REGISTERED NUMBER: 05024497 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

CAMELOT CONSTRUCTION LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

926,466

892,769

CURRENT ASSETS

Stocks

-

520,518

Debtors: amounts falling due within one year

5

309,493

7,495

Cash at bank

376,381

206,845

685,874

734,858

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

(1,187,740

)

(1,114,520

)

NET CURRENT LIABILITIES

(501,866

)

(379,662

)

TOTAL ASSETS LESS CURRENT LIABILITIES

424,600

513,107

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

(232,035

)

(339,445

)

PROVISIONS FOR LIABILITIES

(31,616

)

(17,626

)

NET ASSETS

160,949

156,036

CAPITAL AND RESERVES

Called up share capital

11

11

Capital redemption reserve

90

90

Retained earnings

160,848

155,935

160,949

156,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 October 2025 and were signed by:

A Bishop - Director

1.	STATUTORY INFORMATION

Camelot Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05024497

Registered office:

The Hook and Hatchet Inn

Church Road

Hucking

Maidstone

Kent

ME17 1QT

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.

Income recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company provides general building services. When the outcome of a transaction for rendering of services can be estimated reliably in terms of revenue, costs and stage of completion, the company recognises revenue on the sale of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered.

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 February 2024

800,000

21,346

18,105

302,347

1,141,798

Additions

-

-

3,267

83,381

86,648

Disposals

-

-

-

(19,193

)

(19,193

)

At 31 January 2025

800,000

21,346

21,372

366,535

1,209,253

DEPRECIATION

At 1 February 2024

-

9,928

14,100

225,001

249,029

Charge for year

-

2,855

1,818

37,482

42,155

Eliminated on disposal

-

-

-

(8,397

)

(8,397

)

At 31 January 2025

-

12,783

15,918

254,086

282,787

NET BOOK VALUE

At 31 January 2025

800,000

8,563

5,454

112,449

926,466

At 31 January 2024

800,000

11,418

4,005

77,346

892,769

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

107,792

4,703

Other debtors

201,701

2,792

309,493

7,495

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans and overdrafts

144,583

139,779

Hire purchase contracts

22,161

10,211

Trade creditors

704,359

642,538

Taxation and social security

268,605

265,044

Other creditors

48,032

56,948

1,187,740

1,114,520

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans

191,989

336,571

Hire purchase contracts

40,046

2,874

232,035

339,445

8.	SECURED DEBTS

A debenture charge was created on 12 March 2004 in favour of HSBC Bank PLC over all of the company's assets.