Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-318false92022-11-01No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11627921 2022-11-01 2023-10-31 11627921 2021-11-01 2022-10-31 11627921 2023-10-31 11627921 2022-10-31 11627921 c:Director1 2022-11-01 2023-10-31 11627921 d:OfficeEquipment 2022-11-01 2023-10-31 11627921 d:OfficeEquipment 2023-10-31 11627921 d:OfficeEquipment 2022-10-31 11627921 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11627921 d:Goodwill 2022-11-01 2023-10-31 11627921 d:Goodwill 2023-10-31 11627921 d:Goodwill 2022-10-31 11627921 d:CurrentFinancialInstruments 2023-10-31 11627921 d:CurrentFinancialInstruments 2022-10-31 11627921 d:Non-currentFinancialInstruments 2023-10-31 11627921 d:Non-currentFinancialInstruments 2022-10-31 11627921 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11627921 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11627921 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 11627921 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 11627921 d:ShareCapital 2023-10-31 11627921 d:ShareCapital 2022-10-31 11627921 d:RetainedEarningsAccumulatedLosses 2023-10-31 11627921 d:RetainedEarningsAccumulatedLosses 2022-10-31 11627921 c:OrdinaryShareClass1 2022-11-01 2023-10-31 11627921 c:OrdinaryShareClass1 2023-10-31 11627921 c:OrdinaryShareClass1 2022-10-31 11627921 c:FRS102 2022-11-01 2023-10-31 11627921 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11627921 c:FullAccounts 2022-11-01 2023-10-31 11627921 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11627921 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-11-01 2023-10-31 11627921 2 2022-11-01 2023-10-31 11627921 6 2022-11-01 2023-10-31 11627921 d:Goodwill d:OwnedIntangibleAssets 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11627921









CONSTRUCTION LOGISTICS GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
CONSTRUCTION LOGISTICS GROUP LIMITED
REGISTERED NUMBER: 11627921

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
  
314,218
-

Tangible assets
 5 
10,641
18,476

Investments
 6 
918
830

  
325,777
19,306

Current assets
  

Debtors: amounts falling due within one year
 7 
1,566,272
1,062,008

Cash at bank and in hand
 8 
568,123
86,771

  
2,134,395
1,148,779

Creditors: amounts falling due within one year
 9 
(1,597,801)
(843,749)

Net current assets
  
 
 
536,594
 
 
305,030

Total assets less current liabilities
  
862,371
324,336

Creditors: amounts falling due after more than one year
 10 
(15,833)
(25,833)

  

Net assets
  
846,538
298,503


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Profit and loss account
  
845,538
297,503

  
846,538
298,503


Page 1

 
CONSTRUCTION LOGISTICS GROUP LIMITED
REGISTERED NUMBER: 11627921
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

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 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 statement of comprehensive income 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 by: 




B Taylor
Director

Date: 12 April 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CONSTRUCTION LOGISTICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Construction Logistics Group Limited is a private company limited by shares and incorporated in England & Wales (registered number 11627921). The registered office address is 6th Floor 100 Fenchurch Street, London, EC3M 5JD.
The financial statements are presented in Sterling, which is the functional currency of the Company.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

Interest income

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

Page 3

 
CONSTRUCTION LOGISTICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

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.

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
CONSTRUCTION LOGISTICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

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.

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.

Depreciation is provided on the following basis:

Office and computer equipment
-
25%
Straight line method

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.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

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.

 
2.13

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.

 
2.14

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.

Page 5

 
CONSTRUCTION LOGISTICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.15

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 - 8).


4.


Intangible assets




Goodwill

£



Cost


Additions
418,958



At 31 October 2023

418,958



Amortisation


Charge for the year on owned assets
104,740



At 31 October 2023

104,740



Net book value



At 31 October 2023
314,218



At 31 October 2022
-



Page 6

 
CONSTRUCTION LOGISTICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Office and computer equipment

£



Cost or valuation


At 1 November 2022
38,432


Additions
2,171



At 31 October 2023

40,603



Depreciation


At 1 November 2022
19,956


Charge for the year on owned assets
10,006



At 31 October 2023

29,962



Net book value



At 31 October 2023
10,641



At 31 October 2022
18,476


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2022
830


Additions
88



At 31 October 2023
918




Page 7

 
CONSTRUCTION LOGISTICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
681,207
383,363

Amounts owed by group undertakings
48,170
-

Other debtors
73,276
264,052

Prepayments and accrued income
763,619
414,593

1,566,272
1,062,008



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
568,123
86,771

568,123
86,771



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
299,450
320,779

Trade creditors
553,178
415,081

Amounts owed to group undertakings
-
830

Corporation tax
255,271
50,859

Other taxation and social security
29,657
15,819

Other creditors
138,699
1,981

Accruals and deferred income
321,546
38,400

1,597,801
843,749


The bank loans are secured by way of a fixed and floating charge over the assets of the company.

Page 8

 
CONSTRUCTION LOGISTICS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,833
25,833

15,833
25,833



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



12.


Related party transactions

Included within creditors is an amount of £783 (2022: £382)  due to the director of the company. 

 
Page 9