Concrete Pumping Wales Ltd 11350163 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Concrete Pumping Digita Accounts Production Advanced 6.30.9574.0 true true 11350163 2023-07-01 2024-06-30 11350163 2024-06-30 11350163 bus:OrdinaryShareClass1 2024-06-30 11350163 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-06-30 11350163 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-06-30 11350163 core:CurrentFinancialInstruments 2024-06-30 11350163 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 11350163 core:Non-currentFinancialInstruments 2024-06-30 11350163 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 11350163 core:MotorVehicles 2024-06-30 11350163 core:PlantMachinery 2024-06-30 11350163 bus:SmallEntities 2023-07-01 2024-06-30 11350163 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11350163 bus:FilletedAccounts 2023-07-01 2024-06-30 11350163 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11350163 bus:RegisteredOffice 2023-07-01 2024-06-30 11350163 bus:Director1 2023-07-01 2024-06-30 11350163 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11350163 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11350163 core:MotorVehicles 2023-07-01 2024-06-30 11350163 core:PlantMachinery 2023-07-01 2024-06-30 11350163 countries:AllCountries 2023-07-01 2024-06-30 11350163 2023-06-30 11350163 core:MotorVehicles 2023-06-30 11350163 core:PlantMachinery 2023-06-30 11350163 2022-07-01 2023-06-30 11350163 2023-06-30 11350163 bus:OrdinaryShareClass1 2023-06-30 11350163 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-06-30 11350163 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-06-30 11350163 core:CurrentFinancialInstruments 2023-06-30 11350163 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11350163 core:Non-currentFinancialInstruments 2023-06-30 11350163 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 11350163 core:MotorVehicles 2023-06-30 11350163 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Filleted
Registration number: 11350163

Concrete Pumping Wales Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Concrete Pumping Wales Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Concrete Pumping Wales Ltd

Company Information

Director

Mr Craig Sullivan

Registered office

8 Clos Bryn Haul
Llwynhendy
Llanelli
SA14 9DZ

Accountants

LHP Cross Hands
Chartered Certified Accountants
Suite 3 & 6
Block B
Llys y Barcud
Cross Hands
SA14 6RX

 

Concrete Pumping Wales Ltd

(Registration number: 11350163)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

224,779

341,617

Current assets

 

Debtors

5

73,145

105,575

Creditors: Amounts falling due within one year

6

(86,357)

(128,355)

Net current liabilities

 

(13,212)

(22,780)

Total assets less current liabilities

 

211,567

318,837

Creditors: Amounts falling due after more than one year

6

(240,197)

(310,032)

Net (liabilities)/assets

 

(28,630)

8,805

Capital and reserves

 

Called up share capital

7

400

100

Retained earnings

(29,030)

8,705

Shareholders' (deficit)/funds

 

(28,630)

8,805

For the financial year ending 30 June 2024 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2024
 

.........................................
Mr Craig Sullivan
Director

   
     
 

Concrete Pumping Wales Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
8 Clos Bryn Haul
Llwynhendy
Llanelli
SA14 9DZ

These financial statements were authorised for issue by the director on 30 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

Concrete Pumping Wales Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% Reducing Balance

Plant & Machinery

20% Reducing Balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Concrete Pumping Wales Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 4).

 

Concrete Pumping Wales Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

395,900

40,600

436,500

Additions

4,400

-

4,400

Disposals

(80,000)

-

(80,000)

At 30 June 2024

320,300

40,600

360,900

Depreciation

At 1 July 2023

78,137

16,746

94,883

Charge for the year

51,424

4,771

56,195

Eliminated on disposal

(14,957)

-

(14,957)

At 30 June 2024

114,604

21,517

136,121

Carrying amount

At 30 June 2024

205,696

19,083

224,779

At 30 June 2023

317,763

23,854

341,617

5

Debtors

Current

2024
£

2023
£

Trade debtors

27,417

36,846

Other debtors

45,728

68,729

 

73,145

105,575

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

77,154

117,267

Trade creditors

 

555

1,025

Taxation and social security

 

5,230

7,069

Other related parties

 

-

832

Outstanding defined contribution pension costs

 

159

208

Other creditors

 

3,259

1,954

 

86,357

128,355

 

Concrete Pumping Wales Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

240,197

310,032

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share Capital of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

23,350

24,025

Hire purchase contracts

216,847

286,007

240,197

310,032

Current loans and borrowings

2024
£

2023
£

Bank borrowings

24,145

648

Bank overdrafts

15,158

6,022

Hire purchase contracts

37,851

110,597

77,154

117,267