Crondall Builders Ltd
Registered number: 08451506
Statement of Financial Position
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 33,022 18,035
Current assets
Debtors 4 109,038 33,546
Cash at bank and in hand 78,848 78,679
187,886 112,225
Creditors: amounts falling due within one year 5 (75,220) (39,139)
Net current assets 112,666 73,086
Total assets less current liabilities 145,688 91,121
Creditors: amounts falling due after more than one year 6 (16,329) -
Provisions for liabilities (7,744) (3,995)
Net assets 121,615 87,126
Capital and reserves
Called up share capital 2 2
Profit and loss account 121,613 87,124
Shareholders' funds 121,615 87,126
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Sherman
Director
Approved by the board on 29 May 2025
Crondall Builders Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2025 2024
Number Number
Average number of directors and persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 4,263 50,907 55,170
Additions - 25,995 25,995
At 31 March 2025 4,263 76,902 81,165
Depreciation
At 1 April 2024 3,511 33,624 37,135
Charge for the year 188 10,820 11,008
At 31 March 2025 3,699 44,444 48,143
Net book value
At 31 March 2025 564 32,458 33,022
At 31 March 2024 752 17,283 18,035
4 Debtors 2025 2024
£ £
Trade debtors - 2,211
Prepayments 2,297 1,996
Accrued income 106,741 24,839
Other debtors - 4,500
109,038 33,546
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 4,172 -
Trade creditors 29,720 12,959
Accruals 1,090 1,040
Corporation tax 28,850 19,072
Other taxes and social security costs 8,770 4,250
Other creditors 2,618 1,818
75,220 39,139
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 16,329 -
7 Other information
Crondall Builders Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
Crondall Builders Ltd 08451506 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts July 2024 M Sherman No description of principal activity 08451506 2023-04-01 2024-03-31 08451506 core:WithinOneYear 2024-03-31 08451506 core:AfterOneYear 2024-03-31 08451506 core:ShareCapital 2024-03-31 08451506 core:RetainedEarningsAccumulatedLosses 2024-03-31 08451506 2024-04-01 2025-03-31 08451506 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08451506 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08451506 bus:Director40 2024-04-01 2025-03-31 08451506 1 2024-04-01 2025-03-31 08451506 2 2024-04-01 2025-03-31 08451506 core:PlantMachinery 2024-04-01 2025-03-31 08451506 core:Vehicles 2024-04-01 2025-03-31 08451506 countries:England 2024-04-01 2025-03-31 08451506 bus:FRS102 2024-04-01 2025-03-31 08451506 bus:FilletedAccounts 2024-04-01 2025-03-31 08451506 2025-03-31 08451506 core:WithinOneYear 2025-03-31 08451506 core:AfterOneYear 2025-03-31 08451506 core:ShareCapital 2025-03-31 08451506 core:RetainedEarningsAccumulatedLosses 2025-03-31 08451506 core:PlantMachinery 2025-03-31 08451506 core:Vehicles 2025-03-31 08451506 2024-03-31 08451506 core:PlantMachinery 2024-03-31 08451506 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure