Company registration number:
CField Construction Limited
CField Construction Limited
Contents
| Page |
|
|
Directors and other information | 1 |
|
|
Strategic report | 2 |
|
|
Directors report | 4 |
|
|
Independent auditor's report to the members | 6 |
|
|
Statement of comprehensive income | 10 |
|
|
Statement of financial position | 11 |
|
|
Statement of cash flows | 12 |
|
|
Notes to the financial statements | 13 |
CField Construction Limited
Directors and other information
Directors | Patrick Crowley |
| |
| Sheila Gisler (resigned 20 November 2023) |
|
|
Secretary | |
| |
|
|
Company number | 07745000 |
|
|
Registered office | |
| |
| London, |
| |
|
|
Business address | Tower Bridge Business Centre, |
| 46-48 East Smithfield, |
| London, |
| E1W 1AW. |
|
|
Auditor | |
| Chartered Accountants & Statutory Auditor, |
| Monahan House, |
| Celtic Business Park, |
| Monahan Road, |
| Cork. |
|
|
Bankers | |
| 60 Queen Victoria Street, |
| London, |
| EC4N 4TR. |
CField Construction Limited
Strategic report
Year ended 31 December 2023
Principal activities
Development and performance
There have been no significant changes in the Company’s activities during the financial year.
The company's revenue has increased to £141,859,514 (2022: £71,725,411).
The growth of the Company is continuously being achieved through the investment in certified environmental management systems while delivering projects to the highest quality in a safe, cost effective and timely manner to achieve maximum value on each and every project.
The Company is committed to our customers; identifying that relationships and teamwork have been vital to building our success and will be key to our future.
In addition to using financial KPI's such as those mentioned above, the Directors, also rely on non-financial KPI's (such as environmental, occupational, health & safety) to measure the success of the business. The Company is applying an Environmental and Occupational Health & Safety (EOHS) Management System that is designed to maintain and continually improve the effectiveness and efficiency of the organisation's performance. The management system meets the requirements of ISO 14001:2015 and ISO 45001:2018.
The Directors continually endeavour to improve the quality and value of the services we provide to our clients, the Health and Safety of all interested parties affected by our activities and the impact on the environment.
Complimenting this, we also strive to deliver social and economic gains now and for future generations. We recognise our responsibility in carrying out sustainable construction practices and have placed a major emphasis on engagement with communities in our effort to minimise our impact on the environment. Our commitment to sustainable business practices is implemented through our Sustainability Policy and our Safety, Quality and Environmental Management Systems, all of which are certified to the relevant ISO standards.
Our success reflects our continuous commitment to our people, our clients, our supply chain and corporate responsibility practices.
Assets, liabilities, and financial position
The Company’s net assets have decreased by £697,896 to £6,371,663 (2022: £7,069,559).
Dividend
During the financial year the directors paid a dividend of £1,179,000 to CField CS Group Limited (2022: £100,700)
CField Construction Limited
Strategic report
Year ended 31 December 2023
Principal risks and uncertainties
The Directors regularly review risks facing the Company and consider that, as far as is possible, there are appropriate policies and procedures in place to mitigate the impact of these risks on the Company. The principle risks for our company includes the following:
Credit risk
The Company's credit risks are mainly attributable to the amounts receivable from its customers. We have invested in and operate a modern and efficient financial and management reporting system that monitors our customers and our debtor book on a day to day basis.
Currency risk
The Company's activities are focused in the United Kingdom and are conducted primarily in sterling. This results in inconsequential levels of currency transaction risk. Variances in this regard are reflected in the income statement in the year in which they arise.
Liquidity risk
The Company finances its operations through a mixture of cash reserves in the bank and trade debtors including amounts receivable on contracts. The Company does not have any loans, overdrafts or other borrowing facilities (aside from corporate credit cards, which are paid off on a monthly basis).
Commercial risk
The coming year has uncertainties beyond our control, that could impact the Company's performance. These include the rising interest rate environment and the UK economy outlook.
This report was approved by the board of directors on 17 July 2024 and signed on behalf of the board by:
|
|
Patrick Crowley | Barry Crowley |
Director | Director |
CField Construction Limited
Directors’ report
Year ended 31 December 2023
The Directors present their report and the financial statements of the Company for the year ended 31 December 2023.
Directors
The Directors who served the Company during the year were as follows:
Sheila Gisler (resigned 20 November 2023)
Patrick Crowley
Barry Crowley
Patrick Crowley and Barry Crowley retire from the board by rotation in accordance with the Articles of Association and, being eligible, offer themselves for re-election.
Company secretary
Sheila Gisler served as the company secretary up to 20 November 2023. Sheila Gisler resigned as the company secretary on this date and was replaced by Patrick Crowley.
Future developments
The Directors are not expected to make any significant changes in the nature of the business in the near future.
Research and development
The Company engages in the research and development of construction technologies.
Directors responsibilities statement
The Directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the profit or loss of the Company for that period.
In preparing these financial statements, the Directors are required to:
• | select suitable accounting policies and then apply them consistently; |
• | make judgments and accounting estimates that are reasonable and prudent; and |
• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. |
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
CField Construction Limited
Directors’ report
Year ended 31 December 2023
Auditor
Each of the persons who is a director at the date of approval of this report confirms that.
• | so far as they are aware, there is no relevant audit information of which the Company's auditor is unaware; and |
• | they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the Company's auditor is aware of that information. |
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
This report was approved by the board of directors on
|
|
Patrick Crowley | Barry Crowley |
Director | Director |
Independent auditor’s report to the member of
CFieid Construction Limited
Opinion
We have audited the financial statements of CFieid Construction Limited (the ‘Company’) for the year ended 31 December 2023 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom law and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.
In our opinion, the financial statements:
• | give a true and fair view of the state of the Company’s affairs as at 31 December 2023 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast doubt on the (entity)’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibility and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.
Independent auditor’s report to the member of
CField Construction Limited
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The Directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
• | the information given in the strategic report and the Directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
• | the strategic report and the Directors’ report has been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the Directors' report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and the returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Independent auditor’s report to the member of
CField Construction Limited
Responsibilities of directors
As explained more fully in the Directors' responsibilities statement, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Directors.
Conclude on the appropriateness of the Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Independent auditor’s report to the member of
CField Construction Limited
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made sotely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.
For and on behalf of
Paul O'Donovan & Associates
Chartered Accountants & Statutory Auditors
Monahan House
Celtic Business Park
Monahan Road
Date:
CField Construction Limited
Statement of Comprehensive Income
Year ended 31 December 2023
|
| 2023 | 2022 |
| Note | £ | £ |
|
|
|
|
Turnover | 4 | ||
Cost of sales |
| ( | ( |
|
|
|
|
Gross profit |
| ||
|
|
|
|
Administrative expenses |
| ( | ( |
|
|
|
|
Operating profit | 5 | ||
|
|
|
|
Profit before taxation |
| ||
|
|
|
|
Tax on profit on ordinary activities | 8 | ||
|
|
|
|
Profit for the financial year and total comprehensive income |
| ||
|
|
|
|
Dividend Paid |
| ( | ( |
|
|
|
|
Retained earnings at the start of the year |
| ||
|
|
|
|
Retained earnings at the end of the year |
|
All the activities of the Company are from continuing operations.
CField Construction Limited
Statement of Financial Position
|
| 2023 | 2022 | ||
| Note | £ | £ | £ | £ |
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
Intangible assets | 9 |
|
| ||
Tangible assets | 10 |
|
| ||
Investments | 11 |
|
| ||
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
Current assets |
|
|
|
|
|
Debtors | 12 |
|
| ||
Cash at bank and in hand | 13 |
|
| ||
|
|
|
|
|
|
|
|
|
| ||
Creditors: amounts falling due within one year | 14 | ( |
| ( |
|
|
|
|
|
|
|
Net current assets |
|
|
| ||
|
|
|
|
|
|
Total assets less current liabilities |
|
|
| ||
|
|
|
|
|
|
Net assets |
|
|
| ||
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
Called up share capital | 17 |
|
| ||
Profit and loss account | 18 |
|
| ||
|
|
|
|
|
|
Shareholders funds |
|
|
|
These financial statements were approved by the
|
|
Patrick Crowley | Barry Crowley |
Director | Director |
CField Construction Limited
Statement of Cash Flows Year
ended 31 December 2023
|
| 2023 | 2022 |
| Note | £ | £ |
|
|
|
|
Cash flows from operating activities |
|
|
|
Profit for the financial year |
| ||
|
|
|
|
Adjustments for: |
|
|
|
Depreciation of tangible assets |
| ||
Amortisation of intangible assets |
| ||
Tax on profit |
| ( | ( |
Accrued expenses/(income) |
| ( | |
|
|
|
|
Changes in: |
|
|
|
Trade and other debtors |
| ( | ( |
Trade and other creditors |
| ||
|
|
|
|
Cash generated from operations |
| ( | |
|
|
|
|
Tax R&D credit refunded |
| - | |
Tax paid |
| ( | - |
|
|
|
|
Net cash from operating activities |
| ( | |
|
|
|
|
Cash flows from investing activities |
|
|
|
Purchase of tangible assets |
| - | ( |
Purchases of intangible assets |
| ( | ( |
|
|
|
|
Net cash used in investing activities |
| ( | ( |
|
|
|
|
Cash flows from financing activities |
|
|
|
Group dividend |
| ( | ( |
|
|
|
|
Net cash from/(used in) financing activities |
| ( | ( |
|
|
|
|
Net increase/(decrease) in cash and cash equivalents |
| ( | |
Cash and cash equivalents at beginning of year | 13 | ||
|
|
|
|
Cash and cash equivalents at end of year | 13 |
CField Construction Limited
Notes to the financial statements
Year ended 31 December 2023
1. General information
The Company is a private company limited by shares, registered in
2. Statement of compliance
3. Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue comprises the fair value of construction carried out in the year based on an internal assessment of work carried out. Once the outcome of a construction contract can be estimated reliably, profit is recognised in the Statement of income and retained earnings on a stage of contract completion basis by reference to the costs incurred to date.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
CField Construction Limited
Notes to the financial statements
Year ended 31 December 2023
Foreign currencies
Tangible assets
Depreciation
Construction equipment | - |
Fittings fixtures and equipment | - |
Motor vehicles | - |
Plant | - |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Intangible assets
Amortisation
Software development costs | - |
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
CField Construction Limited
Notes to the financial statements (continued)
Year ended 31 December 2023
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the year end.
Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.
When it is probable that total contract costs will exceed total contract revenue, the expected loss is expensed immediately, with a corresponding provision for an onerous contract being recognised.
Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectable amount is expensed rather than recognised as an adjustment to the amount of contract revenue.
The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
Financial instruments
Share Capital of the Company
Ordinary Share Capital
The ordinary share capital of the Company is presented as equity.
Cash and cash equivalents
Other financial assets
CField Construction Limited
Notes to the financial statements (continued)
Year ended 31 December 2023
Loans and borrowings
Other financial liabilities
Impairment of financial assets
Going Concern
In reaching their view on the preparation of the Company’s financial statements on a going concern basis, the Directors are required to consider whether the Company can continue in operational existence for at least 12 months from the date of the report. The Directors have made appropriate enquiries and considered the Company’s business activities, together with factors likely to affect its future performance and position.
Having considered all available information, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of this report. Accordingly, the Directors have continued to adopt the going concern basis in preparing the financial statements.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
CField Construction Limited
Notes to the financial statements (continued)
Year ended 31 December 2023
4. Turnover
5. Operating profit
Operating profit is stated after charging/(crediting):
| 2023 | 2022 |
| £ | £ |
Depreciation of tangible assets | ||
Amortisation of intangible assets |
6 Staff costs
The average number of persons employed by the Company during the year, including the Directors amounted to:
| 2023 | 2022 |
Directors | ||
Employees | ||
|
|
|
| ||
|
|
|
The aggregate payroll costs incurred during the year were: |
|
|
| 2023 | 2022 |
| £ | £ |
Wages and salaries | ||
Social security costs | ||
Other pension costs | ||
|
|
|
|
CField Construction Limited
Notes to the financial statements (continued)
Year ended 31 December 2023
7. Directors remuneration
The Directors aggregate remuneration in respect of qualifying services was:
| 2023 | 2022 |
| £ | £ |
Remuneration | ||
Company contributions to pension schemes in respect of qualifying services | ||
|
|
|
|
Remuneration of the highest paid director in respect of qualifying services:
| 2023 | 2022 |
| £ | £ |
Aggregate remuneration | 225,001 | 210,000 |
Company contributions to pension plans in respect of qualifying services | 9,000 | 8,400 |
|
|
|
| 234,001 | 218,400 |
The key management of the Company are deemed to be the Directors of the Company.
CField Construction Limited
Notes to the financial statements (continued)
Year ended 31 December 2023
8. Tax on profit
Major components of tax expense | 2023 | 2022 |
| £ | £ |
Current tax: |
|
|
UK current tax charge | ( | ( |
|
|
|
Tax on profit on ordinary activities | ( | ( |
Reconciliation of tax expense | 2023 | 2022 |
| £ | £ |
Profit before taxation | ||
|
|
|
Portion of the profit on ordinary activities by rate of corporation tax | ||
Effect of expenses not deductible for tax purposes | ||
Effect of capital allowances and depreciation | ||
Movement in deferred tax provision | ( | ( |
Income Tax on directors Loan | ||
Effect of R&D Tax Losses | ( | |
R&D Tax Credit | ( | ( |
|
|
|
Tax on profits on ordinary activities | ( | ( |
CField Construction Limited
Notes to the financial statements (continued)
Year ended 31 December 2023
9. Intangible assets
| Software Development | Total |
| £ | £ |
Cost |
|
|
At 1 January 2023 and 31 December 2023 | ||
Additions | ||
Disposals | - | - |
|
|
|
| ||
Amortisation |
|
|
At 1 January 2023 | ||
Charge for the year | ||
|
|
|
At 31 December 2023 | ||
|
|
|
Carrying amount |
|
|
At 31 December 2023 | ||
|
|
|
At 31 December 2022 |
CField Construction Limited
Notes to the financial statements (continued)
Year ended 31 December 2023
10. Tangible assets
| Construction equipment | Plant | Fixtures, fittings and equipment | Motor vehicles | Total |
| £ | £ | £ | £ | £ |
Cost |
|
|
|
|
|
At 1 January 2023 | |||||
Additions | - | - | - | - | - |
Disposals | - | - | ( | - | ( |
|
|
|
|
|
|
At 31 December 2023 | |||||
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
At | |||||
Charge for the financial year | - | - | - | ||
Disposal | - | - | ( | - | ( |
|
|
|
|
|
|
At 31 December 2023 | |||||
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
At 31 December 2023 | - | - | - | ||
|
|
|
|
|
|
At | - | - | - |
CField Construction Limited
Notes to the financial statements (continued)
Year ended 31 December 2023
11. Investments
| Unquoted Investments | Total |
| £ | £ |
Cost |
|
|
At 1 January 2023 | 1,000,000 | 1,000,000 |
Additions | - | - |
Disposals |
|
|
|
|
|
At 31 December 2023 | 1,000,000 | 1,000,000 |
|
|
|
Impairment |
|
|
At 1 January 2023 and 31 December 2023 | - | - |
|
|
|
Carrying amount |
|
|
At 31 December 2023 | 1,000,000 | |
|
|
|
At 31 December 2022 | 1,000,000 |
Investments are stated at cost
12. Debtors
| 2023 | 2022 |
| £ | £ |
Trade debtors | ||
Amounts owed by customers on construction contracts | ||
Prepayments and accrued income | ||
Revenue debtors | - | |
Other Debtors | ||
|
|
|
|
13. Cash and cash equivalents
| 2023 | 2022 |
| £ | £ |
Cash at bank and in hand | ||
|
|
|
|
CField Construction Limited
Notes to the financial statements (continued)
Year ended 31 December 2023
14. Creditors: amounts falling due within one year
| 2023 | 2022 |
| £ | £ |
Corporate credit cards | ||
Trade creditors | ||
Amounts owed to group undertakings | ||
Accruals and deferred income | ||
Social security and other taxes | ||
Other Revenue Creditors | ||
Deferred Tax Provision (Note 15) | ||
Subcontractor retention | ||
|
|
|
|
15. Deferred Tax
The deferred tax provision included in the balance sheet is as follows:
| 2023 | 2022 |
| £ | £ |
Charged to profit and loss account for year | ||
|
|
|
At the end of the year |
16. Employee benefits
The amount recognised in profit or loss in relation to
17. Called up share capital
Authorised share capital
| 2023 | 2022 | ||
| No | £ | No | £ |
Ordinary shares of £1.00 each | 100,000 | 100,000 | 100,000 | 100,000 |
|
|
|
|
|
Issued, called up and fully paid |
|
|
|
|
| 2023 | 2022 | ||
| No | £ | No | £ |
CField Construction Limited
Notes to the financial statements (continued)
Year ended 31 December 2023
18. Reserves
19. Related party transactions
During the financial year,
20. Directors Loan
During the year, the company advanced a loan to Sheila Gisler in the amount of £19,018. This loan remains outstanding at the year end. The loan is interest free and repayable on demand. The loan balance of £19,018 is included in Other Debtors in Note 12.
21. Group membership and ultimate controlling interest
CField CS Group Limited owns 100% of the ordinary share capital of CField Construction Limited. CField CS Group Limited is 100% owned by Caipin Limited. The ultimate controlling party is
22. Approval of financial statements
The board of directors approved these financial statements for issue on 17 July 2024.