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REGISTERED NUMBER: 03935129 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

COLEMAN CONSTRUCTION & UTILITIES LIMITED

COLEMAN CONSTRUCTION & UTILITIES LIMITED (REGISTERED NUMBER: 03935129)






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


COLEMAN CONSTRUCTION & UTILITIES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B R Coleman
Mrs C Coleman





SECRETARY: D J Jenkins





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 03935129 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

COLEMAN CONSTRUCTION & UTILITIES LIMITED (REGISTERED NUMBER: 03935129)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 782,669 884,114

CURRENT ASSETS
Stocks - 70,121
Debtors 5 2,202,747 1,673,076
Cash at bank 391,831 5,091
2,594,578 1,748,288
CREDITORS
Amounts falling due within one year 6 997,235 555,526
NET CURRENT ASSETS 1,597,343 1,192,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,380,012

2,076,876

CREDITORS
Amounts falling due after more than one
year

7

(27,089

)

(63,240

)

PROVISIONS FOR LIABILITIES (59,968 ) (63,766 )
NET ASSETS 2,292,955 1,949,870

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,292,953 1,949,868
SHAREHOLDERS' FUNDS 2,292,955 1,949,870

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.

COLEMAN CONSTRUCTION & UTILITIES LIMITED (REGISTERED NUMBER: 03935129)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





B R Coleman - Director


COLEMAN CONSTRUCTION & UTILITIES LIMITED (REGISTERED NUMBER: 03935129)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Coleman Construction & Utilities 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 5% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

COLEMAN CONSTRUCTION & UTILITIES LIMITED (REGISTERED NUMBER: 03935129)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 571,616 690,991 1,262,607
Additions - 15,000 15,000
Disposals - (75,578 ) (75,578 )
Reclassification/transfer (571,616 ) 571,616 -
At 31 March 2024 - 1,202,029 1,202,029
DEPRECIATION
At 1 April 2023 30,817 347,676 378,493
Charge for year - 74,314 74,314
Eliminated on disposal - (33,447 ) (33,447 )
Reclassification/transfer (30,817 ) 30,817 -
At 31 March 2024 - 419,360 419,360
NET BOOK VALUE
At 31 March 2024 - 782,669 782,669
At 31 March 2023 540,799 343,315 884,114

COLEMAN CONSTRUCTION & UTILITIES LIMITED (REGISTERED NUMBER: 03935129)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 235,100
Disposals (34,945 )
Transfer to ownership (165,210 )
At 31 March 2024 34,945
DEPRECIATION
At 1 April 2023 95,348
Charge for year 8,872
Eliminated on disposal (8,326 )
Transfer to ownership (82,244 )
At 31 March 2024 13,650
NET BOOK VALUE
At 31 March 2024 21,295
At 31 March 2023 139,752

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 624,682 397,728
Amounts recoverable on contracts 800,230 648,841
Other debtors 284,822 261,383
Directors' current accounts 171,022 231,765
VAT 244,798 118,338
Prepayments 18,875 15,021
2,144,429 1,673,076

Amounts falling due after more than one year:
Tax 58,318 -

Aggregate amounts 2,202,747 1,673,076

COLEMAN CONSTRUCTION & UTILITIES LIMITED (REGISTERED NUMBER: 03935129)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,228 26,594
Hire purchase contracts 8,042 14,763
Trade creditors 683,040 422,366
Tax 180,517 38,003
Social security and other taxes 17,835 20,788
Other creditors & accruals 98,573 33,012
997,235 555,526

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 16,146 25,433
Hire purchase contracts 10,943 37,807
27,089 63,240

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
B R Coleman
Balance outstanding at start of year 231,765 233,628
Amounts advanced - 231,765
Amounts repaid (60,743 ) (233,628 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 171,022 231,765