202Construction Limited 07324447 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is providing construction services. Digita Accounts Production Advanced 6.30.9574.0 true 07324447 2023-08-01 2024-07-31 07324447 2024-07-31 07324447 core:RetainedEarningsAccumulatedLosses 2024-07-31 07324447 core:ShareCapital 2024-07-31 07324447 core:CurrentFinancialInstruments 2024-07-31 07324447 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 07324447 core:FurnitureFittingsToolsEquipment 2024-07-31 07324447 core:MotorVehicles 2024-07-31 07324447 bus:SmallEntities 2023-08-01 2024-07-31 07324447 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 07324447 bus:FilletedAccounts 2023-08-01 2024-07-31 07324447 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07324447 bus:RegisteredOffice 2023-08-01 2024-07-31 07324447 bus:Director1 2023-08-01 2024-07-31 07324447 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07324447 core:ComputerEquipment 2023-08-01 2024-07-31 07324447 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 07324447 core:MotorVehicles 2023-08-01 2024-07-31 07324447 core:PlantMachinery 2023-08-01 2024-07-31 07324447 countries:EnglandWales 2023-08-01 2024-07-31 07324447 2023-07-31 07324447 core:FurnitureFittingsToolsEquipment 2023-07-31 07324447 core:MotorVehicles 2023-07-31 07324447 2022-08-01 2023-07-31 07324447 2023-07-31 07324447 core:RetainedEarningsAccumulatedLosses 2023-07-31 07324447 core:ShareCapital 2023-07-31 07324447 core:CurrentFinancialInstruments 2023-07-31 07324447 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07324447 core:FurnitureFittingsToolsEquipment 2023-07-31 07324447 core:MotorVehicles 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 07324447

202Construction Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

202Construction Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

202Construction Limited

Company Information

Director

T Brady

Registered office

School House
Church Fenton Lane
Ulleskelf
Tadcaster
North Yorkshire
LS24 9DW

 

202Construction Limited

(Registration number: 07324447)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,298

5,855

Current assets

 

Debtors

5

3,548

3,882

Cash at bank and in hand

 

5,710

6,980

 

9,258

10,862

Creditors: Amounts falling due within one year

6

(4,650)

(6,922)

Net current assets

 

4,608

3,940

Total assets less current liabilities

 

8,906

9,795

Provisions for liabilities

(817)

(1,112)

Net assets

 

8,089

8,683

Capital and reserves

 

Called up share capital

100

100

Retained earnings

7,989

8,583

Shareholders' funds

 

8,089

8,683

For the financial 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.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 May 2025
 

.........................................
T Brady
Director

 

202Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 07324447.

The address of its registered office is:
School House
Church Fenton Lane
Ulleskelf
Tadcaster
North Yorkshire
LS24 9DW

These financial statements were authorised for issue by the director on 7 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover arises from the the provision of services. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of services in the normal course of business, net of discounts and other sales-related tax.

Turnover from the provision of services is recognised when the service is performed.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met of each of the companies activities.

Tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods difference from those in which they are recognised in the financial statements. 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.

 

202Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or subsequently enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% reducing balance

Computer equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

202Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

4,005

18,500

22,505

At 31 July 2024

4,005

18,500

22,505

Depreciation

At 1 August 2023

3,390

13,260

16,650

Charge for the year

247

1,310

1,557

At 31 July 2024

3,637

14,570

18,207

Carrying amount

At 31 July 2024

368

3,930

4,298

At 31 July 2023

615

5,240

5,855

5

Debtors

2024
£

2023
£

Prepayments

105

211

Other debtors

3,443

3,671

3,548

3,882

 

202Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

878

1,418

Trade creditors

 

50

-

Taxation and social security

 

1,042

2,963

Accruals and deferred income

 

2,680

2,541

 

4,650

6,922

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

878

1,418

Other borrowings include unsecured Director loan balances.

8

Related party transactions

Other transactions with the Director

At the year end, the company owed the director £878 (2023: £1,418). This amount is unsecured, interest free and repayable on demand.