Company Registration No. 01183662 (England and Wales)
Bristol and Avon Contractors Limited
Unaudited accounts
for the year ended 31 December 2022
Bristol and Avon Contractors Limited
Unaudited accounts
Contents
Bristol and Avon Contractors Limited
Company Information
for the year ended 31 December 2022
Company Number
01183662 (England and Wales)
Registered Office
40 KERSTEMAN ROAD
REDLAND
BRISTOL
BS6 7BX
Accountants
Vertical Consulting Ltd
Chartered Accountants
18 Wellington Park
Clifton
Bristol
BS8 2UT
Bristol and Avon Contractors Limited
Statement of financial position
as at
31 December 2022
Investment property
1,000,000
780,000
Cash at bank and in hand
1,279
14,350
Creditors: amounts falling due within one year
(7,195)
(9,136)
Net current assets
126,304
119,520
Total assets less current liabilities
1,126,656
899,934
Provisions for liabilities
Deferred tax
(197,724)
(108,470)
Net assets
928,932
791,464
Called up share capital
1,000
1,000
Fair value reserve
727,872
597,126
Profit and loss account
200,060
193,338
Shareholders' funds
928,932
791,464
For the year ending 31 December 2022 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 6 March 2023 and were signed on its behalf by
D W Trimble
Director
Company Registration No. 01183662
Bristol and Avon Contractors Limited
Notes to the Accounts
for the year ended 31 December 2022
Bristol and Avon Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 01183662. The registered office is 40 KERSTEMAN ROAD, REDLAND, BRISTOL, BS6 7BX.
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
15% on the reducing balance basis
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Bristol and Avon Contractors Limited
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 31 December 2022
2,683
At 31 December 2022
2,331
5
Investment property
2022
Fair value at 1 January 2022
780,000
Net gain from fair value adjustments
220,000
At 31 December 2022
1,000,000
Amounts falling due within one year
Amounts due from group undertakings etc.
132,220
114,306
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Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,594
3,537
Other creditors
3,501
5,599
8
Transactions with related parties
Included in other debtors - amounts owed by group undertakings is an amount of £132,220 ( 2021 - £114,306 ) owed to the company by Conver Properties Ltd. The loan has no specific terms for repayment and accordingly is regarded as due for repayment within one year. No interest is charged on the loan.
During the year the company lent an additional £17,914 to Conver Properties Ltd.
Conver Properties Ltd is the company's holding company. This company, which is registered in England and Wales, owns 100% of the issued ordinary share capital of Bristol and Avon Contractors Ltd.
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Average number of employees
During the year the average number of employees was 1 (2021: 1).