Registered number
07497934
Cotswold Building Limited
Report and Unaudited Accounts
31 March 2024
Collins
Chartered Accountants
West Midlands
Cotswold Building Limited
Registered number: 07497934
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 51,514 89,950
Current assets
Debtors 4 68,000 25,419
Cash at bank and in hand 76,728 103,098
144,728 128,517
Creditors: amounts falling due within one year 5 (28,438) (17,159)
Net current assets 116,290 111,358
Total assets less current liabilities 167,804 201,308
Creditors: amounts falling due after more than one year 6 (33,948) (39,444)
Net assets 133,856 161,864
Capital and reserves
Called up share capital 1 1
Profit and loss account 133,855 161,863
Shareholder's funds 133,856 161,864
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Charles Samuel Croft Smith
Director
Approved by the board on 28 November 2024
Cotswold Building Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Motor Vehicle 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 96,857 91,086 187,943
Disposals (4,794) (26,365) (31,159)
At 31 March 2024 92,063 64,721 156,784
Depreciation
At 1 April 2023 62,434 35,559 97,993
Charge for the year 12,744 12,577 25,321
On disposals (4,808) (13,236) (18,044)
At 31 March 2024 70,370 34,900 105,270
Net book value
At 31 March 2024 21,693 29,821 51,514
At 31 March 2023 34,423 55,527 89,950
4 Debtors 2024 2023
£ £
Trade debtors 68,000 25,000
Corporation Tax Repayable - -
Other debtors - 419
68,000 25,419
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,000 5,000
Corporation tax 7,020 2,793
Other taxes and social security costs 1,094 -
Directors loans 10,653 7,297
Accruals and deferred income 2,000 2,069
Other creditors 2,671 -
28,438 17,159
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 33,948 39,444
7 Pension commitments
The company operates a defined contribution auto- enrolement scheme in respect of employees. The pension cost charge represents contributions payable by the company and amounted to £439 (2023: £957)
8 Other information
Cotswold Building Limited is a private company limited by shares and incorporated in England. Its registered office is:
Shaw Green
Cotton Lane
Aston-Under-Hill
Evesham
WR11 7SS
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