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Company Registration No. 5718519 (England and Wales)
Cornerstone Building & Developments Limited Unaudited accounts for the year ended 31 March 2023
Cornerstone Building & Developments Limited Unaudited accounts Contents
Page
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Cornerstone Building & Developments Limited Company Information for the year ended 31 March 2023
Director
Mr Daniel Kent
Company Number
5718519 (England and Wales)
Registered Office
104 SOUTHBROOK STREET EXTENSION SWINDON WILTSHIRE SN2 1HH
Accountants
LHA Accountancy Services 7 Bath Road Old Town Swindon Wiltshire SN1 4AS
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Cornerstone Building & Developments Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
2,623 
10,619 
Cash at bank and in hand
1,338 
3,254 
3,961 
13,873 
Creditors: amounts falling due within one year
(2,015)
(2,423)
Net current assets
1,946 
11,450 
Net assets
1,946 
11,450 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,945 
11,449 
Shareholders' funds
1,946 
11,450 
For the year ending 31 March 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 3 October 2023 and were signed on its behalf by
Mr Daniel Kent Director Company Registration No. 5718519
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Cornerstone Building & Developments Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Cornerstone Building & Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 5718519. The registered office is 104 SOUTHBROOK STREET EXTENSION, SWINDON, WILTSHIRE, SN2 1HH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
900 
10,680 
697 
12,277 
At 31 March 2023
900 
10,680 
697 
12,277 
Depreciation
At 1 April 2022
900 
10,680 
697 
12,277 
At 31 March 2023
900 
10,680 
697 
12,277 
Net book value
At 31 March 2023
- 
- 
- 
- 
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Cornerstone Building & Developments Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,623 
10,619 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
- 
1,205 
Accruals
2,015 
1,218 
2,015 
2,423 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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