Silverfin false 31/05/2023 01/06/2022 31/05/2023 John Lee Gorham 04/05/2017 Natasha Sang-Gorham 04/05/2017 24 November 2023 The principle activity of the company is that of civils, engineering works, communications and traffic management. 10753785 2023-05-31 10753785 bus:Director1 2023-05-31 10753785 bus:Director2 2023-05-31 10753785 2022-05-31 10753785 core:CurrentFinancialInstruments 2023-05-31 10753785 core:CurrentFinancialInstruments 2022-05-31 10753785 core:Non-currentFinancialInstruments 2023-05-31 10753785 core:Non-currentFinancialInstruments 2022-05-31 10753785 core:ShareCapital 2023-05-31 10753785 core:ShareCapital 2022-05-31 10753785 core:RevaluationReserve 2023-05-31 10753785 core:RevaluationReserve 2022-05-31 10753785 core:RetainedEarningsAccumulatedLosses 2023-05-31 10753785 core:RetainedEarningsAccumulatedLosses 2022-05-31 10753785 core:LandBuildings 2022-05-31 10753785 core:PlantMachinery 2022-05-31 10753785 core:Vehicles 2022-05-31 10753785 core:ComputerEquipment 2022-05-31 10753785 core:LandBuildings 2023-05-31 10753785 core:PlantMachinery 2023-05-31 10753785 core:Vehicles 2023-05-31 10753785 core:ComputerEquipment 2023-05-31 10753785 bus:OrdinaryShareClass1 2023-05-31 10753785 2022-06-01 2023-05-31 10753785 bus:FullAccounts 2022-06-01 2023-05-31 10753785 bus:SmallEntities 2022-06-01 2023-05-31 10753785 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10753785 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10753785 bus:Director1 2022-06-01 2023-05-31 10753785 bus:Director2 2022-06-01 2023-05-31 10753785 core:PlantMachinery 2022-06-01 2023-05-31 10753785 core:Vehicles 2022-06-01 2023-05-31 10753785 core:ComputerEquipment 2022-06-01 2023-05-31 10753785 2021-06-01 2022-05-31 10753785 core:LandBuildings 2022-06-01 2023-05-31 10753785 core:Non-currentFinancialInstruments 2022-06-01 2023-05-31 10753785 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 10753785 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10753785 (England and Wales)

C & L CONSTRUCTION LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

C & L CONSTRUCTION LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

C & L CONSTRUCTION LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2023
C & L CONSTRUCTION LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2023
DIRECTORS John Lee Gorham
Natasha Sang-Gorham
REGISTERED OFFICE Hemingstone Fruit Farm Main Road
Hemingstone
Ipswich
IP6 9RJ
England
United Kingdom
COMPANY NUMBER 10753785 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
C & L CONSTRUCTION LIMITED

BALANCE SHEET

As at 31 May 2023
C & L CONSTRUCTION LIMITED

BALANCE SHEET (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,862,747 1,650,914
1,862,747 1,650,914
Current assets
Stocks 4 282,500 375,000
Debtors 5 616,935 1,348,037
Cash at bank and in hand 53,056 17,754
952,491 1,740,791
Creditors: amounts falling due within one year 6 ( 1,608,410) ( 3,092,887)
Net current liabilities (655,919) (1,352,096)
Total assets less current liabilities 1,206,828 298,818
Creditors: amounts falling due after more than one year 7 ( 377,256) ( 420,650)
Net assets/(liabilities) 829,572 ( 121,832)
Capital and reserves
Called-up share capital 8 100 100
Revaluation reserve 143,283 143,283
Profit and loss account 686,189 ( 265,215 )
Total shareholders' funds/(deficit) 829,572 ( 121,832)

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of C & L Construction Limited (registered number: 10753785) were approved and authorised for issue by the Board of Directors on 24 November 2023. They were signed on its behalf by:

John Lee Gorham
Director
C & L CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
C & L CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C & L Construction Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hemingstone Fruit Farm Main Road, Hemingstone, Ipswich, IP6 9RJ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 21 25

3. Tangible assets

Land and buildings Plant and machinery Vehicles Computer equipment Total
£ £ £ £ £
Cost
At 01 June 2022 1,000,000 390,992 549,015 10,942 1,950,949
Additions 0 207,021 199,233 2,407 408,661
Disposals 0 0 ( 51,795) 0 ( 51,795)
At 31 May 2023 1,000,000 598,013 696,453 13,349 2,307,815
Accumulated depreciation
At 01 June 2022 0 70,246 225,797 3,992 300,035
Charge for the financial year 0 94,137 72,839 1,666 168,642
Disposals 0 0 ( 23,609) 0 ( 23,609)
At 31 May 2023 0 164,383 275,027 5,658 445,068
Net book value
At 31 May 2023 1,000,000 433,630 421,426 7,691 1,862,747
At 31 May 2022 1,000,000 320,746 323,218 6,950 1,650,914

4. Stocks

2023 2022
£ £
Work in progress 282,500 375,000

5. Debtors

2023 2022
£ £
Trade debtors 467,663 643,130
Corporation tax 56,324 0
Other debtors 92,948 704,907
616,935 1,348,037

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 224,301 350,201
Trade creditors 295,147 707,274
Taxation and social security 0 102,030
Obligations under finance leases and hire purchase contracts 622,736 507,691
Other creditors 466,226 1,425,691
1,608,410 3,092,887

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 377,256 420,650

There are no amounts included above in respect of which any security has been given by the company.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Other related party transactions

During the year ended 31 May 2023, management charges have been raised by C & L Telecoms Limited at an arms-length value of £0. At of 31 May 2023, there is a balance due from C & L Telecoms Limited of £70,718.

During the year ended 31 May 2023, management charges have been raised by C & L TM Division Limited at an arms-length value of £0. At of 31 May 2023, there is a balance due from C & L TM Division Limited of £15,173.

10. Ultimate controlling party

The ultimate controlling party is Mr J Gorham by virtue of the controlling shares in the parent company, C & L Holdings (Suffolk) Limited.