REGISTERED NUMBER: |
Jefferies Contractors Limited |
Audited Financial Statements |
for the Period |
1 September 2022 to 29 February 2024 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
INDEPENDENT AUDITORS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 September 2022 |
Additions |
Disposals |
At 29 February 2024 |
DEPRECIATION |
At 1 September 2022 |
Charge for period |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
At 31 August 2022 |
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 |
Additions |
Disposals | ( |
) | ( |
) |
At 29 February 2024 |
DEPRECIATION |
At 1 September 2022 |
Charge for period |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
At 31 August 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 31.8.22 |
(Unaudited) |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 31.8.22 |
(Unaudited) |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.2.24 | 31.8.22 |
(Unaudited) |
£ | £ |
Bank loans |
Hire purchase contracts |
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. |
for and on behalf of |
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. |