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REGISTERED NUMBER: 05141273 (England and Wales)















Cunningham Builders Limited

Unaudited Financial Statements

for the year ended

30 June 2023






Cunningham Builders Limited (Registered number: 05141273)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6

Chartered Accountants' Report 7

Cunningham Builders Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: Mrs J Cunningham
J A Cunningham





SECRETARY: Mrs J Cunningham





REGISTERED OFFICE: 8 Hopper Way
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 05141273 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Cunningham Builders Limited (Registered number: 05141273)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,379 5,336
Tangible assets 5 563,224 444,530
567,603 449,866

CURRENT ASSETS
Stocks 253,394 1,350
Debtors 6 387,974 244,971
Cash at bank 313,607 515,527
954,975 761,848
CREDITORS
Amounts falling due within one year 7 (314,399 ) (326,890 )
NET CURRENT ASSETS 640,576 434,958
TOTAL ASSETS LESS CURRENT LIABILITIES 1,208,179 884,824

CREDITORS
Amounts falling due after more than one year 8 (24,496 ) -

PROVISIONS FOR LIABILITIES (140,805 ) (84,369 )
NET ASSETS 1,042,878 800,455

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,042,778 800,355
SHAREHOLDERS' FUNDS 1,042,878 800,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





J A Cunningham - Director


Cunningham Builders Limited (Registered number: 05141273)

Notes to the Financial Statements
for the year ended 30 June 2023


1. STATUTORY INFORMATION

Cunningham Builders Limited 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.

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


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.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business, is being amortised evenly over it's estimated life of eight years.

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% reducing balance & 20% straight line
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Cunningham Builders Limited (Registered number: 05141273)

Notes to the Financial Statements - continued
for the year ended 30 June 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 18 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2022 53,334 - 53,334
Additions - 1,800 1,800
At 30 June 2023 53,334 1,800 55,134
AMORTISATION
At 1 July 2022 47,998 - 47,998
Charge for year 2,667 90 2,757
At 30 June 2023 50,665 90 50,755
NET BOOK VALUE
At 30 June 2023 2,669 1,710 4,379
At 30 June 2022 5,336 - 5,336

Cunningham Builders Limited (Registered number: 05141273)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 361,130 1,890 349,194 10,830 723,044
Additions 39,898 - 200,622 2,530 243,050
Disposals - - (46,000 ) - (46,000 )
At 30 June 2023 401,028 1,890 503,816 13,360 920,094
DEPRECIATION
At 1 July 2022 125,444 1,241 143,855 7,974 278,514
Charge for year 39,720 162 72,426 1,132 113,440
Eliminated on disposal - - (35,084 ) - (35,084 )
At 30 June 2023 165,164 1,403 181,197 9,106 356,870
NET BOOK VALUE
At 30 June 2023 235,864 487 322,619 4,254 563,224
At 30 June 2022 235,686 649 205,339 2,856 444,530

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 118,300
Additions 200,622
Transfer to ownership (118,300 )
At 30 June 2023 200,622
DEPRECIATION
At 1 July 2022 8,672
Charge for year 48,499
Transfer to ownership (36,079 )
At 30 June 2023 21,092
NET BOOK VALUE
At 30 June 2023 179,530
At 30 June 2022 109,628

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 343,755 59,215
Other debtors 44,219 91,055
387,974 150,270

Cunningham Builders Limited (Registered number: 05141273)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Trade debtors - 94,701

Aggregate amounts 387,974 244,971

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 50,492 48,157
Trade creditors 114,888 74,840
Taxation and social security 66,628 61,779
Other creditors 82,391 142,114
314,399 326,890

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 24,496 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 74,988 48,157

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

At the end of the year the company owed £16,774 (2022 - £100,812) to it's directors in the form of an interest free loan with no set repayment terms.

At the end of the year the company owed £32,194 (2022 - NIL) to an associated company in the form of an interest free loan with no set repayment terms.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cunningham Builders Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cunningham Builders Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cunningham Builders Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cunningham Builders Limited and state those matters that we have agreed to state to the Board of Directors of Cunningham Builders Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cunningham Builders Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cunningham Builders Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cunningham Builders Limited. You consider that Cunningham Builders Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cunningham Builders Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


31 January 2024