Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30false2022-07-01false54trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05487004 2022-07-01 2023-06-30 05487004 2021-07-01 2022-06-30 05487004 2023-06-30 05487004 2022-06-30 05487004 1 2022-07-01 2023-06-30 05487004 d:CompanySecretary1 2022-07-01 2023-06-30 05487004 d:Director1 2022-07-01 2023-06-30 05487004 d:RegisteredOffice 2022-07-01 2023-06-30 05487004 c:CurrentFinancialInstruments 2023-06-30 05487004 c:CurrentFinancialInstruments 2022-06-30 05487004 c:Non-currentFinancialInstruments 2023-06-30 05487004 c:Non-currentFinancialInstruments 2022-06-30 05487004 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 05487004 c:CurrentFinancialInstruments c:WithinOneYear 2022-06-30 05487004 c:Non-currentFinancialInstruments c:AfterOneYear 2023-06-30 05487004 c:Non-currentFinancialInstruments c:AfterOneYear 2022-06-30 05487004 c:ShareCapital 2023-06-30 05487004 c:ShareCapital 2022-06-30 05487004 c:RetainedEarningsAccumulatedLosses 2023-06-30 05487004 c:RetainedEarningsAccumulatedLosses 2022-06-30 05487004 d:OrdinaryShareClass1 2022-07-01 2023-06-30 05487004 d:OrdinaryShareClass1 2023-06-30 05487004 d:FRS102 2022-07-01 2023-06-30 05487004 d:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05487004 d:FullAccounts 2022-07-01 2023-06-30 05487004 d:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 05487004 (England and Wales)







GRADEWELL CONSTRUCTION LIMITED

UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
GRADEWELL CONSTRUCTION LIMITED
 
 
COMPANY INFORMATION


Director
Thomas Barrett 




Company secretary
Robert Nimz



Registered number
05487004



Registered office
73 Field Lane
Brentford

TW8 8NA




Accountants
Riordan O'Sullivan & Co
Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE





 
GRADEWELL CONSTRUCTION LIMITED
 

CONTENTS



Page
Director's Report
 
 
1
Profit and Loss Account
 
 
2
Balance Sheet
 
 
3
Notes to the Financial Statements
 
 
4 - 6


 
GRADEWELL CONSTRUCTION LIMITED
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 JUNE 2023

The director presents his report and the financial statements for the year ended 30 June 2023.

Principal activity

The principal activity of the company was that of labour supply to the construction industry.

Director

The director who served during the year was:

Thomas Barrett 

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 14 February 2024 and signed on its behalf.
 





___________________________
Thomas Barrett
Director

Page 1

 
GRADEWELL CONSTRUCTION LIMITED
 
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2023

2023
2022
£
£

  

Turnover
  
3,035,000
3,158,435

Cost of sales
  
(2,692,311)
(2,903,696)

Gross profit
  
342,689
254,739

Administrative expenses
  
(271,328)
(168,285)

Operating profit
  
71,361
86,454

Tax on profit
  
(23,823)
(16,426)

Profit for the financial year
  
47,538
70,028

Page 2

 
GRADEWELL CONSTRUCTION LIMITED
REGISTERED NUMBER:05487004

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,023,881
973,085

Cash at bank and in hand
  
96,166
167,153

  
1,120,047
1,140,238

Creditors: amounts falling due within one year
 5 
(339,768)
(398,092)

Net current assets
  
 
 
780,279
 
 
742,146

Total assets less current liabilities
  
780,279
742,146

Creditors: amounts falling due after more than one year
  
(20,186)
(29,591)

  

Net assets
  
760,093
712,555


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
760,092
712,554

  
760,093
712,555


The director considers 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 director acknowledges his 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 were approved and authorised for issue by the board and were signed on its behalf on 14 February 2024.




___________________________
Thomas Barrett
Director

Page 3

 
GRADEWELL CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Gradewell Construction limited is a private company limited by shares incorporated in England and Wales. The registered office is 73 Field Lane, Brentford, TW8 8NA.

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

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

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.
When cash inflows are deferred and represent a financing agreement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

 
2.4

Taxation

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.

 
2.5

Cash at bank and in hand

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 4).

Page 4

 
GRADEWELL CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Debtors

2023
2022
£
£


Trade debtors
266,786
570,129

Amounts owed by related undertakings
726,871
333,196

Other debtors
30,224
69,760

1,023,881
973,085


The amounts owed by related undertakings are unsecured, interest free and repayable on demand.


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
991
26,934

Bank loans
10,648
10,648

Trade creditors
158,570
164,175

Corporation tax
78,213
51,965

Other taxation and social security
6,801
7,393

Other creditors
176
81

Accruals
84,369
136,896

339,768
398,092



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,186
29,591

20,186
29,591


Page 5

 
GRADEWELL CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1


8.


Profit and loss reserves

2023
2022
£
£



Profit and loss account brought forward at the beginning of the year
712,554
642,526

Movement in the profit and loss account
47,538
70,028

760,092
712,554


9.


Related party transactions

The company is related to Gradewell Plant & Haulage Limited by viture of being under common control.
During the year, the company entered into the following transactions with related undertakings:
Hire of labour payable by Gradewell Plant & Haulage Limited £605,276 (2022 - £341,177).
Hire of plant and machinery payable to Gradewell Plant & Haulage Limited £141,957 (2022 - £340,129).
At the balance sheet date, the following amounts were owed by the related undertakings:
Gradewell Plant & Haulage Limited £726,871 (2022 - £333,196).


10.


Post balance sheet events

There were no events since the year end which materially affected the company.


11.


Controlling party

Thomas Barrett owns 100% of the issued share capital of the company and is therefore the ultimate controller of the company.

 
Page 6