REGISTERED NUMBER: 07629697 (England and Wales)

CREMIN CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

S K Cremin

Mrs C Cremin

REGISTERED OFFICE:

3 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

REGISTERED NUMBER:

07629697 (England and Wales)

ACCOUNTANTS:

CUTTER & CO LTD

CHARTERED ACCOUNTANTS

3 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

FIXED ASSETS

Tangible assets

4

145,216

139,789

CURRENT ASSETS

Stocks

5

69,500

26,970

Debtors

6

135,543

94,995

Cash at bank

70,457

131,135

275,500

253,100

CREDITORS

Amounts falling due within one year

7

145,494

124,720

NET CURRENT ASSETS

130,006

128,380

TOTAL ASSETS LESS CURRENT LIABILITIES

275,222

268,169

PROVISIONS FOR LIABILITIES

36,304

34,947

NET ASSETS

238,918

233,222

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

238,916

233,220

SHAREHOLDERS' FUNDS

238,918

233,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

S K Cremin - Director

1.	STATUTORY INFORMATION

Cremin Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the revenue recognised by the company in respect of the sale of building and construction materials and services, excluding value added tax. Where a job has been partially completed at the balance sheet date, turnover represents the value of the service provided to date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer and office equipment

-

33% on cost

Stocks and work in progress

Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work in progress

When the outcome of a transaction involving the rendering of services can be estimated reliably, revenue is calculated by reference to the stage (or percentage) of completion of the transaction at the end of the reporting period. When the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Computer

and

Plant and

Motor

office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st May 2024

107,877

198,742

14,280

320,899

Additions

47,407

1,583

2,489

51,479

Disposals

-

-

(1,020

)

(1,020

)

At 30th April 2025

155,284

200,325

15,749

371,358

DEPRECIATION

At 1st May 2024

64,569

104,131

12,410

181,110

Charge for year

20,580

23,884

1,337

45,801

Eliminated on disposal

-

-

(769

)

(769

)

At 30th April 2025

85,149

128,015

12,978

226,142

NET BOOK VALUE

At 30th April 2025

70,135

72,310

2,771

145,216

At 30th April 2024

43,308

94,611

1,870

139,789

5.

STOCKS

2025

2024

£

£

Stocks

4,500

4,500

Work-in-progress

65,000

22,470

69,500

26,970

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

127,329

89,410

Other debtors

500

-

Prepayments

7,714

5,585

135,543

94,995

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

58,994

30,129

Corporation tax

41,157

31,457

Social security and other taxes

8,302

3,920

VAT

35,767

31,036

Directors' current accounts

81

2,986

Accrued expenses

1,193

25,192

145,494

124,720

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its directors.