BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is construction in both the public and private sector. 6 August 2024 14 15 NI655462 2023-12-31 NI655462 2022-12-31 NI655462 2021-12-31 NI655462 2023-01-01 2023-12-31 NI655462 2022-01-01 2022-12-31 NI655462 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI655462 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI655462 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI655462 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 NI655462 uk-core:ShareCapital 2023-12-31 NI655462 uk-core:ShareCapital 2022-12-31 NI655462 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI655462 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI655462 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI655462 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI655462 uk-bus:FRS102 2023-01-01 2023-12-31 NI655462 uk-core:PlantMachinery 2023-01-01 2023-12-31 NI655462 uk-core:MotorVehicles 2023-01-01 2023-12-31 NI655462 2023-01-01 2023-12-31 NI655462 uk-bus:Director3 2023-01-01 2023-12-31 NI655462 uk-bus:Director4 2023-01-01 2023-12-31 NI655462 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
William Rogers Construction Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023



William Rogers Construction Ltd
Company Registration Number: NI655462
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 471,891 472,812
───────── ─────────
 
Current Assets
Stocks 150,000 440,000
Debtors 909,079 275,833
Cash and cash equivalents 5,391,625 2,991,630
───────── ─────────
6,450,704 3,707,463
───────── ─────────
Creditors: amounts falling due within one year (2,036,168) (1,012,661)
───────── ─────────
Net Current Assets 4,414,536 2,694,802
───────── ─────────
Total Assets less Current Liabilities 4,886,427 3,167,614
 
Creditors:
amounts falling due after more than one year (15,692) (26,585)
 
Provisions for liabilities (67,448) (64,469)
───────── ─────────
Net Assets 4,803,287 3,076,560
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 4,803,187 3,076,460
───────── ─────────
Shareholders' Funds 4,803,287 3,076,560
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 6 August 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Damien Rogers     Enda Rogers
Director     Director
           



William Rogers Construction Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
William Rogers Construction Ltd is a private company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI655462. The registered office of the company is 237a Kilkeel Road, Annalong, Newry, Co Down, BT31 4TW, Northern Ireland which is also the principal place of business of the company

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The financial statements are for the year ended 31 December 2023 for the individual entity William Rogers Construction Ltd.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable. When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling. Work in Progress is stated at cost which comprises all attributable expenses in bringing the project to its present stage of completion.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Balance Sheet bank overdrafts are shown within Creditors.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period in which they relate.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was as follows:
 
  2023 2022
  Number Number
 
Employees 14 15
  ═════════ ═════════
         
4. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 January 2023 670,079 121,322 791,401
Additions 113,405 27,500 140,905
  ───────── ───────── ─────────
At 31 December 2023 783,484 148,822 932,306
  ───────── ───────── ─────────
Depreciation
At 1 January 2023 253,448 65,141 318,589
Charge for the financial year 110,923 30,903 141,826
  ───────── ───────── ─────────
At 31 December 2023 364,371 96,044 460,415
  ───────── ───────── ─────────
Net book value
At 31 December 2023 419,113 52,778 471,891
  ═════════ ═════════ ═════════
At 31 December 2022 416,631 56,181 472,812
  ═════════ ═════════ ═════════
       
5. Directors' Advances
 
During the financial year ended 31 December 2023, the company made a loan advance to the directors of £37,875. This amount was outstanding at the year end date. The directors have given assurances that this will be repaid within 9 months of the year end.