Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr E W Bodman 13/02/2006 Mrs S Bodman 13/02/2006 Mr W J Davies 13/02/2006 Mr D J Iles 19 November 2024 The principal activity of the company is that of construction and groundwork contracting services. 05706179 2024-04-30 05706179 bus:Director1 2024-04-30 05706179 bus:Director2 2024-04-30 05706179 bus:Director3 2024-04-30 05706179 2023-04-30 05706179 core:CurrentFinancialInstruments 2024-04-30 05706179 core:CurrentFinancialInstruments 2023-04-30 05706179 core:Non-currentFinancialInstruments 2024-04-30 05706179 core:Non-currentFinancialInstruments 2023-04-30 05706179 core:ShareCapital 2024-04-30 05706179 core:ShareCapital 2023-04-30 05706179 core:RetainedEarningsAccumulatedLosses 2024-04-30 05706179 core:RetainedEarningsAccumulatedLosses 2023-04-30 05706179 core:PlantMachinery 2023-04-30 05706179 core:Vehicles 2023-04-30 05706179 core:OfficeEquipment 2023-04-30 05706179 core:PlantMachinery 2024-04-30 05706179 core:Vehicles 2024-04-30 05706179 core:OfficeEquipment 2024-04-30 05706179 2022-04-30 05706179 2023-05-01 2024-04-30 05706179 bus:FilletedAccounts 2023-05-01 2024-04-30 05706179 bus:SmallEntities 2023-05-01 2024-04-30 05706179 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05706179 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05706179 bus:Director1 2023-05-01 2024-04-30 05706179 bus:Director2 2023-05-01 2024-04-30 05706179 bus:Director3 2023-05-01 2024-04-30 05706179 bus:Director4 2023-05-01 2024-04-30 05706179 core:PlantMachinery 2023-05-01 2024-04-30 05706179 core:Vehicles 2023-05-01 2024-04-30 05706179 core:OfficeEquipment 2023-05-01 2024-04-30 05706179 2022-05-01 2023-04-30 05706179 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 05706179 (England and Wales)

E.D. & W. BODMAN LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

E.D. & W. BODMAN LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

E.D. & W. BODMAN LIMITED

BALANCE SHEET

As at 30 April 2024
E.D. & W. BODMAN LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,226,923 1,260,126
1,226,923 1,260,126
Current assets
Stocks 76,650 103,488
Debtors 4 549,573 269,453
Cash at bank and in hand 430 106,766
626,653 479,707
Creditors: amounts falling due within one year 5 ( 724,754) ( 520,571)
Net current liabilities (98,101) (40,864)
Total assets less current liabilities 1,128,822 1,219,262
Creditors: amounts falling due after more than one year 6 ( 49,006) ( 139,038)
Provision for liabilities 7 ( 296,358) ( 303,997)
Net assets 783,458 776,227
Capital and reserves
Called-up share capital 200 200
Profit and loss account 783,258 776,027
Total shareholders' funds 783,458 776,227

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of E.D. & W. Bodman Limited (registered number: 05706179) were approved and authorised for issue by the Board of Directors on 19 November 2024. They were signed on its behalf by:

Mr E W Bodman
Director
Mrs S Bodman
Director
Mr W J Davies
Director
Mr D J Iles
Director
E.D. & W. BODMAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
E.D. & W. BODMAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

E.D. & W. Bodman Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. Although the company has net current liabilities at the year end, the directors have reviewed the position and are confident in meeting the liabilities as they fall due.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 20 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 21 23

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 May 2023 2,143,770 265,082 15,321 2,424,173
Additions 170,860 18,716 984 190,560
At 30 April 2024 2,314,630 283,798 16,305 2,614,733
Accumulated depreciation
At 01 May 2023 992,349 160,657 11,041 1,164,047
Charge for the financial year 198,343 24,627 793 223,763
At 30 April 2024 1,190,692 185,284 11,834 1,387,810
Net book value
At 30 April 2024 1,123,938 98,514 4,471 1,226,923
At 30 April 2023 1,151,421 104,425 4,280 1,260,126

4. Debtors

2024 2023
£ £
Trade debtors 468,311 239,391
Other debtors 81,262 30,062
549,573 269,453

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 86,073 0
Trade creditors 151,617 107,902
Taxation and social security 178,052 30,029
Obligations under finance leases and hire purchase contracts 114,227 111,163
Other creditors 194,785 271,477
724,754 520,571

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 49,006 139,038

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 303,997) ( 263,724)
Credited/(charged) to the Statement of Income and Retained Earnings 7,639 ( 40,273)
At the end of financial year ( 296,358) ( 303,997)