUNDS

135,879

117,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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.

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 10 November 2021 and were signed by:

A Chadwick - Director

1.	STATUTORY INFORMATION

AC Concrete Pumping Ltd is a private company, limited by shares , registered in England and Wales. 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 6 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2020

375,409

Additions

174,935

Disposals

(173,139

)

At 31 July 2021

377,205

DEPRECIATION

At 1 August 2020

119,911

Charge for year

33,215

Eliminated on disposal

(102,117

)

At 31 July 2021

51,009

NET BOOK VALUE

At 31 July 2021

326,196

At 31 July 2020

255,498

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade debtors

36,948

27,678

Prepayments and accrued income

-

7,000

36,948

34,678

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Bank loans and overdrafts

48,225

50,000

Hire purchase contracts

35,696

33,107

Trade creditors

-

2

Social security and other taxes

1,878

1,642

VAT

28,567

11,633

Directors' current accounts

3,548

12,014

117,914

108,398

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.21

31.7.20

£

£

Hire purchase contracts

201,032

92,562