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REGISTERED NUMBER: 07629697 (England and Wales)













CREMIN CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






CREMIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07629697)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CREMIN CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: S K Cremin
Mrs C Cremin





REGISTERED OFFICE: 3 Lyttleton Court
Birmingham Street
Halesowen
West Midlands
B63 3HN





REGISTERED NUMBER: 07629697 (England and Wales)





ACCOUNTANTS: CUTTER & CO LTD
CHARTERED ACCOUNTANTS
3 Lyttleton Court
Birmingham Street
Halesowen
West Midlands
B63 3HN

CREMIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07629697)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,789 94,460

CURRENT ASSETS
Stocks 5 26,970 33,500
Debtors 6 94,995 151,954
Cash at bank 131,135 183,683
253,100 369,137
CREDITORS
Amounts falling due within one year 7 124,720 183,765
NET CURRENT ASSETS 128,380 185,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,169

279,832

PROVISIONS FOR LIABILITIES 34,947 23,615
NET ASSETS 233,222 256,217

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 233,220 256,215
SHAREHOLDERS' FUNDS 233,222 256,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

CREMIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07629697)

BALANCE SHEET - continued
30TH APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st November 2024 and were signed on its behalf by:





S K Cremin - Director


CREMIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07629697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Cremin 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the revenue recognised by the company in respect of the sale of building and construction materials and services, excluding value added tax. Where a job has been partially completed at the balance sheet date, turnover represents the value of the service provided to date.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer and office equipment - 33% on cost

Stocks and work in progress
Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work in progress

When the outcome of a transaction involving the rendering of services can be estimated reliably, revenue is calculated by reference to the stage (or percentage) of completion of the transaction at the end of the reporting period. When the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

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.

CREMIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07629697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
and
Plant and Motor office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2023 96,770 134,057 12,782 243,609
Additions 28,011 65,033 1,498 94,542
Disposals (16,904 ) (348 ) - (17,252 )
At 30th April 2024 107,877 198,742 14,280 320,899
DEPRECIATION
At 1st May 2023 64,996 73,282 10,871 149,149
Charge for year 11,587 31,151 1,539 44,277
Eliminated on disposal (12,014 ) (302 ) - (12,316 )
At 30th April 2024 64,569 104,131 12,410 181,110
NET BOOK VALUE
At 30th April 2024 43,308 94,611 1,870 139,789
At 30th April 2023 31,774 60,775 1,911 94,460

5. STOCKS
2024 2023
£    £   
Stocks 4,500 3,500
Work-in-progress 22,470 30,000
26,970 33,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,410 75,622
Other debtors - 71,000
Prepayments 5,585 5,332
94,995 151,954

CREMIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07629697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,129 47,802
Corporation tax 31,457 47,966
Social security and other taxes 3,920 5,390
VAT 31,036 26,212
Directors' current accounts 2,986 35
Accrued expenses 25,192 56,360
124,720 183,765

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its directors.