Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01No description of principal activityfalse1510falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01349240 2023-01-01 2023-12-31 01349240 2022-01-01 2022-12-31 01349240 2023-12-31 01349240 2022-12-31 01349240 c:Director2 2023-01-01 2023-12-31 01349240 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 01349240 d:Buildings d:ShortLeaseholdAssets 2023-12-31 01349240 d:Buildings d:ShortLeaseholdAssets 2022-12-31 01349240 d:PlantMachinery 2023-01-01 2023-12-31 01349240 d:MotorVehicles 2023-01-01 2023-12-31 01349240 d:MotorVehicles 2023-12-31 01349240 d:MotorVehicles 2022-12-31 01349240 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01349240 d:FurnitureFittings 2023-01-01 2023-12-31 01349240 d:FurnitureFittings 2023-12-31 01349240 d:FurnitureFittings 2022-12-31 01349240 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01349240 d:OfficeEquipment 2023-01-01 2023-12-31 01349240 d:OfficeEquipment 2023-12-31 01349240 d:OfficeEquipment 2022-12-31 01349240 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01349240 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01349240 d:CurrentFinancialInstruments 2023-12-31 01349240 d:CurrentFinancialInstruments 2022-12-31 01349240 d:Non-currentFinancialInstruments 2023-12-31 01349240 d:Non-currentFinancialInstruments 2022-12-31 01349240 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01349240 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01349240 d:ShareCapital 2023-12-31 01349240 d:ShareCapital 2022-12-31 01349240 d:RetainedEarningsAccumulatedLosses 2023-12-31 01349240 d:RetainedEarningsAccumulatedLosses 2022-12-31 01349240 c:OrdinaryShareClass1 2023-01-01 2023-12-31 01349240 c:OrdinaryShareClass1 2023-12-31 01349240 c:FRS102 2023-01-01 2023-12-31 01349240 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01349240 c:FullAccounts 2023-01-01 2023-12-31 01349240 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01349240 d:WithinOneYear 2023-12-31 01349240 d:WithinOneYear 2022-12-31 01349240 d:BetweenOneFiveYears 2023-12-31 01349240 d:BetweenOneFiveYears 2022-12-31 01349240 2 2023-01-01 2023-12-31 01349240 6 2023-01-01 2023-12-31 01349240 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01349240










CONTEX BUILDERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CONTEX BUILDERS LIMITED
REGISTERED NUMBER: 01349240

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
13,281
24,705

Investments
 5 
1,300
1,300

  
14,581
26,005

Current assets
  

Stocks
  
200,042
224,043

Debtors: amounts falling due after more than one year
 6 
716,708
474,557

Debtors: amounts falling due within one year
 6 
331,844
302,580

Cash at bank and in hand
  
278,778
316,340

  
1,527,372
1,317,520

Creditors: amounts falling due within one year
 7 
(303,795)
(310,303)

Net current assets
  
 
 
1,223,577
 
 
1,007,217

Total assets less current liabilities
  
1,238,158
1,033,222

Provisions for liabilities
  

Deferred tax
  
(2,673)
(5,743)

  
 
 
(2,673)
 
 
(5,743)

Net assets
  
1,235,485
1,027,479


Capital and reserves
  

Called up share capital 
  
8,000
8,000

Profit and loss account
  
1,227,485
1,019,479

  
1,235,485
1,027,479


Page 1

 
CONTEX BUILDERS LIMITED
REGISTERED NUMBER: 01349240
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 25 March 2024.





D. I. Bailey
Director

Page 2

 
CONTEX BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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 ongoing principal activity of the company is that of fixing drains and guttering. The principal place of business is Norwich, Norfolk.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CONTEX BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

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 balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

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 4

 
CONTEX BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Short-term leasehold land and buildings
-
20% straight line
Plant and equipment
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
33% reducing balance
Office equipment
-
33% reducing balance

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

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.

 
2.10

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.

Page 5

 
CONTEX BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

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, loans from banks and other third parties and loans to related parties. 

 
2.14

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 15 (2022 - 10).

Page 6

 
CONTEX BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


TANGIBLE FIXED ASSETS





Property improvements
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
9,958
50,478
18,833
23,706
102,975


Additions
3,238
-
-
-
3,238


Disposals
-
(13,803)
(703)
(7,176)
(21,682)



At 31 December 2023

13,196
36,675
18,130
16,530
84,531



Depreciation


At 1 January 2023
9,958
30,800
14,790
22,722
78,270


Charge for the year on owned assets
648
2,493
567
-
3,708


Disposals
-
(4,098)
(438)
(6,192)
(10,728)



At 31 December 2023

10,606
29,195
14,919
16,530
71,250



Net book value



At 31 December 2023
2,590
7,480
3,211
-
13,281



At 31 December 2022
-
19,679
4,043
984
24,706


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
1,300



At 31 December 2023
1,300




Page 7

 
CONTEX BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
716,708
474,557

716,708
474,557


2023
2022
£
£

Due within one year

Trade debtors
218,300
166,974

Amounts owed by group undertakings
85,878
85,878

Other debtors
6,075
21,070

Prepayments and accrued income
21,591
28,658

331,844
302,580



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
203,596
218,667

Other taxation and social security
94,352
87,326

Other creditors
1,850
903

Accruals and deferred income
3,997
3,407

303,795
310,303



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



8,000 Ordinary shares of £1.00 each
8,000
8,000


Page 8

 
CONTEX BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
22,504
7,935

Later than 1 year and not later than 5 years
46,367
40,886

68,871
48,821

 
Page 9