IRIS Accounts Production v24.2.0.383 02751970 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027519702023-03-31027519702024-03-31027519702023-04-012024-03-31027519702022-03-31027519702022-04-012023-03-31027519702023-03-3102751970ns15:EnglandWales2023-04-012024-03-3102751970ns14:PoundSterling2023-04-012024-03-3102751970ns10:Director12023-04-012024-03-3102751970ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102751970ns10:SmallEntities2023-04-012024-03-3102751970ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102751970ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102751970ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102751970ns10:FullAccounts2023-04-012024-03-3102751970ns10:Director22023-04-012024-03-3102751970ns10:CompanySecretary12023-04-012024-03-3102751970ns10:RegisteredOffice2023-04-012024-03-3102751970ns5:CurrentFinancialInstruments2024-03-3102751970ns5:CurrentFinancialInstruments2023-03-3102751970ns5:Non-currentFinancialInstruments2024-03-3102751970ns5:Non-currentFinancialInstruments2023-03-3102751970ns5:ShareCapital2024-03-3102751970ns5:ShareCapital2023-03-3102751970ns5:RetainedEarningsAccumulatedLosses2024-03-3102751970ns5:RetainedEarningsAccumulatedLosses2023-03-3102751970ns5:PlantMachinery2023-04-012024-03-3102751970ns5:FurnitureFittings2023-04-012024-03-3102751970ns5:MotorVehicles2023-04-012024-03-3102751970ns5:ComputerEquipment2023-04-012024-03-3102751970ns5:LandBuildings2023-03-3102751970ns5:PlantMachinery2023-03-3102751970ns5:FurnitureFittings2023-03-3102751970ns5:LandBuildings2023-04-012024-03-3102751970ns5:LandBuildings2024-03-3102751970ns5:PlantMachinery2024-03-3102751970ns5:FurnitureFittings2024-03-3102751970ns5:LandBuildings2023-03-3102751970ns5:PlantMachinery2023-03-3102751970ns5:FurnitureFittings2023-03-3102751970ns5:MotorVehicles2023-03-3102751970ns5:ComputerEquipment2023-03-3102751970ns5:MotorVehicles2024-03-3102751970ns5:ComputerEquipment2024-03-3102751970ns5:MotorVehicles2023-03-3102751970ns5:ComputerEquipment2023-03-3102751970ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102751970ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102751970ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3102751970ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3102751970ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3102751970ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3102751970ns5:Secured2024-03-3102751970ns5:Secured2023-03-3102751970ns5:RetainedEarningsAccumulatedLosses2023-03-3102751970ns5:SharePremium2023-03-3102751970ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3102751970ns5:SharePremium2024-03-31
REGISTERED NUMBER: 02751970 (England and Wales)















COASTAL CONSTRUCTION (SOUTH EAST)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






COASTAL CONSTRUCTION (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 02751970)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COASTAL CONSTRUCTION (SOUTH EAST)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A W Leggatt
S C Leggatt





SECRETARY: Mrs I L Leggatt





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 02751970 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

COASTAL CONSTRUCTION (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 02751970)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,732,010 3,715,196

CURRENT ASSETS
Debtors 5 1,272,439 1,197,222
Cash at bank and in hand 118,159 143,404
1,390,598 1,340,626
CREDITORS
Amounts falling due within one year 6 (197,162 ) (163,149 )
NET CURRENT ASSETS 1,193,436 1,177,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,925,446

4,892,673

CREDITORS
Amounts falling due after more than one
year

7

(3,157,757

)

(3,150,000

)

PROVISIONS FOR LIABILITIES (113 ) (113 )
NET ASSETS 1,767,576 1,742,560

CAPITAL AND RESERVES
Called up share capital 201 201
Share premium 9 1,549,960 1,549,960
Retained earnings 9 217,415 192,399
SHAREHOLDERS' FUNDS 1,767,576 1,742,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

COASTAL CONSTRUCTION (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 02751970)

BALANCE SHEET - continued
31 MARCH 2024


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 28 May 2024 and were signed on its behalf by:





A W Leggatt - Director


COASTAL CONSTRUCTION (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 02751970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Coastal Construction (South East) 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixture & Fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

COASTAL CONSTRUCTION (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 02751970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Fixture &
property machinery Fittings
£    £    £   
COST
At 1 April 2023 3,715,074 149 6,616
Additions - - 19,906
At 31 March 2024 3,715,074 149 26,522
DEPRECIATION
At 1 April 2023 - 149 6,434
Charge for year - 2,986 27
At 31 March 2024 - 3,135 6,461
NET BOOK VALUE
At 31 March 2024 3,715,074 (2,986 ) 20,061
At 31 March 2023 3,715,074 - 182

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 7,500 730 3,730,069
Additions - - 19,906
At 31 March 2024 7,500 730 3,749,975
DEPRECIATION
At 1 April 2023 7,560 730 14,873
Charge for year 79 - 3,092
At 31 March 2024 7,639 730 17,965
NET BOOK VALUE
At 31 March 2024 (139 ) - 3,732,010
At 31 March 2023 (60 ) - 3,715,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Coastal Developments Limited 426,722 420,222
Coastal Dev. Greenhill Ltd 845,717 777,000
1,272,439 1,197,222

COASTAL CONSTRUCTION (SOUTH EAST)
LIMITED (REGISTERED NUMBER: 02751970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,290 -
Corporation Tax 9,950 17,700
Social security and other taxes 231 -
Sundry creditors 17,019 1,219
Deposits held 49,677 37,827
Directors' current accounts 108,087 98,494
Accrued expenses 7,908 7,909
197,162 163,149

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,500,000 2,500,000
Bank loans - 2-5 years 650,000 650,000
Hire purchase contracts 7,757 -
3,157,757 3,150,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,150,000 3,150,000

The bank loan is secured against the freehold property of the company.

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 192,399 1,549,960 1,742,359
Profit for the year 58,566 58,566
Dividends (33,550 ) (33,550 )
At 31 March 2024 217,415 1,549,960 1,767,375

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr A W Leggatt, the sole director and majority shareholder.