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Registered Number: 13098213
England and Wales

 

 

 

CONSTRUCTION DUTY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Directors Adil Naveed
Adil NAVEED
Registered Number 13098213
Registered Office SUITE 11A.CHALLENGE HOUSE
616 MITCHAM ROAD
CROYDON
CR0 3AA
Accountants WAQAS SADIQ T/A Global Tax Solutions
SUITE 11A,CHALLENGE HOUSE
616 MITCHAM ROAD
LONDON
CR0 3AA
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2023.
Principal activities
Principal activity of the company during the financial year was of ...
Directors
The directors who served the company throughout the year were as follows:
Adil Naveed
Adil NAVEED
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Adil Naveed
Director

Date approved: 11 June 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
WAQAS SADIQ T/A Global Tax Solutions
31 December 2023



....................................................
WAQAS SADIQ
WAQAS SADIQ T/A Global Tax Solutions

SUITE 11A,CHALLENGE HOUSE
616 MITCHAM ROAD
LONDON
CR0 3AA
30 September 2024
3
 
 
Notes
 
2023
£
  2022
£
Turnover 79,355    22,722 
Cost of sales (55,620)   (21,038)
Gross profit 23,735    1,684 
Administrative expenses (20,234)   (2,567)
Operating profit/(loss) 3,501    (883)
Interest payable and similar charges (5,613)  
Profit/(Loss) on ordinary activities before taxation (2,112)   (883)
Tax on profit on ordinary activities  
Profit/(Loss) for the financial year (2,112)   (883)
 
4
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors 3 1,458    3,808 
Cash at bank and in hand   (164)
1,458    3,644 
Creditors: amount falling due within one year 4 (11,674)   (1,127)
Net current assets (10,216)   2,517 
 
Total assets less current liabilities (10,216)   2,517 
Creditors: amount falling due after more than one year 5   (3,400)
Net assets (10,216)   (883)
 

Capital and reserves
     
Reserves 6 (8,104)  
Profit and loss account (2,112)   (883)
Shareholders' funds (10,216)   (883)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 11 June 2024 and were signed on its behalf by:


-------------------------------
Adil Naveed
Director
5
  Revaluation reserve   Retained Earnings   Total
£ £ £
Profit for the year (883) (883)
Total comprehensive income for the year (883) (883)
Total investments by and distributions to owners
At 31 December 2022 (883) (883)
At 01 January 2023
Profit for the year (2,112) (2,112)
Transfers to/from other reserves (8,104) (8,104)
Total comprehensive income for the year (8,104) (2,112) (10,216)
Total investments by and distributions to owners
At 31 December 2023 (8,104) (2,112) (10,216)
6
General Information
CONSTRUCTION DUTY LTD is a private company, limited by shares, registered in England and Wales, registration number 13098213, registration address SUITE 11A.CHALLENGE HOUSE, 616 MITCHAM ROAD, CROYDON, CR0 3AA.

The presentation currency is £ sterling.
1.

Accounting policies

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over years during which the company is expected to benefit.
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees


Average number of employees during the year was 1 (2022 : 1).
3.

Debtors: amounts falling due within one year

2023
£
  2022
£
VAT 1,458    1,763 
1,458    1,763 

3.

Debtors: amounts falling due after one year

2023
£
  2022
£
Directors Loan Accounts   2,045 
  2,045 

4.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 1    1,127 
Directors' Current Accounts 11,673   
11,674    1,127 

5.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts   3,400 
  3,400 

6.

Reserves

2023
£
  2022
£
Transfers to/from Other Reserves (8,104)  
(8,104)  

7