Core Construction (North West) Limited
|
Registered Number
:
04335225
|
For the year ended 31 December 2018
England and Wales
Unaudited Financial Statements
Core Construction (North West) Limited
Statement of Financial Position
2017
2018
750
1,000
2
Property
,
plant and equipment
|
31,959
28,465
3
32,709
29,465
Trade and other receivables
|
5,597
26,993
4
75,187
Cash and cash equivalents
|
9,768
36,761
80,784
Trade and other payables
:
amounts falling due within one
|
year
|
(99,724)
(112,457)
5
(18,940)
(75,696)
Net current liabilities
Total assets less current liabilities
|
(42,987)
10,525
(42,987)
Net assets/liabilities
10,525
100
100
(43,087)
10,425
(42,987)
10,525
Shareholders' funds
For the year ended 31 December 2018 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 of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr Stephen Mark Core Director
|
These financial statements were approved and authorised for issue by the Board on 07 August 2019 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 December 2018
Core Construction (North West) Limited
Notes to the Financial Statements
Statutory Information
Core Construction
(
North West
)
Limited is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
04335225
.
|
Eccles Farm 1 Southport Road
Formby
Liverpool
Merseyside
L37 7EN
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of 20 years.
|
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 December 2018
Core Construction (North West) Limited
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
5,000
5,000
4,000
250
Charge for year
4,250
750
1,000
3
.
Property
,
plant and equipment
|
Motor vehicles
69,148
5,402
29,268
34,478
11,484
1,001
10,000
483
34,961
39,268
6,403
80,632
Provision for depreciation and impairment
|
40,683
2,612
11,467
26,604
Charge for year
7,990
758
5,560
1,672
48,673
3,370
17,027
28,276
6,685
22,241
3,033
31,959
7,874
17,801
2,790
28,465
4
.
Trade and other receivables
|
2017
2018
26,993
5,597
3 of 4
For the year ended 31 December 2018
Core Construction (North West) Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
66,890
25,261
Taxation and social security
|
9,143
49,694
Accruals and deferred income
|
9,551
15,087
Directors
'
loan accounts
|
17,207
4,007
9,666
5,675
112,457
99,724
6
.
Related party transactions
|
The company is associated with S
&
LC Limited of which there was a balance of £
7920
(
2017
:
0
)
as at
31
December
|
2018
shown in Trade and other payables
:
amounts due within one year
.
|
During the year there were transactions totalling £
40
,
243
(
2017
:
£
67
,
980
)
for payments made by S
&
LC Limited on
|
behalf of the company for the provision of labour
,
with all transactions being made on an arms length basis
.
|
During the year
,
dividends were paid to the directors as follows
:
|
L
.
M
.
Core £
16
,
175
(
2017
:
£
47
,
500
)
|
S
.
M
.
Core £
16
,
175
(
2017
:
£
47
,
500
)
|
7
.
Directors advances and guarantees
|
Repaid
Mr Stephen Mark Core
Director's Advances
(8,604)
(2,004)
6,600
(8,604)
(2,004)
6,600
Mrs Lisa Core
Director's Advances
(8,603)
(2,003)
6,600
(8,603)
(2,003)
6,600
4 of 4