Registered number
05763558
Cammack Contractors Limited
Filleted Accounts
31 March 2024
Cammack Contractors Limited
Registered number: 05763558
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 82,500 90,621
Current assets
Stocks 15,534 30,000
Debtors 4 33,263 46,755
Cash at bank and in hand 115,094 29,171
163,891 105,926
Creditors: amounts falling due within one year 5 (159,275) (108,281)
Net current assets/(liabilities) 4,616 (2,355)
Total assets less current liabilities 87,116 88,266
Creditors: amounts falling due after more than one year 6 (32,478) (40,442)
Net assets 54,638 47,824
Capital and reserves
Called up share capital 3 3
Profit and loss account 54,635 47,821
Shareholders' funds 54,638 47,824
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 and delivered 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.
Mr J D Cammack
Director
Approved by the board on 1 June 2025
Cammack Contractors Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 20% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice 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 (which is usually the invoice 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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 63,671 96,846 160,517
Additions 12,507 - 12,507
At 31 March 2024 76,178 96,846 173,024
Depreciation
At 1 April 2023 47,421 22,475 69,896
Charge for the year 5,755 14,873 20,628
At 31 March 2024 53,176 37,348 90,524
Net book value
At 31 March 2024 23,002 59,498 82,500
At 31 March 2023 16,250 74,371 90,621
4 Debtors 2024 2023
£ £
Trade debtors - 663
Other debtors 33,263 46,092
33,263 46,755
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,014 5,941
Obligations under finance lease and hire purchase contracts 2,534 2,463
Trade creditors 88,509 80,311
Taxation and social security costs 54,277 17,074
Other creditors 7,941 2,492
159,275 108,281
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 31,072 36,637
Obligations under finance lease and hire purchase contracts 1,406 3,805
32,478 40,442
7 Other information
Cammack Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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