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COMPANY REGISTRATION NUMBER: 08739046
Custom Construction Services Oxon Limited
Filleted Unaudited Financial Statements
31 March 2024
Custom Construction Services Oxon Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
58,188
64,688
Current assets
Stocks
5,600
5,600
Debtors
6
225,657
202,276
Cash at bank and in hand
90,437
96,862
---------
---------
321,694
304,738
Creditors: amounts falling due within one year
7
207,819
177,386
---------
---------
Net current assets
113,875
127,352
---------
---------
Total assets less current liabilities
172,063
192,040
Creditors: amounts falling due after more than one year
8
9,406
20,386
---------
---------
Net assets
162,657
171,654
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
162,557
171,554
---------
---------
Shareholders funds
162,657
171,654
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Custom Construction Services Oxon Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Mr D Clack
Director
Company registration number: 08739046
Custom Construction Services Oxon Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxfordshire, OX26 6QB, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 2 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2023
15,459
89,787
105,246
Additions
2,750
9,175
423
12,348
--------
--------
----
---------
At 31 March 2024
18,209
98,962
423
117,594
--------
--------
----
---------
Depreciation
At 1 April 2023
11,408
29,150
40,558
Charge for the year
1,586
17,262
18,848
--------
--------
----
---------
At 31 March 2024
12,994
46,412
59,406
--------
--------
----
---------
Carrying amount
At 31 March 2024
5,215
52,550
423
58,188
--------
--------
----
---------
At 31 March 2023
4,051
60,637
64,688
--------
--------
----
---------
6. Debtors
2024
2023
£
£
Trade debtors
11,799
2,023
Other debtors
213,858
200,253
---------
---------
225,657
202,276
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,500
2,500
Trade creditors
92,108
53,755
Corporation tax
59,405
57,585
Social security and other taxes
46,056
54,888
Other creditors
7,750
8,658
---------
---------
207,819
177,386
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,489
3,573
Other creditors
7,917
16,813
-------
--------
9,406
20,386
-------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr D Clack
( 579)
156,321
( 149,342)
6,400
----
---------
---------
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr D Clack
( 115,110)
245,967
( 131,436)
( 579)
---------
---------
---------
----