Company Registration No. 08236556 (England and Wales)
Crossmann Builders and Contractors Ltd
Unaudited accounts
for the year ended 31 December 2023
Crossmann Builders and Contractors Ltd
Unaudited accounts
Contents
Crossmann Builders and Contractors Ltd
Company Information
for the year ended 31 December 2023
Directors
D Crossland
David Crossland
Company Number
08236556 (England and Wales)
Registered Office
53 Vulcan Road
Dewsbury
West Yorkshire
WF13 2NA
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
Crossmann Builders and Contractors Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
51,736
37,868
Creditors: amounts falling due within one year
(71,367)
(58,119)
Net current (liabilities)/assets
(27,537)
5,358
Total assets less current liabilities
24,199
43,226
Creditors: amounts falling due after more than one year
(4,872)
-
Provisions for liabilities
Deferred tax
(6,881)
(4,058)
Called up share capital
100
100
Profit and loss account
12,346
39,068
Shareholders' funds
12,446
39,168
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by
D Crossland
Director
Company Registration No. 08236556
Crossmann Builders and Contractors Ltd
Notes to the Accounts
for the year ended 31 December 2023
Crossmann Builders and Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 08236556. The registered office is 53 Vulcan Road, Dewsbury, West Yorkshire, WF13 2NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
20% reducing balance basis
Fixtures & fittings
10% reducing balance basis
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 accounts. 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.
Government grants are accounted for under the performance model, are credited to the profit and loss account when the grant proceeds are received and are presented within other operating income.
Crossmann Builders and Contractors Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
15,374
89,330
6,087
110,791
Additions
1,069
34,800
-
35,869
Disposals
-
(43,750)
-
(43,750)
At 31 December 2023
16,443
80,380
6,087
102,910
At 1 January 2023
11,390
59,041
2,492
72,923
Charge for the year
1,010
11,114
360
12,484
On disposals
-
(34,233)
-
(34,233)
At 31 December 2023
12,400
35,922
2,852
51,174
At 31 December 2023
4,043
44,458
3,235
51,736
At 31 December 2022
3,984
30,289
3,595
37,868
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
13,600
11,959
Amounts falling due within one year
Trade debtors
29,501
54,121
Accrued income and prepayments
3,361
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
28,531
18,177
Obligations under finance leases and hire purchase contracts
3,214
571
Trade creditors
17,248
22,886
Taxes and social security
3,705
12,816
Loans from directors
125
452
Crossmann Builders and Contractors Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,872
-
8
Deferred taxation
2023
2022
Accelerated capital allowances
6,881
4,058
Provision at start of year
4,058
7,144
Charged/(credited) to the profit and loss account
2,823
(3,086)
Provision at end of year
6,881
4,058
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
The company is in receipt of a loan amounting to £125.00 from a member of key management personnel. The loan is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
During the year, total dividends of £12,500 (2022: £13,000) were paid to the director.
11
Average number of employees
During the year the average number of employees was 7 (2022: 7).