2 2 Christie Construction Limited 03823564 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is general building work. Digita Accounts Production Advanced 6.30.9574.0 true true 03823564 2023-10-01 2024-09-30 03823564 2024-09-30 03823564 bus:Director1 1 2024-09-30 03823564 core:CurrentFinancialInstruments 2024-09-30 03823564 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 03823564 core:FurnitureFittingsToolsEquipment 2024-09-30 03823564 bus:SmallEntities 2023-10-01 2024-09-30 03823564 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03823564 bus:FilletedAccounts 2023-10-01 2024-09-30 03823564 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03823564 bus:RegisteredOffice 2023-10-01 2024-09-30 03823564 bus:Director1 2023-10-01 2024-09-30 03823564 bus:Director1 1 2023-10-01 2024-09-30 03823564 bus:Director2 2023-10-01 2024-09-30 03823564 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03823564 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 03823564 core:OfficeEquipment 2023-10-01 2024-09-30 03823564 countries:EnglandWales 2023-10-01 2024-09-30 03823564 2023-09-30 03823564 bus:Director1 1 2023-09-30 03823564 core:FurnitureFittingsToolsEquipment 2023-09-30 03823564 2022-10-01 2023-09-30 03823564 2023-09-30 03823564 core:CurrentFinancialInstruments 2023-09-30 03823564 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 03823564 core:FurnitureFittingsToolsEquipment 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 03823564

Christie Construction Limited

Annual Report and Unaudited Financial Statements

for the year ended 30 September 2024

 

Christie Construction Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Christie Construction Limited

(Registration number: 03823564)
Statement of Financial Position
30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,602

1,883

Current assets

 

Stocks

5

100

100

Debtors

6

13,164

30,734

Cash at bank and in hand

 

1,990

51,118

 

15,254

81,952

Creditors: Amounts falling due within one year

7

(11,319)

(51,993)

Net current assets

 

3,935

29,959

Total assets less current liabilities

 

5,537

31,842

Provisions for liabilities

(304)

(414)

Net assets

 

5,233

31,428

Capital and reserves

 

Called up share capital

100

100

Retained earnings

5,133

31,328

Shareholders' funds

 

5,233

31,428

For the financial 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.

Directors' 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 directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 June 2025 and signed on its behalf by:
 

 

Christie Construction Limited

(Registration number: 03823564)
Statement of Financial Position
30 September 2024

.........................................
S S Christie
Director

.........................................
AP Christie
Director

 

Christie Construction Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Grasmere
Ancton Lane
Middleton on Sea
West Sussex
PO22 6NL

These financial statements were authorised for issue by the Board on 3 June 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 for each of the company's activities.

 

Christie Construction Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

2

Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, 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 substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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.

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

Office Equipment

between 2 - 5 years

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.

 

Christie Construction Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Christie Construction Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

2

Accounting policies (continued)

Financial instruments

Classification
The entity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Christie Construction Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

6,673

6,673

Additions

506

506

At 30 September 2024

7,179

7,179

Depreciation

At 1 October 2023

4,791

4,791

Charge for the year

786

786

At 30 September 2024

5,577

5,577

Carrying amount

At 30 September 2024

1,602

1,602

At 30 September 2023

1,883

1,883

5

Stocks

2024
£

2023
£

Other inventories

100

100

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

29,087

Prepayments

2,163

1,647

Other debtors

11,001

-

 

13,164

30,734

 

Christie Construction Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

24,933

Taxation and social security

7,068

14,695

Accruals and deferred income

2,204

1,798

Other creditors

2,047

10,567

11,319

51,993

8

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to director
£

At 30 September 2024
£

S S Christie

Directors loan account

-

11,000

11,000