Silverfin false 31/03/2023 01/04/2022 31/03/2023 G A Doble 28/06/2001 22 November 2023 The principal activity of the Company during the financial year was civil engineering and property development. 04168481 2023-03-31 04168481 bus:Director1 2023-03-31 04168481 2022-03-31 04168481 core:CurrentFinancialInstruments 2023-03-31 04168481 core:CurrentFinancialInstruments 2022-03-31 04168481 core:Non-currentFinancialInstruments 2023-03-31 04168481 core:Non-currentFinancialInstruments 2022-03-31 04168481 core:ShareCapital 2023-03-31 04168481 core:ShareCapital 2022-03-31 04168481 core:RetainedEarningsAccumulatedLosses 2023-03-31 04168481 core:RetainedEarningsAccumulatedLosses 2022-03-31 04168481 core:PlantMachinery 2022-03-31 04168481 core:Vehicles 2022-03-31 04168481 core:FurnitureFittings 2022-03-31 04168481 core:ComputerEquipment 2022-03-31 04168481 core:PlantMachinery 2023-03-31 04168481 core:Vehicles 2023-03-31 04168481 core:FurnitureFittings 2023-03-31 04168481 core:ComputerEquipment 2023-03-31 04168481 2022-04-01 2023-03-31 04168481 bus:FullAccounts 2022-04-01 2023-03-31 04168481 bus:SmallEntities 2022-04-01 2023-03-31 04168481 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04168481 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04168481 bus:Director1 2022-04-01 2023-03-31 04168481 core:PlantMachinery 2022-04-01 2023-03-31 04168481 core:Vehicles 2022-04-01 2023-03-31 04168481 core:FurnitureFittings 2022-04-01 2023-03-31 04168481 core:ComputerEquipment 2022-04-01 2023-03-31 04168481 2021-04-01 2022-03-31 04168481 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 04168481 (England and Wales)

G A DOBLE (CIVIL ENGINEERING) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

G A DOBLE (CIVIL ENGINEERING) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

G A DOBLE (CIVIL ENGINEERING) LIMITED

BALANCE SHEET

As at 31 March 2023
G A DOBLE (CIVIL ENGINEERING) LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,956,896 2,051,025
1,956,896 2,051,025
Current assets
Stocks 4 932,331 761,367
Debtors 5 1,123,995 1,376,197
Cash at bank and in hand 333,313 375,263
2,389,639 2,512,827
Creditors: amounts falling due within one year 6 ( 608,282) ( 477,046)
Net current assets 1,781,357 2,035,781
Total assets less current liabilities 3,738,253 4,086,806
Creditors: amounts falling due after more than one year 7 ( 16,064) ( 12,411)
Provision for liabilities 8 ( 341,467) ( 444,318)
Net assets 3,380,722 3,630,077
Capital and reserves
Called-up share capital 1 1
Profit and loss account 3,380,721 3,630,076
Total shareholder's funds 3,380,722 3,630,077

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 financial statements of G A Doble (Civil Engineering) Limited (registered number: 04168481) were approved and authorised for issue by the Director on 22 November 2023. They were signed on its behalf by:

G A Doble
Director
G A DOBLE (CIVIL ENGINEERING) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
G A DOBLE (CIVIL ENGINEERING) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

G A Doble (Civil Engineering) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hendford Manor, Hendford, Yeovil, BA20 1UN, United Kingdom. The principal place of business is Ham Lane, Compton Dundon, Nr Somerton, Somerset, TA11 6PQ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Fixtures and fittings 20 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 27 29

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2022 5,155,942 671,118 31,040 0 5,858,100
Additions 427,583 0 0 1,325 428,908
Disposals ( 147,500) 0 0 0 ( 147,500)
At 31 March 2023 5,436,025 671,118 31,040 1,325 6,139,508
Accumulated depreciation
At 01 April 2022 3,464,899 311,660 30,516 0 3,807,075
Charge for the financial year 388,236 71,892 105 246 460,479
Disposals ( 84,942) 0 0 0 ( 84,942)
At 31 March 2023 3,768,193 383,552 30,621 246 4,182,612
Net book value
At 31 March 2023 1,667,832 287,566 419 1,079 1,956,896
At 31 March 2022 1,691,043 359,458 524 0 2,051,025

4. Stocks

2023 2022
£ £
Stocks 4,000 8,000
Work in progress 928,331 753,367
932,331 761,367

5. Debtors

2023 2022
£ £
Trade debtors 1,046,992 1,239,715
Corporation tax 5,463 0
Other debtors 71,540 136,482
1,123,995 1,376,197

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 234,909 303,378
Taxation and social security 86,464 25,829
Obligations under finance leases and hire purchase contracts (secured) 105,772 62,950
Other creditors 181,137 84,889
608,282 477,046

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts (secured) 16,064 12,411

Obligations under finance leases and hire purchase contracts are secured against the assets concerned, which are included within tangible fixed assets. At the balance sheet date the assets concerned had a combined net book value of £295,706 (2022- £157,357).

8. Provision for liabilities

2023 2022
£ £
Deferred tax 341,467 444,318

9. Related party transactions

Transactions with the entity's director

Advances

The Director's loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 April 2022, the balance owed to the director was £35,187. During the year, £1,793 was advanced to the director, and £63,490 was repaid by the director. At 31 March 2023, the balance owed to the director was £96,884.

At 1 April 2021, the balance owed by the director was £20,954. During the year, £965 was advanced to the director, and £57,106 was repaid by the director. At 31 March 2022, the balance owed to the director was £35,187.