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Registered number: 04987611
C R B Construction Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04987611
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 5,000
Tangible Assets 5 86,770 106,414
Investment Properties 6 1,500,000 1,500,000
1,586,770 1,611,414
CURRENT ASSETS
Stocks 7 38,000 38,000
Debtors 8 355,927 878,603
Cash at bank and in hand 345,181 10,388
739,108 926,991
Creditors: Amounts Falling Due Within One Year 9 (352,668 ) (633,608 )
NET CURRENT ASSETS (LIABILITIES) 386,440 293,383
TOTAL ASSETS LESS CURRENT LIABILITIES 1,973,210 1,904,797
Creditors: Amounts Falling Due After More Than One Year 10 (146,782 ) (162,791 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (242,869 ) (247,780 )
NET ASSETS 1,583,559 1,494,226
CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Fair value reserve 722,774 722,774
Profit and Loss Account 859,285 769,952
SHAREHOLDERS' FUNDS 1,583,559 1,494,226
Page 1
Page 2
For the year ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C R Burchett
Director
20/04/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
C R B Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04987611 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Paragraph 19.23(a) of FRS 102 states that goodwill shall be considered to have a finite useful life and in the exceptional cases when an entity is unable to make a reliable estimate of the useful life, the life shall not exceed 10 years. In 2004, the company decided that in accordance with FRSSE the goodwill had an economic life of 20 years. At 30 September 2024 the carrying amount for the goodwill is therefore £0 and has no remaining useful life. The company considers there is evidence to support no remaining useful economic life and provides adequate evidence to support this. It is therefore not required to adjust the expected amortisation profile.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33.33% on cost
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 8 (2023: 8)
8 8
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4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 100,000
As at 30 September 2024 100,000
Amortisation
As at 1 October 2023 95,000
Provided during the period 5,000
As at 30 September 2024 100,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 5,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 534,947 150,774 7,657 24,536 717,914
Additions - 9,990 - 545 10,535
Disposals - (5,000 ) - - (5,000 )
As at 30 September 2024 534,947 155,764 7,657 25,081 723,449
Depreciation
As at 1 October 2023 459,128 120,953 6,883 24,536 611,500
Provided during the period 18,959 9,659 193 182 28,993
Disposals - (3,814 ) - - (3,814 )
As at 30 September 2024 478,087 126,798 7,076 24,718 636,679
Net Book Value
As at 30 September 2024 56,860 28,966 581 363 86,770
As at 1 October 2023 75,819 29,821 774 - 106,414
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6. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 1,500,000
The investment property was valued at 30 September 2022 on a fair value basis by Lawson Commercial and Stiles Harold Williams, RICS registered valuers.
The Directors believe that these valuations still represent the fair value of the properties at the year end.
On a historical cost basis these would have been included at the original cost of £596,765 (2023 - £596,765).
7. Stocks
2024 2023
£ £
Stock 38,000 38,000
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 203,694 532,932
Amounts recoverable on contracts 86,000 334,000
Other debtors 61,855 7,388
Prepayments 4,378 4,283
355,927 878,603
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 77,708 351,712
Bank loans and overdrafts 16,000 53,906
Corporation tax 78,009 8,525
Other taxes and social security 13,466 13,881
VAT 157,805 116,339
Other creditors 2,041 -
Pension payable 1,277 1,211
Accruals and deferred income 4,301 12,049
Directors' loan accounts 2,061 75,985
352,668 633,608
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10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 146,782 162,791
11. Secured Creditors
Of the creditors the following amounts are secured against the commercial investment property.
2024 2023
£ £
Bank loans and overdrafts 150,000 150,000
12. Pension Commitments
The company operates a defined contribution pension scheme for Peoples Pension. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,277 (2023 - £1,211) were due to the fund. They are included in Other Creditors.
13. Related Party Transactions
During the year, a director provided an interest free loan to the company. The balance at the year end due to the director was £2 (2023 - £73,752) and is repayable on demand.
During the year, a director provided an interest free loan to the company. The balance at the year end due to the director was £2,059 (2023 - £2,233) and is repayable on demand.
14. Charges
A fixed and floating charge in favour of National Westminster Bank PLC was registered 2 July 2019.
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