Caseware UK (AP4) 2021.0.152 2021.0.152 2021-09-302021-09-30No description of principal activityfalse172020-10-0117truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04845080 2020-10-01 2021-09-30 04845080 2019-10-01 2020-09-30 04845080 2021-09-30 04845080 2020-09-30 04845080 c:Director1 2020-10-01 2021-09-30 04845080 d:Buildings 2020-10-01 2021-09-30 04845080 d:Buildings 2021-09-30 04845080 d:Buildings 2020-09-30 04845080 d:Buildings d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 04845080 d:Buildings d:LeasedAssetsHeldAsLessee 2020-10-01 2021-09-30 04845080 d:PlantMachinery 2020-10-01 2021-09-30 04845080 d:PlantMachinery 2021-09-30 04845080 d:PlantMachinery 2020-09-30 04845080 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 04845080 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2020-10-01 2021-09-30 04845080 d:MotorVehicles 2020-10-01 2021-09-30 04845080 d:MotorVehicles 2021-09-30 04845080 d:MotorVehicles 2020-09-30 04845080 d:MotorVehicles d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 04845080 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-10-01 2021-09-30 04845080 d:OfficeEquipment 2020-10-01 2021-09-30 04845080 d:OfficeEquipment 2021-09-30 04845080 d:OfficeEquipment 2020-09-30 04845080 d:OfficeEquipment d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 04845080 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2020-10-01 2021-09-30 04845080 d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 04845080 d:LeasedAssetsHeldAsLessee 2020-10-01 2021-09-30 04845080 d:Goodwill 2021-09-30 04845080 d:Goodwill 2020-09-30 04845080 d:CurrentFinancialInstruments 2021-09-30 04845080 d:CurrentFinancialInstruments 2020-09-30 04845080 d:Non-currentFinancialInstruments 2021-09-30 04845080 d:Non-currentFinancialInstruments 2020-09-30 04845080 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 04845080 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 04845080 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 04845080 d:Non-currentFinancialInstruments d:AfterOneYear 2020-09-30 04845080 d:ShareCapital 2021-09-30 04845080 d:ShareCapital 2020-09-30 04845080 d:RetainedEarningsAccumulatedLosses 2021-09-30 04845080 d:RetainedEarningsAccumulatedLosses 2020-09-30 04845080 c:FRS102 2020-10-01 2021-09-30 04845080 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 04845080 c:FullAccounts 2020-10-01 2021-09-30 04845080 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 04845080 d:HirePurchaseContracts d:WithinOneYear 2021-09-30 04845080 d:HirePurchaseContracts d:WithinOneYear 2020-09-30 04845080 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-09-30 04845080 d:HirePurchaseContracts d:BetweenOneFiveYears 2020-09-30 04845080 2 2020-10-01 2021-09-30 04845080 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-09-30 04845080 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2020-09-30 04845080 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-09-30 04845080 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-09-30 04845080 d:LeasedAssetsHeldAsLessee 2021-09-30 04845080 d:LeasedAssetsHeldAsLessee 2020-09-30 04845080 d:Goodwill d:OwnedIntangibleAssets 2020-10-01 2021-09-30 iso4217:GBP xbrli:pure












DENNY'S CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Registered number: 04845080

 
DENNY'S CONSTRUCTION LIMITED
REGISTERED NUMBER:04845080

BALANCE SHEET
AS AT 30 SEPTEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Intangible assets
 4 
29,483
32,533

Tangible assets
 5 
638,439
564,369

  
667,922
596,902

Current assets
  

Stocks
  
15,000
15,000

Debtors: amounts falling due within one year
 6 
610,614
211,962

  
625,614
226,962

Creditors: amounts falling due within one year
 7 
(704,519)
(463,089)

Net current liabilities
  
 
 
(78,905)
 
 
(236,127)

Total assets less current liabilities
  
589,017
360,775

Creditors: amounts falling due after more than one year
 8 
(155,897)
(162,810)

Provisions for liabilities
  

Deferred tax
  
(70,199)
(55,454)

Net assets
  
£362,921
£142,511


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
362,920
142,510

  
£362,921
£142,511


Page 1

 
DENNY'S CONSTRUCTION LIMITED
REGISTERED NUMBER:04845080

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2021

The directors consider 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 directors acknowledge their 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 comprehensive income 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 19 August 2022.



E R Denny
Director


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DENNY'S CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.


General information

Denny's Construction Limited is a private company, limited by shares, domiciled in England and Wales, registration number 04845080. The company's registered office is Foxhill, Sheringwood, Beeston Regis, Sheringham, Norfolk, NR26 8TS.

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

Turnover

Turnover represents revenue earned under a wide variety of contracts to provide civil engineering and groundworking services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under those contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including recoverable expenses and disbursements, but excluding Value Added Tax. Unbilled revenue is included in debtors, under 'amounts recoverable on contracts'.

 
2.3

Intangible assets

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Statement of Comprehensive Income over its estimated economic life of twenty years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives.
Depreciation is not provided on assets under construction and only provided when the asset is brought into use. Freehold land cost is not depreciated as this is considered to have an indefinite life.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant & machinery
-
10%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
15%
reducing balance

A full years depreciation charge is provided in the year of acquisition and none in the year of disposal.
Gains and losses on disposals are determined by comparing proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Page 3

 
DENNY'S CONSTRUCTION LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.5

Stocks

Stocks of building materials have been valued by the company directors, at the lower of cost and net realisable value.

 
2.6

Debtors

Debtors are measured at transaction price, less any impairment for bad or doubtful debts.

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instruments 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.

 
2.9

Creditors

Creditors are measured at transaction price.

 
2.10

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method in order that the amount charged is at a constant rate to the outstanding value of the loan or financed amount.

 
2.11

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.

 
2.12

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.

Page 4

 
DENNY'S CONSTRUCTION LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.13

Interest income

Interest income is recognised in the Statement of Comprehensive Income in the year in which it is received.

 
2.14

Borrowing costs

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

 
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.16

Current and deferred taxation

The taxation expense for the year comprises current and deferred tax. Taxation is only recognised in the Statement of Comprehensive Income.
The current corporation tax charge is calculated on the basis of taxation rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.
The charge for taxation takes into account taxation deferred or accelerated as a result of all material timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax assets are recognised only to the extent that they are regarded as recoverable within the foreseeable future. Deferred tax assets and liabilities are not discounted.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2020 - 17).

Page 5

 
DENNY'S CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2020
61,000



At 30 September 2021

61,000



Amortisation


At 1 October 2020
28,467


Charge for the year on owned assets
3,050



At 30 September 2021

31,517



Net book value



At 30 September 2021
£29,483



At 30 September 2020
£32,533



Page 6

 
DENNY'S CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

5.


Tangible fixed assets





Freehold land and building
Plant & machinery
Motor  vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2020
276,015
316,443
238,895
13,913
845,266


Additions
-
97,746
44,000
3,178
144,924



At 30 September 2021

276,015
414,189
282,895
17,091
990,190



Depreciation


At 1 October 2020
3,508
142,771
129,279
5,339
280,897


Charge for the year on owned assets
3,537
10,397
8,311
1,765
24,010


Charge for the year on financed assets
-
16,749
30,095
-
46,844



At 30 September 2021

7,045
169,917
167,685
7,104
351,751



Net book value



At 30 September 2021
£268,970
£244,272
£115,210
£9,987
£638,439



At 30 September 2020
£272,507
£173,672
£109,616
£8,574
£564,369

Included in freehold land and buildings is freehold land at a cost of £99,130 (2020 - £99,130) which is not depreciated.

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


2021
2020
£
£



Plant and machinery
150,745
104,476

Motor vehicles
90,284
87,991

£241,029
£192,467

Page 7

 
DENNY'S CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

6.


Debtors

2021
2020
£
£


Trade debtors
509,204
120,470

Other debtors
96,428
69,328

Amounts recoverable on long-term contracts
4,982
22,164

£610,614
£211,962


Included within other debtors due within one year is a loan to E R & Mrs S J Denny, the directors, amounting to £96,428 (2020 - £69,328). The maximum amount outstanding during the year was £159,872. Interest charged to the directors at the prevailing official rate during the period of the loan amounted to £2,217. The loan was repaid on 27 April 2022.


7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
73,609
78,254

Bank loans
37,778
46,667

Trade creditors
272,785
173,396

Corporation tax
94,157
21,176

Other taxation and social security
137,497
51,165

Obligations under finance lease and hire purchase contracts
70,913
76,725

Other creditors
9,976
7,934

Accruals and deferred income
7,804
7,772

£704,519
£463,089


Of the creditors falling due within one year, the obligations under finance leases and hire purchase contracts totalling £70,913 (2020 - £76,725) are secured on the assets concerned.


8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
81,667
119,444

Net obligations under finance leases and hire purchase contracts
74,230
43,366

£155,897
£162,810


Of the creditors falling due after more than one year, the obligations under finance leases and hire purchase contracts totalling £74,230 (2020 - £43,366) are secured on the assets concerned.

Page 8

 
DENNY'S CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2021
2020
£
£


Within one year
70,913
76,725

Between 1-5 years
74,230
43,366

£145,143
£120,091


10.


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 £10,107 (2020 - £9,981). Contributions totalling £517 (2020 - £415) were payable to the fund at the balance sheet date and are included in other creditors.


Page 9