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CONTRACTBUILD LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024






CONTRACTBUILD LIMITED (REGISTERED NUMBER: 01913473)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONTRACTBUILD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: P D C Burton





REGISTERED OFFICE: 12 West Hill Avenue
Epsom
Surrey
KT19 8JU





REGISTERED NUMBER: 01913473 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

CONTRACTBUILD LIMITED (REGISTERED NUMBER: 01913473)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 143 428

CURRENT ASSETS
Debtors 6 702 7,083
Cash at bank 1,466 15,157
2,168 22,240
CREDITORS
Amounts falling due within one year 7 36,506 34,279
NET CURRENT LIABILITIES (34,338 ) (12,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,195

)

(11,611

)

CREDITORS
Amounts falling due after more than one
year

8

(20,274

)

(20,741

)

PROVISIONS FOR LIABILITIES (27 ) (81 )
NET LIABILITIES (54,496 ) (32,433 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (54,498 ) (32,435 )
SHAREHOLDERS' FUNDS (54,496 ) (32,433 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CONTRACTBUILD LIMITED (REGISTERED NUMBER: 01913473)

BALANCE SHEET - continued
31ST MARCH 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 director and authorised for issue on 31st December 2024 and were signed by:





P D C Burton - Director


CONTRACTBUILD LIMITED (REGISTERED NUMBER: 01913473)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Contractbuild 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

CONTRACTBUILD LIMITED (REGISTERED NUMBER: 01913473)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 7,167 14,515 2 1,941 23,625
Disposals - - (1 ) (999 ) (1,000 )
At 31st March 2024 7,167 14,515 1 942 22,625
DEPRECIATION
At 1st April 2023 7,016 14,476 - 1,705 23,197
Charge for year 38 10 - 236 284
Eliminated on disposal - - - (999 ) (999 )
At 31st March 2024 7,054 14,486 - 942 22,482
NET BOOK VALUE
At 31st March 2024 113 29 1 - 143
At 31st March 2023 151 39 2 236 428

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
VAT 702 -
Accrued income - 7,083
702 7,083

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,924 10,927
Trade creditors - 1,897
Tax 4,352 8,976
Social security and other taxes 4,744 706
VAT - 5,810
Other creditors 380 -
Pensions payable 89 136
Directors' current accounts 22,371 758
Accruals and deferred income - 4,167
Accrued expenses 646 902
36,506 34,279

CONTRACTBUILD LIMITED (REGISTERED NUMBER: 01913473)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 3,924 10,927
Bank loans - 2-5 years 11,772 9,814
Bank loans more 5 yr by instal 4,578 -
20,274 20,741

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,578 -

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £22,370 (2023: £378) to P D C Burton, a director and shareholder of the company.. The amount is interest free and repayable on demand.

At the balance sheet date, the company owed £380 (2023: £380) to I J Burton who was a director and shareholder of the company until 31.03.23.