6 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 205,287 205,287 205,287 xbrli:pure xbrli:shares iso4217:GBP 03685317 2023-01-01 2023-12-31 03685317 2023-12-31 03685317 2022-12-31 03685317 2022-01-01 2022-12-31 03685317 2022-12-31 03685317 2021-12-31 03685317 core:PlantMachinery 2023-01-01 2023-12-31 03685317 core:FurnitureFittings 2023-01-01 2023-12-31 03685317 core:MotorVehicles 2023-01-01 2023-12-31 03685317 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 03685317 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 03685317 bus:Director1 2023-01-01 2023-12-31 03685317 core:LandBuildings 2022-12-31 03685317 core:PlantMachinery 2022-12-31 03685317 core:FurnitureFittings 2022-12-31 03685317 core:MotorVehicles 2022-12-31 03685317 core:LandBuildings 2023-12-31 03685317 core:PlantMachinery 2023-12-31 03685317 core:FurnitureFittings 2023-12-31 03685317 core:MotorVehicles 2023-12-31 03685317 core:WithinOneYear 2023-12-31 03685317 core:WithinOneYear 2022-12-31 03685317 core:ShareCapital 2023-12-31 03685317 core:ShareCapital 2022-12-31 03685317 core:RetainedEarningsAccumulatedLosses 2023-12-31 03685317 core:RetainedEarningsAccumulatedLosses 2022-12-31 03685317 core:BetweenOneFiveYears 2022-12-31 03685317 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 03685317 core:Non-currentFinancialInstruments 2023-12-31 03685317 core:Non-currentFinancialInstruments 2022-12-31 03685317 core:LandBuildings 2022-12-31 03685317 core:PlantMachinery 2022-12-31 03685317 core:FurnitureFittings 2022-12-31 03685317 core:MotorVehicles 2022-12-31 03685317 bus:Director1 2022-12-31 03685317 bus:Director1 2023-12-31 03685317 bus:Director1 2021-12-31 03685317 bus:Director1 2022-12-31 03685317 bus:Director1 2022-01-01 2022-12-31 03685317 bus:SmallEntities 2023-01-01 2023-12-31 03685317 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03685317 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03685317 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03685317 bus:FullAccounts 2023-01-01 2023-12-31 03685317 bus:AllOrdinaryShares 2023-12-31 03685317 bus:AllOrdinaryShares 2022-12-31 03685317 bus:OrdinaryShareClass2 2023-12-31 03685317 bus:OrdinaryShareClass2 2022-12-31 03685317 bus:OrdinaryShareClass3 2023-12-31 03685317 bus:OrdinaryShareClass3 2022-12-31
COMPANY REGISTRATION NUMBER: 03685317
Capital Construction Management Limited
Filleted Unaudited Financial Statements
31 December 2023
Capital Construction Management Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed Assets
Tangible assets
5
281,366
274,628
Investments
6
205,287
205,287
----------
----------
486,653
479,915
Current Assets
Stocks
774,999
1,764,146
Debtors
7
185,046
451,602
Cash at bank and in hand
1,139,051
1,249,308
-------------
-------------
2,099,096
3,465,056
Creditors: amounts falling due within one year
8
2,510,640
3,344,402
-------------
-------------
Net Current (Liabilities)/Assets
( 411,544)
120,654
----------
----------
Total Assets Less Current Liabilities
75,109
600,569
---------
----------
Net Assets
75,109
600,569
---------
----------
Capital and Reserves
Called up share capital
9
100
100
Profit and loss account
75,009
600,469
---------
----------
Shareholders Funds
75,109
600,569
---------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Capital Construction Management Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
A W Onions
Director
Company registration number: 03685317
Capital Construction Management Limited
Notes to the Financial Statements
Year ended 31st December 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7 Henry Close, Battlefield Enterprise Park, Shrewsbury, Shropshire, SY1 3IJ.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Revenue Recognition
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 from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating Leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
33% reducing balance
Motor vehicles
-
25% reducing balance
The directors consider that the freehold properties are maintained in such a state of repair that the residual value is at least equal to the net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account. The directors perform annual impairment reviews in accordance with relevant accounting standards to ensure that the carrying value is not lower than the recoverable amount.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment properties are revalued to their fair values at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of Fixed Assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, which the transaction is measured at the present value of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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 as a finance cost in profit or loss in the period in which it arises.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 6 ).
5. Tangible Assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1st January 2023
240,960
66,834
74,640
74,670
457,104
Additions
2,000
24,004
26,004
Disposals
( 18,620)
( 18,620)
----------
---------
---------
---------
----------
At 31st December 2023
240,960
68,834
74,640
80,054
464,488
----------
---------
---------
---------
----------
Depreciation
At 1st January 2023
54,935
67,749
59,792
182,476
Charge for the year
3,016
2,295
8,309
13,620
Disposals
( 12,974)
( 12,974)
----------
---------
---------
---------
----------
At 31st December 2023
57,951
70,044
55,127
183,122
----------
---------
---------
---------
----------
Carrying amount
At 31st December 2023
240,960
10,883
4,596
24,927
281,366
----------
---------
---------
---------
----------
At 31st December 2022
240,960
11,899
6,891
14,878
274,628
----------
---------
---------
---------
----------
6. Investments
Other investments other than loans
£
Cost
At 1st January 2023 and 31st December 2023
205,287
----------
Impairment
At 1st January 2023 and 31st December 2023
----------
Carrying amount
At 31st December 2023
205,287
----------
At 31st December 2022
205,287
----------
On 31st December 2023 the investment property was valued by Mr A W Onions , a director of the company on an open market value basis in the sum of £205,287 (2022 - £205,287)
7. Debtors
2023
2022
£
£
Trade debtors
144,743
198,262
Other debtors
40,303
253,340
----------
----------
185,046
451,602
----------
----------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
552,441
1,280,722
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,621,684
1,540,406
Social security and other taxes
302,970
515,136
Other creditors
33,545
8,138
-------------
-------------
2,510,640
3,344,402
-------------
-------------
9. Called Up Share Capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A £1 shares of £ 1 each
95
95
95
95
Ordinary B £1 shares of £ 1 each
5
5
5
5
----
----
----
----
100
100
100
100
----
----
----
----
10. Operating Leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
347
1,819
Later than 1 year and not later than 5 years
347
----
-------
347
1,472
----
-------
11. Director's Advances, Credits and Guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
A W Onions
4,688
( 312)
4,376
-------
----
----
-------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
A W Onions
294,597
94,945
( 384,854)
4,688
----------
---------
----------
-------
The non-interest bearing loan is repayable on demand.
12. Related Party Transactions
Included within other debtors is a loan of £5,000 (2022 - £5,000) to Mrs R E Onions, a shareholder of the company. Included within debtors due within one year is a loan of £18,778 (2022 - £221,852) to Mytton Mill Developments Limited, an entity 50% owned by Capital Construction Holdings Ltd in which A W Onions is a director. Interest on the loan is charged at 3.5% per annum, the loan is repayable on demand. Included within other creditors due within one year is a loan owed to Capital Construction Holdings Limited, the parent undertaking of £1,621,684 (2022 - £1,540,406).