Directors |
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Secretary |
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Company Number |
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Registered Office | Landgate Business Centre |
Wigan Road | |
Ashton In Makerfield | |
Lancashire | |
WN4 0BX | |
Accountants | Sheppards Chartered Accountants |
Suite A, 2nd Floor Kennedy House | |
31 Stamford Street | |
Altrincham | |
Cheshire | |
WA14 1ES | |
Auditors |
|
Chartered Certified Accountants | |
Statutory Auditors | |
8 Eastway, Sale | |
Cheshire | |
M33 4DX | |
Director
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30th September 2024
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Director
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for and on behalf of
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Chartered Certified Accountants
Statutory Auditors
8 Eastway, Sale
Cheshire
M33 4DX
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2023 | 2022 as restated |
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Notes | £ | £ | ||
TURNOVER | 3 |
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Cost of sales |
( |
( |
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GROSS PROFIT |
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Administrative expenses |
( |
( |
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OPERATING PROFIT | 4 |
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Loss on disposal of fixed assets |
( |
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Other interest receivable and similar income | 9 |
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Interest payable and similar charges | 10 |
( |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 11 |
( |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
Prior year adjustment | (79,443) | - | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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2023 | 2022 as restated |
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
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CURRENT ASSETS | |||||
Stocks | 14 |
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Debtors | 15 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 17 |
( |
( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 20 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 21 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 2,917,645 | 2,587,965 | |||
Director
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Share Capital | Profit and Loss Account | Total | |
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£ | £ | £ | |
As at 1 October 2021 |
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1,596,317 |
Profit for the year and total comprehensive income | - |
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1,102,408 |
Dividends paid | - | (110,760) | (110,760) |
As at 30 September 2022 |
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2,587,965 |
As at 1 October 2022 as previously stated |
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2,667,408 |
Prior year adjustment | - |
( |
( |
As at 1 October 2022 as restated |
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2,587,965 |
Profit for the year and total comprehensive income | - |
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462,680 |
Dividends paid | - | (133,000) | (133,000) |
As at 30 September 2023 |
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2,917,645 |
2023 | 2022 as restated |
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
( |
( |
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Tax refunded |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
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Proceeds from disposal of tangible assets |
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Interest received |
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Net cash generated from/(used in) investing activities |
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( |
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Cash flows from financing activities | ||||
Equity dividends paid |
( |
( |
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Proceeds from new bank borrowings |
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Repayment of bank borrowings |
( |
( |
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Repayment of finance leases |
( |
( |
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Amount withdrawn by directors | (142,070) | (198,618) | ||
Net cash used in financing activities |
( |
( |
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(Decrease)/increase in cash and cash equivalents |
( |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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Interest expense |
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Interest income |
( |
( |
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Depreciation of tangible assets |
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Loss on disposal of tangible assets | 162,102 | - | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
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( |
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Increase in trade and other debtors |
( |
( |
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(Decrease)/increase in trade and other creditors |
( |
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Net cash generated from operations |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
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As at 1 October 2022 | Cash flows | New finance leases | As at 30 September 2023 | |
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£ | £ | £ | £ | |
Cash at bank and in hand |
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(349,388) | - |
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Finance leases | (2,624,080) | 1,159,979 | (1,420,171) | (2,884,272) |
Debts falling due within one year |
( |
(665) | - |
( |
Debts falling due after more than one year | (284,463) | 106,400 | - | (178,063) |
(2,132,148) | 916,326 | (1,420,171) | (2,635,993) | |
Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2023 | 2022 as restated |
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£ | £ | ||
Construction | 12,938,822 | 11,305,596 | |
2023 | 2022 as restated |
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£ | £ | ||
Depreciation of tangible fixed assets |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
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2023 | 2022 as restated |
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£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2023 | 2022 | ||
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Office and administration |
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Managerial |
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Site workers |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
Emoluments |
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Company contributions to money purchase pension schemes |
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2023 | 2022 as restated |
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£ | £ | ||
Bank interest receivable |
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Other interest receivable | 4,181 | 1,169 | |
5,687 | 1,179 | ||
2023 | 2022 as restated |
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£ | £ | ||
Bank loans and overdrafts |
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Finance charges payable under finance leases and hire purchase contracts | 187,296 | 138,752 | |
Other finance charges |
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219,874 | 174,976 | ||
The tax charge on the profit for the year was as follows:
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Tax Rate | 2023 | 2022 as restated |
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2023 | 2022 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Deferred Tax | |||||
Deferred taxation |
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Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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2023 | 2022 | ||||
£ | £ | ||||
Profit before tax | 876,236 | 1,419,181 | |||
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Tax losses utilised |
( |
( |
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Capital allowances |
( |
( |
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Short term timing differences |
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Prior period adjustment |
( |
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Total tax charge for the period | 413,556 | 316,773 | |||
In the Budget on 3 March 2021, the UK government announced an increase in the main UK corporation tax rate from 19% to 25% with effect from 1 April 2023. This change in rate was substantively enacted on 24 May 2021. The deferred tax balances reflect the rate that is expected to apply on crystallisation.
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Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 October 2022 |
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Additions |
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Disposals |
( |
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( |
As at 30 September 2023 |
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Depreciation | |||||
As at 1 October 2022 |
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Provided during the period |
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Disposals |
( |
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( |
As at 30 September 2023 |
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Net Book Value | |||||
As at 30 September 2023 |
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As at 1 October 2022 |
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2023 | 2022 as restated |
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£ | £ | ||
Raw materials |
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2023 | 2022 as restated |
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Corporation tax recoverable assets |
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VAT |
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Directors' loan accounts |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Bank loans and overdrafts |
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Other taxes and social security |
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Other creditors |
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Accruals |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Bank loans |
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2023 | 2022 as restated |
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts | 2,883,394 | 2,624,080 | |
Bank loans and overdrafts | 293,975 | 399,710 |
2023 | 2022 as restated |
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£ | £ | ||
Amounts falling due within one year or on demand: | |||
Bank loans |
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2023 | 2022 as restated |
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£ | £ | ||
Amounts falling due between one and five years: | |||
Bank loans |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
The future minimum finance lease payments are as follows: | |||
Not later than one year |
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Later than one year and not later than five years |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
Accelerated capital allowances |
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As at 1 October 2022 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 September 2023 | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Mr. Ivan Rawlins |
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- |
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2023 | 2022 as restated |
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---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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133,000 | 110,760 | ||