Company Registration No. 03573820 (England and Wales)
Strongwork Construction Limited
Unaudited accounts
for the year ended 31 July 2024
Strongwork Construction Limited
Unaudited accounts
Contents
Strongwork Construction Limited
Company Information
for the year ended 31 July 2024
Company Number
03573820 (England and Wales)
Registered Office
Quarry Lane
Brook Farm, Quarry Lane, Gorsley
Gorsley
Herefordshire
HR9 7SH
GB
Strongwork Construction Limited
Statement of financial position
as at 31 July 2024
Tangible assets
382,508
279,608
Cash at bank and in hand
(5,381)
43,481
Creditors: amounts falling due within one year
(310,078)
(379,440)
Net current liabilities
(38,232)
(2,094)
Total assets less current liabilities
344,276
277,514
Creditors: amounts falling due after more than one year
(72,917)
-
Net assets
271,359
277,514
Called up share capital
3
3
Capital redemption reserve
34,570
34,570
Profit and loss account
236,786
242,941
Shareholders' funds
271,359
277,514
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 April 2025 and were signed on its behalf by
Mr G S Harper
Director
Company Registration No. 03573820
Strongwork Construction Limited
Notes to the Accounts
for the year ended 31 July 2024
Strongwork Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 03573820. The registered office is Quarry Lane, Brook Farm, Quarry Lane, Gorsley, Gorsley, Herefordshire, HR9 7SH, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Reducing Balance
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Strongwork Construction Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 August 2023
47,908
673,328
357,086
16,937
18,906
1,114,165
Additions
-
149,850
23,820
-
-
173,670
Disposals
-
(13,759)
-
-
-
(13,759)
At 31 July 2024
47,908
809,419
380,906
16,937
18,906
1,274,076
At 1 August 2023
23,788
520,894
260,905
13,913
15,057
834,557
Charge for the year
1,206
32,362
32,029
320
962
66,879
On disposals
-
(9,868)
-
-
-
(9,868)
At 31 July 2024
24,994
543,388
292,934
14,233
16,019
891,568
At 31 July 2024
22,914
266,031
87,972
2,704
2,887
382,508
At 31 July 2023
24,120
152,434
96,181
3,024
3,849
279,608
Amounts falling due within one year
Trade debtors
152,066
215,559
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
25,000
15,351
Trade creditors
103,135
190,345
Taxes and social security
33,926
34,890
Other creditors
(302)
(302)
Loans from directors
116,436
121,529
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
72,917
-
8
Average number of employees
During the year the average number of employees was 10 (2023: 11).