Company Registration No. 08934862 (England and Wales)
Classic Construction North West Limited
Unaudited accounts
for the year ended 31 March 2022
Classic Construction North West Limited
Unaudited accounts
Contents
Classic Construction North West Limited
Company Information
for the year ended 31 March 2022
Company Number
08934862 (England and Wales)
Accountants
KLAS ACCOUNTANTS LTD
Eastham Hall
109, Eastham Village Road
Eastham
Wirral
CH62 0AF
Classic Construction North West Limited
Statement of financial position
as at
31 March 2022
Tangible assets
5,637
8,287
Cash at bank and in hand
51,405
76,311
Creditors: amounts falling due within one year
(25,979)
(70,274)
Net current assets
26,426
11,037
Called up share capital
1
1
Profit and loss account
32,062
19,323
Shareholders' funds
32,063
19,324
For the year ending 31 March 2022 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 June 2022 and were signed on its behalf by
Kenneth Ledsome
Director
Company Registration No. 08934862
Classic Construction North West Limited
Notes to the Accounts
for the year ended 31 March 2022
Classic Construction North West Limited is a private company, limited by shares, registered in England and Wales, registration number 08934862.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33% reducing balance
Computer equipment
15% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Classic Construction North West Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
17,494
770
18,264
At 31 March 2022
17,494
770
18,264
At 1 April 2021
9,680
297
9,977
Charge for the year
2,579
71
2,650
At 31 March 2022
12,259
368
12,627
At 31 March 2022
5,235
402
5,637
At 31 March 2021
7,814
473
8,287
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
4,619
1,090
Loans from directors
9,353
67,984
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).