Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-302022-10-01falseConstruction of domestic buildings.69falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01121408 2022-10-01 2023-09-30 01121408 2021-10-01 2022-09-30 01121408 2023-09-30 01121408 2022-09-30 01121408 c:Director2 2022-10-01 2023-09-30 01121408 d:PlantMachinery 2022-10-01 2023-09-30 01121408 d:PlantMachinery 2023-09-30 01121408 d:PlantMachinery 2022-09-30 01121408 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01121408 d:FurnitureFittings 2022-10-01 2023-09-30 01121408 d:FurnitureFittings 2023-09-30 01121408 d:FurnitureFittings 2022-09-30 01121408 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01121408 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01121408 d:CurrentFinancialInstruments 2023-09-30 01121408 d:CurrentFinancialInstruments 2022-09-30 01121408 d:Non-currentFinancialInstruments 2023-09-30 01121408 d:Non-currentFinancialInstruments 2022-09-30 01121408 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01121408 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 01121408 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 01121408 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 01121408 d:ShareCapital 2023-09-30 01121408 d:ShareCapital 2022-09-30 01121408 d:RetainedEarningsAccumulatedLosses 2023-09-30 01121408 d:RetainedEarningsAccumulatedLosses 2022-09-30 01121408 c:FRS102 2022-10-01 2023-09-30 01121408 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 01121408 c:FullAccounts 2022-10-01 2023-09-30 01121408 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 01121408 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 01121408 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 01121408 2 2022-10-01 2023-09-30 01121408 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 01121408









EDENWAY CONTRACTORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
EDENWAY CONTRACTORS LIMITED
REGISTERED NUMBER: 01121408

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,714
10,568

  
11,714
10,568

Current assets
  

Stocks
 5 
31,246
31,246

Debtors: amounts falling due within one year
 6 
1,266,661
1,528,926

Cash at bank and in hand
 7 
677,444
707,088

  
1,975,351
2,267,260

Creditors: amounts falling due within one year
 8 
(914,673)
(1,234,856)

Net current assets
  
 
 
1,060,678
 
 
1,032,404

Total assets less current liabilities
  
1,072,392
1,042,972

Creditors: amounts falling due after more than one year
 9 
(17,500)
(27,500)

Provisions for liabilities
  

Deferred tax
 10 
(2,691)
(1,788)

  
 
 
(2,691)
 
 
(1,788)

Net assets
  
1,052,201
1,013,684


Capital and reserves
  

Called up share capital 
  
20,000
20,000

Profit and loss account
  
1,032,201
993,684

  
1,052,201
1,013,684


Page 1

 
EDENWAY CONTRACTORS LIMITED
REGISTERED NUMBER: 01121408
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

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 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.

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 statement of comprehensive income 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 by: 




M J Liston
Director

Date: 20 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EDENWAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Edenway Contractors Limited is a company incorporated in England and Wales.
The principal activity of the company during the year was that of construction of domestic buildings.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
EDENWAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.8

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.

Page 4

 
EDENWAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Plant and machinery
-
25%
reducing balance
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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

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.

Page 5

 
EDENWAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 9).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 October 2022
188,495
112,286
300,781


Additions
2,806
2,244
5,050



At 30 September 2023

191,301
114,530
305,831



Depreciation


At 1 October 2022
181,209
109,004
290,213


Charge for the year on owned assets
2,523
1,381
3,904



At 30 September 2023

183,732
110,385
294,117



Net book value



At 30 September 2023
7,569
4,145
11,714



At 30 September 2022
7,286
3,282
10,568

Page 6

 
EDENWAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
31,246
31,246

31,246
31,246



6.


Debtors

2023
2022
£
£


Trade debtors
1,159,078
1,352,642

Other debtors
92,300
153,621

Prepayments and accrued income
15,283
22,663

1,266,661
1,528,926



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
677,444
707,088

677,444
707,088



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
818,737
1,189,785

Corporation tax
11,144
5,995

Other creditors
4,187
-

Accruals and deferred income
70,605
29,076

914,673
1,234,856


Page 7

 
EDENWAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,500
27,500

17,500
27,500



10.


Deferred taxation




2023


£






At beginning of year
(1,788)


Charged to profit or loss
(903)



At end of year
(2,691)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(2,691)
(1,788)

(2,691)
(1,788)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £403 (2022: £613). Contributions totalling £1,596 (2022: £1,427) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

During the year the company paid plant hire and haulage to the value of £638,041 (2022: £645,183) to companies under common control. At the balance sheet date the company was owed by these companies £139,842 (2022: £80,150).

 
Page 8