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REGISTERED NUMBER: 08765604 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CS UTILITY CONTRACTORS LIMITED

CS UTILITY CONTRACTORS LIMITED (REGISTERED NUMBER: 08765604)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CS UTILITY CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr C M Stevenson
Mrs J C Stevenson





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 08765604 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

CS UTILITY CONTRACTORS LIMITED (REGISTERED NUMBER: 08765604)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 100 1,100
Tangible assets 5 142,605 159,211
142,705 160,311

CURRENT ASSETS
Stocks 8,800 8,800
Debtors 6 318,572 419,394
Cash at bank 45,095 63
372,467 428,257
CREDITORS
Amounts falling due within one year 7 192,984 261,461
NET CURRENT ASSETS 179,483 166,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,188

327,107

CREDITORS
Amounts falling due after more than one
year

8

(41,398

)

(59,328

)

PROVISIONS FOR LIABILITIES 9 (20,639 ) (20,628 )
NET ASSETS 260,151 247,151

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 260,149 247,149
SHAREHOLDERS' FUNDS 260,151 247,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CS UTILITY CONTRACTORS LIMITED (REGISTERED NUMBER: 08765604)

BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





Mr C M Stevenson - Director


CS UTILITY CONTRACTORS LIMITED (REGISTERED NUMBER: 08765604)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

CS Utility Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

CS UTILITY CONTRACTORS LIMITED (REGISTERED NUMBER: 08765604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 December 2022
and 30 November 2023 10,000
AMORTISATION
At 1 December 2022 8,900
Charge for year 1,000
At 30 November 2023 9,900
NET BOOK VALUE
At 30 November 2023 100
At 30 November 2022 1,100

CS UTILITY CONTRACTORS LIMITED (REGISTERED NUMBER: 08765604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 December 2022 81,404 8,354 317,541 407,299
Additions 16,736 - 22,162 38,898
Disposals - - (17,250 ) (17,250 )
At 30 November 2023 98,140 8,354 322,453 428,947
DEPRECIATION
At 1 December 2022 66,140 5,157 176,791 248,088
Charge for year 8,001 799 37,503 46,303
Eliminated on disposal - - (8,049 ) (8,049 )
At 30 November 2023 74,141 5,956 206,245 286,342
NET BOOK VALUE
At 30 November 2023 23,999 2,398 116,208 142,605
At 30 November 2022 15,264 3,197 140,750 159,211

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 December 2022 198,634
Additions 19,350
Disposals (17,250 )
At 30 November 2023 200,734
DEPRECIATION
At 1 December 2022 99,978
Charge for year 25,992
Eliminated on disposal (8,049 )
At 30 November 2023 117,921
NET BOOK VALUE
At 30 November 2023 82,813
At 30 November 2022 98,656

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 318,572 419,394

CS UTILITY CONTRACTORS LIMITED (REGISTERED NUMBER: 08765604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 33,333 38,818
Hire purchase contracts 33,223 55,878
Trade creditors 7,635 11,919
Tax 58,717 87,623
Social security and other taxes 30,331 35,216
VAT 23,542 24,521
Other creditors 4,578 5,061
Accrued expenses 1,625 2,425
192,984 261,461

Other creditors consists of pension payments due of £4,578 (2022: £5,061).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 2-5 years 13,889 47,222
Hire purchase contracts 27,509 12,106
41,398 59,328

9. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 20,639 20,628

Deferred tax
£
Balance at 1 December 2022 20,628
Accelerated capital allowances 11
Balance at 30 November 2023 20,639

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The directors holds the entire share capital of the company equally.