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REGISTERED NUMBER: 03840086 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CALCOTT CONSTRUCTION LIMITED

CALCOTT CONSTRUCTION LIMITED (REGISTERED NUMBER: 03840086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALCOTT CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: P A Calcott





SECRETARY: Mrs D L Calcott





REGISTERED OFFICE: 32 The Square
Gillingham
Dorset
SP8 4AR





REGISTERED NUMBER: 03840086 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
32 The Square
Gillingham
Dorset
SP8 4AR

CALCOTT CONSTRUCTION LIMITED (REGISTERED NUMBER: 03840086)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,231 81,726

CURRENT ASSETS
Stocks 5 131,062 26,860
Debtors 6 126,058 113,179
Cash at bank and in hand 11,987 44,778
269,107 184,817
CREDITORS
Amounts falling due within one year 7 257,629 115,845
NET CURRENT ASSETS 11,478 68,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,709

150,698

CREDITORS
Amounts falling due after more than one
year

8

(23,761

)

(17,970

)

PROVISIONS FOR LIABILITIES (21,307 ) (20,431 )
NET ASSETS 51,641 112,297

CAPITAL AND RESERVES
Called up share capital 10 4 4
Capital redemption reserve 1 1
Retained earnings 51,636 112,292
SHAREHOLDERS' FUNDS 51,641 112,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CALCOTT CONSTRUCTION LIMITED (REGISTERED NUMBER: 03840086)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 9 September 2024 and were signed by:





P A Calcott - Director


CALCOTT CONSTRUCTION LIMITED (REGISTERED NUMBER: 03840086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Calcott Construction 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 represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised in the period to which it relates.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stock, work in progress and long term contracts
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.

Revenue from long-term contracts is recognised on the basis of work completed, estimated at the balance sheet date. Profit on long-term contracts is taken only when their outcome can be foreseen with reasonable certainty and is based upon the appropriate proportion of the expected overall profit at completion of the contract. Foreseeable losses on contracts in progress at the balance sheet date are recognised in full.

Financial instruments
Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


CALCOTT CONSTRUCTION LIMITED (REGISTERED NUMBER: 03840086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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 12 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 56,963 6,515 220,057 283,535
Additions 3,785 350 27,057 31,192
At 31 December 2023 60,748 6,865 247,114 314,727
DEPRECIATION
At 1 January 2023 37,230 4,639 159,940 201,809
Charge for year 5,456 543 21,688 27,687
At 31 December 2023 42,686 5,182 181,628 229,496
NET BOOK VALUE
At 31 December 2023 18,062 1,683 65,486 85,231
At 31 December 2022 19,733 1,876 60,117 81,726

CALCOTT CONSTRUCTION LIMITED (REGISTERED NUMBER: 03840086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 84,647
Additions 27,057
Transfer to ownership (19,946 )
At 31 December 2023 91,758
DEPRECIATION
At 1 January 2023 45,340
Charge for year 15,191
Transfer to ownership (14,347 )
At 31 December 2023 46,184
NET BOOK VALUE
At 31 December 2023 45,574
At 31 December 2022 39,307

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 9,875 11,538
Work-in-progress 121,187 15,322
131,062 26,860

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 68,813 49,392
Amounts recoverable on contract 35,486 54,184
Other debtors 21,759 9,603
126,058 113,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 15,320 16,239
Trade creditors 81,576 38,216
Taxation and social security 22,678 49,373
Other creditors 138,055 12,017
257,629 115,845

CALCOTT CONSTRUCTION LIMITED (REGISTERED NUMBER: 03840086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 23,761 17,970

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 39,081 34,209

Hire purchase contracts are secured on the asset to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
4 Ordinary £1 4 4