REGISTERED NUMBER: 04524340 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Corbey Construction Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Director:

G Corbey

Secretary:

Mrs V Corbey

Registered office:

Treleaver

Mithian Downs

St Agnes

Cornwall

TR5 0PY

Registered number:

04524340 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

1,201

1,348

1,201

1,348

Current assets

Work in progress

236,335

143,536

Debtors

6

179,629

236,176

Cash at bank

73,295

36,037

489,259

415,749

Creditors

Amounts falling due within one year

7

234,617

239,045

Net current assets

254,642

176,704

Total assets less current liabilities

255,843

178,052

Capital and reserves

Called up share capital

8

100

100

Retained earnings

255,743

177,952

Shareholders' funds

255,843

178,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

..........................................................

G Corbey - Director

1.	STATUTORY INFORMATION

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

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 amounts invoiced in respect of goods and services, net of any value added tax and is adjusted to reflect the value of work in progress at the year end.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, was amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is calculated to write down the cost of tangible fixed assets over their expected useful economic lives using the following rates:

Equipment 15% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. In respect of work in progress cost includes a relevant proportion of overheads according to the stage of completion.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Leasing commitments

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

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

4,000

Amortisation

At 1 April 2024

and 31 March 2025

4,000

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Equipment

£

Cost

At 1 April 2024

6,286

Additions

120

Disposals

(4,526

)

At 31 March 2025

1,880

Depreciation

At 1 April 2024

4,938

Charge for year

267

Eliminated on disposal

(4,526

)

At 31 March 2025

679

Net book value

At 31 March 2025

1,201

At 31 March 2024

1,348

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

165,642

224,467

Other debtors

13,987

11,709

179,629

236,176

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,318

39,323

Trade creditors

45,777

43,346

Taxation and social security

123,853

51,221

Other creditors

60,669

105,155

234,617

239,045

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£1

100

100

9.	RELATED PARTIES

At the balance sheet date, the director, Mr G Corbey was owed £28,530 & his wife, Mrs V Corbey was owed £28,529 by the company.

The amount was interest free, unsecured and carried no fixed term of repayment.

10.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr G Corbey, the director, and his wife Mrs V Corbey.