Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01property development and management65truetruefalse 03413515 2022-08-01 2023-07-31 03413515 2021-08-01 2022-07-31 03413515 2023-07-31 03413515 2022-07-31 03413515 c:Director1 2022-08-01 2023-07-31 03413515 d:Buildings d:ShortLeaseholdAssets 2022-08-01 2023-07-31 03413515 d:Buildings d:ShortLeaseholdAssets 2023-07-31 03413515 d:Buildings d:ShortLeaseholdAssets 2022-07-31 03413515 d:PlantMachinery 2022-08-01 2023-07-31 03413515 d:PlantMachinery 2023-07-31 03413515 d:PlantMachinery 2022-07-31 03413515 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03413515 d:MotorVehicles 2022-08-01 2023-07-31 03413515 d:MotorVehicles 2023-07-31 03413515 d:MotorVehicles 2022-07-31 03413515 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03413515 d:FurnitureFittings 2022-08-01 2023-07-31 03413515 d:FurnitureFittings 2023-07-31 03413515 d:FurnitureFittings 2022-07-31 03413515 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03413515 d:OfficeEquipment 2022-08-01 2023-07-31 03413515 d:OfficeEquipment 2023-07-31 03413515 d:OfficeEquipment 2022-07-31 03413515 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03413515 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03413515 d:CurrentFinancialInstruments 2023-07-31 03413515 d:CurrentFinancialInstruments 2022-07-31 03413515 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03413515 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 03413515 d:ShareCapital 2023-07-31 03413515 d:ShareCapital 2022-07-31 03413515 d:RetainedEarningsAccumulatedLosses 2023-07-31 03413515 d:RetainedEarningsAccumulatedLosses 2022-07-31 03413515 c:FRS102 2022-08-01 2023-07-31 03413515 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 03413515 c:FullAccounts 2022-08-01 2023-07-31 03413515 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03413515 d:WithinOneYear 2023-07-31 03413515 d:WithinOneYear 2022-07-31 03413515 d:BetweenOneFiveYears 2023-07-31 03413515 d:BetweenOneFiveYears 2022-07-31 03413515 d:MoreThanFiveYears 2023-07-31 03413515 d:MoreThanFiveYears 2022-07-31 03413515 2 2022-08-01 2023-07-31 03413515 6 2022-08-01 2023-07-31 03413515 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 03413515 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 03413515 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 03413515










CIVILS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
CIVILS LIMITED
REGISTERED NUMBER: 03413515

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
61,810
82,146

  
61,810
82,146

Current assets
  

Stocks
  
603,793
611,353

Debtors: amounts falling due within one year
 6 
1,528,761
1,474,311

Cash at bank and in hand
  
462,640
107,489

  
2,595,194
2,193,153

Creditors: amounts falling due within one year
 7 
(914,986)
(385,297)

Net current assets
  
 
 
1,680,208
 
 
1,807,856

Total assets less current liabilities
  
1,742,018
1,890,002

Provisions for liabilities
  

Deferred tax
 8 
(7,542)
(11,080)

  
 
 
(7,542)
 
 
(11,080)

Net assets
  
1,734,476
1,878,922


Capital and reserves
  

Called up share capital 
  
1,110
1,110

Profit and loss account
  
1,733,366
1,877,812

  
1,734,476
1,878,922


Page 1

 
CIVILS LIMITED
REGISTERED NUMBER: 03413515
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 statement of income and retained earnings 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: 




D Thackeray
Director

Date: 30 July 2024

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

Page 2

 
CIVILS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Civils Limited is a private company limited by shares incorporated in England and Wales in the United Kingdom. The address of the registered office is Unit 15a Main Farm Office, Brogdale Farm, Faversham, Kent, England, ME13 8XZ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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 judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents amounts receivable for rent and associated fees net of VAT. 

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

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

Page 3

 
CIVILS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

The estimated useful lives range as follows:

S/Term Leasehold Property
-
10 years
Plant and machinery
-
10 years
Motor vehicles
-
25% reducing balance basis
Fixtures and fittings
-
5 years
Office equipment
-
3 years

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.

Page 4

 
CIVILS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
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.

 
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.

Page 5

 
CIVILS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
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.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.

Page 6

 
CIVILS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 5).


5.


Tangible fixed assets





S/Term Leasehold Property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 August 2022
3,613
58,228
54,750
263
5,386
122,240


Additions
-
-
-
87
-
87


Disposals
-
-
(3,750)
-
-
(3,750)



At 31 July 2023

3,613
58,228
51,000
350
5,386
118,577



Depreciation


At 1 August 2022
722
23,292
13,688
53
2,339
40,094


Charge for the year on owned assets
361
5,823
9,562
69
1,795
17,610


Disposals
-
-
(937)
-
-
(937)



At 31 July 2023

1,083
29,115
22,313
122
4,134
56,767



Net book value



At 31 July 2023
2,530
29,113
28,687
228
1,252
61,810



At 31 July 2022
2,891
34,936
41,062
210
3,047
82,146


6.


Debtors

2023
2022
£
£


Trade debtors
77,727
29,677

Amounts owed by group undertakings
476,514
269,555

Amounts owed by joint ventures and associated undertakings
465,839
1,062,199

Other debtors
361,157
58,003

Prepayments and accrued income
147,524
54,877

1,528,761
1,474,311


Page 7

 
CIVILS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,341
62,704

Amounts owed to group undertakings
-
19,080

Amounts owed to other participating interests
431,060
47,516

Other taxation and social security
41,027
14,815

Other creditors
407,540
217,861

Accruals and deferred income
27,018
23,321

914,986
385,297



8.


Deferred taxation




2023


£






At beginning of year
(11,080)


Charged to profit or loss
3,538



At end of year
(7,542)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(7,542)
(11,080)

(7,542)
(11,080)

Page 8

 
CIVILS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Commitments under operating leases

At 31 July 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
36,000
36,000

Later than 1 year and not later than 5 years
144,000
144,000

Later than 5 years
72,000
108,000

252,000
288,000

 
Page 9