Silverfin false false 30/06/2024 01/07/2023 30/06/2024 T E Cunningham 29/06/2018 M Taylor 29/06/2018 27 March 2025 The principal activity of the Company during the financial year is the development of building projects, construction of commercial and domestic buildings and quantity surveying. 11440759 2024-06-30 11440759 bus:Director1 2024-06-30 11440759 bus:Director2 2024-06-30 11440759 2023-06-30 11440759 core:CurrentFinancialInstruments 2024-06-30 11440759 core:CurrentFinancialInstruments 2023-06-30 11440759 core:ShareCapital 2024-06-30 11440759 core:ShareCapital 2023-06-30 11440759 core:RetainedEarningsAccumulatedLosses 2024-06-30 11440759 core:RetainedEarningsAccumulatedLosses 2023-06-30 11440759 core:Goodwill 2023-06-30 11440759 core:Goodwill 2024-06-30 11440759 core:Vehicles 2023-06-30 11440759 core:OfficeEquipment 2023-06-30 11440759 core:ComputerEquipment 2023-06-30 11440759 core:Vehicles 2024-06-30 11440759 core:OfficeEquipment 2024-06-30 11440759 core:ComputerEquipment 2024-06-30 11440759 bus:OrdinaryShareClass1 2024-06-30 11440759 2023-07-01 2024-06-30 11440759 bus:FilletedAccounts 2023-07-01 2024-06-30 11440759 bus:SmallEntities 2023-07-01 2024-06-30 11440759 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11440759 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11440759 bus:Director1 2023-07-01 2024-06-30 11440759 bus:Director2 2023-07-01 2024-06-30 11440759 core:Goodwill core:TopRangeValue 2023-07-01 2024-06-30 11440759 core:Goodwill 2023-07-01 2024-06-30 11440759 core:Vehicles 2023-07-01 2024-06-30 11440759 core:OfficeEquipment core:TopRangeValue 2023-07-01 2024-06-30 11440759 core:ComputerEquipment core:TopRangeValue 2023-07-01 2024-06-30 11440759 2022-07-01 2023-06-30 11440759 core:OfficeEquipment 2023-07-01 2024-06-30 11440759 core:ComputerEquipment 2023-07-01 2024-06-30 11440759 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11440759 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11440759 (England and Wales)

CUNNINGHAM TAYLOR LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

CUNNINGHAM TAYLOR LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

CUNNINGHAM TAYLOR LIMITED

BALANCE SHEET

As at 30 June 2024
CUNNINGHAM TAYLOR LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 74,607 97,550
74,607 97,550
Current assets
Debtors 5 163,959 237,111
Cash at bank and in hand 132,054 44,933
296,013 282,044
Creditors: amounts falling due within one year 6 ( 183,998) ( 247,577)
Net current assets 112,015 34,467
Total assets less current liabilities 186,622 132,017
Provision for liabilities ( 18,652) ( 24,302)
Net assets 167,970 107,715
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 167,870 107,615
Total shareholders' funds 167,970 107,715

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Cunningham Taylor Limited (registered number: 11440759) were approved and authorised for issue by the Board of Directors on 27 March 2025. They were signed on its behalf by:

T E Cunningham
Director
CUNNINGHAM TAYLOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
CUNNINGHAM TAYLOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cunningham Taylor Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 12 Flexbury Park Road, Bude, EX23 8HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Goodwill

Goodwill arising on the acquisition of subsidiary undertakings and business, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life, which is 5 years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Office equipment 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2023 106,000 106,000
At 30 June 2024 106,000 106,000
Accumulated amortisation
At 01 July 2023 106,000 106,000
At 30 June 2024 106,000 106,000
Net book value
At 30 June 2024 0 0
At 30 June 2023 0 0

4. Tangible assets

Vehicles Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 July 2023 133,852 5,274 2,341 141,467
Additions 0 0 2,843 2,843
At 30 June 2024 133,852 5,274 5,184 144,310
Accumulated depreciation
At 01 July 2023 38,593 4,134 1,190 43,917
Charge for the financial year 23,815 880 1,091 25,786
At 30 June 2024 62,408 5,014 2,281 69,703
Net book value
At 30 June 2024 71,444 260 2,903 74,607
At 30 June 2023 95,259 1,140 1,151 97,550

5. Debtors

2024 2023
£ £
Trade debtors 158,818 230,499
Corporation tax 0 2,895
Other debtors 5,141 3,717
163,959 237,111

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 124,476 136,302
Other creditors 59,522 111,275
183,998 247,577

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100