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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
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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
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CREANE CONSTRUCTION LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,840 
16,098 
Current assets
Debtors
88,075 
29,459 
Cash at bank and in hand
114,407 
121,440 
202,482 
150,899 
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
Deferred tax
(19,704)
- 
Net assets
147,638 
110,895 
Capital and reserves
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
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CREANE CONSTRUCTION LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 July 2024
1,349 
62,995 
3,496 
67,840 
At 31 July 2023
1,798 
10,763 
3,537 
16,098 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
27,323 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,881 
2,509 
Trade debtors
33,300 
- 
Other debtors
25,465 
5,602 
60,646 
8,111 
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 
Accruals
36,194 
7,938 
Deferred income
25,465 
5,602 
88,786 
56,102 
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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 
- 
2024 
2023 
£ 
£ 
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.
9
Share capital
2024 
2023 
£ 
£ 
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).
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