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Registration number: 12712474

C Cockman Building and Bricklaying Contractors Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 July 2023

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Company Information

Director

Mr C C Cockman

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

92,618

123,302

Current assets

 

Stocks

5

2,000

2,000

Debtors

6

97,010

109,652

Cash at bank and in hand

 

33,139

43,938

 

132,149

155,590

Creditors: Amounts falling due within one year

7

(93,865)

(74,474)

Net current assets

 

38,284

81,116

Total assets less current liabilities

 

130,902

204,418

Creditors: Amounts falling due after more than one year

7

(50,226)

(67,022)

Provisions for liabilities

(22,653)

(20,872)

Net assets

 

58,023

116,524

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

57,923

116,424

Total equity

 

58,023

116,524

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Balance Sheet as at 31 July 2023

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 31 July 2024
 

.........................................
Mr C C Cockman
Director

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

Straightline 20%

Motor vehicles

Straightline 20%

Plant and machinery

Straightline 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 5).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 August 2022

2,564

125,009

49,037

176,610

Additions

544

13,431

604

14,579

Disposals

-

(17,500)

-

(17,500)

At 31 July 2023

3,108

120,940

49,641

173,689

Depreciation

At 1 August 2022

883

40,935

11,490

53,308

Charge for the year

647

24,188

9,928

34,763

Eliminated on disposal

-

(7,000)

-

(7,000)

At 31 July 2023

1,530

58,123

21,418

81,071

Carrying amount

At 31 July 2023

1,578

62,817

28,223

92,618

At 31 July 2022

1,681

84,074

37,547

123,302



Hire purchase agreements
Included within the net book value of £92,618, £77,248 is relating to assets held under hire purchase agreements.

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Stocks

2023
£

2022
£

Other stocks

2,000

2,000

6

Debtors

2023
£

2022
£

Trade debtors

9,726

7,112

Other debtors

87,284

102,540

Total current trade and other debtors

97,010

109,652

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

16,674

16,674

Trade creditors

 

20,062

27,761

Taxation and social security

 

48,880

30,569

Other creditors

 

4,513

(2,293)

Accrued expenses

 

3,736

1,763

 

93,865

74,474

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

50,226

67,022

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

16,674

16,674

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

50,226

67,022

 

C Cockman Building and Bricklaying Contractors Limited
(Registration number: 12712474)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

9

Related party transactions

2023

At 1 August 2022
£

Advances to director
£

Repayments by director
£

At 31 July 2023
£

Interest free loan repayable on demand

58,566

99,694

(75,065)

83,195

 

58,566

99,694

(75,065)

83,195

       

 

2022

At 1 August 2021
£

Advances to director
£

Repayments by director
£

At 31 July 2022
£

Interest free loan repayable on demand

3,598

83,366

(28,398)

58,566

 

3,598

83,366

(28,398)

58,566