Registered number
05000148
CCW Building and Roofing Contractors Ltd
Filleted Accounts
31 May 2024
CCW Building and Roofing Contractors Ltd
Registered number: 05000148
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,177,798 3,187,247
Current assets
Debtors 4 11,362 307,500
Cash at bank and in hand 166,533 293,571
177,895 601,071
Creditors: amounts falling due within one year 5 (16,949) (308,132)
Net current assets 160,946 292,939
Total assets less current liabilities 3,338,744 3,480,186
Creditors: amounts falling due after more than one year 6 (1,392,698) (1,392,698)
Net assets 1,946,046 2,087,488
Capital and reserves
Called up share capital 2 2
Revaluation reserve 7 1,857,302 1,857,302
Profit and loss account 88,742 230,184
Shareholders' funds 1,946,046 2,087,488
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 members have 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 Craig Whitehouse
Director
Approved by the board on 26 February 2025
CCW Building and Roofing Contractors Ltd
Notes to the Accounts
for the year ended 31 May 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 (as applied to small entities by section 1A of the standard).
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:
Freehold buildings 2% on cost
Plant and machinery 20% on reducing balance
Fixtures and fiitings 20% on reducing balance
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 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 3,250,000 30,644 3,280,644
Additions - 70,000 70,000
At 31 May 2024 3,250,000 100,644 3,350,644
Depreciation
At 1 June 2023 65,000 28,397 93,397
Charge for the year 27,854 14,449 42,303
Surplus on revaluation 37,146 - 37,146
At 31 May 2024 130,000 42,846 172,846
Net book value
At 31 May 2024 3,120,000 57,798 3,177,798
At 31 May 2023 3,185,000 2,247 3,187,247
4 Debtors 2024 2023
£ £
Trade debtors 7,280 307,500
Other debtors 4,082 -
11,362 307,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,532 -
Trade creditors 6,254 304,231
Taxation and social security costs 15 1,173
Other creditors 2,148 2,728
16,949 308,132
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,392,698 1,392,698
7 Revaluation reserve 2024 2023
£ £
At 1 June 2023 1,857,302 -
Gain on revaluation of land and buildings - 1,857,302
At 31 May 2024 1,857,302 1,857,302
8 Other information
CCW Building and Roofing Contractors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Bilston Road
Bilston
West Midlands
DY4 0BT
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