Registered number
14657238
Consulting Engineers Group UK Ltd
Report and Financial Statements
31 March 2024
Consulting Engineers Group UK Ltd
Report and accounts
Contents
Page
Company information 1
Strategic report 2
Directors' report 3
Statement of directors' responsibilities 4
Independent auditor's report 5
Income statement 8
Statement of comprehensive income 9
Statement of financial position 10
Statement of changes in equity 11
Statement of cash flows 12
Notes to the financial statements 13
Consulting Engineers Group UK Ltd
Company Information
Directors
Harshita Jain
Veenu Jain
Vishwas Jain
Dr Bernard Nwadi Obika
Auditors
Taylors
Rosedean House
4 Argyle Road
Barnet
EN5 4DX
Registered office
2 Meridian Cross
Ocean Way
Ocean Village
Southampton
SO14 3TJ
Registered number
14657238
Consulting Engineers Group UK Ltd
Strategic Report
Review of the Business
Consulting Engineers Group UK Ltd ("the CEG UK"), its parent company Consulting Engineers Group Ltd India and group companies ("CEG Group”) are a leading international infrastructure engineering consulting organization that delivers design, planning, engineering, consulting and construction management solutions for Highways, Bridges, Railways, Metros, Tunnels, Airports, Buildings and water resources. They also provide services & solutions for Urban Development, Capacity Building, Environmental Engineering & Social issues and undertake construction material testing and Geotechnical Investigations. Started in 1984 and headquartered in India, CEG has spread its reach in multiple countries across Europe, Middle east and Africa.

The total revenue for the year ended 31st March 2024 for CEG UK is £252,811 and the profit for the year ended 31st March 2024 is £12,220. The board considers the results for the period are in line with the estimates given that this is the first year of the business operation in UK.

CEG UK has got the new contracts in South Korea and Africa which started in 2024-25.
Key performance indicators 
The Company compiles and assesses its key financial and non-financial performance indicators (KPI's) that assist in evaluating the performance of the Company. Considered together, the KPI's provide a comprehensive view of the underlying performance of the Company.

The financial KPI's include revenue growth, margins, operating expenses and profit before tax.
Principal risks and uncertainties 
The company provides Engineering Consultancy Services on infra projects undertaken by governments and private parties where the principal is the government. This mitigates recovery risk but increases the risk of delayed payment.
Credit risk 
Credit risk is the potential for loss caused by a debtor failing to meet their obligations as they become due. The limited risk for company is managed by regular monitoring and reviewing the limits of the debtors before and after the actual sales are carried out.
Liquidity risk 
Liquidity risk is the risk that net cash flow is insufficient to meet the funding demands of the business on an ongoing basis. Net cash flow is adequate to meet the funding requirements and the company is well capitalised to meet the future funding requirements.

There is no requirement for term or working capital loan.
Future developments 
The Company forecasts increased levels of business activity in the forthcoming years.
This report was approved by the board on 27 September 2024 and signed on its behalf.
Dr B N Obika
Director
Consulting Engineers Group UK Ltd
Registered number: 14657238
Directors' Report
The directors present their report and financial statements for the period ended 31 March 2024.
Principal activities
The company's principal activity during the financial period was that of consulting engineers.
Directors
The following persons served as directors during the period:
Harshita Jain
Veenu Jain
Vishwas Jain
Dr Bernard Nwadi Obika
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board on 27 September 2024 and signed on its behalf.
Dr B N Obika
Director
Consulting Engineers Group UK Ltd
Statement of Directors' Responsibilities
The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Consulting Engineers Group UK Ltd
Independent auditor's report
to the members of Consulting Engineers Group UK Ltd
Opinion
We have audited the financial statements of Consulting Engineers Group UK Ltd (the 'company') for the period ended 31 March 2024 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the strategic report and the directors’ report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
In planning and designing our audit tests we identify and assess the risks of material misstatement within the financial statements, whether due to fraud or error. Our assessment of these risks includes consideration of the nature of the industry and sector, the control environment and the business performance along with the results of our enquiries of management about their own identification and assessment of risks and irregularities. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in; focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK tax legislation and other laws and regulations identified as risk areas identified from our discussions with management.

We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
After consideration of the above risks we then carried out audit procedures including the following:
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
reading minutes of management meetings;
reviewing correspondence with H M Revenue & Customs;
enquiring of management and reviewing any correspondence with legal advisors concerning actual and potential litigation and claims;
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
There are inherent limitations in our audit procedures described above. The more removed that the laws and regulations are from financial transactions the less likely it is that we would be aware on non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Rajesh Gulabivala
(Senior Statutory Auditor) Rosedean House
for and on behalf of 4 Argyle Road
Taylors
Statutory Auditor Barnet
27 September 2024 EN5 4DX
Consulting Engineers Group UK Ltd
Income Statement
for the period from 13 February 2023 to 31 March 2024
Notes 2024
£
Turnover 3 252,811
Cost of sales (68,001)
Gross profit 184,810
Administrative expenses (172,590)
Operating profit 4 12,220
Profit on ordinary activities before taxation 12,220
Tax on profit on ordinary activities 7 -
Profit for the period 12,220
Consulting Engineers Group UK Ltd
Statement of Comprehensive Income
for the period from 13 February 2023 to 31 March 2024
Notes 2024
£
Profit for the period 12,220
Other comprehensive income -
Total comprehensive income for the period 12,220
Consulting Engineers Group UK Ltd
Statement of Financial Position
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 8 16,797
Current assets
Debtors 9 58,228
Cash at bank and in hand 50,209
108,437
Creditors: amounts falling due within one year 10 (63,014)
Net current assets 45,423
Net assets 62,220
Capital and reserves
Called up share capital 11 50,000
Profit and loss account 12 12,220
Total equity 62,220
Dr B N Obika
Director
Approved by the board on 27 September 2024
Consulting Engineers Group UK Ltd
Statement of Changes in Equity
for the period from 13 February 2023 to 31 March 2024
Share Profit Total
capital and loss
account
£ £ £
At 13 February 2023 - - -
Profit for the period - 12,220 12,220
Shares issued 50,000 - 50,000
At 31 March 2024 50,000 12,220 62,220
Consulting Engineers Group UK Ltd
Statement of Cash Flows
for the period from 13 February 2023 to 31 March 2024
Notes 2024
£
Operating activities
Profit for the period 12,220
Adjustments for:
Depreciation 759
Increase in debtors (58,228)
Increase in creditors 63,014
17,765
Cash generated by operating activities 17,765
Investing activities
Payments to acquire tangible fixed assets (17,556)
Cash used in investing activities (17,556)
Financing activities
Proceeds from the issue of shares 50,000
Cash generated by financing activities 50,000
Net cash generated
Cash generated by operating activities 17,765
Cash used in investing activities (17,556)
Cash generated by financing activities 50,000
Net cash generated 50,209
Cash and cash equivalents at 13 February -
Cash and cash equivalents at 31 March 50,209
Cash and cash equivalents comprise:
Cash at bank 50,209
Consulting Engineers Group UK Ltd
Notes to the Accounts
for the period from 13 February 2023 to 31 March 2024
1 Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Going Concern
The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making the assessment.

Based on these assessments the directors have concluded that there is no material uncertainty and that the company can continue to adopt the going concern basis in preparing the annual report and accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures and fittings over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Critical accounting estimates and judgements
In the application of the company's accounting policies, the directors are required to make judgements estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant.

Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an on going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Analysis of turnover 2024
£
Services rendered 252,811
By geographical market:
UK 9,393
Rest of world 243,418
252,811
4 Operating profit 2024
£
This is stated after charging:
Depreciation of owned fixed assets 759
Auditors' remuneration for audit services 4,800
5 Directors' emoluments 2024
£
Emoluments 98,564
Highest paid director:
Emoluments 98,564
Company contributions to defined contribution pension plans 771
99,335
6 Staff costs 2024
£
Wages and salaries 121,942
Social security costs 9,494
Other pension costs 6,624
138,060
Average number of employees during the year Number
Administration 1
Marketing 1
Sales 1
3
7 Taxation 2024
£
Analysis of charge in period
Tax on profit on ordinary activities -
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2024
£
Profit on ordinary activities before tax 12,220
Standard rate of corporation tax in the UK 19%
£
Profit on ordinary activities multiplied by the standard rate of corporation tax 2,322
Effects of:
Expenses not deductible for tax purposes 144
Capital allowances for period in excess of depreciation (2,466)
Current tax charge for period -
8 Tangible fixed assets
Plant and machinery Fixtures and fittings Total
At cost At cost
£ £ £
Cost or valuation
Additions 2,680 14,876 17,556
At 31 March 2024 2,680 14,876 17,556
Depreciation
Charge for the period 73 686 759
At 31 March 2024 73 686 759
Carrying amount
At 31 March 2024 2,607 14,190 16,797
9 Debtors 2024
£
Amounts owed by group undertakings 39,525
Other debtors 5,734
Prepayments and accrued income 12,969
58,228
10 Creditors: amounts falling due within one year 2024
£
Trade creditors 25,306
Other taxes and social security costs 20,912
Other creditors 9,821
Accruals and deferred income 6,975
63,014
11 Share capital Nominal 2024 2024
value Number £
Allotted, called up and fully paid:
Ordinary shares £1 each 50,000 50,000
12 Profit and loss account 2024
£
At 13 February -
Profit for the period 12,220
At 31 March 12,220
13 Related party transactions
During the year the company received income of £230,625 from the parent company, Consulting Engineers Group Ltd (India), and the balance on the debtors ledger at the year end, attributable to the parent company was £39,525.
14 Controlling party
The Controlling party is Consulting Engineers Group Limited, registered in India.
15 Presentation currency
The financial statements are presented in Sterling, and rounded up to the nearest pound.
16 Legal form of entity and country of incorporation
Consulting Engineers Group UK Ltd is a private company limited by shares and incorporated in England.
17 Principal place of business
The address of the company's principal place of business and registered office is:
2 Meridian Cross
Ocean Way
Ocean Village
Southampton
SO14 3TJ
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