Concept Construction (Yorkshire) Ltd
Filleted Accounts
30 November 2023
Registered number
11058793
Concept Construction (Yorkshire) Ltd
Registered number: 11058793
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 51,638 70,123
Current assets
Debtors 4 98,342 63,106
Cash at bank and in hand 24,645 10,034
122,987 73,140
Creditors: amounts falling due within one year 5 (92,635) (50,748)
Net current assets 30,352 22,392
Total assets less current liabilities 81,990 92,515
Creditors: amounts falling due after more than one year 6 (70,153) (78,771)
Provisions for liabilities (10,880) (13,323)
Net assets 957 421
Capital and reserves
Called up share capital 100 100
Profit and loss account 857 321
Shareholders' funds 957 421
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.
M Jaques
Director
Approved by the board on 3 July 2024
Concept Construction (Yorkshire) Ltd
Notes to the Accounts
for the year ended 30 November 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 & equipment over 4 years
Motor vehicles over 4 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant & Equipment Etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 5,491 74,171 79,662
Additions 1,687 - 1,687
Disposals (1,475) (4,500) (5,975)
At 30 November 2023 5,703 69,671 75,374
Depreciation
At 1 December 2022 4,924 4,615 9,539
Charge for the year 692 17,418 18,110
On disposals (1,475) (2,438) (3,913)
At 30 November 2023 4,141 19,595 23,736
Net book value
At 30 November 2023 1,562 50,076 51,638
At 30 November 2022 567 69,556 70,123
4 Debtors 2023 2022
£ £
Trade debtors 15,537 30,098
Other debtors 82,805 33,008
98,342 63,106
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,635 9,875
Obligations under finance lease and hire purchase contracts 10,778 12,746
Corporation tax 22,720 3,020
Other taxes and social security costs 47,102 23,814
Other creditors 1,400 1,293
92,635 50,748
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 28,439 29,730
Obligations under finance lease and hire purchase contracts 41,714 49,041
70,153 78,771
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
L Richardson
Short term loan 13,646 19,481 (13,646) 19,481
M Jaques
Short term loan 8,730 19,581 (8,730) 19,581
22,376 39,062 (22,376) 39,062
8 Other information
Concept Construction (Yorkshire) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Briarlyn Avenue
Huddersfield
United Kingdom
HD3 3NN
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