C & G Concrete Pumping Ltd 11628442 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Agents involved in the sale of timber and building materials Digita Accounts Production Advanced 6.30.9574.0 true true 11628442 2022-04-01 2023-03-31 11628442 2023-03-31 11628442 core:CurrentFinancialInstruments 2023-03-31 11628442 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11628442 core:Non-currentFinancialInstruments 2023-03-31 11628442 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11628442 bus:SmallEntities 2022-04-01 2023-03-31 11628442 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11628442 bus:FullAccounts 2022-04-01 2023-03-31 11628442 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11628442 bus:RegisteredOffice 2022-04-01 2023-03-31 11628442 bus:Director1 2022-04-01 2023-03-31 11628442 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11628442 countries:AllCountries 2022-04-01 2023-03-31 11628442 2021-04-01 2022-03-31 11628442 2022-03-31 11628442 core:CurrentFinancialInstruments 2022-03-31 11628442 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11628442 core:Non-currentFinancialInstruments 2022-03-31 11628442 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 11628442

C & G Concrete Pumping Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

C & G Concrete Pumping Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

C & G Concrete Pumping Ltd

Company Information

Director

Mr P Johnson

Registered office

Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

C & G Concrete Pumping Ltd

(Registration number: 11628442)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

737,660

624,259

Cash at bank and in hand

 

37,341

13,025

 

775,001

637,284

Creditors: Amounts falling due within one year

5

(722,030)

(570,266)

Total assets less current liabilities

 

52,971

67,018

Creditors: Amounts falling due after more than one year

5

(25,398)

(35,389)

Net assets

 

27,573

31,629

Capital and reserves

 

Called up share capital

100

100

Retained earnings

27,473

31,529

Shareholders' funds

 

27,573

31,629

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 November 2023
 

.........................................
Mr P Johnson
Director

 

C & G Concrete Pumping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The presentation currency of the financial statements is the Pound Sterling (£).

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

C & G Concrete Pumping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

C & G Concrete Pumping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 17 (2022 - 17).

4

Debtors

Current

2023
£

2022
£

Trade debtors

140,727

133,432

Prepayments

1,610

-

Other debtors

595,323

490,827

 

737,660

624,259

 

C & G Concrete Pumping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

9,890

9,646

Trade creditors

 

2,730

-

Taxation and social security

 

4,927

17,293

Accruals and deferred income

 

704,483

543,080

Other creditors

 

-

247

 

722,030

570,266

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

24,946

34,837

Other non-current financial liabilities

 

452

552

 

25,398

35,389

6

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

24,946

34,837

2023
£

2022
£

Current loans and borrowings

Bank borrowings

9,890

9,646