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28/02/2023
2023-02-28
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No description of principal activities is disclosed
2022-03-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
03343008
2022-03-01
2023-02-28
03343008
2023-02-28
03343008
2022-02-28
03343008
2021-03-01
2022-02-28
03343008
2022-02-28
03343008
core:PlantMachinery
2022-03-01
2023-02-28
03343008
core:FurnitureFittingsToolsEquipment
2022-03-01
2023-02-28
03343008
bus:Director1
2022-03-01
2023-02-28
03343008
core:PlantMachinery
2022-02-28
03343008
core:FurnitureFittingsToolsEquipment
2022-02-28
03343008
core:PlantMachinery
2023-02-28
03343008
core:FurnitureFittingsToolsEquipment
2023-02-28
03343008
core:WithinOneYear
2023-02-28
03343008
core:WithinOneYear
2022-02-28
03343008
core:ShareCapital
2023-02-28
03343008
core:ShareCapital
2022-02-28
03343008
core:RetainedEarningsAccumulatedLosses
2023-02-28
03343008
core:RetainedEarningsAccumulatedLosses
2022-02-28
03343008
core:PlantMachinery
2022-02-28
03343008
bus:Director1
2022-02-28
03343008
bus:Director1
2023-02-28
03343008
bus:Director1
2021-02-28
03343008
bus:Director1
2022-02-28
03343008
bus:Director1
2021-03-01
2022-02-28
03343008
bus:SmallEntities
2022-03-01
2023-02-28
03343008
bus:AuditExempt-NoAccountantsReport
2022-03-01
2023-02-28
03343008
bus:FullAccounts
2022-03-01
2023-02-28
03343008
bus:SmallCompaniesRegimeForAccounts
2022-03-01
2023-02-28
03343008
bus:PrivateLimitedCompanyLtd
2022-03-01
2023-02-28
03343008
1
2022-03-01
2023-02-28
A.B. SURVEYING & SITE ENGINEERING SERVICES LIMITED
Unaudited filleted financial statements
28 February 2023
Company registration number
03343008
A.B. SURVEYING & SITE ENGINEERING SERVICES LIMITED
Contents
Statement of financial position
Notes to the financial statements
A.B. SURVEYING & SITE ENGINEERING SERVICES LIMITED
Statement of financial position
28 February 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
44 |
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55 |
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_______ |
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_______ |
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44 |
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55 |
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Current assets |
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Debtors |
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6 |
6,995 |
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6,520 |
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Cash at bank and in hand |
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31,472 |
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29,999 |
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_______ |
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_______ |
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38,467 |
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36,519 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
12,019) |
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(
15,590) |
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_______ |
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_______ |
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Net current assets |
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26,448 |
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20,929 |
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_______ |
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_______ |
Total assets less current liabilities |
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26,492 |
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20,984 |
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_______ |
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_______ |
Net assets |
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26,492 |
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20,984 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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10 |
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10 |
Profit and loss account |
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26,482 |
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20,974 |
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_______ |
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_______ |
Shareholders funds |
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26,492 |
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20,984 |
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_______ |
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_______ |
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For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors
and authorised for issue on
10 July 2023
, and are signed on behalf of the board by:
A. W. J. Baker
Director
Company registration number:
03343008
A.B. SURVEYING & SITE ENGINEERING SERVICES LIMITED
Notes to the financial statements
Year ended 28 February 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34 Boughton Lane, Loose, Maidstone, Kent, ME15 9QW.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
- |
20 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
33.33 % |
straight line |
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|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 March 2022 and 28 February 2023 |
2,605 |
370 |
2,975 |
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_______ |
_______ |
_______ |
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Depreciation |
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At 1 March 2022 |
2,550 |
370 |
2,920 |
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Charge for the year |
11 |
- |
11 |
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_______ |
_______ |
_______ |
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At 28 February 2023 |
2,561 |
370 |
2,931 |
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_______ |
_______ |
_______ |
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Carrying amount |
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At 28 February 2023 |
44 |
- |
44 |
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_______ |
_______ |
_______ |
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At 28 February 2022 |
55 |
- |
55 |
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_______ |
_______ |
_______ |
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6.
Debtors
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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6,995 |
6,520 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Corporation tax |
|
11,121 |
12,210 |
|
Other creditors |
|
898 |
3,380 |
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|
|
_______ |
_______ |
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12,019 |
15,590 |
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_______ |
_______ |
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8.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2023 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
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£ |
£ |
£ |
£ |
|
|
|
A. W. J. Baker |
(
2,518) |
- |
2,480 |
(
38) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
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2022 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
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|
£ |
£ |
£ |
£ |
|
|
|
A. W. J. Baker |
(
837) |
(
1,681) |
- |
(
2,518) |
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_______ |
_______ |
_______ |
_______ |
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The above balance is interest free, unsecured and has no fixed repayment schedule.
9.
Controlling party
The company is under the control of the director
A.W.J. Baker
. He holds 80% of the issued share capital.