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REGISTERED NUMBER: 04438599 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

EASTWELL CONSTRUCTION LIMITED

EASTWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04438599)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EASTWELL CONSTRUCTION LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: Mr D J Lumley
Mr J W Lumley
Mr G H Lumley





REGISTERED OFFICE: 1 Church Street
Kirkbymoorside
North Yorkshire
YO62 6AZ





REGISTERED NUMBER: 04438599 (England and Wales)

EASTWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04438599)

STATEMENT OF FINANCIAL POSITION
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 119,554 121,334
Investments 5 784 699
120,338 122,033

CURRENT ASSETS
Debtors 6 236,132 217,720
Prepayments and accrued income 365 353
Cash at bank - 13,060
236,497 231,133
CREDITORS
Amounts falling due within one year 7 308,187 280,334
NET CURRENT LIABILITIES (71,690 ) (49,201 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,648

72,832

CREDITORS
Amounts falling due after more than one
year

8

(17,769

)

(30,230

)

PROVISIONS FOR LIABILITIES 9 (29,888 ) (41,626 )
NET ASSETS 991 976

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 891 876
SHAREHOLDERS' FUNDS 991 976

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.

EASTWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04438599)

STATEMENT OF FINANCIAL POSITION - 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 25 February 2025 and were signed on its behalf by:




Mr D J Lumley - Director Mr J W Lumley - Director




Mr G H Lumley - Director


EASTWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04438599)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024


1. STATUTORY INFORMATION

Eastwell Construction Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have considered the financial resources and commitments of the company and concluded that they have sufficient resources to meet liabilities as they fall due. The directors therefore consider it appropriate to prepare the financial statements on the going concern basis.

Confirmation has been received from the parent company that it will continue to provide financial support by not seeking repayment of loan accounts due until other creditors have been paid in full.

Turnover
Turnover represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery15%on reducing balance
Motor vehicles25%on reducing balance
Office equipment15%on reducing balance and 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

EASTWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04438599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

Fixed asset investments
Unlisted investments are included at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 June 2023 182,408 11,346 116,344 310,098
Additions 700 390 36,001 37,091
Disposals - - (24,583 ) (24,583 )
At 31 May 2024 183,108 11,736 127,762 322,606
DEPRECIATION
At 1 June 2023 143,550 10,616 34,598 188,764
Charge for year 5,837 319 22,344 28,500
Eliminated on disposal - - (14,212 ) (14,212 )
At 31 May 2024 149,387 10,935 42,730 203,052
NET BOOK VALUE
At 31 May 2024 33,721 801 85,032 119,554
At 31 May 2023 38,858 730 81,746 121,334

The net book value of property, plant and equipment includes £ 51,792 (2023 - £ 27,056 ) in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 699
Additions 85
At 31 May 2024 784
NET BOOK VALUE
At 31 May 2024 784
At 31 May 2023 699

EASTWELL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04438599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 176,182 123,594
Amounts recoverable on contract 40,416 94,126
Other debtors 19,534 -
236,132 217,720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,982 10,000
Hire purchase contracts 11,085 7,455
Trade creditors 35,106 61,541
Amounts owed to group undertakings 212,410 178,919
Taxation and social security 18,240 15,602
Other creditors 6,364 6,817
308,187 280,334

Amounts owed to group undertakings have no specific repayment terms and may therefore fall due after more than one year.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 6,102 8,563
17,769 30,230

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 29,888 27,006
Bad Debt Provision - 14,620
29,888 41,626

Deferred Bad debt
tax provision
£    £   
Balance at 1 June 2023 27,006 14,620
Accelerated capital allowances 2,882 -
Balance at 31 May 2024 29,888 14,620