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REGISTERED NUMBER: 03384452 (England and Wales)














CONTOUR RENOVATING & CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






CONTOUR RENOVATING & CONTRACTORS LIMITED (REGISTERED NUMBER: 03384452)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


CONTOUR RENOVATING & CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr W D Mcguire
Mrs S Mcguire





REGISTERED OFFICE: 4 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN





REGISTERED NUMBER: 03384452 (England and Wales)





ACCOUNTANTS: Marsh Accounting Limited
Chartered Accountants
4 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CONTOUR RENOVATING & CONTRACTORS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Contour Renovating & Contractors Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Contour Renovating & Contractors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Contour Renovating & Contractors Limited and state those matters that we have agreed to state to the Board of Directors of Contour Renovating & Contractors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Contour Renovating & Contractors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Contour Renovating & Contractors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Contour Renovating & Contractors Limited. You consider that Contour Renovating & Contractors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Contour Renovating & Contractors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Marsh Accounting Limited
Chartered Accountants
4 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN


Date: .............................................

CONTOUR RENOVATING & CONTRACTORS LIMITED (REGISTERED NUMBER: 03384452)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 26,658 4,594

CURRENT ASSETS
Stocks 600 600
Debtors 6 32,066 41,806
Cash at bank 1 1
32,667 42,407
CREDITORS
Amounts falling due within one year 7 33,205 45,657
NET CURRENT LIABILITIES (538 ) (3,250 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,120 1,344

CREDITORS
Amounts falling due after more than one year 8 (19,972 ) -

PROVISIONS FOR LIABILITIES (5,065 ) (873 )
NET ASSETS 1,083 471

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 983 371
SHAREHOLDERS' FUNDS 1,083 471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

CONTOUR RENOVATING & CONTRACTORS LIMITED (REGISTERED NUMBER: 03384452)

BALANCE SHEET - continued
31 AUGUST 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 17 January 2025 and were signed on its behalf by:





Mr W D Mcguire - Director


CONTOUR RENOVATING & CONTRACTORS LIMITED (REGISTERED NUMBER: 03384452)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Contour Renovating & Contractors 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.

2. STATEMENT OF COMPLIANCE

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. Contour Renovating & Contractors Limited is a limited company incorporated in England. The addresses of its registered office and principal place of business are disclosed in the company information.

The financial statements are presented in Sterling, which is also the functional currency of the Company.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities of the actual completion of a proportion of the total services to be rendered.

When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation.

Plant and machinery- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33.33% on cost

At each reporting date fixed assets are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit

CONTOUR RENOVATING & CONTRACTORS LIMITED (REGISTERED NUMBER: 03384452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. ACCOUNTING POLICIES - continued

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on an average cost basis. Net realisable value represents estimated sales price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

When stocks are sold, the carrying amount of these stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of write-down of stocks is recognised as a reduction in the
amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation
Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CONTOUR RENOVATING & CONTRACTORS LIMITED (REGISTERED NUMBER: 03384452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 12,626 33,966 7,615 54,207
Additions - 30,950 - 30,950
At 31 August 2024 12,626 64,916 7,615 85,157
DEPRECIATION
At 1 September 2023 12,354 29,644 7,615 49,613
Charge for year 68 8,818 - 8,886
At 31 August 2024 12,422 38,462 7,615 58,499
NET BOOK VALUE
At 31 August 2024 204 26,454 - 26,658
At 31 August 2023 272 4,322 - 4,594

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 30,950
At 31 August 2024 30,950
DEPRECIATION
Charge for year 8,818
At 31 August 2024 8,818
NET BOOK VALUE
At 31 August 2024 22,132

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,516 6,948
Other debtors 10,550 34,858
32,066 41,806

CONTOUR RENOVATING & CONTRACTORS LIMITED (REGISTERED NUMBER: 03384452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,645 14,243
Hire purchase contracts 8,735 -
Trade creditors 1,669 3,260
Taxation and social security 5,656 9,769
Other creditors 2,500 18,385
33,205 45,657

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,972 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 14,645 14,243
Hire purchase contracts 28,707 -
43,352 14,243

The hire purchase liabilities are secured on the assets to which they relate.

10. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £5,477 (2023 - £29,570) due from Mr & Mrs Mcguire, directors & shareholders of the company. Interest of £370 (2023 - £639) has been charged on this loan in accordance with HM Revenue and Customs beneficial loan rates.

This loan is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by it's directors.