Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the company continues to be that of management consultancy activities.22falsetruefalse 12088907 2023-08-01 2024-07-31 12088907 2022-08-01 2023-07-31 12088907 2024-07-31 12088907 2023-07-31 12088907 c:Director1 2023-08-01 2024-07-31 12088907 c:Director2 2023-08-01 2024-07-31 12088907 d:Buildings 2023-08-01 2024-07-31 12088907 d:Buildings 2024-07-31 12088907 d:Buildings 2023-07-31 12088907 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12088907 d:LandBuildings 2024-07-31 12088907 d:LandBuildings 2023-07-31 12088907 d:FurnitureFittings 2023-08-01 2024-07-31 12088907 d:FurnitureFittings 2024-07-31 12088907 d:FurnitureFittings 2023-07-31 12088907 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12088907 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12088907 d:CurrentFinancialInstruments 2024-07-31 12088907 d:CurrentFinancialInstruments 2023-07-31 12088907 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12088907 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12088907 d:ShareCapital 2024-07-31 12088907 d:ShareCapital 2023-07-31 12088907 d:RetainedEarningsAccumulatedLosses 2024-07-31 12088907 d:RetainedEarningsAccumulatedLosses 2023-07-31 12088907 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 12088907 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 12088907 c:FRS102 2023-08-01 2024-07-31 12088907 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12088907 c:FullAccounts 2023-08-01 2024-07-31 12088907 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12088907 2 2023-08-01 2024-07-31 12088907 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 12088907










CONSTRUCT PROJECT SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
CONSTRUCT PROJECT SERVICES LIMITED
 

CONTENTS



Page
Accountants' report
 
1
Statement of financial position
 
2 - 3
Notes to the financial statements
 
4 - 8


 
CONSTRUCT PROJECT SERVICES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CONSTRUCT PROJECT SERVICES LIMITED
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Construct Project Services Limited for the year ended 31 July 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Construct Project Services Limited, as a body, in accordance with the terms of our engagement letter dated 2nd November 2022Our work has been undertaken solely to prepare for your approval the financial statements of Construct Project Services Limited and state those matters that we have agreed to state to the Board of directors of Construct Project Services Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Construct Project Services Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Construct Project Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Construct Project Services Limited. You consider that Construct Project Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Construct Project Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Larking Gowen LLP
 
Chartered Accountants
  
80 Grove Lane
Holt
NR25 6ED
27 August 2024
Page 1

 
CONSTRUCT PROJECT SERVICES LIMITED
REGISTERED NUMBER: 12088907

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,866
15,485

  
15,866
15,485

Current assets
  

Debtors: amounts falling due within one year
 5 
5,815
5,358

Cash at bank and in hand
  
26,684
37,161

  
32,499
42,519

Creditors: amounts falling due within one year
 6 
(15,593)
(18,284)

Net current assets
  
 
 
16,906
 
 
24,235

Total assets less current liabilities
  
32,772
39,720

Provisions for liabilities
  

Deferred tax
 7 
(1,149)
(694)

  
 
 
(1,149)
 
 
(694)

Net assets
  
31,623
39,026


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
31,523
38,926

  
31,623
39,026


Page 2

 
CONSTRUCT PROJECT SERVICES LIMITED
REGISTERED NUMBER: 12088907
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income statement 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 27 August 2024.




Martin Truman
Jayne Truman
Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
CONSTRUCT PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Construct Project Services Ltd is a company limited by shares, incorporated in England within the United Kingdom, registration number 12088907. The address of the registered office is 4 Meadow Drive, Mundesley, Norfolk, NR11 8LL.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling, which is the functional currency of the company and are rounded to the nearest £. 

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:

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.

 
2.3

Interest income

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

Page 4

 
CONSTRUCT PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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 reporting date.

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Leasehold property
-
not depreciated
Fixtures and fittings
-
25%
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.

Page 5

 
CONSTRUCT PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.  


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
2
2

Page 6

 
CONSTRUCT PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
11,831
7,951
19,782


Additions
461
1,116
1,577



At 31 July 2024

12,292
9,067
21,359



Depreciation


At 1 August 2023
-
4,297
4,297


Charge for the year on owned assets
-
1,196
1,196



At 31 July 2024

-
5,493
5,493



Net book value



At 31 July 2024
12,292
3,574
15,866



At 31 July 2023
11,831
3,654
15,485




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Leasehold
12,292
11,831

12,292
11,831



5.


Debtors

2024
2023
£
£


Trade debtors
2,640
2,640

Other debtors
2,876
2,718

Prepayments and accrued income
299
-

5,815
5,358


Page 7

 
CONSTRUCT PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
7,973
9,888

Other taxation and social security
5,232
6,300

Other creditors
510
498

Accruals and deferred income
1,878
1,598

15,593
18,284



7.


Deferred taxation




2024


£






At beginning of year
(694)


Charged to profit or loss
(455)



At end of year
(1,149)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,149)
(694)

(1,149)
(694)


8.


Related party transactions

At the year end one of the directors was owed £510 by the company, and this is shown within other creditors ( 2023 - £498 ).

 
Page 8