Company Registration No. 5845466 (England and Wales)
Cary Construction Ltd
Unaudited accounts
for the year ended 30 September 2024
Cary Construction Ltd
Unaudited accounts
Contents
Cary Construction Ltd
Company Information
for the year ended 30 September 2024
Company Number
5845466 (England and Wales)
Registered Office
2 Bailey Hill
Castle Cary
Somerset
BA7 7AD
United Kingdom
Accountants
MAX FOOTE ASSOCIATES LIMITED
2 BAILEY HILL
CASTLE CARY
SOMERSET
BA7 7AD
Cary Construction Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
191,441
225,542
Investment property
189,500
189,500
Inventories
1,376,052
776,089
Cash at bank and in hand
13,694
12,756
Creditors: amounts falling due within one year
(752,103)
(284,012)
Net current assets
680,251
551,955
Total assets less current liabilities
1,061,192
966,997
Creditors: amounts falling due after more than one year
(471,484)
(263,636)
Provisions for liabilities
Net assets
589,708
657,507
Called up share capital
102
102
Profit and loss account
589,606
657,405
Shareholders' funds
589,708
657,507
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 June 2025 and were signed on its behalf by
Stacey Beaton
Director
Company Registration No. 5845466
Cary Construction Ltd
Notes to the Accounts
for the year ended 30 September 2024
Cary Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 5845466. The registered office is 2 Bailey Hill, Castle Cary, Somerset, BA7 7AD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line method
Motor vehicles
25% reducing balance method
Fixtures & fittings
10% straight line method
Computer equipment
20% Straight line method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Cary Construction Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2023
80,000
295,239
111,446
47,153
6,873
540,711
Additions
-
9,468
-
4,328
-
13,796
At 30 September 2024
80,000
304,707
111,446
51,481
6,873
554,507
At 1 October 2023
-
206,148
86,732
17,555
4,734
315,169
Charge for the year
-
36,006
7,272
3,922
697
47,897
At 30 September 2024
-
242,154
94,004
21,477
5,431
363,066
At 30 September 2024
80,000
62,553
17,442
30,004
1,442
191,441
At 30 September 2023
80,000
89,091
24,714
29,598
2,139
225,542
Fair value at 1 October 2023
189,500
At 30 September 2024
189,500
Amounts falling due within one year
Deferred tax asset
17,126
-
Accrued income and prepayments
2,900
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
129,725
-
Obligations under finance leases and hire purchase contracts
12,256
11,613
Trade creditors
28,627
17,697
Taxes and social security
2,126
2,829
Loans from directors
576,854
249,386
Cary Construction Ltd
Notes to the Accounts
for the year ended 30 September 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
250,432
250,432
Obligations under finance leases and hire purchase contracts
1,052
13,204
Aggregate of amounts that fall due for payment after five years
-
250,432
The loan is secured by a Mortgage Deed dated 25 August 2022 over the company's investment property.
9
Deferred taxation
2024
2023
Accelerated capital allowances
21,028
29,750
Tax losses carried forward
(38,154)
16,104
Provision at start of year
45,854
48,361
Credited to the profit and loss account
(62,980)
(2,507)
Provision at end of year
(17,126)
45,854
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).