Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetruetrue62023-04-01falseNo description of principal activity6The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08877685 2023-04-01 2024-03-31 08877685 2022-04-01 2023-03-31 08877685 2024-03-31 08877685 2023-03-31 08877685 2022-04-01 08877685 c:Director1 2023-04-01 2024-03-31 08877685 d:PlantMachinery 2023-04-01 2024-03-31 08877685 d:PlantMachinery 2024-03-31 08877685 d:PlantMachinery 2023-03-31 08877685 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08877685 d:MotorVehicles 2023-04-01 2024-03-31 08877685 d:MotorVehicles 2024-03-31 08877685 d:MotorVehicles 2023-03-31 08877685 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08877685 d:OfficeEquipment 2023-04-01 2024-03-31 08877685 d:OfficeEquipment 2024-03-31 08877685 d:OfficeEquipment 2023-03-31 08877685 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08877685 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08877685 d:Goodwill 2024-03-31 08877685 d:Goodwill 2023-03-31 08877685 d:CurrentFinancialInstruments 2024-03-31 08877685 d:CurrentFinancialInstruments 2023-03-31 08877685 d:Non-currentFinancialInstruments 2024-03-31 08877685 d:Non-currentFinancialInstruments 2023-03-31 08877685 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08877685 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08877685 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08877685 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08877685 d:ShareCapital 2023-04-01 2024-03-31 08877685 d:ShareCapital 2024-03-31 08877685 d:ShareCapital 2022-04-01 2023-03-31 08877685 d:ShareCapital 2023-03-31 08877685 d:ShareCapital 2022-04-01 08877685 d:CapitalRedemptionReserve 2023-04-01 2024-03-31 08877685 d:CapitalRedemptionReserve 2024-03-31 08877685 d:CapitalRedemptionReserve 2023-03-31 08877685 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 08877685 d:RetainedEarningsAccumulatedLosses 2024-03-31 08877685 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 08877685 d:RetainedEarningsAccumulatedLosses 2023-03-31 08877685 d:RetainedEarningsAccumulatedLosses 2022-04-01 08877685 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08877685 c:OrdinaryShareClass1 2024-03-31 08877685 c:OrdinaryShareClass1 2023-03-31 08877685 c:FRS102 2023-04-01 2024-03-31 08877685 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08877685 c:FullAccounts 2023-04-01 2024-03-31 08877685 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08877685 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 08877685 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 08877685 d:RetirementBenefitObligationsDeferredTax 2024-03-31 08877685 d:RetirementBenefitObligationsDeferredTax 2023-03-31 08877685 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08877685










CLEEVE CONSTRUCTION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CLEEVE CONSTRUCTION LIMITED
REGISTERED NUMBER: 08877685

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
29,276
41,547

Current assets
  

Stocks
  
108,703
85,143

Debtors: amounts falling due within one year
 6 
36,069
92,623

Cash at bank and in hand
  
127,879
159,268

  
272,651
337,034

Creditors: amounts falling due within one year
 7 
(144,764)
(169,850)

Net current assets
  
 
 
127,887
 
 
167,184

Total assets less current liabilities
  
157,163
208,731

Creditors: amounts falling due after more than one year
 8 
(9,753)
(15,666)

Provisions for liabilities
  

Deferred tax
 9 
(6,850)
(10,407)

Net assets
  
140,560
182,658


Capital and reserves
  

Called up share capital 
  
200
300

Capital redemption reserve
  
100
-

Profit and loss account
  
140,260
182,358

  
140,560
182,658


Page 1

 
CLEEVE CONSTRUCTION LIMITED
REGISTERED NUMBER: 08877685
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 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: 




K M Cleeve
Director

Date: 26 November 2024

The notes on pages 5 to 12 form part of these financial statements.

Page 2

 
CLEEVE CONSTRUCTION LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2023
300
-
182,358
182,658


Comprehensive income for the year

Profit for the year

-
-
140,620
140,620


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
140,620
140,620


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(101,200)
(101,200)

Purchase of own shares
-
100
(81,518)
(81,418)

Purchase of own shares
(100)
-
-
(100)


Total transactions with owners
(100)
100
(182,718)
(182,718)


At 31 March 2024
200
100
140,260
140,560


The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
CLEEVE CONSTRUCTION LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
300
102,549
102,849


Comprehensive income for the year

Profit for the year

-
234,009
234,009


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
234,009
234,009


Contributions by and distributions to owners

Dividends: Equity capital
-
(154,200)
(154,200)


Total transactions with owners
-
(154,200)
(154,200)


At 31 March 2023
300
182,358
182,658


The notes on pages 5 to 12 form part of these financial statements.

Page 4

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

1.


General information

Cleeve Construction Limited, (08877685), is a private company limited by shares. It is incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 

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.

 
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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

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 5

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

2.Accounting policies (continued)


2.4
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
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
20% 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.

 
2.5

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.6

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.

 
2.7

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.
 
2.8

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.

 
2.9

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.

Page 6

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

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

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 7

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

2.Accounting policies (continued)

 
2.13

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 reporting 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 reporting 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 reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 8

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

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
55,902



At 31 March 2024

55,902



Amortisation


At 1 April 2023
55,902



At 31 March 2024

55,902



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 9

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

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
34,523
70,675
1,336
106,534


Disposals
-
(13,733)
-
(13,733)



At 31 March 2024

34,523
56,942
1,336
92,801



Depreciation


At 1 April 2023
22,528
41,675
784
64,987


Charge for the year on owned assets
2,399
6,412
111
8,922


Disposals
-
(10,384)
-
(10,384)



At 31 March 2024

24,927
37,703
895
63,525



Net book value



At 31 March 2024
9,596
19,239
441
29,276



At 31 March 2023
11,996
28,999
552
41,547


6.


Debtors

2024
2023
£
£


Trade debtors
20,739
89,246

Other debtors
13,933
1,898

Prepayments and accrued income
1,397
1,479

36,069
92,623


Page 10

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,549
5,549

Trade creditors
44,883
62,713

Corporation tax
48,937
57,746

Other taxation and social security
36,726
31,574

Other creditors
6,669
10,268

Accruals and deferred income
2,000
2,000

144,764
169,850



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,753
15,666



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(10,406)
(13,837)


Charged to profit or loss
3,556
3,431



At end of year
(6,850)
(10,406)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(7,319)
(10,387)

Short term timing differences
469
(19)

(6,850)
(10,406)

Page 11

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

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 300) Ordinary shares of £1 each
200
300

During the year, 100 ordinary share of £1 each were purchased and cancelled by the company.



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 £21,859 (2023 - £23,865). Contributions totalling £1,734 (2023 - £1,875) were payable to the fund at the reporting date and are included in creditors.

 
Page 12