2024-01-01 NI044784 2024-12-31 NI044784 2024-01-01 2024-12-31 NI044784 2023-12-31 NI044784 2023-01-01 2023-12-31 NI044784 uk-core:WithinOneYear 2023-12-31 NI044784 uk-core:WithinOneYear 2024-12-31 NI044784 uk-core:AfterOneYear 2023-12-31 NI044784 uk-core:AfterOneYear 2024-12-31 NI044784 uk-core:ShareCapital 2024-12-31 NI044784 uk-core:ShareCapital 2023-12-31 NI044784 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI044784 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI044784 uk-bus:Director1 2024-01-01 2024-12-31 NI044784 uk-core:PlantMachinery 2024-01-01 2024-12-31 NI044784 uk-core:ComputerEquipment 2024-01-01 2024-12-31 NI044784 uk-core:CommercialMotorVehicles 2024-01-01 2024-12-31 NI044784 uk-core:ComputerEquipment 2023-12-31 NI044784 uk-core:CommercialMotorVehicles 2023-12-31 NI044784 uk-core:PlantMachinery 2023-12-31 NI044784 uk-core:PlantMachinery 2024-12-31 NI044784 uk-core:CommercialMotorVehicles 2024-12-31 NI044784 uk-core:ComputerEquipment 2024-12-31 iso4217:GBP xbrli:pure NI044784 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 NI044784 uk-bus:FRS102 2024-01-01 2024-12-31 NI044784 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 NI044784 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
Corr Construction Limited
Registered Number:NI044784
For the year ended 31 December 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 December 2024
Corr Construction Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI044784
As at 31 December 2024
Corr Construction Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
42,014
31,392
2
42,014
31,392
Current assets
Inventories
2,885
3,880
3
Trade and other receivables
675
753
4
21,623
Cash and cash equivalents
27,964
32,597
25,183
Trade and other payables: amounts falling due within one
year
(21,123)
(24,459)
5
4,060
8,138
Net current assets
Total assets less current liabilities
50,152
35,452
Trade and other payables: amounts falling due after more
than one year
-
(2,351)
6
(7,831)
(5,779)
Provisions for liabilities
39,970
Net assets
29,673
Capital and reserves
Called up share capital
10,002
10,002
Retained earnings
29,968
19,671
39,970
29,673
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Paul Corr Director
These financial statements were approved and authorised for issue by the Board on 26 June 2025 and were signed by:
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4
Registered Number :
NI044784
For the year ended 31 December 2024
Corr Construction Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2024
Corr Construction Limited
Notes to the Financial Statements
Statutory Information
Corr Construction Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI044784.
Registered address:
67 Magherarville Road
Milford
Armagh
Armagh
BT60 3PL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
25% Reducing balance
Computer Equipment
15% Reducing balance
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 December 2024
Corr Construction Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 January 2024
87,204
4,255
1,600
81,349
18,115
-
-
18,115
Additions
At 31 December 2024
99,464
1,600
4,255
105,319
Provision for depreciation and impairment
At 01 January 2024
55,812
3,585
1,418
50,809
Charge for year
7,493
168
27
7,298
At 31 December 2024
63,305
3,753
1,445
58,107
At 31 December 2024
Net book value
41,357
155
502
42,014
At 31 December 2023
30,540
182
670
31,392
3. Inventories
2023
2024
£
£
Stocks
3,880
2,885
4. Trade and other receivables
2023
2024
£
£
Other debtors
753
675
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
1,050
-
Taxation and social security
13,484
12,602
Other creditors
9,925
8,521
24,459
21,123
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7
For the year ended 31 December 2024
Corr Construction Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
2,351
-
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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