Registered number
07119094
Carrickeast Construction Limited
Unaudited Filleted Accounts
30 January 2023
Carrickeast Construction Limited
Registered number: 07119094
Balance Sheet
as at 30 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,508 57,726
Current assets
Debtors 4 2,393,655 2,579,474
Cash at bank and in hand 913,383 1,302,488
3,307,038 3,881,962
Creditors: amounts falling due within one year 5 (187,007) (235,186)
Net current assets 3,120,031 3,646,776
Total assets less current liabilities 3,134,539 3,704,502
Provisions for liabilities (2,757) (10,968)
Net assets 3,131,782 3,693,534
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,131,781 3,693,533
Shareholders' funds 3,131,782 3,693,534
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Fitzsimons
Director
Approved by the board on 18 October 2023
Carrickeast Construction Limited
Notes to the Accounts
for the year ended 30 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Fixtures, fittings, tools and equipment 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 31 January 2022 92,904 513,706 606,610
At 30 January 2023 92,904 513,706 606,610
Depreciation
At 31 January 2022 83,058 465,826 548,884
Charge for the year 5,362 37,856 43,218
At 30 January 2023 88,420 503,682 592,102
Net book value
At 30 January 2023 4,484 10,024 14,508
At 30 January 2022 9,846 47,880 57,726
4 Debtors 2023 2022
£ £
Trade debtors 2,393,655 2,579,474
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 120,227 129,497
Taxation and social security costs 43,107 12,629
Other creditors 23,673 93,060
187,007 235,186
6 Controlling party
Mr J Fitzsimons is the ultimate controlling party by virtue of his shareholding.
7 Other information
Carrickeast Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
175 Wickham Way
Beckenham
Kent
BR3 3AP
Carrickeast Construction Limited 07119094 false 2022-01-31 2023-01-30 2023-01-30 VT Final Accounts October 2023 J Fitzsimons No description of principal activity 07119094 2021-01-31 2022-01-30 07119094 core:WithinOneYear 2022-01-30 07119094 core:ShareCapital 2022-01-30 07119094 core:RetainedEarningsAccumulatedLosses 2022-01-30 07119094 2022-01-31 2023-01-30 07119094 bus:PrivateLimitedCompanyLtd 2022-01-31 2023-01-30 07119094 bus:AuditExemptWithAccountantsReport 2022-01-31 2023-01-30 07119094 bus:Director40 2022-01-31 2023-01-30 07119094 1 2022-01-31 2023-01-30 07119094 2 2022-01-31 2023-01-30 07119094 core:PlantMachinery 2022-01-31 2023-01-30 07119094 core:Vehicles 2022-01-31 2023-01-30 07119094 countries:England 2022-01-31 2023-01-30 07119094 bus:FRS102 2022-01-31 2023-01-30 07119094 bus:FullAccounts 2022-01-31 2023-01-30 07119094 2023-01-30 07119094 core:WithinOneYear 2023-01-30 07119094 core:ShareCapital 2023-01-30 07119094 core:RetainedEarningsAccumulatedLosses 2023-01-30 07119094 core:PlantMachinery 2023-01-30 07119094 core:Vehicles 2023-01-30 07119094 2022-01-30 07119094 core:PlantMachinery 2022-01-30 07119094 core:Vehicles 2022-01-30 iso4217:GBP xbrli:pure