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REGISTERED NUMBER: 05612139 (England and Wales)












Financial Statements

for the Year Ended 31 March 2024

for

Classic Construction Limited

Classic Construction Limited (Registered number: 05612139)






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


Classic Construction Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P Longdin





REGISTERED OFFICE: Restoration House
46/48 Townley Street
Middleton
Manchester
M24 1AS





REGISTERED NUMBER: 05612139 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Classic Construction Limited (Registered number: 05612139)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 197,644 181,245

CURRENT ASSETS
Debtors 5 79,429 62,331
Cash at bank and in hand 542,462 469,262
621,891 531,593
CREDITORS
Amounts falling due within one year 6 159,125 127,549
NET CURRENT ASSETS 462,766 404,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,410

585,289

PROVISIONS FOR LIABILITIES 12,015 12,471
NET ASSETS 648,395 572,818

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 648,295 572,718
SHAREHOLDERS' FUNDS 648,395 572,818

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 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.

Classic Construction Limited (Registered number: 05612139)

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 director and authorised for issue on 16 July 2024 and were signed by:





P Longdin - Director


Classic Construction Limited (Registered number: 05612139)

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

1. STATUTORY INFORMATION

Classic 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.

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
Revenue 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.
Freehold property - in accordance with the property
Motor vehicles - 25% on reducing balance

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.

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 - 15 ) .

Classic Construction Limited (Registered number: 05612139)

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

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Motor
property vehicles Totals
£    £    £   
COST
At 1 April 2023 130,200 181,513 311,713
Additions - 67,990 67,990
Disposals - (39,181 ) (39,181 )
At 31 March 2024 130,200 210,322 340,522
DEPRECIATION
At 1 April 2023 41,664 88,804 130,468
Charge for year 5,208 38,105 43,313
Eliminated on disposal - (30,903 ) (30,903 )
At 31 March 2024 46,872 96,006 142,878
NET BOOK VALUE
At 31 March 2024 83,328 114,316 197,644
At 31 March 2023 88,536 92,709 181,245

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 79,429 62,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 38,840 69,408
Tax 69,045 23,370
Social security and other taxes 48,663 32,179
Directors' current accounts 92 192
Accrued expenses 2,485 2,400
159,125 127,549