Registered number
05570308
C&G Building Contractors (UK) Ltd
Filleted Abridged Accounts
for the year ended
31 March 2024
C&G Building Contractors (UK) Ltd
Registered number: 05570308
Abridged Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 12,000 15,400
Office improvements 600 800
12,601 16,201
Current assets
Stocks 630 540
Work in progress 215,000 199,000
Debtors 1,229 5,870
Cash at bank 17,183 114,787
Cash in hand 204 300
234,246 320,497
Creditors: amounts falling due within one year (77,770) (85,591)
Net current assets 156,476 234,906
Total assets less current liabilities 169,077 251,107
Creditors: amounts falling due after more than one year (22,500) (32,500)
Provisions for liabilities (2,255) (2,893)
Net assets 144,322 215,714
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 124,322 195,714
Shareholders' funds 144,322 215,714
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
.................................................
G Hellyer
Director
Approved by the board on 9 October 2024
C&G Building Contractors (UK) Ltd
Notes to the Abridged Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 5,000
At 31 March 2024 5,000
Amortisation
At 1 April 2023 4,999
At 31 March 2024 4,999
Net book value
At 31 March 2024 1
At 31 March 2023 1
4 Tangible fixed assets
Total
£
Cost
At 1 April 2023 61,782
At 31 March 2024 61,782
Depreciation
At 1 April 2023 46,382
Charge for the year 3,400
At 31 March 2024 49,782
Net book value
At 31 March 2024 12,000
At 31 March 2023 15,400
5 Other information
C&G Building Contractors (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 London Road
Widley
Waterlooville
Hampshire
PO7 5AS
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