Registered number
04379338
C J Harpur & Sons Civil Engineering Ltd
Unaudited Filleted Accounts
30 September 2023
C J Harpur & Sons Civil Engineering Ltd
Registered number: 04379338
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 469,210 535,379
Current assets
Debtors 4 - 104,818
Cash at bank and in hand 153,074 188,623
153,074 293,441
Creditors: amounts falling due within one year 5 (88,506) (105,829)
Net current assets 64,568 187,612
Total assets less current liabilities 533,778 722,991
Creditors: amounts falling due after more than one year 6 (51,054) (76,242)
Provisions for liabilities (58,249) (70,821)
Net assets 424,475 575,928
Capital and reserves
Called up share capital 105 105
Profit and loss account 424,370 575,823
Shareholders' funds 424,475 575,928
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Cornelius Joseph Harpur
Director
Approved by the board on 14 March 2024
C J Harpur & Sons Civil Engineering Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 12.5% Straight line
Fixtures, fittings, tools and equipment 20% Straight Line
Motor Vehicles 20% Straight Line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2022 162,641 852,561 278,630 1,293,832
Additions - 24,105 18,498 42,603
Disposals - (272,531) (30,623) (303,154)
At 30 September 2023 162,641 604,135 266,505 1,033,281
Depreciation
At 1 October 2022 - 577,984 180,469 758,453
Charge for the year - 43,475 50,318 93,793
On disposals - (272,531) (15,644) (288,175)
At 30 September 2023 - 348,928 215,143 564,071
Net book value
At 30 September 2023 162,641 255,207 51,362 469,210
At 30 September 2022 162,641 274,577 98,161 535,379
4 Debtors 2023 2022
£ £
Trade debtors - 104,818
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 52,435 76,275
Taxation and social security costs 24,978 18,435
Other creditors 1,093 1,119
88,506 105,829
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 17,500 27,500
Obligations under finance lease and hire purchase contracts 33,554 48,742
51,054 76,242
7 Controlling party
At the Balance Sheet date, Mr Cornelius Harpur is the controlling party, by virtue of his shareholding.
8 Other information
C J Harpur & Sons Civil Engineering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Telford Road
Thornton Industrial Estate
Ellesmere Port
Cheshire
CH65 5EU
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