Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31trueNo description of principal activity2022-04-01false55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07784354 2022-04-01 2023-03-31 07784354 2021-04-01 2022-03-31 07784354 2023-03-31 07784354 2022-03-31 07784354 c:Director1 2022-04-01 2023-03-31 07784354 d:PlantMachinery 2022-04-01 2023-03-31 07784354 d:PlantMachinery 2023-03-31 07784354 d:PlantMachinery 2022-03-31 07784354 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07784354 d:MotorVehicles 2022-04-01 2023-03-31 07784354 d:MotorVehicles 2023-03-31 07784354 d:MotorVehicles 2022-03-31 07784354 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07784354 d:FurnitureFittings 2022-04-01 2023-03-31 07784354 d:FurnitureFittings 2023-03-31 07784354 d:FurnitureFittings 2022-03-31 07784354 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07784354 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07784354 d:CurrentFinancialInstruments 2023-03-31 07784354 d:CurrentFinancialInstruments 2022-03-31 07784354 d:Non-currentFinancialInstruments 2023-03-31 07784354 d:Non-currentFinancialInstruments 2022-03-31 07784354 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07784354 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07784354 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07784354 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 07784354 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 07784354 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 07784354 d:ShareCapital 2023-03-31 07784354 d:ShareCapital 2022-03-31 07784354 d:RetainedEarningsAccumulatedLosses 2023-03-31 07784354 d:RetainedEarningsAccumulatedLosses 2022-03-31 07784354 c:FRS102 2022-04-01 2023-03-31 07784354 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07784354 c:FullAccounts 2022-04-01 2023-03-31 07784354 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07784354 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 07784354 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 07784354 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 07784354 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 07784354 2 2022-04-01 2023-03-31 07784354 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 07784354 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-03-31 07784354 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 07784354 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 07784354 d:LeasedAssetsHeldAsLessee 2023-03-31 07784354 d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 07784354









SITEFORM TRUCKS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
SITEFORM TRUCKS LIMITED
REGISTERED NUMBER: 07784354

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
220,352
259,236

  
220,352
259,236

Current assets
  

Stocks
 5 
4,750
2,100

Debtors: amounts falling due within one year
 6 
93,682
117,335

Cash at bank and in hand
 7 
2,002
-

  
100,434
119,435

Creditors: amounts falling due within one year
 8 
(167,979)
(176,804)

Net current liabilities
  
 
 
(67,545)
 
 
(57,369)

Total assets less current liabilities
  
152,807
201,867

Creditors: amounts falling due after more than one year
 9 
(62,074)
(150,037)

  

Net assets
  
90,733
51,830


Capital and reserves
  

Called up share capital 
  
51
51

Profit and loss account
  
90,682
51,779

  
90,733
51,830


Page 1

 
SITEFORM TRUCKS LIMITED
REGISTERED NUMBER: 07784354
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 23 November 2023.





................................................
Russell Noyce
Director

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

Page 2

 
SITEFORM TRUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Siteform Trucks Limited is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of waste and aggregate hauliers.

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

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

Rendering of services

Turnover 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 turnover 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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
SITEFORM TRUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

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.

 
2.9

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:

Plant and machinery
-
15% reducing balance
Motor vehicles
-
15% reducing balance
Fixtures and fittings
-
15% 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

 
SITEFORM TRUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 5

 
SITEFORM TRUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2022
241,600
183,550
866
426,016



At 31 March 2023

241,600
183,550
866
426,016



Depreciation


At 1 April 2022
109,877
56,436
467
166,780


Charge for the year on owned assets
19,758
19,066
60
38,884



At 31 March 2023

129,635
75,502
527
205,664



Net book value



At 31 March 2023
111,965
108,048
339
220,352



At 31 March 2022
131,723
127,114
399
259,236

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


2023
2022
£
£



Plant and machinery
121,808
128,244

Motor vehicles
75,321
126,562

197,129
254,806


5.


Stocks

2023
2022
£
£

Work in progress
4,635
1,985

Stock in hand
115
115

4,750
2,100


Page 6

 
SITEFORM TRUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
70,482
59,714

Other debtors
4,054
2,377

Prepayments and accrued income
19,146
55,244

93,682
117,335


Included within other debtors due within one year is a loan to Russel Noyce, the director, amounting to £nil (2022 - £128).




7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,002
-

Less: bank overdrafts
(11,216)
(16,549)

(9,214)
(16,549)


Page 7

 
SITEFORM TRUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
11,216
16,549

Bank loans
5,000
5,000

Trade creditors
69,696
38,705

Other taxation and social security
34,647
43,949

Obligations under finance lease and hire purchase contracts
43,784
68,566

Other creditors
1,916
2,340

Accruals and deferred income
1,720
1,695

167,979
176,804


The following liabilities were secured:

2023
2022
£
£



Bank overdraft
11,216
16,549

Hire Purchase
69,696
68,566

80,912
85,115

Details of security provided:

The bank overdraft is secured. Hire purchase contract is secured against the asset.

Page 8

 
SITEFORM TRUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
26,667
36,667

Net obligations under finance leases and hire purchase contracts
35,407
113,370

62,074
150,037


The following liabilities were secured:

2023
2022
£
£



Hire Purchase
35,407
113,370

35,407
113,370

Details of security provided:

Hire purchase contract is secured against the asset.




10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,000
5,000

Amounts falling due 1-2 years

Bank loans
26,667
36,667



31,667
41,667


Page 9

 
SITEFORM TRUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
43,784
68,566

Between 1-5 years
35,407
113,370

79,191
181,936


12.


Pension commitments

The Company operates a defined contributions pension scheme in respect of the employees. 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 £3,647 (2022 - £3,411). Contributions totalling £909 (2022 - £517) were payable to the fund at the balance sheet date.


13.


Controlling party

The Company is controlled by the director, Russell Noyce, by virtue of his shareholding as described in the Director's report.

 
Page 10