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REGISTERED NUMBER: 09039749 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

CORD CONSTRUCTION LTD

CORD CONSTRUCTION LTD (REGISTERED NUMBER: 09039749)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


CORD CONSTRUCTION LTD

Company Information
for the year ended 30 April 2024







DIRECTOR: B Higgins





SECRETARY: S Higgins





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 09039749 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Cord Construction Ltd

The following reproduces the text of the report prepared for the director 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 Director 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 Cord Construction Ltd for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 director of Cord Construction Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cord Construction Ltd and state those matters that we have agreed to state to the director of Cord Construction Ltd 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 Cord Construction Ltd and its director for our work or for this report.

It is your duty to ensure that Cord Construction Ltd 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 Cord Construction Ltd. You consider that Cord Construction Ltd 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 Cord Construction Ltd. 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


31 January 2025

CORD CONSTRUCTION LTD (REGISTERED NUMBER: 09039749)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,647 53,505

CURRENT ASSETS
Debtors 5 2,325,477 2,774,634
Cash at bank and in hand 706,637 957,950
3,032,114 3,732,584
CREDITORS
Amounts falling due within one year 6 961,029 1,049,088
NET CURRENT ASSETS 2,071,085 2,683,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,209,732

2,737,001

CREDITORS
Amounts falling due after more than one
year

7

(62,440

)

-

PROVISIONS FOR LIABILITIES 10 (33,317 ) (2,658 )
NET ASSETS 2,113,975 2,734,343

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 2,113,875 2,734,243
SHAREHOLDERS' FUNDS 2,113,975 2,734,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CORD CONSTRUCTION LTD (REGISTERED NUMBER: 09039749)

Balance Sheet - continued
30 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 director and authorised for issue on 31 January 2025 and were signed by:





B Higgins - Director


CORD CONSTRUCTION LTD (REGISTERED NUMBER: 09039749)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Cord Construction Ltd 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. 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 net invoiced services for development of building projects excluding value added tax, turnover is recognised when services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Plant and machinery - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CORD CONSTRUCTION LTD (REGISTERED NUMBER: 09039749)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Critical accounting estimates and uncertainties
No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 7 ) .

CORD CONSTRUCTION LTD (REGISTERED NUMBER: 09039749)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor Plant and
equipment vehicles machinery Totals
£    £    £    £   
COST
At 1 May 2023 32,537 154,349 22,718 209,604
Additions 2,613 172,423 - 175,036
Disposals - (166,863 ) - (166,863 )
At 30 April 2024 35,150 159,909 22,718 217,777
DEPRECIATION
At 1 May 2023 20,804 116,679 18,616 156,099
Charge for year 3,036 20,137 1,025 24,198
Eliminated on disposal - (101,167 ) - (101,167 )
At 30 April 2024 23,840 35,649 19,641 79,130
NET BOOK VALUE
At 30 April 2024 11,310 124,260 3,077 138,647
At 30 April 2023 11,733 37,670 4,102 53,505


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 646,250 885,041
Amounts owed by group undertakings 1,181,649 1,689,667
Other debtors 497,578 199,926
2,325,477 2,774,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 20,394 2,018
Trade creditors 604,258 534,693
Taxation and social security 195,621 200,815
Other creditors 140,756 311,562
961,029 1,049,088

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 62,440 -

8. LEASING AGREEMENTS

At the year end, the company was committed to outstanding lease payments of £0 (2023: £2,018).


CORD CONSTRUCTION LTD (REGISTERED NUMBER: 09039749)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

9. SECURED DEBTS

The hire purchase contracts are secured on the relevant assets.

Included in loans is a government backed Bounce Back Loan.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 33,317 2,658

Deferred
tax
£   
Balance at 1 May 2023 2,658
Accelerated capital allowances 30,659
Balance at 30 April 2024 33,317

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the director owed the company £98,185 (2023: £95,652). During the year £2,533
(2023: £98,321) was advanced and £0 (2023: £345,000) was repaid. Included in advanced is
£2,152 interest on this loan, the loan is repayable on demand.

13. PARENT COMPANY

Cord Construction Ltd are a wholly owned subsidiary of Lanercost Group Ltd.