Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31false22022-09-01falseThe principal activity of the business is construction of utility projects for fluids2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13249397 2022-09-01 2023-08-31 13249397 2021-03-01 2022-08-31 13249397 2023-08-31 13249397 2022-08-31 13249397 1 2022-09-01 2023-08-31 13249397 d:Director1 2022-09-01 2023-08-31 13249397 c:PlantMachinery 2022-09-01 2023-08-31 13249397 c:PlantMachinery 2023-08-31 13249397 c:PlantMachinery 2022-08-31 13249397 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 13249397 c:MotorVehicles 2022-09-01 2023-08-31 13249397 c:FurnitureFittings 2022-09-01 2023-08-31 13249397 c:FurnitureFittings 2023-08-31 13249397 c:FurnitureFittings 2022-08-31 13249397 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 13249397 c:OfficeEquipment 2022-09-01 2023-08-31 13249397 c:OfficeEquipment 2023-08-31 13249397 c:OfficeEquipment 2022-08-31 13249397 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 13249397 c:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 13249397 c:CurrentFinancialInstruments 2023-08-31 13249397 c:CurrentFinancialInstruments 2022-08-31 13249397 c:Non-currentFinancialInstruments 2023-08-31 13249397 c:Non-currentFinancialInstruments 2022-08-31 13249397 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 13249397 c:CurrentFinancialInstruments c:WithinOneYear 2022-08-31 13249397 c:Non-currentFinancialInstruments c:AfterOneYear 2023-08-31 13249397 c:Non-currentFinancialInstruments c:AfterOneYear 2022-08-31 13249397 c:ShareCapital 2023-08-31 13249397 c:ShareCapital 2022-08-31 13249397 c:RetainedEarningsAccumulatedLosses 2023-08-31 13249397 c:RetainedEarningsAccumulatedLosses 2022-08-31 13249397 c:AcceleratedTaxDepreciationDeferredTax 2023-08-31 13249397 c:AcceleratedTaxDepreciationDeferredTax 2022-08-31 13249397 d:FRS102 2022-09-01 2023-08-31 13249397 d:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 13249397 d:FullAccounts 2022-09-01 2023-08-31 13249397 d:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure



Company Registration No. 13249397 (England and Wales)







NOVASEVEN CIVILS LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2023




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
NOVASEVEN CIVILS LIMITED
REGISTERED NUMBER:13249397

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
319,372
175,297

  
319,372
175,297

Current assets
  

Debtors
 5 
628,287
202,808

Cash at bank and in hand
  
34,989
45,794

  
663,276
248,602

Creditors: amounts falling due within one year
 6 
(695,208)
(240,394)

Net current (liabilities)/assets
  
 
 
(31,932)
 
 
8,208

Total assets less current liabilities
  
287,440
183,505

Creditors: amounts falling due after more than one year
 7 
(229,316)
(141,728)

Provisions for liabilities
  

Deferred tax
 8 
(33,306)
(33,306)

  
 
 
(33,306)
 
 
(33,306)

Net assets
  
24,818
8,471


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
24,718
8,371

  
24,818
8,471


Page 1

 
NOVASEVEN CIVILS LIMITED
REGISTERED NUMBER:13249397
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 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 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 profit and loss account 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 26 October 2023.




___________________________
Gerald Anthony Ferry
Director

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

Page 2

 
NOVASEVEN CIVILS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Novaseven Civils Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Cadbury Close, London, United Kingdom, N20 9BD

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 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

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.

 
2.3

Borrowing costs

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

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
NOVASEVEN CIVILS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
25%
Fixtures and fittings
-
15%
Office equipment
-
20%

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.

 
2.6

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.


3.


Employees

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


        2023
        2022
            No.
            No.







Directors
2
2

Page 4

 
NOVASEVEN CIVILS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2022
208,065
2,015
-
210,080


Additions
204,978
5,100
6,612
216,690



At 31 August 2023

413,043
7,115
6,612
426,770



Depreciation


At 1 September 2022
34,481
302
-
34,783


Charge for the year on owned assets
71,711
684
220
72,615



At 31 August 2023

106,192
986
220
107,398



Net book value



At 31 August 2023
306,851
6,129
6,392
319,372



At 31 August 2022
173,584
1,713
-
175,297


5.


Debtors

2023
2022
£
£


Trade debtors
526,464
185,399

Other debtors
21,743
50

Prepayments
80,080
17,359

628,287
202,808


Page 5

 
NOVASEVEN CIVILS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Funding account
136,372
16,003

Trade creditors
181,299
37,001

Other taxation and social security
19,533
34,863

Obligations under finance lease and hire purchase contracts
93,962
38,780

Director's Loan
258,872
87,950

Accruals
5,170
25,797

695,208
240,394



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
229,316
141,728

229,316
141,728



8.


Deferred taxation




2023


£






At beginning of year
(33,306)



At end of year
(33,306)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(33,306)
(33,306)

(33,306)
(33,306)


9.


Post balance sheet events

There were no events after the year end which materially affected the company.

Page 6

 
NOVASEVEN CIVILS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Controlling party

Gerald Ferry and Roy Rodgers each control 50% of the ordinary share capital of Novaseven Civils Limited and are the company's ultimate controllers.
 
Page 7