Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity910truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04362747 2023-04-01 2024-03-31 04362747 2022-10-01 2023-03-31 04362747 2024-03-31 04362747 2023-03-31 04362747 c:Director1 2023-04-01 2024-03-31 04362747 d:PlantMachinery 2023-04-01 2024-03-31 04362747 d:PlantMachinery 2024-03-31 04362747 d:PlantMachinery 2023-03-31 04362747 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04362747 d:MotorVehicles 2023-04-01 2024-03-31 04362747 d:MotorVehicles 2024-03-31 04362747 d:MotorVehicles 2023-03-31 04362747 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04362747 d:OfficeEquipment 2023-04-01 2024-03-31 04362747 d:OfficeEquipment 2024-03-31 04362747 d:OfficeEquipment 2023-03-31 04362747 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04362747 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04362747 d:CurrentFinancialInstruments 2024-03-31 04362747 d:CurrentFinancialInstruments 2023-03-31 04362747 d:Non-currentFinancialInstruments 2024-03-31 04362747 d:Non-currentFinancialInstruments 2023-03-31 04362747 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04362747 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04362747 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04362747 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04362747 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 04362747 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 04362747 d:ShareCapital 2024-03-31 04362747 d:ShareCapital 2023-03-31 04362747 d:RetainedEarningsAccumulatedLosses 2024-03-31 04362747 d:RetainedEarningsAccumulatedLosses 2023-03-31 04362747 c:FRS102 2023-04-01 2024-03-31 04362747 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04362747 c:FullAccounts 2023-04-01 2024-03-31 04362747 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04362747 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04362747 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04362747 2 2023-04-01 2024-03-31 04362747 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04362747









CAVENDISH CONSTRUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CAVENDISH CONSTRUCTION LIMITED
REGISTERED NUMBER: 04362747

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
527,912
341,914

  
527,912
341,914

Current assets
  

Debtors: amounts falling due within one year
 5 
1,156,633
1,264,027

Cash at bank and in hand
 6 
817,344
657,700

  
1,973,977
1,921,727

Creditors: amounts falling due within one year
 7 
(1,407,102)
(1,437,270)

Net current assets
  
 
 
566,875
 
 
484,457

Total assets less current liabilities
  
1,094,787
826,371

Creditors: amounts falling due after more than one year
 8 
(347,649)
(294,107)

Provisions for liabilities
  

Deferred tax
 10 
(124,866)
(82,995)

  
 
 
(124,866)
 
 
(82,995)

Net assets
  
622,272
449,269


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
622,172
449,169

  
622,272
449,269


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.

Page 1

 
CAVENDISH CONSTRUCTION LIMITED
REGISTERED NUMBER: 04362747
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 income and retained earnings 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: 




................................................
L J E Thirkettle
Director

Date: 13 November 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Cavendish Construction Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Tower House, Latimer Road, Latimer, Chesham, Bucks, HP5 1TU. 
The company's principal activity is that of a construction company.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

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.


Page 4

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.

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
-
15% reducing basis
Motor vehicles
-
25% reducing basis
Office equipment
-
15% reducing basis

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.

 
2.10

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.

 
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.

Page 5

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

  
2.15

Job Retention Scheme

The nature and amount from the Government under the Furlough scheme is recognised in the financial statements. There are no unfulfilled conditions or other contingencies attaching to grants that have been recognised in income, and the company received the subsidy for the Furlough scheme purpose only.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 10).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment & Furniture
Total

£
£
£
£



Cost or valuation


At 1 April 2023
17,118
604,719
18,283
640,120


Additions
1,707
389,358
2,324
393,389


Disposals
-
(101,357)
(2,293)
(103,650)



At 31 March 2024

18,825
892,720
18,314
929,859



Depreciation


At 1 April 2023
13,818
273,589
10,799
298,206


Charge for the year on owned assets
750
168,898
1,378
171,026


Disposals
-
(65,608)
(1,677)
(67,285)



At 31 March 2024

14,568
376,879
10,500
401,947



Net book value



At 31 March 2024
4,257
515,841
7,814
527,912



At 31 March 2023
3,300
331,130
7,484
341,914

Page 6

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,123,751
1,250,564

Amounts owed by group undertakings
100
-

Other debtors
24,483
5,980

Prepayments and accrued income
8,299
7,483

1,156,633
1,264,027



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
817,344
657,700

817,344
657,700



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
65,357
83,813

Trade creditors
560,229
551,874

Corporation tax
180,841
187,491

Other taxation and social security
407,942
465,712

Obligations under finance lease and hire purchase contracts
86,578
80,938

Other creditors
88,155
49,942

Accruals and deferred income
18,000
17,500

1,407,102
1,437,270


Page 7

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
55,379
117,521

Net obligations under finance leases and hire purchase contracts
292,270
176,586

347,649
294,107



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
65,357
83,813


65,357
83,813


Amounts falling due 2-5 years

Other loans
55,380
117,521


55,380
117,521


120,737
201,334


Page 8

 
CAVENDISH CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Deferred taxation




2024


£






At beginning of year
(82,995)


Charged to profit or loss
(41,871)



At end of year
(124,866)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(124,866)
(82,995)

(124,866)
(82,995)


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 £474,178 (2023: £402,867). Contributions totalling £1,141 (2023: £1,124) were payable to the fund at the balance sheet date.


12.


Controlling party

On the 31st July 2023, Cavendish Group (London) Limited acquired 100% shareholding of Cavendish Construction Ltd.
 
Page 9