Registered number
03080143
Crickhowell Contractors Limited
Filleted Accounts
31 July 2024
Crickhowell Contractors Limited
Registered number: 03080143
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,329 1,617
Current assets
Stocks 70,000 75,000
Debtors 4 - 23,892
Cash at bank and in hand 11,405 200
81,405 99,092
Creditors: amounts falling due within one year 5 (239,654) (292,774)
Net current liabilities (158,249) (193,682)
Net liabilities (156,920) (192,065)
Capital and reserves
Called up share capital 2 2
Profit and loss account (156,922) (192,067)
Shareholder's funds (156,920) (192,065)
The director is 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 director acknowledges his 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.
Mr. R.T. Jury
Director
Approved by the board on 5 November 2024
Crickhowell Contractors Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Vehicles 20% reducing
Fixtures, fittings, tools and equipment 20% reducing
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 31,882 28,190 60,072
At 31 July 2024 31,882 28,190 60,072
Depreciation
At 1 August 2023 30,819 27,636 58,455
Charge for the year 178 110 288
At 31 July 2024 30,997 27,746 58,743
Net book value
At 31 July 2024 885 444 1,329
At 31 July 2023 1,063 554 1,617
4 Debtors 2024 2023
£ £
Trade debtors - 23,892
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 43,303
Trade creditors - 752
Taxation and social security costs 9,104 5,542
Other creditors 230,550 243,177
239,654 292,774
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr. R.T. Jury
Directors Loan Account (195,024) 49,437 (44,886) (190,473)
(195,024) 49,437 (44,886) (190,473)
7 Controlling party
The company is controlled by the directors by virtue of their shareholdings
8 Other information
Crickhowell Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Snatchwood
Beaufort Road, Llangattock
Crickhowell
Powys
NP8 1LD
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