IRIS Accounts Production v23.3.0.418 10941799 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109417992022-03-31109417992023-03-31109417992022-04-012023-03-31109417992021-03-31109417992021-04-012022-03-31109417992022-03-3110941799ns10:Originalns15:EnglandWales2022-04-012023-03-3110941799ns14:PoundSterlingns10:Original2022-04-012023-03-3110941799ns10:Originalns10:Director12022-04-012023-03-3110941799ns10:Original2022-04-012023-03-3110941799ns10:Originalns10:Director22022-04-012023-03-3110941799ns10:Original2023-03-3110941799ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3110941799ns10:Originalns10:SmallEntities2022-04-012023-03-3110941799ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3110941799ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3110941799ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3110941799ns10:Originalns10:FullAccounts2022-04-012023-03-3110941799ns10:Original2022-03-3110941799ns10:Originalns5:CurrentFinancialInstruments2023-03-3110941799ns10:Originalns5:CurrentFinancialInstruments2022-03-3110941799ns10:Originalns5:Non-currentFinancialInstruments2023-03-3110941799ns10:Originalns5:Non-currentFinancialInstruments2022-03-3110941799ns5:ShareCapitalns10:Original2023-03-3110941799ns5:ShareCapitalns10:Original2022-03-3110941799ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3110941799ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3110941799ns10:Originalns10:RegisteredOffice2022-04-012023-03-3110941799ns10:Original2021-04-012022-03-3110941799ns10:Originalns5:PlantMachinery2022-03-3110941799ns10:Originalns5:PlantMachinery2022-04-012023-03-3110941799ns10:Originalns5:PlantMachinery2023-03-3110941799ns10:Originalns5:PlantMachinery2022-03-3110941799ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110941799ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 10941799 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Coalesce Construction Limited

Coalesce Construction Limited (Registered number: 10941799)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Coalesce Construction Limited (Registered number: 10941799)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 365,618 182,065

CURRENT ASSETS
Stocks 70,322 74,691
Debtors 6 1,013,279 932,067
Cash at bank and in hand 3,005 2,922
1,086,606 1,009,680
CREDITORS
Amounts falling due within one year 7 800,365 373,681
NET CURRENT ASSETS 286,241 635,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,859

818,064

CREDITORS
Amounts falling due after more than
one year

8

(282,422

)

(158,787

)

PROVISIONS FOR LIABILITIES (69,468 ) (34,593 )
NET ASSETS 299,969 624,684

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 299,965 624,680
SHAREHOLDERS' FUNDS 299,969 624,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Coalesce Construction Limited (Registered number: 10941799)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:




Mr L J Duncan - Director



Mr J M Sullivan - Director


Coalesce Construction Limited (Registered number: 10941799)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Coalesce Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10941799

Registered office: Unit 5 Willesborough Industrial Estate
Ashford
Kent
TN24 0TD

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Coalesce Construction Limited (Registered number: 10941799)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount 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. However, the increase is recognised in profit or loss to the extent that 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. If a revaluation decrease exceeds the accumulated revaluation gains accumulated capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over the useful lives on the following basis:

Plant and machinery 25% Reducing balance method

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Coalesce Construction Limited (Registered number: 10941799)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of fixed assets
A review for indicators of impairments 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 37 ) .

Coalesce Construction Limited (Registered number: 10941799)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 287,644
Additions 305,427
At 31 March 2023 593,071
DEPRECIATION
At 1 April 2022 105,579
Charge for year 121,874
At 31 March 2023 227,453
NET BOOK VALUE
At 31 March 2023 365,618
At 31 March 2022 182,065

The net book value of assets on hire purchase amount to £303,535 (2022: £114,957)

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 481,026 546,367
Other debtors 532,253 385,700
1,013,279 932,067

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 28,076 35,650
Trade creditors 128,723 133,481
Taxation and social security 529,267 160,736
Other creditors 114,299 43,814
800,365 373,681

Coalesce Construction Limited (Registered number: 10941799)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 45,000 65,818
Other creditors 237,422 92,969
282,422 158,787