Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.79landfill pipe installations and building contractors in the UK2022-09-01falsetruetruefalse 03622012 2022-09-01 2023-08-31 03622012 2021-09-01 2022-08-31 03622012 2023-08-31 03622012 2022-08-31 03622012 c:Director3 2022-09-01 2023-08-31 03622012 c:Director4 2022-09-01 2023-08-31 03622012 c:RegisteredOffice 2022-09-01 2023-08-31 03622012 d:Buildings 2022-09-01 2023-08-31 03622012 d:Buildings 2023-08-31 03622012 d:Buildings 2022-08-31 03622012 d:Buildings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03622012 d:Buildings d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03622012 d:PlantMachinery 2022-09-01 2023-08-31 03622012 d:PlantMachinery 2023-08-31 03622012 d:PlantMachinery 2022-08-31 03622012 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03622012 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03622012 d:MotorVehicles 2022-09-01 2023-08-31 03622012 d:MotorVehicles 2023-08-31 03622012 d:MotorVehicles 2022-08-31 03622012 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03622012 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03622012 d:FurnitureFittings 2022-09-01 2023-08-31 03622012 d:FurnitureFittings 2023-08-31 03622012 d:FurnitureFittings 2022-08-31 03622012 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03622012 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03622012 d:OfficeEquipment 2022-09-01 2023-08-31 03622012 d:OfficeEquipment 2023-08-31 03622012 d:OfficeEquipment 2022-08-31 03622012 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03622012 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03622012 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03622012 d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03622012 d:CurrentFinancialInstruments 2023-08-31 03622012 d:CurrentFinancialInstruments 2022-08-31 03622012 d:Non-currentFinancialInstruments 2023-08-31 03622012 d:Non-currentFinancialInstruments 2022-08-31 03622012 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03622012 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 03622012 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 03622012 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 03622012 d:ShareCapital 2023-08-31 03622012 d:ShareCapital 2022-08-31 03622012 d:RetainedEarningsAccumulatedLosses 2023-08-31 03622012 d:RetainedEarningsAccumulatedLosses 2022-08-31 03622012 c:OrdinaryShareClass1 2022-09-01 2023-08-31 03622012 c:OrdinaryShareClass1 2023-08-31 03622012 c:OrdinaryShareClass2 2022-09-01 2023-08-31 03622012 c:OrdinaryShareClass2 2023-08-31 03622012 c:FRS102 2022-09-01 2023-08-31 03622012 c:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 03622012 c:FullAccounts 2022-09-01 2023-08-31 03622012 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 03622012 2 2022-09-01 2023-08-31 03622012 7 2022-09-01 2023-08-31 03622012 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03622012









LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
 
 
COMPANY INFORMATION


Directors
G M Holmes 
H M Holmes 




Registered number
03622012



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 10


 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
FOR THE YEAR ENDED 31 AUGUST 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Landfill Pipe & Construction Services Limited for the year ended 31 August 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Landfill Pipe & Construction Services Limited, as a body, in accordance with the terms of our engagement letter dated 28 February 2020Our work has been undertaken solely to prepare for your approval the financial statements of Landfill Pipe & Construction Services Limited and state those matters that we have agreed to state to the Board of directors of Landfill Pipe & Construction Services Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Landfill Pipe & Construction Services Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Landfill Pipe & Construction Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Landfill Pipe & Construction Services Limited. You consider that Landfill Pipe & Construction Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Landfill Pipe & Construction Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

8 March 2024
Page 1

 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
REGISTERED NUMBER: 03622012

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
204,376
181,144

  
204,376
181,144

Current assets
  

Stocks
  
6,126
6,463

Debtors: amounts falling due within one year
 5 
707,588
663,224

Cash at bank and in hand
  
52,266
77,731

  
765,980
747,418

Creditors: amounts falling due within one year
 6 
(198,938)
(183,039)

Net current assets
  
 
 
567,042
 
 
564,379

Total assets less current liabilities
  
771,418
745,523

Creditors: amounts falling due after more than one year
 7 
(96,418)
(137,516)

Provisions for liabilities
  

Deferred tax
  
(39,664)
(33,270)

  
 
 
(39,664)
 
 
(33,270)

Net assets
  
635,336
574,737


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
635,334
574,735

  
635,336
574,737


Page 2

 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
REGISTERED NUMBER: 03622012
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider 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 directors acknowledge their 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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 March 2024.






G M Holmes
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The company is a private company, limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The Company's principal activities continue to be those of landfill pipe installations and building contractors in the UK.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered a period of twelve months from the date of approval of the financial statements.  They consider that projected income together with current cash reserves will be more than adequate for the company's needs.  As such they believe that the financial statements should be prepared on the going concern basis.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on the expenditure incurred in relation to the contract. These amounts are recorded as accrued income and included as part of debtors due within one year.

 
2.4

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

Government grants

Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on both a straight line and a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant & machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
20% reducing balance
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Stocks

Stocks of raw materials are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

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.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

Page 6

 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.17

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 7).

Page 7

 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 September 2022
9,026
270,280
231,347
27,713
17,460


Additions
-
8,615
71,679
-
2,478


Disposals
-
(4,594)
(34,620)
-
(2,459)



At 31 August 2023

9,026
274,301
268,406
27,713
17,479



Depreciation


At 1 September 2022
-
221,847
111,872
25,895
15,067


Charge for the year on owned assets
-
9,665
4,913
364
1,973


Charge for the year on financed assets
-
-
29,922
-
-


Disposals
-
(1,926)
(25,255)
-
(1,788)



At 31 August 2023

-
229,586
121,452
26,259
15,252



Net book value



At 31 August 2023
9,026
44,715
146,954
1,454
2,227



At 31 August 2022
9,026
48,433
119,474
1,818
2,392
Page 8

 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 September 2022
555,826


Additions
82,772


Disposals
(41,673)



At 31 August 2023

596,925



Depreciation


At 1 September 2022
374,681


Charge for the year on owned assets
16,915


Charge for the year on financed assets
29,922


Disposals
(28,969)



At 31 August 2023

392,549



Net book value



At 31 August 2023
204,376



At 31 August 2022
181,143


5.


Debtors

2023
2022
£
£


Trade debtors
131,308
121,903

Amounts owed by group undertakings
570,478
537,661

Prepayments and accrued income
5,802
3,660

707,588
663,224


Page 9

 
LANDFILL PIPE & CONSTRUCTION SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
4,636

Bank loans
43,749
43,749

Trade creditors
31,263
34,785

Other taxation and social security
38,329
45,149

Obligations under finance lease and hire purchase contracts
43,673
26,779

Other creditors
34,499
21,846

Accruals and deferred income
7,425
6,095

198,938
183,039



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
29,274
73,023

Net obligations under finance leases and hire purchase contracts
67,144
64,493

96,418
137,516



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 A Ordinary share of £1.00
1
1
1 B Ordinary share of £1.00
1
1

2

2


 
Page 10