Company Registration No. 04425808 (England and Wales)
Construction Services (GB) Ltd
Filleted accounts
for the year ended 30 April 2023
Construction Services (GB) Ltd
Filleted accounts
Contents
Construction Services (GB) Ltd
Company Information
for the year ended 30 April 2023
Directors
Mohammed Siddique Patel
Siddique Ismail Patel
Zahid Siddique Patel
Company Number
04425808 (England and Wales)
Registered Office
22 Byway Road
Leicester
LE5 5TF
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Construction Services (GB) Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
21,286
26,976
Cash at bank and in hand
40,089
107,104
Creditors: amounts falling due within one year
(10,837)
(53,243)
Net current assets
29,381
53,861
Total assets less current liabilities
50,667
80,837
Provisions for liabilities
Deferred tax
(6,630)
(6,630)
Called up share capital
100
100
Profit and loss account
43,937
74,107
Shareholders' funds
44,037
74,207
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2024 and were signed on its behalf by
Siddique Ismail Patel
Director
Company Registration No. 04425808
Construction Services (GB) Ltd
Notes to the Accounts
for the year ended 30 April 2023
Construction Services (GB) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04425808. The registered office is 22 Byway Road, Leicester, LE5 5TF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
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 accounts. 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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Construction Services (GB) Ltd
Notes to the Accounts
for the year ended 30 April 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
44,737
1,843
10,616
57,196
At 30 April 2023
44,737
1,843
10,616
57,196
At 1 May 2022
19,695
1,843
8,682
30,220
Charge for the year
3,756
-
1,934
5,690
At 30 April 2023
23,451
1,843
10,616
35,910
At 30 April 2023
21,286
-
-
21,286
At 30 April 2022
25,042
-
1,934
26,976
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
1,231
7,849
Taxes and social security
8,911
31,541
Allotted, called up and fully paid:
60 Ordinary shares A of £1 each
60
60
10 Ordinary shares B of £1 each
10
10
10 Ordinary shares C of £1 each
10
10
10 Ordinary shares D of £1 each
10
10
10 Ordinary shares E of £1 each
10
10
8
Operating lease commitments
2023
2022
At 30 April 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
1,231
7,849
Construction Services (GB) Ltd
Notes to the Accounts
for the year ended 30 April 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).