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CONSTRUCTIONARIUM LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The entity (registration number 05434344) is a private company limited by guarantee and is registered in England and Wales.
The address of the company's registered office is c/o CIC, The Building Centre, 26 Store Street, London WC1E 7BT.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in GBP rounded to the nearest £.
As a not-for-profit organisation, the directors have chosen to present the results in the form of income and expenditure.
The directors have also chosen to not capitalise grant funded fixed assets, preferring instead to match the income against the expenditure.
The following principal accounting policies have been applied:
Income is recognised to the extent that it is probable that the economic benefits will flow to the Company and the income can be reliably measured. Income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before income is recognised:
Rendering of services
Income from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of income can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Income from Sponsorship and Grants are recognised in the period in which the relevant sponsorship or grant is received.
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