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REGISTERED NUMBER: 06649643 (England and Wales)















Jefferies Contractors Limited

Audited Financial Statements

for the Period

1 September 2022 to 29 February 2024






Jefferies Contractors Limited (Registered number: 06649643)






Contents of the Financial Statements
for the Period 1 September 2022 to 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Jefferies Contractors Limited

Company Information
for the Period 1 September 2022 to 29 February 2024







DIRECTORS: L C Bevan
L D Bullock
J Nelson
T T Ware
A Crewe





REGISTERED OFFICE: Unit 17 Mill Park Industrial Estate
Hawkes Green
Cannock
Staffordshire
WS11 7XT





REGISTERED NUMBER: 06649643 (England and Wales)





INDEPENDENT AUDITORS: Xeinadin Audit Limited
Chartered Accountants
& Statutory Auditors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Jefferies Contractors Limited (Registered number: 06649643)

Statement of Financial Position
29 February 2024

29.2.24 31.8.22
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 237,272 145,658

CURRENT ASSETS
Stocks 354,702 278,943
Debtors 5 2,897,148 1,216,846
Cash at bank 670,237 963,374
3,922,087 2,459,163
CREDITORS
Amounts falling due within one year 6 2,130,198 1,483,673
NET CURRENT ASSETS 1,791,889 975,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,029,161

1,121,148

CREDITORS
Amounts falling due after more than one year 7 (83,239 ) (68,180 )

PROVISIONS FOR LIABILITIES (51,308 ) (21,000 )
NET ASSETS 1,894,614 1,031,968

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,894,514 1,031,868
1,894,614 1,031,968

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





L C Bevan - Director


Jefferies Contractors Limited (Registered number: 06649643)

Notes to the Financial Statements
for the Period 1 September 2022 to 29 February 2024

1. STATUTORY INFORMATION

Jefferies Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

During the period became a subsidiary undertaking of the Cardo Group Limited, as a result the company extended its accounting period so that it is coterminous with all other group companies.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The financial statements of the company are consolidated in the financial statements of Cardo Group Limited, Unit 1 & 2 Stuart Close Trade Park, Cardiff. CF11 8QF

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks & work in progress
Stock and work in progress are stated at the lower of cost and estimated selling price less costs to complete. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overhead. Stock and work in progress are recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Jefferies Contractors Limited (Registered number: 06649643)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Asset obtained under hire purchase contracts or finance leases are capitalised in balance sheet. Those held under hire purchase contract are depreciated over their estimated useful lives. Those held under finance lease are depreciated over estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payment is treated as liability.

Rentals paid under operating leases are charged to profit or loss on straight line basis over the period of lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2022 - 20,213 32,997
Additions 29,481 3,717 13,986
Disposals - - -
At 29 February 2024 29,481 23,930 46,983
DEPRECIATION
At 1 September 2022 - 16,150 25,599
Charge for period 536 2,503 3,566
At 29 February 2024 536 18,653 29,165
NET BOOK VALUE
At 29 February 2024 28,945 5,277 17,818
At 31 August 2022 - 4,063 7,398

Jefferies Contractors Limited (Registered number: 06649643)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 182,272 32,297 267,779
Additions 99,143 8,493 154,820
Disposals (3,676 ) - (3,676 )
At 29 February 2024 277,739 40,790 418,923
DEPRECIATION
At 1 September 2022 52,112 28,260 122,121
Charge for period 48,815 4,110 59,530
At 29 February 2024 100,927 32,370 181,651
NET BOOK VALUE
At 29 February 2024 176,812 8,420 237,272
At 31 August 2022 130,160 4,037 145,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 31.8.22
(Unaudited)
£    £   
Trade debtors 1,293,936 846,481
Amounts owed by group undertakings 1,588,519 370,365
Other debtors 14,693 -
2,897,148 1,216,846

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 31.8.22
(Unaudited)
£    £   
Bank loans and overdrafts - 10,000
Hire purchase contracts 29,754 38,714
Trade creditors 972,961 713,305
Amounts owed to group undertakings 36,265 269,265
Taxation and social security 531,083 332,070
Other creditors 560,135 120,319
2,130,198 1,483,673

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 31.8.22
(Unaudited)
£    £   
Bank loans - 34,167
Hire purchase contracts 83,239 34,013
83,239 68,180

Jefferies Contractors Limited (Registered number: 06649643)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 31.8.22
(Unaudited)
£    £   
Hire purchase contracts 112,993 72,727

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lewis Van Emden (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

10. ULTIMATE CONTROLLING PARTY

On the 13 September 2023, following the sale of shares in Jefferies Holdings Limited the parent company of Jefferies Contractors Limited, Cardo Group Limited became parent company with BP Inv6 Bidco Limited being the ultimate parent company.

11. GUARANTEES AND CHARGES

HSBC Bank plc holds a debenture including fixed and floating charges over all assets and undertaking both present and future.