Craig Massey Builders Ltd |
Registered Number:06294611 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Craig Massey Builders Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Craig Massey Builders Ltd
Statement of Financial Position
2023
2024
5,850
7,650
2
Property, plant and equipment |
4,249
5,713
3
10,099
13,363
Trade and other receivables |
101,120
10,000
4
17,252
Cash and cash equivalents |
108,388
118,388
118,372
Trade and other payables: amounts falling due within one |
year |
(31,243)
(17,327)
5
87,129
101,061
Net current assets
Total assets less current liabilities |
111,160
100,492
Trade and other payables: amounts falling due after more |
than one year |
-
(21)
6
(807)
(1,085)
Provisions for liabilities |
110,332
Net assets
99,407
4
4
110,328
99,403
110,332
99,407
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2024
Craig Massey Builders Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 15 October 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Craig Massey Builders Ltd
Notes to the Financial Statements
Statutory Information
Craig Massey Builders Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 06294611. |
87 Wepre Park
Connahs Quay
Deeside
Flintshire
CH5 4HL
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of 20 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
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: |
Plant and machinery
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 March 2024
Craig Massey Builders Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
36,000
36,000
28,350
1,800
Charge for year
30,150
5,850
7,650
3. Property, plant and equipment |
Motor vehicles
16,532
13,274
3,258
3,258
13,274
16,532
Provision for depreciation and impairment |
10,819
9,136
1,683
Charge for year
1,464
1,138
326
12,283
10,274
2,009
1,249
3,000
4,249
1,575
4,138
5,713
4. Trade and other receivables |
2023
2024
-
28,000
Prepayments and accrued income |
10,000
-
Amounts owed by directors |
-
73,120
101,120
10,000
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For the year ended 31 March 2024
Craig Massey Builders Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
4,735
2,062
Taxation and social security |
12,592
29,181
17,327
31,243
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
-
21
7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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