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REGISTERED NUMBER: 01323310 (England and Wales)















UNDERPIN & MAKEGOOD (CONTRACTING)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018






UNDERPIN & MAKEGOOD (CONTRACTING)
LIMITED (REGISTERED NUMBER: 01323310)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNDERPIN & MAKEGOOD (CONTRACTING)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTORS: D Gakhar
H D Maddox
G Scard





SECRETARY: John Playfair Associates





REGISTERED OFFICE: Units 1 & 2 Franklin House
Crown Road
Enfield
Middlesex
EN1 1FE





REGISTERED NUMBER: 01323310 (England and Wales)





ACCOUNTANTS: Playfair Partnerships Limited
Studio 103
Mill Studio Business Centre
Crane Mead
Ware
Hertfordshire
SG12 9 PY

UNDERPIN & MAKEGOOD (CONTRACTING)
LIMITED (REGISTERED NUMBER: 01323310)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 432,630 538,827
Investments 6 8 8
432,638 538,835

CURRENT ASSETS
Debtors 7 2,211,410 1,850,784
Cash at bank and in hand 286,473 191,279
2,497,883 2,042,063
CREDITORS
Amounts falling due within one year 8 1,262,391 904,245
NET CURRENT ASSETS 1,235,492 1,137,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,668,130

1,676,653

CREDITORS
Amounts falling due after more than one
year

9

(100,305

)

(199,884

)

PROVISIONS FOR LIABILITIES 11 (62,344 ) (78,135 )
NET ASSETS 1,505,481 1,398,634

CAPITAL AND RESERVES
Called up share capital 1,602 1,602
Retained earnings 1,503,879 1,397,032
1,505,481 1,398,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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.

UNDERPIN & MAKEGOOD (CONTRACTING)
LIMITED (REGISTERED NUMBER: 01323310)

BALANCE SHEET - continued
28 FEBRUARY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13 November 2018 and were signed on
its behalf by:





D Gakhar - Director


UNDERPIN & MAKEGOOD (CONTRACTING)
LIMITED (REGISTERED NUMBER: 01323310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018


1. STATUTORY INFORMATION

Underpin & Makegood (Contracting) 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.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling (£) which is also the functional currency for the
company.

Preparation of consolidated financial statements
The financial statements contain information about Underpin & Makegood (Contracting) Limited as an
individual company and do not contain consolidated financial information as the parent of a group. The
company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to
prepare consolidated financial statements.

Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and
assumptions about the carrying values of assets and liabilities that are not readily apparent from other
sources. The estimates and underlying assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects both
current and future periods.

There are no key judgements and sources of estimation uncertainty that have a significant effect on
the amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and
value added taxes.Turnover includes revenue earned from the rendering of services.

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. Turnover is only recognised to the extent of
recoverable expenses when the outcome of a contract cannot be estimated reliably.

UNDERPIN & MAKEGOOD (CONTRACTING)
LIMITED (REGISTERED NUMBER: 01323310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
At each reporting date, property, plant and equipment are reviewed to determine whether there is any
indication that those assets have suffered an impairment loss. If there is an indication of possible
impairment, the recoverable amount of any affected asset is estimated and compared with its carrying
amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated
recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the
revised estimate of its recoverable amount, but not in excess of the amount that would have been
determined had no impairment loss been recognised for the asset in prior years. A reversal of
impairment is recognised immediately in profit or loss.

Depreciation has been computed to write off the cost of the property, plant and equipment over their
useful expected lives using the following rates:

Short leasehold - Straight line over the life of the lease
Plant and Machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the
current or past reporting periods using tax rates that have been enacted or substantively enacted by
the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax
losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against future taxable profits or against the reversal of deferred tax liabilities.

Deferred tax relating to a non-depreciable asset that is measured using the revaluation model, or to
investment properties measured at fair value, is measured using the tax rates and allowances that
apply to the sale of the asset.

Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the
reporting date that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the
risks and rewards of ownership of the leased asset to the company. All other leases are classified as
operating leases.

Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet and
are depreciated over the shorter of the lease term and the asset's useful lives.

Rentals payable under operating leases are charged in the profit and loss account on a straight line
basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.

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.

UNDERPIN & MAKEGOOD (CONTRACTING)
LIMITED (REGISTERED NUMBER: 01323310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


3. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are measured at transaction price less any impairment unless the
arrangement constitutes a financing transaction in which case the transaction is measured at the
present value of the future receipts discounted at the prevailing market rate of interest. Loans are
initially measured at fair value and are subsequently measured at amortised cost using the effective
interest method less any impairment.

Trade and other creditors
Trade and other creditors are measured at their transaction price unless the arrangement constitutes a
financing transaction in which case the transaction is measured at present value of future payments
discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair
value net of their transaction costs. They are subsequently measured at amortised cost using the
effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2017 - 47 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2017 7,124 1,169,272 331,812 489,951 1,998,159
Additions - - 4,504 28,645 33,149
Disposals - - (575 ) - (575 )
At 28 February 2018 7,124 1,169,272 335,741 518,596 2,030,733
DEPRECIATION
At 1 March 2017 5,495 673,811 320,236 459,790 1,459,332
Charge for year 416 113,109 4,862 20,959 139,346
Eliminated on disposal - - (575 ) - (575 )
At 28 February 2018 5,911 786,920 324,523 480,749 1,598,103
NET BOOK VALUE
At 28 February 2018 1,213 382,352 11,218 37,847 432,630
At 28 February 2017 1,629 495,461 11,576 30,161 538,827


UNDERPIN & MAKEGOOD (CONTRACTING)
LIMITED (REGISTERED NUMBER: 01323310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2017
and 28 February 2018 8
NET BOOK VALUE
At 28 February 2018 8
At 28 February 2017 8

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 373,099 85,358
Amounts owed by group undertakings 760,373 819,152
Amounts recoverable on contract 967,176 829,473
Other debtors 89,344 89,457
Taxation - 1,756
Prepayments and accrued income 21,418 25,588
2,211,410 1,850,784

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts - 24,126
Hire purchase contracts 121,868 147,315
Trade creditors 397,531 253,902
Amounts owed to group undertakings 146,389 59,731
Taxation and social security 199,954 82,140
Other creditors 396,649 337,031
1,262,391 904,245

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 100,305 199,884

UNDERPIN & MAKEGOOD (CONTRACTING)
LIMITED (REGISTERED NUMBER: 01323310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 222,173 347,199

Hire purchase debts are secured over the specific assets that were purchased using the finance.

The Director, D R Gakhar, has given a personal guarantee of £150,000 to secure all liabilities of the
company.

An unlimited intragroup guarantee exists between U & M Group Limited, M25 Scaffolding Limited,
Bush Hill Construction Limited, U & M Piling Limited and Underpin & Makegood (Contracting) Limited
to secure all liabilities of each other.

Bank facilities are secure by way of fixed and floating charges over the assets of the company.

11. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax
Accelerated capital allowances 62,344 78,135

Deferred
tax
£   
Balance at 1 March 2017 78,135
Credit to Income Statement during year (15,791 )
Balance at 28 February 2018 62,344

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party transactions with wholly owned subsidiaries within the group.