Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-07-012No description of principal activitytrue 09912496 2022-07-01 2023-04-30 09912496 2021-07-01 2022-06-30 09912496 2023-04-30 09912496 2022-06-30 09912496 c:Director4 2022-07-01 2023-04-30 09912496 d:CurrentFinancialInstruments 2023-04-30 09912496 d:CurrentFinancialInstruments 2022-06-30 09912496 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09912496 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09912496 d:ShareCapital 2023-04-30 09912496 d:ShareCapital 2022-06-30 09912496 d:RetainedEarningsAccumulatedLosses 2023-04-30 09912496 d:RetainedEarningsAccumulatedLosses 2022-06-30 09912496 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 09912496 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 09912496 c:FRS102 2022-07-01 2023-04-30 09912496 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-04-30 09912496 c:FullAccounts 2022-07-01 2023-04-30 09912496 c:PrivateLimitedCompanyLtd 2022-07-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 09912496










SENATE (CONSTRUCTION SERVICES) LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2023

 
SENATE (CONSTRUCTION SERVICES) LTD
REGISTERED NUMBER: 09912496

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

30 April
30 June
2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
45,500
144,346

Cash at bank and in hand
 5 
9,469
60,239

  
54,969
204,585

Creditors: amounts falling due within one year
 6 
(71,146)
(135,526)

Net current (liabilities)/assets
  
 
 
(16,177)
 
 
69,059

Total assets less current liabilities
  
(16,177)
69,059

  

Net (liabilities)/assets
  
(16,177)
69,059


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(16,181)
69,055

  
(16,177)
69,059


Page 1

 
SENATE (CONSTRUCTION SERVICES) LTD
REGISTERED NUMBER: 09912496
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2023

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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 22 September 2023.




K E Vogel
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SENATE (CONSTRUCTION SERVICES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (No. 09912496). The registered office address is c/o Langtons, 11th Floor, The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
These financial statements present information about the company as an individual undertaking; it is a subsidiary of Senate Group Holdings Limited. The principal activity of the company is the construction of civil engineering projects.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

 
SENATE (CONSTRUCTION SERVICES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.3

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 reporting 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.

 
2.4

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.

 
2.5

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the
Page 4

 
SENATE (CONSTRUCTION SERVICES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.7

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.

 
2.8

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.

 
2.9

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 reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2023
        2022
            No.
            No.







Directors
2
2

Page 5

 
SENATE (CONSTRUCTION SERVICES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

4.


Debtors

30 April
30 June
2023
2022
£
£


Trade debtors
-
103,499

Other debtors
20,097
111

Prepayments and accrued income
25,403
40,736

45,500
144,346



5.


Cash and cash equivalents

30 April
30 June
2023
2022
£
£

Cash at bank and in hand
9,469
60,239

9,469
60,239



6.


Creditors: Amounts falling due within one year

30 April
30 June
2023
2022
£
£

Trade creditors
651
104,150

Amounts owed to group undertakings
70,000
-

Corporation tax
-
30,883

Other taxation and social security
40
38

Other creditors
455
455

71,146
135,526


Page 6

 
SENATE (CONSTRUCTION SERVICES) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

7.


Financial instruments

30 April
30 June
2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
9,469
60,239




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


8.


Related party transactions

The company paid S & C Property Services Limited, a company controlled by a director who served during the period, C. J. Crosby,  £NIL for the provision of management services during the year (2022: £70,000). 


9.


Controlling party

The company is a wholly owned subsidiary of Senate Group Holdings Limited, a company registered in England and Wales. The ultimate controlling party is K. E. Vogel, a director.

Page 7