Registered number
05516654
CREWE CONSTRUCTION SERVICES LIMITED
Filleted Accounts
31 July 2023
CREWE CONSTRUCTION SERVICES LIMITED
Registered number: 05516654
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,086 3,857
Current assets
Stocks 1,700 2,044
Debtors 4 744 229
Cash at bank and in hand 19,127 17,754
21,571 20,027
Creditors: amounts falling due within one year 5 (18,610) (18,957)
Net current assets 2,961 1,070
Net assets 6,047 4,927
Capital and reserves
Called up share capital 6 6
Profit and loss account 6,041 4,921
Shareholders' funds 6,047 4,927
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R D Cartwright
Director
Approved by the board on 12 October 2023
CREWE CONSTRUCTION SERVICES LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Motor vehicles 20% per annum on cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 1,044 24,540 25,584
At 31 July 2023 1,044 24,540 25,584
Depreciation
At 1 August 2022 1,044 20,683 21,727
Charge for the year - 771 771
At 31 July 2023 1,044 21,454 22,498
Net book value
At 31 July 2023 - 3,086 3,086
At 31 July 2022 - 3,857 3,857
4 Debtors 2023 2022
£ £
Trade debtors 696 -
Prepayments and accrued income 48 229
744 229
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,610 7,357
Accruals and deferred income 1,615 1,405
Taxation and social security costs 7,692 8,742
Directors loans 1,693 1,453
18,610 18,957
6 Events after the reporting date
There were no material post balance sheet events up to the 12th October 2023, being the date of approval of the financial statements by the board of directors.
7 Other information
CREWE CONSTRUCTION SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
2 Woodbank Close
Crewe
Cheshire
CW2 6SD
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