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REGISTERED NUMBER: 04432071 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2023

FOR

CARLEY CONSTRUCTION LIMITED

CARLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 04432071)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CARLEY CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 OCTOBER 2023







DIRECTORS: Mr W R Carley
Mrs C Carley





REGISTERED OFFICE: Unit 2.02, High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 04432071 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

CARLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 04432071)

STATEMENT OF FINANCIAL POSITION
30 OCTOBER 2023

30.10.23 30.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 110,194 88,978
110,194 88,978

CURRENT ASSETS
Inventories 6 118,750 126,529
Debtors 7 198,137 199,406
316,887 325,935
CREDITORS
Amounts falling due within one year 8 249,692 330,468
NET CURRENT ASSETS/(LIABILITIES) 67,195 (4,533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,389

84,445

CREDITORS
Amounts falling due after more than one
year

9

(41,907

)

(114,989

)

PROVISIONS FOR LIABILITIES 10 (20,673 ) (16,787 )
NET ASSETS/(LIABILITIES) 114,809 (47,331 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 114,709 (47,431 )
SHAREHOLDERS' FUNDS 114,809 (47,331 )

CARLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 04432071)

STATEMENT OF FINANCIAL POSITION - continued
30 OCTOBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2023 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.

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 3 September 2024 and were signed on its behalf by:





Mr W R Carley - Director


CARLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 04432071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023


1. STATUTORY INFORMATION

Carley 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

STOCKS
Inventories 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CARLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 04432071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 31 October 2022
and 30 October 2023 8,920
Amortisation
At 31 October 2022
and 30 October 2023 8,920
Net book value
At 30 October 2023 -
At 30 October 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 31 October 2022 194,664 160,737 3,434 358,835
Additions - 53,620 - 53,620
At 30 October 2023 194,664 214,357 3,434 412,455
Depreciation
At 31 October 2022 152,147 114,641 3,069 269,857
Charge for year 10,629 21,576 199 32,404
At 30 October 2023 162,776 136,217 3,268 302,261
Net book value
At 30 October 2023 31,888 78,140 166 110,194
At 30 October 2022 42,517 46,096 365 88,978

CARLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 04432071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2023


6. INVENTORIES
30.10.23 30.10.22
£    £   
Stocks 30,000 24,150
Work-in-progress 88,750 102,379
118,750 126,529

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Trade debtors 130,308 34,512
Other debtors - 64,900
VAT 67,829 99,994
198,137 199,406

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans and overdrafts 34,678 33,493
Hire purchase contracts - 11,208
Social security 81,883 107,516
Trade creditors 30,798 83,422
Tax 23,867 -
Other creditors 56,366 63,226
Directors' current accounts 19,037 28,313
Accruals and deferred income 3,063 3,290
249,692 330,468

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.10.23 30.10.22
£    £   
Bank loans - 1-2 years 20,000 29,000
Bank loans 2-5 years 21,907 76,386
Hire purchase contracts - 9,603
41,907 114,989

10. PROVISIONS FOR LIABILITIES
30.10.23 30.10.22
£    £   
Deferred tax 20,673 16,787

CARLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 04432071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2023


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 31 October 2022 16,787
Provided during year 3,886
Balance at 30 October 2023 20,673

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.10.23 30.10.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 31 October 2022 (47,431 )
Profit for the year 162,140
At 30 October 2023 114,709