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REGISTERED NUMBER: 05556426 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CORINIUM CONSTRUCTION LIMITED

CORINIUM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05556426)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORINIUM CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: J Stanley
Mrs E Stanley





SECRETARY: Mrs E Stanley





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 05556426 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

CORINIUM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05556426)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,223,266 145,220
1,223,266 145,220

CURRENT ASSETS
Stocks 239,271 264,233
Debtors 6 259,438 541,674
Cash at bank 265,747 843,368
764,456 1,649,275
CREDITORS
Amounts falling due within one year 7 505,250 521,374
NET CURRENT ASSETS 259,206 1,127,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,482,472

1,273,121

CREDITORS
Amounts falling due after more than one year 8 12,347 22,845
NET ASSETS 1,470,125 1,250,276

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,470,025 1,250,176
SHAREHOLDERS' FUNDS 1,470,125 1,250,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

CORINIUM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05556426)

BALANCE SHEET - continued
31ST MARCH 2024


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 27th September 2024 and were signed on its behalf by:





J Stanley - Director


CORINIUM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05556426)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Corinium 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four 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 etc - 33.33% straight line, 25% on reducing balance, 15% on reducing balance and Straight line over 20 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

CORINIUM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05556426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2023
and 31st March 2024 11,200
AMORTISATION
At 1st April 2023
and 31st March 2024 11,200
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

CORINIUM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05556426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 - 308,019 308,019
Additions 1,097,928 4,955 1,102,883
Disposals - (12,404 ) (12,404 )
At 31st March 2024 1,097,928 300,570 1,398,498
DEPRECIATION
At 1st April 2023 - 162,799 162,799
Charge for year - 23,967 23,967
Eliminated on disposal - (11,534 ) (11,534 )
At 31st March 2024 - 175,232 175,232
NET BOOK VALUE
At 31st March 2024 1,097,928 125,338 1,223,266
At 31st March 2023 - 145,220 145,220

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 245,206 528,159
Other debtors 14,232 13,515
259,438 541,674

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,093 9,625
Trade creditors 218,803 135,017
Taxation and social security 180,372 309,449
Other creditors 95,982 67,283
505,250 521,374

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,347 22,845

CORINIUM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05556426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

10. RESERVES
Retained
earnings
£   

At 1st April 2023 1,250,176
Profit for the year 379,849
Dividends (160,000 )
At 31st March 2024 1,470,025