Company Registration No. 03130360 (England and Wales)
P. Allison & Sons (Demolition Contractors) Limited
Unaudited accounts
for the year ended 31 August 2023
P. Allison & Sons (Demolition Contractors) Limited
Unaudited accounts
Contents
P. Allison & Sons (Demolition Contractors) Limited
Company Information
for the year ended 31 August 2023
Company Number
03130360 (England and Wales)
Registered Office
Lindow Lee Farm
Whetstead Road
Whetstead
Kent
TN12 6SD
England
Accountants
ASTON STEELE
Aston House
Cotchford Hill,
Hartfield
Sussex
TN7 4HA
P. Allison & Sons (Demolition Contractors) Limited
Statement of financial position
as at 31 August 2023
Tangible assets
279,305
271,903
Cash at bank and in hand
53,819
15,531
Creditors: amounts falling due within one year
(108,156)
(82,015)
Net current assets
115,209
116,688
Total assets less current liabilities
394,514
388,591
Creditors: amounts falling due after more than one year
(34,048)
-
Provisions for liabilities
Deferred tax
(36,000)
(40,600)
Net assets
324,466
347,991
Called up share capital
52
52
Capital redemption reserve
49
49
Profit and loss account
324,365
347,890
Shareholders' funds
324,466
347,991
For the year ending 31 August 2023 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 8 April 2024 and were signed on its behalf by
Stephen Allison
Director
Company Registration No. 03130360
P. Allison & Sons (Demolition Contractors) Limited
Notes to the Accounts
for the year ended 31 August 2023
P. Allison & Sons (Demolition Contractors) Limited is a private company, limited by shares, registered in England and Wales, registration number 03130360. The registered office is Lindow Lee Farm, Whetstead Road, Whetstead, Kent, TN12 6SD, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
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.
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.
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.
P. Allison & Sons (Demolition Contractors) Limited
Notes to the Accounts
for the year ended 31 August 2023
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
331,117
444,372
15,098
790,587
Additions
-
77,856
-
77,856
Disposals
-
-
(3,744)
(3,744)
At 31 August 2023
331,117
522,228
11,354
864,699
At 1 September 2022
245,476
262,733
10,475
518,684
Charge for the year
17,128
51,899
1,427
70,454
On disposals
-
-
(3,744)
(3,744)
At 31 August 2023
262,604
314,632
8,158
585,394
At 31 August 2023
68,513
207,596
3,196
279,305
At 31 August 2022
85,641
181,639
4,623
271,903
Amounts falling due within one year
Trade debtors
150,828
175,822
Accrued income and prepayments
11,818
-
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,344
26,995
Taxes and social security
4,406
18,044
Loans from directors
64,722
28,795
P. Allison & Sons (Demolition Contractors) Limited
Notes to the Accounts
for the year ended 31 August 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
34,048
-
Allotted, called up and fully paid:
52 Ordinary shares of £1 each
52
52
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
