Caseware UK (AP4) 2021.0.152 2021.0.152 2021-10-312021-10-31true2020-11-01falseNo description of principal activity21trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07395662 2020-11-01 2021-10-31 07395662 2019-11-01 2020-10-31 07395662 2021-10-31 07395662 2020-10-31 07395662 c:Director1 2020-11-01 2021-10-31 07395662 d:Buildings 2020-11-01 2021-10-31 07395662 d:Buildings 2021-10-31 07395662 d:Buildings 2020-10-31 07395662 d:Buildings d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 07395662 d:Buildings d:LeasedAssetsHeldAsLessee 2020-11-01 2021-10-31 07395662 d:LandBuildings 2021-10-31 07395662 d:LandBuildings 2020-10-31 07395662 d:PlantMachinery 2020-11-01 2021-10-31 07395662 d:PlantMachinery 2021-10-31 07395662 d:PlantMachinery 2020-10-31 07395662 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 07395662 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2020-11-01 2021-10-31 07395662 d:MotorVehicles 2020-11-01 2021-10-31 07395662 d:MotorVehicles 2021-10-31 07395662 d:MotorVehicles 2020-10-31 07395662 d:MotorVehicles d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 07395662 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-11-01 2021-10-31 07395662 d:FurnitureFittings 2020-11-01 2021-10-31 07395662 d:FurnitureFittings 2021-10-31 07395662 d:FurnitureFittings 2020-10-31 07395662 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 07395662 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2020-11-01 2021-10-31 07395662 d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 07395662 d:LeasedAssetsHeldAsLessee 2020-11-01 2021-10-31 07395662 d:CurrentFinancialInstruments 2021-10-31 07395662 d:CurrentFinancialInstruments 2020-10-31 07395662 d:Non-currentFinancialInstruments 2021-10-31 07395662 d:Non-currentFinancialInstruments 2020-10-31 07395662 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 07395662 d:CurrentFinancialInstruments d:WithinOneYear 2020-10-31 07395662 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 07395662 d:Non-currentFinancialInstruments d:AfterOneYear 2020-10-31 07395662 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-10-31 07395662 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-10-31 07395662 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 07395662 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-10-31 07395662 d:ShareCapital 2021-10-31 07395662 d:ShareCapital 2020-10-31 07395662 d:RetainedEarningsAccumulatedLosses 2021-10-31 07395662 d:RetainedEarningsAccumulatedLosses 2020-10-31 07395662 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-10-31 07395662 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-10-31 07395662 c:FRS102 2020-11-01 2021-10-31 07395662 c:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 07395662 c:FullAccounts 2020-11-01 2021-10-31 07395662 c:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 07395662 d:HirePurchaseContracts d:WithinOneYear 2021-10-31 07395662 d:HirePurchaseContracts d:WithinOneYear 2020-10-31 07395662 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-10-31 07395662 d:HirePurchaseContracts d:BetweenOneFiveYears 2020-10-31 07395662 2 2020-11-01 2021-10-31 07395662 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-10-31 07395662 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2020-10-31 07395662 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-10-31 07395662 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-10-31 07395662 d:LeasedAssetsHeldAsLessee 2021-10-31 07395662 d:LeasedAssetsHeldAsLessee 2020-10-31 iso4217:GBP xbrli:pure

Registered number: 07395662









A.L.L. SURFACING CONTRACTORS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

 
A.L.L. SURFACING CONTRACTORS LTD
REGISTERED NUMBER: 07395662

BALANCE SHEET
AS AT 31 OCTOBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
559,211
288,967

  
559,211
288,967

Current assets
  

Stocks
 5 
20,000
1,150

Debtors: amounts falling due within one year
 6 
1,103,594
936,222

Cash at bank and in hand
 7 
523,215
760,799

  
1,646,809
1,698,171

Creditors: amounts falling due within one year
 8 
(1,093,169)
(938,628)

Net current assets
  
 
 
553,640
 
 
759,543

Total assets less current liabilities
  
1,112,851
1,048,510

Creditors: amounts falling due after more than one year
 9 
(198,471)
(26,944)

  

Net assets
  
914,380
1,021,566


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
914,280
1,021,466

  
914,380
1,021,566


Page 1

 
A.L.L. SURFACING CONTRACTORS LTD
REGISTERED NUMBER: 07395662
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2022.




................................................
Danny Woods
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
A.L.L. SURFACING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.


General information

The Company is a private company limited by share capital incorporated in England & Wales. The principal place of business is 44a Cobham Road, Ferndown Industrial Estate, Wimbourne, BH21 7QG. The principal activity of the Company throughout the year was that of providing surfacing to roads and driveways.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
A.L.L. SURFACING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
A.L.L. SURFACING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 1).

Page 5

 
A.L.L. SURFACING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 November 2020
-
396,102
262,459
6,961
665,522


Additions
270,951
137,331
21,590
2,658
432,530


Disposals
-
(138,078)
(9,995)
-
(148,073)



At 31 October 2021

270,951
395,355
274,054
9,619
949,979



Depreciation


At 1 November 2020
-
212,895
159,382
4,278
376,555


Charge for the year on owned assets
-
8,550
10,155
1,336
20,041


Charge for the year on financed assets
-
55,453
20,596
-
76,049


Disposals
-
(73,550)
(8,327)
-
(81,877)



At 31 October 2021

-
203,348
181,806
5,614
390,768



Net book value



At 31 October 2021
270,951
192,007
92,248
4,005
559,211



At 31 October 2020
-
183,207
103,077
2,683
288,967

Page 6

 
A.L.L. SURFACING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2021
2020
£
£

Freehold property
270,951
-

270,951
-


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2021
2020
£
£



Plant and machinery
166,359
86,812

Motor vehicles
61,784
75,707

228,143
162,519


5.


Stocks

2021
2020
£
£

Work in progress
20,000
1,150

20,000
1,150



6.


Debtors

2021
2020
£
£


Trade debtors
1,032,276
861,664

Other debtors
61,021
64,522

Prepayments and accrued income
10,297
10,036

1,103,594
936,222


Page 7

 
A.L.L. SURFACING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
523,215
760,799

523,215
760,799



8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
23,720
-

Trade creditors
858,287
807,046

Corporation tax
22,863
21,446

Other taxation and social security
11,122
1,510

Obligations under finance lease and hire purchase contracts
64,295
64,881

Other creditors
3,339
-

Accruals and deferred income
109,543
43,745

1,093,169
938,628


The following liabilities were secured:

2021
2020
£
£



Hire purchase contracts
64,295
64,881

64,295
64,881

Details of security provided:

The hire purchase contracts are secured over the assets concerned.

Page 8

 
A.L.L. SURFACING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

9.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
155,780
-

Net obligations under finance leases and hire purchase contracts
42,691
26,944

198,471
26,944


The following liabilities were secured:

2021
2020
£
£



Hire purchase contracts
42,691
26,944

42,691
26,944

Details of security provided:

The hire purchase contracts are secured over the assets concerned.


10.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
23,720
-

Amounts falling due 1-2 years

Bank loans
34,675
-

Amounts falling due 2-5 years

Bank loans
121,105
-


179,500
-


Page 9

 
A.L.L. SURFACING CONTRACTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2021
2020
£
£


Within one year
64,295
64,881

Between 1-5 years
42,691
26,944

106,986
91,825


12.


Financial instruments

2021
2020
£
£

Financial assets


Financial assets measured at fair value through profit or loss
523,215
760,799




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £13,574 (2020 - £22,000). Contributions totalling £745 (2020 - £nil) were payable to the fund at the balance sheet date and are included in creditors.


14.


Related party transactions

The Company sold equipment of £47,700 (2020 - £nil), recharged costs of £nil (2020 - £675), made purchases of £5,200 (2020 - £nil), paid dividends of £192,779 (2020 - £nil) to its parent company, Plant Hire (South) Limited. At the end of the year the Company was owed £nil (2020 - £810 included in trade debtors).


15.


Controlling party

The Company is wholly owned by Plant Hire (South) Limited.

 
Page 10