Registered number
07055356
333 CN CONSTRUCTION LTD
Report and Accounts
31 October 2024
333 CN CONSTRUCTION LTD
Registered number: 07055356
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 2,242 3,139
Tangible assets 5 18,329 25,661
20,571 28,800
Current assets
Stocks - 1,942
Debtors 6 - 2,117
Cash at bank and in hand 1,586 764
1,586 4,823
Creditors: amounts falling due within one year 7 (5,378) (5,142)
Net current liabilities (3,792) (319)
Total assets less current liabilities 16,779 28,481
Creditors: amounts falling due after more than one year 8 (1,100) (2,763)
Provisions for liabilities 9 (1,806) (3,551)
Net assets 13,873 22,167
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,773 22,067
Shareholder's funds 13,873 22,167
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
George Nicolaou
Director
Approved by the board on 24 June 2025
333 CN CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 October 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.
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 over 5 years
Motor vehicles over 5 years
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. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Taxation 2024 2023
£ £
UK corporation tax - -
Deferred taxation (1,745) 605
(1,745) 605
4 Intangible fixed assets £
Cost
At 1 November 2023 4,485
At 31 October 2024 4,485
Amortisation
At 1 November 2023 1,346
Provided during the year 897
At 31 October 2024 2,243
Net book value
At 31 October 2024 2,242
At 31 October 2023 3,139
Purchased intangible fixed assets are being written off in equal annual instalments over their estimated economic life of 5 years.
5 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 1,275 36,658 37,933
At 31 October 2024 1,275 36,658 37,933
Depreciation
At 1 November 2023 1,274 10,998 12,272
Charge for the year - 7,332 7,332
At 31 October 2024 1,274 18,330 19,604
Net book value
At 31 October 2024 1 18,328 18,329
At 31 October 2023 1 25,660 25,661
6 Debtors 2024 2023
£ £
Trade debtors - 2,117
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,763 1,763
Trade creditors 722 2,336
Other taxes and social security costs (47) (2,814)
Other creditors 2,940 3,857
5,378 5,142
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,100 2,763
9 Deferred taxation 2024 2023
£ £
At 1 November 2023 3,551 2,946
Charged to the profit and loss account (1,745) 605
Charged to other comprehensive income - -
1,806 3,551
10 Other information
333 CN CONSTRUCTION LTD is a private company limited by shares and incorporated in England. Its registered office is:
26 Hillfield Park
London
N21 3QH
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