Company Registration No. 08742048 (England and Wales)
AST BUILDING CONTRACTORS LTD
Unaudited accounts
for the year ended 31 October 2019
AST BUILDING CONTRACTORS LTD
Unaudited accounts
Contents
AST BUILDING CONTRACTORS LTD
Company Information
for the year ended 31 October 2019
Company Number
08742048 (England and Wales)
Registered Office
530B LEA BRIDGE ROAD
LEYTON
LONDON
E10 7DT
Accountants
Major's Accounts & Co Ltd
118 Sydenham Road
Sydenham
London
SE26 5JX
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
AST BUILDING CONTRACTORS LTD
for the year ended 31 October 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
AST BUILDING CONTRACTORS LTD for the year ended
31 October 2019 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of AST BUILDING CONTRACTORS LTD, as a body, in accordance with the terms of our engagement letter dated 14 November 2018. Our work has been undertaken solely to prepare for your approval the accounts of AST BUILDING CONTRACTORS LTD and state those matters that we have agreed to state to the Board of Directors of AST BUILDING CONTRACTORS LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AST BUILDING CONTRACTORS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AST BUILDING CONTRACTORS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AST BUILDING CONTRACTORS LTD. You consider that AST BUILDING CONTRACTORS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of AST BUILDING CONTRACTORS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Major's Accounts & Co Ltd
Chartered Certified Accountants
118 Sydenham Road
Sydenham
London
SE26 5JX
22 April 2020
AST BUILDING CONTRACTORS LTD
Statement of financial position
as at
31 October 2019
Tangible assets
30,678
37,412
Cash at bank and in hand
21,583
29,804
Creditors: amounts falling due within one year
(15,546)
(22,843)
Net current assets
6,598
7,436
Total assets less current liabilities
37,276
44,848
Creditors: amounts falling due after more than one year
(12,148)
(18,786)
Called up share capital
1
1
Profit and loss account
25,127
26,061
Shareholders' funds
25,128
26,062
For the year ending 31 October 2019 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.
Approved by the Board on 22 April 2020.
Astrit Salihaj
Director
Company Registration No. 08742048
AST BUILDING CONTRACTORS LTD
Notes to the Accounts
for the year ended 31 October 2019
AST BUILDING CONTRACTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 08742048. The registered office is 530B LEA BRIDGE ROAD, LEYTON, LONDON, E10 7DT.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 1 November 2018
58,796
At 31 October 2019
58,796
At 1 November 2018
21,384
Charge for the year
6,734
At 31 October 2019
28,118
At 31 October 2019
30,678
At 31 October 2018
37,412
AST BUILDING CONTRACTORS LTD
Notes to the Accounts
for the year ended 31 October 2019
6
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
7,966
7,966
Taxes and social security
6,233
13,030
Loans from directors
453
1,847
7
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
12,148
18,786
8
Share capital
2019
2018
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 3 (2018: 3).