Registered Number:06607375 |
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2024
Constructco Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Constructco Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
44,082
58,775
2
44,082
58,775
17,500
50,250
3
Trade and other receivables |
205,602
86,766
4
14,385
Cash and cash equivalents |
-
137,016
237,487
Trade and other payables: amounts falling due within one |
year |
(269,023)
(374,501)
5
(31,536)
(237,485)
Net current liabilities
Total assets less current liabilities |
(193,403)
27,239
Trade and other payables: amounts falling due after more |
than one year |
(21,594)
(11,369)
6
(204,772)
Net assets/liabilities
5,645
100
100
(204,872)
5,545
(204,772)
5,645
Shareholders' funds
For the year ended 30 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 31 March 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2024
Constructco Limited
Notes to the Financial Statements
Statutory Information
Constructco Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 06607375. |
8 Peterborough Road
Harrow
Middlesex
HA1 2BQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Construction Services: When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by inference to the stage of completion at the balance sheet date.. Stage of completion is measured by reference to material, plant and labour costs incurred to date. When it is probable that contract costs will exceed the total turnover from a contract, the expected cost is recognised immediately with a corresponding provision. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 30 June 2024
Constructco Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
120,893
11,778
109,115
109,115
11,778
120,893
Provision for depreciation and impairment |
62,118
7,061
55,057
Charge for year
14,693
1,179
13,514
76,811
8,240
68,571
40,544
3,538
44,082
54,058
4,717
58,775
2023
2024
50,250
17,500
4. Trade and other receivables |
2023
2024
75,976
95,238
10,790
110,364
205,602
86,766
5. Trade and other payables: amounts falling due within one year |
2023
2024
29,177
9,973
Taxation and social security |
245,077
242,547
100,247
16,503
374,501
269,023
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For the year ended 30 June 2024
Constructco Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
11,369
21,594
7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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