Conroy Brook Construction Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05055051 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Conroy Brook Construction Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J L Brook

Mr R Conroy

Mr B J Bailey

REGISTERED OFFICE:

Burdwell Works

172 New Mill Road

Brockholes

Huddersfield

West Yorkshire

HD9 7AZ

REGISTERED NUMBER:

05055051 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

CURRENT ASSETS

Stocks

2,415

1,114,021

Debtors

5

271,143

555,982

Cash at bank

13,016

11,543

286,574

1,681,546

CREDITORS

Amounts falling due within one year

6

217,587

1,592,463

NET CURRENT ASSETS

68,987

89,083

TOTAL ASSETS LESS CURRENT LIABILITIES

68,987

89,083

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

68,887

88,983

SHAREHOLDERS' FUNDS

68,987

89,083

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2021 and were signed on its behalf by:

Mr R Conroy - Director

1.	STATUTORY INFORMATION

Conroy Brook Construction Ltd 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 and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The global COVID-19 pandemic has hugely impacted the UK and caused enormous disruption across the whole society, economy and businesses in all sectors, including the construction sector. However, taking into account all facilities available, the directors believe the company has sufficient financial resources to continue to trade for the next 12 months from the date the accounts are approved and so the accounts are drawn up on a going concern basis.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover and profit recognition

Contracting turnover comprises the value of work executed during the year. Other turnover represents amounts earned on goods and services supplied during the year including property sales completed.

Operating profit comprises the results of contracting and property development. It includes the results attributable to contracts completed and long-term contracts in progress where a profitable outcome can be predictably foreseen, after deducting amounts recognised in previous years and after making provision for foreseeable losses. Profit is taken on property sales when legal completion has taken place.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

219,712

172,614

Amounts owed by group undertakings

49,930

-

Other debtors

1,501

383,368

271,143

555,982

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

177,881

333,118

Amounts owed to group undertakings

-

838,643

Taxation and social security

204

10,131

Other creditors

39,502

410,571

217,587

1,592,463

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary shares

£1

100

100

8.	ULTIMATE CONTROLLING PARTY