BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is to carry on and develop the trade of builders, construction work, land development, timber merchants, shop fitters and joiners. 25 September 2024 19 23 NI067727 2023-12-31 NI067727 2022-12-31 NI067727 2021-12-31 NI067727 2023-01-01 2023-12-31 NI067727 2022-01-01 2022-12-31 NI067727 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI067727 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI067727 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI067727 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 NI067727 uk-core:ShareCapital 2023-12-31 NI067727 uk-core:ShareCapital 2022-12-31 NI067727 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI067727 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI067727 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI067727 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI067727 uk-bus:FRS102 2023-01-01 2023-12-31 NI067727 uk-core:Goodwill 2023-01-01 2023-12-31 NI067727 uk-core:LandBuildings 2023-01-01 2023-12-31 NI067727 uk-core:PlantMachinery 2023-01-01 2023-12-31 NI067727 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI067727 uk-core:MotorVehicles 2023-01-01 2023-12-31 NI067727 uk-core:Goodwill 2022-12-31 NI067727 uk-core:Goodwill 2023-12-31 NI067727 2023-01-01 2023-12-31 NI067727 uk-bus:Director1 2023-01-01 2023-12-31 NI067727 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Carnview Construction Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023



Carnview Construction Limited
Company Registration Number: NI067727
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 625,461 446,048
───────── ─────────
 
Current Assets
Stocks 165,000 125,000
Debtors 260,532 232,454
Cash and cash equivalents 22,679 -
───────── ─────────
448,211 357,454
───────── ─────────
Creditors: amounts falling due within one year (768,647) (478,222)
───────── ─────────
Net Current Liabilities (320,436) (120,768)
───────── ─────────
Total Assets less Current Liabilities 305,025 325,280
 
Creditors:
amounts falling due after more than one year (127,177) (178,281)
 
Provisions for liabilities (53,394) (42,335)
───────── ─────────
Net Assets 124,454 104,664
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 124,452 104,662
───────── ─────────
Shareholders' Funds 124,454 104,664
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 25 September 2024
           
           
________________________________          
Mr. Kevin Hughes          
Director          
           



Carnview Construction Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Carnview Construction Limited is a private company limited by shares incorporated in Northern Ireland. 16 Carn Road, Meigh, Newry, Co. Down, BT35 8QZ, Northern Ireland is the registered office, which is also the principal place of business of the company. The registration number of the company is NI067727.

These financial statements cover the individual entity for the year ended 31st December 2023.

The financial statements have been presented in Pounds Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight Line
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was;
 
  2023 2022
  Number Number
 
Employees 19 23
  ═════════ ═════════
     
4. Intangible assets
   
  Goodwill
  £
Cost
At 1 January 2023 20,000
  ─────────
 
At 31 December 2023 20,000
  ─────────
Amortisation
 
At 31 December 2023 20,000
  ─────────
Net book value
At 31 December 2023 -
  ═════════
             
5. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 January 2023 190,000 320,801 28,399 123,050 662,250
Additions 185,000 62,500 - - 247,500
Disposals - (32,750) - - (32,750)
  ───────── ───────── ───────── ───────── ─────────
At 31 December 2023 375,000 350,551 28,399 123,050 877,000
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2023 - 144,404 18,982 52,816 216,202
Charge for the financial year 3,800 41,061 1,883 14,046 60,790
On disposals - (25,453) - - (25,453)
  ───────── ───────── ───────── ───────── ─────────
At 31 December 2023 3,800 160,012 20,865 66,862 251,539
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 December 2023 371,200 190,539 7,534 56,188 625,461
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 December 2022 190,000 176,397 9,417 70,234 446,048
  ═════════ ═════════ ═════════ ═════════ ═════════
           
5.1. Tangible assets continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2023   2022  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Plant and machinery 29,627 7,406 37,035 9,259
Motor vehicles 18,538 4,634 23,173 5,793
  ───────── ───────── ───────── ─────────
  48,165 12,040 60,208 15,052
  ═════════ ═════════ ═════════ ═════════
       
6. Pension Commitments
 
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet there was an outstanding liability of £2,036 due to the fund, this is included in creditors amounts falling due within one year.