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Registered number: 08216061
Countryside Building & Civil Engineering Contractors Ltd.
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08216061
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 459,857 339,340
Investment Properties 5 63,718 63,718
523,575 403,058
CURRENT ASSETS
Stocks 6 24,388 20,466
Debtors 7 323,534 131,383
Cash at bank and in hand 229,222 514,649
577,144 666,498
Creditors: Amounts Falling Due Within One Year 8 (179,823 ) (207,642 )
NET CURRENT ASSETS (LIABILITIES) 397,321 458,856
TOTAL ASSETS LESS CURRENT LIABILITIES 920,896 861,914
Creditors: Amounts Falling Due After More Than One Year 9 (162,128 ) (142,347 )
NET ASSETS 758,768 719,567
CAPITAL AND RESERVES
Called up share capital 11 10 10
Profit and Loss Account 758,758 719,557
SHAREHOLDERS' FUNDS 758,768 719,567
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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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Shotton
Director
Mrs Jeanette Shotton
Director
25th September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Countryside Building & Civil Engineering Contractors Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 08216061 . The registered office is Moor Edge, Longhorsley, Morpeth, Northumberland, NE65 8TE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold In accordance with property
Plant & Machinery 25% straight line & 20% reducing balance
Motor Vehicles 25% & 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 101,581 202,541 230,456 -
Additions 12,700 129,218 105,023 8,320
Disposals - (35,000 ) - -
As at 30 September 2024 114,281 296,759 335,479 8,320
Depreciation
As at 1 October 2023 2,031 97,161 100,581 -
Provided during the period - 59,683 44,090 956
Disposals - (1,167 ) - -
As at 30 September 2024 2,031 155,677 144,671 956
Net Book Value
As at 30 September 2024 112,250 141,082 190,808 7,364
As at 1 October 2023 99,550 105,380 129,875 -
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Computer Equipment Total
£ £
Cost
As at 1 October 2023 6,197 540,775
Additions 5,909 261,170
Disposals - (35,000 )
As at 30 September 2024 12,106 766,945
Depreciation
As at 1 October 2023 1,662 201,435
Provided during the period 2,091 106,820
Disposals - (1,167 )
As at 30 September 2024 3,753 307,088
Net Book Value
As at 30 September 2024 8,353 459,857
As at 1 October 2023 4,535 339,340
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 63,718
6. Stocks
2024 2023
£ £
Work in progress 24,388 20,466
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 120,453 70,074
Other debtors 203,081 61,309
323,534 131,383
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 49,265 32,834
Trade creditors 67,782 10,073
Bank loans and overdrafts 5,556 5,556
Other creditors 30,820 4,595
Taxation and social security 26,400 154,584
179,823 207,642
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 136,202 110,865
Bank loans 25,926 31,482
162,128 142,347
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 49,265 32,834
Later than one year and not later than five years 136,202 110,865
185,467 143,699
185,467 143,699
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Martin Shotton 9,730 61,829 9,730 - 61,829
Miss Jeanette Shotton 9,731 61,830 9,731 - 61,830
The above loan is unsecured, interest free and repayable on demand.
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