Company Registration No. 11304401 (England and Wales)
Faulkner Construction Ltd.
Unaudited accounts
for the year ended 31 March 2024
Faulkner Construction Ltd.
Unaudited accounts
Contents
Faulkner Construction Ltd.
Company Information
for the year ended 31 March 2024
Company Number
11304401 (England and Wales)
Registered Office
Greenwood
Kingsclere Road
Whitchurch
RG28 7QB
Accountants
Black & White Chartered Certified Accountants
2-3 Stable Court
Herriard Park
Herriard
Hampshire
RG25 2PL
Faulkner Construction Ltd.
Statement of financial position
as at 31 March 2024
Tangible assets
75,272
37,716
Cash at bank and in hand
1,891
71,734
Creditors: amounts falling due within one year
(29,596)
(31,782)
Net current (liabilities)/assets
(11,436)
42,850
Total assets less current liabilities
63,836
80,566
Creditors: amounts falling due after more than one year
(22,658)
(25,582)
Called up share capital
1
1
Profit and loss account
41,177
54,983
Shareholders' funds
41,178
54,984
For the year ending 31 March 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 19 September 2024 and were signed on its behalf by
Robert Faulkner
Director
Company Registration No. 11304401
Faulkner Construction Ltd.
Notes to the Accounts
for the year ended 31 March 2024
Faulkner Construction Ltd. is a private company, limited by shares, registered in England and Wales, registration number 11304401. The registered office is Greenwood, Kingsclere Road, Whitchurch, RG28 7QB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
17,683
99,644
117,327
At 31 March 2024
80,330
99,644
179,974
At 1 April 2023
5,670
73,941
79,611
Charge for the year
18,665
6,426
25,091
At 31 March 2024
24,335
80,367
104,702
At 31 March 2024
55,995
19,277
75,272
At 31 March 2023
12,013
25,703
37,716
Amounts falling due within one year
Trade debtors
16,269
2,898
Faulkner Construction Ltd.
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,093
11,093
Obligations under finance leases and hire purchase contracts
8,776
556
Trade creditors
9,067
5,445
Taxes and social security
(6,653)
12,120
Loans from directors
4,190
-
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,084
-
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).