Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseOther specialised construction activities not elsewhere classifiedThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-011514falsetrue 05703247 2022-04-01 2023-03-31 05703247 2021-04-01 2022-03-31 05703247 2023-03-31 05703247 2022-03-31 05703247 c:Director1 2022-04-01 2023-03-31 05703247 d:PlantMachinery 2022-04-01 2023-03-31 05703247 d:PlantMachinery 2023-03-31 05703247 d:PlantMachinery 2022-03-31 05703247 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05703247 d:MotorVehicles 2022-04-01 2023-03-31 05703247 d:MotorVehicles 2023-03-31 05703247 d:MotorVehicles 2022-03-31 05703247 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05703247 d:OfficeEquipment 2022-04-01 2023-03-31 05703247 d:OfficeEquipment 2023-03-31 05703247 d:OfficeEquipment 2022-03-31 05703247 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05703247 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05703247 d:CurrentFinancialInstruments 2023-03-31 05703247 d:CurrentFinancialInstruments 2022-03-31 05703247 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05703247 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05703247 d:ShareCapital 2023-03-31 05703247 d:ShareCapital 2022-03-31 05703247 d:SharePremium 2023-03-31 05703247 d:SharePremium 2022-03-31 05703247 d:RetainedEarningsAccumulatedLosses 2023-03-31 05703247 d:RetainedEarningsAccumulatedLosses 2022-03-31 05703247 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 05703247 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 05703247 c:FRS102 2022-04-01 2023-03-31 05703247 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05703247 c:FullAccounts 2022-04-01 2023-03-31 05703247 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05703247 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05703247 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 05703247 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 05703247 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 05703247 d:LeasedAssetsHeldAsLessee 2023-03-31 05703247 d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 05703247









FENTON CIVIL ENGINEERING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
FENTON CIVIL ENGINEERING LIMITED
REGISTERED NUMBER: 05703247

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
68,429
99,750

  
68,429
99,750

Current assets
  

Stocks
  
-
100,334

Debtors: amounts falling due within one year
 5 
3,200,597
2,624,717

Cash at bank and in hand
 6 
1,220,501
867,304

  
4,421,098
3,592,355

Creditors: amounts falling due within one year
 7 
(1,303,893)
(711,267)

Net current assets
  
 
 
3,117,205
 
 
2,881,088

Total assets less current liabilities
  
3,185,634
2,980,838

Provisions for liabilities
  

Deferred tax
 9 
(13,001)
(18,953)

  
 
 
(13,001)
 
 
(18,953)

Net assets
  
3,172,633
2,961,885


Capital and reserves
  

Called up share capital 
  
160
160

Share premium account
  
98,940
98,940

Profit and loss account
  
3,073,533
2,862,785

  
3,172,633
2,961,885


Page 1

 
FENTON CIVIL ENGINEERING LIMITED
REGISTERED NUMBER: 05703247
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 comprehensive income 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: 




................................................
J J Fitzgerald
Director

Date: 26 November 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
FENTON CIVIL ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Fenton Civil Engineering Limited is a company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.  
The principal activity of the company during the year was the provision of construction services.
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

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.

Page 3

 
FENTON CIVIL ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 4

 
FENTON CIVIL ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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 and on cost.

Depreciation is provided on the following basis:

Plant and machinery
-
25% on reducing balance
Motor vehicles
-
25% on reducing balance
Office equipment
-
33% on cost

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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

 
FENTON CIVIL ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 14).

Page 6

 
FENTON CIVIL ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
119,611
242,962
35,186
397,759


Additions
2,400
-
-
2,400


Disposals
-
(26,499)
-
(26,499)



At 31 March 2023

122,011
216,463
35,186
373,660



Depreciation


At 1 April 2022
119,611
143,211
35,186
298,008


Charge for the year on owned assets
400
22,376
-
22,776


Disposals
-
(15,553)
-
(15,553)



At 31 March 2023

120,011
150,034
35,186
305,231



Net book value



At 31 March 2023
2,000
66,429
-
68,429



At 31 March 2022
-
99,750
-
99,750

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


2023
2022
£
£



Motor vehicles
-
68,237

-
68,237


5.


Debtors

2023
2022
£
£


Trade debtors
2,222,987
2,071,759

Other debtors
977,610
552,958
Page 7

 
FENTON CIVIL ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.Debtors (continued)


3,200,597
2,624,717



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,220,503
867,304

1,220,503
867,304



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,020,299
576,647

Corporation tax
126,608
-

Other taxation and social security
17,101
50,272

Obligations under finance lease and hire purchase contracts
-
11,741

Other creditors
36,353
14,066

Accruals and deferred income
103,532
58,541

1,303,893
711,267



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,220,503
867,304




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


9.


Deferred taxation

Page 8

 
FENTON CIVIL ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
9.Deferred taxation (continued)




2023


£






At beginning of year
(18,953)


Charged to profit or loss
5,952



At end of year
(13,001)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(13,001)
(18,953)

(13,001)
(18,953)


10.


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 £8,941 (2022: £10,087). Contributions totalling £1,610 (2022: £nil) were repayable to the fund at the balance sheet date.


11.


Related party transactions

At the balance sheet date the company was owed £734,932 (2022: £458,081) by companies under common  control.
At the balance sheet date the company was owed £90,000 (2022: £90,000) by the directors of the company.

 
Page 9