Company Registration No. 13538268 (England and Wales)
CREANE CONSTRUCTION LIMITED
Unaudited accounts
for the year ended 31 July 2024
CREANE CONSTRUCTION LIMITED
Unaudited accounts
Contents
CREANE CONSTRUCTION LIMITED
Company Information
for the year ended 31 July 2024
Director
Christopher Creane
Company Number
13538268 (England and Wales)
Registered Office
112-113 HIGH STREET
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
CREANE CONSTRUCTION LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
67,840
16,098
Cash at bank and in hand
114,407
121,440
Creditors: amounts falling due within one year
(88,786)
(56,102)
Net current assets
113,696
94,797
Total assets less current liabilities
181,536
110,895
Creditors: amounts falling due after more than one year
(14,194)
-
Provisions for liabilities
Net assets
147,638
110,895
Called up share capital
100
100
Profit and loss account
147,538
110,795
Shareholders' funds
147,638
110,895
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 August 2024 and were signed on its behalf by
Christopher Creane
Director
Company Registration No. 13538268
CREANE CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 31 July 2024
CREANE CONSTRUCTION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13538268. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
CREANE CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
3,195
19,000
6,155
28,350
Additions
-
73,231
1,124
74,355
At 31 July 2024
3,195
92,231
7,279
102,705
At 1 August 2023
1,397
8,237
2,618
12,252
Charge for the year
449
20,999
1,165
22,613
At 31 July 2024
1,846
29,236
3,783
34,865
At 31 July 2024
1,349
62,995
3,496
67,840
At 31 July 2023
1,798
10,763
3,537
16,098
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Other debtors
25,465
5,602
Amounts falling due after more than one year
Other debtors
27,429
21,348
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,625
-
Trade creditors
9,442
24,694
Taxes and social security
11,060
17,868
Deferred income
25,465
5,602
CREANE CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 31 July 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
14,194
-
Hire Purchase falling due after 1 year.
Yr 2. £6,625
Yr 3. £6,625
Yr 4. £944
8
Deferred taxation
2024
2023
Accelerated capital allowances
19,704
-
Charged to the profit and loss account
19,704
-
Provision at end of year
19,704
-
A deferred taxation reserve has been created due to accelerated capital allowances of some £19.704 cumulative to date.
This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).