Creation Construction & Builders Ltd
Registered number: 08791124
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Current assets
Stocks 45,450 72,000
Debtors 3 105 105
Cash at bank and in hand 3,598 154
49,153 72,259
Creditors: amounts falling due within one year 4 (154,773) (142,284)
Net current liabilities (105,620) (70,025)
Total assets less current liabilities (105,620) (70,025)
Creditors: amounts falling due after more than one year 5 (7,638) (14,027)
Net liabilities (113,258) (84,052)
Capital and reserves
Called up share capital 100 100
Profit and loss account (113,358) (84,152)
Shareholder's funds (113,258) (84,052)
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 Arbaz Hussain
Director
Approved by the board on 9 January 2025
Creation Construction & Builders Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. 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.
Work-in-progress
Work-in-progress is 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Debtors 2024 2023
£ £
Other debtors 105 105
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 516 516
Other taxes and social security costs 22,338 20,786
Director's account 112,546 113,020
Accruals and deferred income 1,234 1,213
Other creditors 18,139 6,749
154,773 142,284
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,638 14,027
6 Other information
Creation Construction & Builders Ltd is a private company limited by shares and incorporated in England. Its registered office is:
27 Stamford Road
Manchester
Lancashire
M13 0SE
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