Registered number
10055040
Condron Design Consultants Limited
Filleted Accounts
31 March 2023
Condron Design Consultants Limited
Registered number: 10055040
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 13,029 1,720
Current assets
Debtors 4 5,000 13,941
Cash at bank and in hand 14,469 21,649
19,469 35,590
Creditors: amounts falling due within one year 5 (13,295) (9,123)
Net current assets 6,174 26,467
Total assets less current liabilities 19,203 28,187
Creditors: amounts falling due after more than one year 6 (2,000) (3,583)
Provisions for liabilities (2,754) (279)
Net assets 14,449 24,325
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,349 24,225
Shareholders' funds 14,449 24,325
The director is 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 director acknowledges his 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.
Mr M A Condron
Director
Approved by the board on 16 June 2023
Condron Design Consultants Limited
Notes to the Accounts
for the year ended 31 March 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 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 4,868 - 4,868
Additions 959 14,694 15,653
At 31 March 2023 5,827 14,694 20,521
Depreciation
At 1 April 2022 3,148 - 3,148
Charge for the year 670 3,674 4,344
At 31 March 2023 3,818 3,674 7,492
Net book value
At 31 March 2023 2,009 11,020 13,029
At 31 March 2022 1,720 - 1,720
4 Debtors 2023 2022
£ £
Trade debtors - 2,055
Other debtors 5,000 11,886
5,000 13,941
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,125 667
Corporation tax 1,576 7,437
Other creditors 10,594 1,019
13,295 9,123
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,000 3,583
7 Loans to directors
Terms disclosed in note 8 below B/fwd Paid Repaid C/fwd
£ £ £ £
Mr M A Condron
Loans to directors 6,886 50,066 (65,507) (8,555)
8 Related party transactions 2023 2022
£ £
The director is a related party to the company. At 31 March the following short term, unsecured loan, which is repayable upon demand, was due to the company. Interest of 5% was paid to the related party calculated on the average annual balance.
Amounts due (to the company) / to the related party 8,555 (6,886)
Condron Coatings Limited is a related party to the company by virtue of its common directorship and shareholders. At 31 March, Condron Coatings Limited owed the company the following interest free, unsecured loan that is repayable upon demand:
Amount due from the related party 5,000 5,000
9 Controlling party
The director is the controlling party by virtue of his 75% holding of the issued share capital of the company.
10 Other information
Condron Design Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
89 Chorley Road
Swinton
Manchester
M27 4AA
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