REGISTERED NUMBER: 06134570 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CORE BUILDING AND CARPENTRY SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Macanbhaird

Mr R W Marshall

Mr T Pankovas

SECRETARY:

Mrs D A Ward

REGISTERED OFFICE:

Unit 1 Victoria Park Industrial Centre

Rothbury Road

London

E9 5HD

REGISTERED NUMBER:

06134570 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Intangible assets

4

91,190

-

Tangible assets

5

261,142

359,864

Investments

6

129,876

94,484

482,208

454,348

CURRENT ASSETS

Stocks

7

62,000

65,000

Debtors

8

1,153,199

1,830,952

Cash at bank and in hand

581,412

379,057

1,796,611

2,275,009

CREDITORS

Amounts falling due within one year

9

1,294,463

1,993,443

NET CURRENT ASSETS

502,148

281,566

TOTAL ASSETS LESS CURRENT LIABILITIES

984,356

735,914

CREDITORS

Amounts falling due after more than one year

10

(165,391

)

(224,727

)

PROVISIONS FOR LIABILITIES

(78,472

)

(94,140

)

NET ASSETS

740,493

417,047

CAPITAL AND RESERVES

Called up share capital

13

9,001

9,001

Revaluation reserve

39,560

13,016

Capital redemption reserve

1,001

1,001

Retained earnings

690,931

394,029

SHAREHOLDERS' FUNDS

740,493

417,047

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 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 4 December 2025 and were signed on its behalf by:

Mr S Macanbhaird - Director

1.	STATUTORY INFORMATION

Core Building And Carpentry Services 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible fixed assets held for the company's own use are stated at cost less accumulated amortisation and accumulated impairment losses.

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

Computer Software

- 20% straight line

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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

Plant and machinery

- 20% straight line

Motor vehicles

- 20% straight line

Computer equipment

- 20% straight line

Improvements to property

- 20% straight line

Stocks

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

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Hire purchase agreements are secured over the assets to which they relate.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at transaction price.

Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Fixed asset investments

Fixed asset investments relate to gold bars, these investments are initially recognised at their transaction value and subsequently at fair value at the end of each reporting period. Any gain or loss is recognised in the profit and loss. An impairment is carried out on the asset should the fair value be less than the initial cost.

The storage costs are charged to the profit and loss account in the year incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

113,987

At 31 March 2025

113,987

AMORTISATION

Amortisation for year

22,797

At 31 March 2025

22,797

NET BOOK VALUE

At 31 March 2025

91,190

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

-

42,841

655,359

9,921

708,121

Additions

12,610

2,217

-

795

15,622

Disposals

-

-

(39,769

)

-

(39,769

)

At 31 March 2025

12,610

45,058

615,590

10,716

683,974

DEPRECIATION

At 1 April 2024

-

42,802

301,189

4,266

348,257

Charge for year

2,522

463

109,216

2,143

114,344

Eliminated on disposal

-

-

(39,769

)

-

(39,769

)

At 31 March 2025

2,522

43,265

370,636

6,409

422,832

NET BOOK VALUE

At 31 March 2025

10,088

1,793

244,954

4,307

261,142

At 31 March 2024

-

39

354,170

5,655

359,864

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

517,085

DEPRECIATION

At 1 April 2024

186,111

Charge for year

103,417

At 31 March 2025

289,528

NET BOOK VALUE

At 31 March 2025

227,557

At 31 March 2024

330,974

Hire purchase agreements are secured over the assets to which they relate.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

94,484

Revaluations

35,392

At 31 March 2025

129,876

NET BOOK VALUE

At 31 March 2025

129,876

At 31 March 2024

94,484

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

129,876

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

77,130

77,130

Fixed asset investments were valued on an open market basis on 31 March 2025 by the directors .

7.

STOCKS

2025

2024

£

£

Stocks

62,000

65,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

983,368

1,651,570

Other debtors

73,717

79,864

Directors' loan accounts

81,450

96,247

Prepayments and accrued income

14,664

3,271

1,153,199

1,830,952

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 11)

59,336

76,802

Trade creditors

47,298

121,121

Corporation tax

138,015

15,012

Taxation and social security

38,129

54,853

VAT

222,135

389,385

Other creditors

16,476

2,700

Deferred income

771,954

1,332,517

Accrued expenses

1,120

1,053

1,294,463

1,993,443

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 11)

165,391

224,727

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

59,336

76,802

Between one and five years

165,391

224,727

224,727

301,529

Non-cancellable

operating leases

2025

2024

£

£

Within one year

46,500

74,600

Between one and five years

139,500

186,000

186,000

260,600

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase

224,727

301,529

Security is provided by way of fixed and floating charges over the debt in which it relates to.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

9,000

Ordinary shares

£1

9,000

9,000

1

Preference shares

£1

1

1

9,001

9,001

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr S Macanbhaird

Balance outstanding at start of year

96,247

102,253

Amounts advanced

108,701

103,994

Amounts repaid

(123,499

)

(110,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

81,449

96,247

Interest is charged on the overdrawn loan at the H M Revenue and Customs approved rate of 2.25%.

15.	ULTIMATE CONTROLLING PARTY

The controlling part is Mr S Macanbhaird, by virtue of his ordinary shareholding.