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REGISTERED NUMBER: 07771851 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CORNERSTONE CONSTRUCTION (BRISTOL) LTD

CORNERSTONE CONSTRUCTION (BRISTOL) LTD (REGISTERED NUMBER: 07771851)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORNERSTONE CONSTRUCTION (BRISTOL) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: N E Stone



SECRETARY:



REGISTERED OFFICE: Woodbine Cottage
Clevedon Lane
Clapton in Gordano
Portishead
Bristol
BS20 7RG



REGISTERED NUMBER: 07771851 (England and Wales)



ACCOUNTANTS: Branscombe Accountancy Services Limited
2 Branscombe Walk
Portishead
North Somerset
BS20 8LP



BANKERS: HSBC Bank Plc
40 High Street
Portishead
Bristol
BS20 6EN

CORNERSTONE CONSTRUCTION (BRISTOL) LTD (REGISTERED NUMBER: 07771851)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,061 25,251

CURRENT ASSETS
Stocks 25,490 50,783
Debtors 5 161,058 103,238
Prepayments and accrued income 4,428 3,999
Cash at bank 180,348 101,773
371,324 259,793
CREDITORS
Amounts falling due within one year 6 208,934 126,589
NET CURRENT ASSETS 162,390 133,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,451

158,455

CREDITORS
Amounts falling due after more than one
year

7

90,877

122,956
NET ASSETS 123,574 35,499

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 123,573 35,498
SHAREHOLDERS' FUNDS 123,574 35,499

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 director acknowledges his 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.

CORNERSTONE CONSTRUCTION (BRISTOL) LTD (REGISTERED NUMBER: 07771851)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2023 and were signed by:





N E Stone - Director


CORNERSTONE CONSTRUCTION (BRISTOL) LTD (REGISTERED NUMBER: 07771851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Cornerstone Construction (Bristol) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

CORNERSTONE CONSTRUCTION (BRISTOL) LTD (REGISTERED NUMBER: 07771851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 5,764 2,515 43,966 3,311 55,556
Additions 559 774 40,744 1,243 43,320
At 31 March 2023 6,323 3,289 84,710 4,554 98,876
DEPRECIATION
At 1 April 2022 2,037 1,239 24,784 2,245 30,305
Charge for year 643 308 14,982 577 16,510
At 31 March 2023 2,680 1,547 39,766 2,822 46,815
NET BOOK VALUE
At 31 March 2023 3,643 1,742 44,944 1,732 52,061
At 31 March 2022 3,727 1,276 19,182 1,066 25,251

CORNERSTONE CONSTRUCTION (BRISTOL) LTD (REGISTERED NUMBER: 07771851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 31,966
DEPRECIATION
At 1 April 2022 13,986
Charge for year 4,495
At 31 March 2023 18,481
NET BOOK VALUE
At 31 March 2023 13,485
At 31 March 2022 17,980

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 102,144 32,746
Other debtors 58,914 70,492
161,058 103,238

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,661 5,289
Trade creditors 113,246 69,634
Taxation and social security 39,780 8,432
Other creditors 43,247 33,234
208,934 126,589

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,389 32,094
Hire purchase contracts 6,209 14,367
Other creditors 62,279 76,495
90,877 122,956