for the Period Ended 30 April 2024
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 12 |
for the Period Ended 30 April 2024
Director: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 30 April 2024
Principal Activities
Directors
The directors shown below have held office during the whole of the period from 01 May 2023 to 30 April 2024
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 30 April 2024
Notes |
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2023 £ |
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Turnover |
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Cost of sales |
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Gross Profit or (Loss) |
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Income from coronavirus (COVID-19) business support grants | 0 | 0 | |
Distribution Costs |
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Administrative Expenses |
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Other operating income |
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Operating Profit or (Loss) |
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Interest Receivable and Similar Income |
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Interest Payable and Similar Charges |
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Profit or (Loss) Before Tax |
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Tax on Profit |
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Profit or (Loss) for Period |
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The notes form part of these financial statements
As at
Notes |
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2023 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 5 |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 30 April 2024
Notes |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 April 2024
Basis of measurement and preparation
Turnover policy
Revenue on property sales is recognised when the significant risks and rewards of ownership have been transferred to the purchaser which will normally occur at handover/legal completion. Revenue is recognised at the fair value of the consideration received or receivable on legal completion. As no property has been sold in the period, Turnover is nil.
Tangible fixed assets depreciation policy
Tangible fixed assets over the value of £100 are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: Plant and equipment used on construction sites has an estimated useful life 2 years so is depreciated on a 50% straight line basis, with the depreciation cost recognised as part of the costs of inventories.
Office equipment has an estimated useful life 4 years so is depreciated on a 25% straight line basis, with the depreciation cost recognised in the profit and loss statement.
Land is not depreciated. Land and property held for development is held as work in progress in inventories.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.
At each reporting end date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value-in-use. Any impairment loss and reversal of losses are recognised in the profit and loss account.
for the Period Ended 30 April 2024
Other accounting policies
for the Period Ended 30 April 2024
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Average number of employees during the period |
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for the Period Ended 30 April 2024
for the Period Ended 30 April 2024
Plant & machinery | Total | |
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Cost | £ | £ |
At 01 May 2023 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2024 |
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Depreciation | ||
At 01 May 2023 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 30 April 2024 |
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Net book value | ||
At 30 April 2024 |
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At 30 April 2023 |
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Tangible fixed assets over the value of £100 are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: Plant and equipment used on construction sites has an estimated useful life 2 years so is depreciated on a 50% straight line basis, with the depreciation cost recognised as part of the costs of inventories.
Office equipment has an estimated useful life 4 years so is depreciated on a 25% straight line basis, with the depreciation cost recognised in the profit and loss statement.
Land is not depreciated. Land and property held for development is held as work in progress in inventories.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.
At each reporting end date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value-in-use. Any impairment loss and reversal of losses are recognised in the profit and loss account.
for the Period Ended 30 April 2024
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Other creditors |
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Total |
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