Conqueror Construction Ltd 11193753 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Construction and Building Work Digita Accounts Production Advanced 6.30.9574.0 true true 11193753 2022-03-01 2023-02-28 11193753 2023-02-28 11193753 core:RetainedEarningsAccumulatedLosses 2023-02-28 11193753 core:ShareCapital 2023-02-28 11193753 core:CurrentFinancialInstruments 2023-02-28 11193753 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 11193753 core:Non-currentFinancialInstruments 2023-02-28 11193753 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 11193753 core:FurnitureFittingsToolsEquipment 2023-02-28 11193753 core:MotorVehicles 2023-02-28 11193753 core:OtherPropertyPlantEquipment 2023-02-28 11193753 bus:SmallEntities 2022-03-01 2023-02-28 11193753 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11193753 bus:FullAccounts 2022-03-01 2023-02-28 11193753 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11193753 bus:RegisteredOffice 2022-03-01 2023-02-28 11193753 bus:Director1 2022-03-01 2023-02-28 11193753 bus:Director2 2022-03-01 2023-02-28 11193753 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11193753 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 11193753 core:MotorVehicles 2022-03-01 2023-02-28 11193753 core:OfficeEquipment 2022-03-01 2023-02-28 11193753 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 11193753 core:PlantMachinery 2022-03-01 2023-02-28 11193753 countries:EnglandWales 2022-03-01 2023-02-28 11193753 2022-02-28 11193753 core:FurnitureFittingsToolsEquipment 2022-02-28 11193753 core:MotorVehicles 2022-02-28 11193753 core:OtherPropertyPlantEquipment 2022-02-28 11193753 2021-03-01 2022-02-28 11193753 2022-02-28 11193753 core:RetainedEarningsAccumulatedLosses 2022-02-28 11193753 core:ShareCapital 2022-02-28 11193753 core:CurrentFinancialInstruments 2022-02-28 11193753 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 11193753 core:Non-currentFinancialInstruments 2022-02-28 11193753 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 11193753 core:FurnitureFittingsToolsEquipment 2022-02-28 11193753 core:MotorVehicles 2022-02-28 11193753 core:OtherPropertyPlantEquipment 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 11193753

Conqueror Construction Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Conqueror Construction Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Conqueror Construction Ltd

Company Information

Directors

Mr SM Hills

Mr S A Parsk

Registered office

39 High Street
Battle
East Sussex
TN33 0EE

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Conqueror Construction Ltd

(Registration number: 11193753)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

10,864

4,766

Current assets

 

Stocks

5

7,000

5,000

Debtors

6

10,505

333

Cash at bank and in hand

 

18,204

36,561

 

35,709

41,894

Creditors: Amounts falling due within one year

7

(15,904)

(22,447)

Net current assets

 

19,805

19,447

Total assets less current liabilities

 

30,669

24,213

Creditors: Amounts falling due after more than one year

7

(27,818)

(9,242)

Net assets

 

2,851

14,971

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,751

14,871

Shareholders' funds

 

2,851

14,971

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2023 and signed on its behalf by:
 

 

Conqueror Construction Ltd

(Registration number: 11193753)
Balance Sheet as at 28 February 2023

.........................................
Mr SM Hills
Director

.........................................
Mr S A Parsk
Director

 

Conqueror Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
39 High Street
Battle
East Sussex
TN33 0EE
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Conqueror Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Other tangible assets

25% reducing balance basis

Furniture, fittings and equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

 

Conqueror Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 4).

 

Conqueror Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2022

1,013

7,700

5,751

14,464

Additions

-

-

9,750

9,750

At 28 February 2023

1,013

7,700

15,501

24,214

Depreciation

At 1 March 2022

693

5,264

3,741

9,698

Charge for the year

103

609

2,940

3,652

At 28 February 2023

796

5,873

6,681

13,350

Carrying amount

At 28 February 2023

217

1,827

8,820

10,864

At 28 February 2022

320

2,436

2,010

4,766

5

Stocks

2023
£

2022
£

Work in progress

7,000

5,000

6

Debtors

2023
£

2022
£

Trade debtors

9,396

-

Prepayments

-

333

Other debtors

1,109

-

10,505

333

7

Creditors

Creditors: amounts falling due within one year

 

Conqueror Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

2023
£

2022
£

Due within one year

Trade creditors

591

8,307

Taxation and social security

11,819

13,207

Accruals and deferred income

900

900

Other creditors

2,594

33

15,904

22,447

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

27,818

9,242

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

27,818

9,242