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REGISTERED NUMBER: 06476865 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

C B CONSTRUCTION (EAST ANGLIA) LTD

C B CONSTRUCTION (EAST ANGLIA) LTD (REGISTERED NUMBER: 06476865)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C B CONSTRUCTION (EAST ANGLIA) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr C J Buckmaster
Mrs M R Buckmaster





SECRETARY: Mrs M R Buckmaster





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 06476865 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

C B CONSTRUCTION (EAST ANGLIA) LTD (REGISTERED NUMBER: 06476865)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 62,195 68,445
62,195 68,445

CURRENT ASSETS
Stocks 6 1,920 2,113
Debtors 7 9,064 20,500
Cash at bank 44,636 18,163
55,620 40,776
CREDITORS
Amounts falling due within one year 8 34,700 21,773
NET CURRENT ASSETS 20,920 19,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,115

87,448

CREDITORS
Amounts falling due after more than one
year

9

61,560

103,050
NET ASSETS/(LIABILITIES) 21,555 (15,602 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,455 (15,702 )
SHAREHOLDERS' FUNDS 21,555 (15,602 )

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

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

C B CONSTRUCTION (EAST ANGLIA) LTD (REGISTERED NUMBER: 06476865)

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





Mr C J Buckmaster - Director


C B CONSTRUCTION (EAST ANGLIA) LTD (REGISTERED NUMBER: 06476865)

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

1. STATUTORY INFORMATION

C B Construction (East Anglia) 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
Work done is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & equipment - 15% on reducing balance
Office Equipment - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

C B CONSTRUCTION (EAST ANGLIA) LTD (REGISTERED NUMBER: 06476865)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023 120,000
Disposals (120,000 )
At 31 May 2024 -
AMORTISATION
At 1 June 2023 120,000
Eliminated on disposal (120,000 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

C B CONSTRUCTION (EAST ANGLIA) LTD (REGISTERED NUMBER: 06476865)

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

5. TANGIBLE FIXED ASSETS
Plant & Office Motor Computer
equipment Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 93,549 754 31,994 774 127,071
Additions 1,507 - 7,500 - 9,007
Disposals (3,515 ) - - - (3,515 )
At 31 May 2024 91,541 754 39,494 774 132,563
DEPRECIATION
At 1 June 2023 43,712 381 13,997 536 58,626
Charge for year 7,562 251 6,374 119 14,306
Eliminated on disposal (2,564 ) - - - (2,564 )
At 31 May 2024 48,710 632 20,371 655 70,368
NET BOOK VALUE
At 31 May 2024 42,831 122 19,123 119 62,195
At 31 May 2023 49,837 373 17,997 238 68,445

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 26,000 31,994 57,994
DEPRECIATION
At 1 June 2023 7,215 13,997 21,212
Charge for year 2,818 4,499 7,317
At 31 May 2024 10,033 18,496 28,529
NET BOOK VALUE
At 31 May 2024 15,967 13,498 29,465
At 31 May 2023 18,785 17,997 36,782

6. STOCKS
2024 2023
£    £   
Stocks 1,920 2,113

C B CONSTRUCTION (EAST ANGLIA) LTD (REGISTERED NUMBER: 06476865)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,810 10,028
CIS tax suffered 2,500 5,202
VAT - 5,008
Prepayments & accrued income 1,754 262
9,064 20,500

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,152 15,822
Trade creditors 5,123 4,364
Social security & other taxes 1,837 -
VAT 17,650 -
Accrued expenses 1,938 1,587
34,700 21,773

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 8,152
Directors' loan account 61,560 94,898
61,560 103,050