Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-10-01falseNo description of principal activity910truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04362747 2022-10-01 2023-03-31 04362747 2021-10-01 2022-09-30 04362747 2023-03-31 04362747 2022-09-30 04362747 c:Director1 2022-10-01 2023-03-31 04362747 d:PlantMachinery 2022-10-01 2023-03-31 04362747 d:PlantMachinery 2023-03-31 04362747 d:PlantMachinery 2022-09-30 04362747 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 04362747 d:MotorVehicles 2022-10-01 2023-03-31 04362747 d:MotorVehicles 2023-03-31 04362747 d:MotorVehicles 2022-09-30 04362747 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 04362747 d:OfficeEquipment 2022-10-01 2023-03-31 04362747 d:OfficeEquipment 2023-03-31 04362747 d:OfficeEquipment 2022-09-30 04362747 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 04362747 d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 04362747 d:CurrentFinancialInstruments 2023-03-31 04362747 d:CurrentFinancialInstruments 2022-09-30 04362747 d:Non-currentFinancialInstruments 2023-03-31 04362747 d:Non-currentFinancialInstruments 2022-09-30 04362747 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04362747 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 04362747 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04362747 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 04362747 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 04362747 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 04362747 d:ShareCapital 2023-03-31 04362747 d:ShareCapital 2022-09-30 04362747 d:RetainedEarningsAccumulatedLosses 2023-03-31 04362747 d:RetainedEarningsAccumulatedLosses 2022-09-30 04362747 c:FRS102 2022-10-01 2023-03-31 04362747 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-03-31 04362747 c:FullAccounts 2022-10-01 2023-03-31 04362747 c:PrivateLimitedCompanyLtd 2022-10-01 2023-03-31 04362747 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04362747 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 04362747 2 2022-10-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04362747









CAVENDISH CONSTRUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
CAVENDISH CONSTRUCTION LIMITED
REGISTERED NUMBER: 04362747

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
30 September
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
341,915
236,401

  
341,915
236,401

Current assets
  

Debtors: amounts falling due within one year
 5 
1,264,027
1,524,687

Cash at bank and in hand
 6 
657,700
284,435

  
1,921,727
1,809,122

Creditors: amounts falling due within one year
 7 
(1,437,271)
(1,263,157)

Net current assets
  
 
 
484,456
 
 
545,965

Total assets less current liabilities
  
826,371
782,366

Creditors: amounts falling due after more than one year
 8 
(294,107)
(315,975)

Provisions for liabilities
  

Deferred tax
 10 
(82,995)
(44,916)

  
 
 
(82,995)
 
 
(44,916)

Net assets
  
449,269
421,475


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
449,169
421,375

  
449,269
421,475


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 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.

Page 1

 
CAVENDISH CONSTRUCTION LIMITED
REGISTERED NUMBER: 04362747
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 by: 




................................................
L J E Thirkettle
Director

Date: 27 November 2023

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

Page 2

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Cavendish Construction Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Tower House, Latimer Road, Latimer, Chesham, Bucks, HP5 1TU. 
The company's principal activity is that of a construction company.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

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.

Page 3

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

Current and deferred taxation

The tax expense for the period 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 4

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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 basis
Motor vehicles
-
25% reducing basis
Office equipment
-
15% reducing basis

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.

 
2.10

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.

Page 5

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.

  
2.15

Job Retention Scheme

The nature and amount from the Government under the Furlough scheme is recognised in the financial statements. There are no unfulfilled conditions or other contingencies attaching to grants that have been recognised in income, and the company received the subsidy for the Furlough scheme purpose only.


3.


Employees

The average monthly number of employees, including directors, during the period was 9 (2022 - 10).

Page 6

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets







Plant & machinery
Motor vehicles
Office equipment & Furniture
Total

£
£
£
£



Cost or valuation


At 1 October 2022
18,229
512,322
20,398
550,949


Additions
-
152,126
766
152,892


Disposals
(1,111)
(59,729)
(2,880)
(63,720)



At 31 March 2023

17,118
604,719
18,284
640,121



Depreciation


At 1 October 2022
14,403
287,701
12,444
314,548


Charge for the period on owned assets
266
38,982
610
39,858


Disposals
(851)
(53,094)
(2,255)
(56,200)



At 31 March 2023

13,818
273,589
10,799
298,206



Net book value



At 31 March 2023
3,300
331,130
7,485
341,915



At 30 September 2022
3,826
224,621
7,954
236,401


5.


Debtors

31 March
30 September
2023
2022
£
£


Trade debtors
1,250,564
1,397,668

Other debtors
5,980
120,792

Prepayments and accrued income
7,483
6,227

1,264,027
1,524,687


Page 7

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Cash and cash equivalents

31 March
30 September
2023
2022
£
£

Cash at bank and in hand
657,700
284,435

657,700
284,435



7.


Creditors: Amounts falling due within one year

31 March
30 September
2023
2022
£
£

Other loans
83,813
81,084

Trade creditors
551,874
667,881

Corporation tax
187,491
99,702

Other taxation and social security
465,712
329,810

Obligations under finance lease and hire purchase contracts
80,938
57,604

Other creditors
49,943
9,576

Accruals and deferred income
17,500
17,500

1,437,271
1,263,157



8.


Creditors: Amounts falling due after more than one year

31 March
30 September
2023
2022
£
£

Other loans
117,521
160,972

Net obligations under finance leases and hire purchase contracts
176,586
155,003

294,107
315,975


Page 8

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


31 March
30 September
2023
2022
£
£

Amounts falling due within one year

Other loans
83,813
81,084


83,813
81,084


Amounts falling due 2-5 years

Other loans
117,521
160,972


117,521
160,972


201,334
242,056


Page 9

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.


Deferred taxation






2023


£






At beginning of year
(44,916)


Charged to profit or loss
(38,079)



At end of year
(82,995)

The provision for deferred taxation is made up as follows:

31 March
30 September
2023
2022
£
£


Accelerated capital allowances
(82,995)
(44,916)

(82,995)
(44,916)


11.


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 £402,867 (2022: £5,839). Contributions totalling £1,124 (2022: £1,105) were payable to the fund at the balance sheet date.


12.


Controlling party

In the opinion of the directors there is no ultimate controlling party.
 
Page 10