71 01/05/2023 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP NI050076 2023-05-01 2024-04-30 NI050076 2024-04-30 NI050076 2023-04-30 NI050076 2022-05-01 2023-04-30 NI050076 2023-04-30 NI050076 2022-04-30 NI050076 core:LandBuildings 2023-05-01 2024-04-30 NI050076 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI050076 core:OnerousContractsExcludingVacantProperties 2023-05-01 2024-04-30 NI050076 bus:RegisteredOffice 2023-05-01 2024-04-30 NI050076 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 NI050076 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 NI050076 bus:Agent1 2023-05-01 2024-04-30 NI050076 bus:Director1 2023-05-01 2024-04-30 NI050076 bus:Director2 2023-05-01 2024-04-30 NI050076 bus:Director3 2023-05-01 2024-04-30 NI050076 bus:Director4 2023-05-01 2024-04-30 NI050076 bus:CompanySecretary1 2023-05-01 2024-04-30 NI050076 core:LandBuildings 2023-04-30 NI050076 core:FurnitureFittingsToolsEquipment 2023-04-30 NI050076 core:LandBuildings 2024-04-30 NI050076 core:FurnitureFittingsToolsEquipment 2024-04-30 NI050076 core:WithinOneYear 2024-04-30 NI050076 core:WithinOneYear 2023-04-30 NI050076 core:ShareCapital 2024-04-30 NI050076 core:ShareCapital 2023-04-30 NI050076 core:RetainedEarningsAccumulatedLosses 2024-04-30 NI050076 core:RetainedEarningsAccumulatedLosses 2023-04-30 NI050076 bus:OrdinaryShareClass1 core:ShareCapital 2024-04-30 NI050076 bus:OrdinaryShareClass1 core:ShareCapital 2023-04-30 NI050076 core:LandBuildings 2023-04-30 NI050076 core:FurnitureFittingsToolsEquipment 2023-04-30 NI050076 bus:SmallEntities 2023-05-01 2024-04-30 NI050076 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI050076 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI050076 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI050076 bus:FullAccounts 2023-05-01 2024-04-30 NI050076 core:OtherRelatedParties 2023-05-01 2024-04-30 NI050076 core:OtherRelatedParties 2022-05-01 2023-04-30 NI050076 core:OfficeEquipment 2023-04-30 NI050076 core:OfficeEquipment 2023-05-01 2024-04-30 NI050076 core:OfficeEquipment 2024-04-30 NI050076 core:OtherRelatedParties 2024-04-30 NI050076 core:OtherRelatedParties 2023-04-30
Company registration number: NI050076
Caldwell Consulting Engineers Limited
Unaudited filleted financial statements
30 April 2024
Caldwell Consulting Engineers Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Caldwell Consulting Engineers Limited
Directors and other information
Directors J Watson
M Taylor
M Burns
A Geddis
Secretary M Taylor
Company number NI050076
Registered office Unit 6 Forest Grove Business Park
Newtownbreda Road
Belfast
BT8 6AW
Accountants Hill Vellacott
22 Great Victoria Street
Belfast
BT2 7BA
Bankers Danske Bank
PO Box 183
Donegal Square West
Belfast
BT1 6JS
AIB Bank
11-15 Donegal SQ North
Belfast
BT1 5GB
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Caldwell Consulting Engineers Limited
Year ended 30 April 2024
In accordance with the engagement letter dated 6 September 2024, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 30 April 2024 which comprise the statement of financial position and related notes from the company's accounting records and information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements detailed at www.charteredaccountants.ie/Professional-Standards/Home.
This report is made solely to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this 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 Board of Directors, as a body, for our work, or for this report.
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland.
You have acknowledged on the balance sheet for the year ended 30 April 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Hill Vellacott 1 November 2024
Chartered Accountants
22 Great Victoria Street
Belfast
BT2 7BA
Caldwell Consulting Engineers Limited
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 142,581 148,865
_______ _______
142,581 148,865
Current assets
Debtors 6 1,853,244 1,308,949
Cash at bank and in hand 688,914 406,280
_______ _______
2,542,158 1,715,229
Creditors: amounts falling due
within one year 7 ( 927,821) ( 647,097)
_______ _______
Net current assets 1,614,337 1,068,132
_______ _______
Total assets less current liabilities 1,756,918 1,216,997
Provisions for liabilities ( 25,242) ( 29,918)
_______ _______
Net assets 1,731,676 1,187,079
_______ _______
Capital and reserves
Called up share capital 8 22 22
Profit and loss account 9 1,731,654 1,187,057
_______ _______
Shareholders funds 1,731,676 1,187,079
_______ _______
For the 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 November 2024 , and are signed on behalf of the board by:
J Watson
Director
Company registration number: NI050076
Caldwell Consulting Engineers Limited
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit 6 Forest Grove Business Park, Newtownbreda Road, Belfast, BT8 6AW.
The principal activities of the company are that of providing engineering consultancy and related professional services.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Judgements and key sources of estimation uncertainty
Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the directors opinion there are no accounting policies which require material estimations or uncertainties included within the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold and leasehold properties - 10 % straight line
Fittings fixtures and equipment - 10 % straight line
Office Equipment - 10 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 71 (2023: 63 ).
5. Tangible assets
Freehold and leasehold properties Fixtures, fittings and equipment Tangible assets - user defined Total
£ £ £ £
Cost
At 1 May 2023 43,461 287,574 72,121 403,156
Additions - 2,480 24,462 26,942
_______ _______ _______ _______
At 30 April 2024 43,461 290,054 96,583 430,098
_______ _______ _______ _______
Depreciation
At 1 May 2023 11,326 219,520 23,445 254,291
Charge for the year 4,346 10,916 17,964 33,226
_______ _______ _______ _______
At 30 April 2024 15,672 230,436 41,409 287,517
_______ _______ _______ _______
Carrying amount
At 30 April 2024 27,789 59,618 55,174 142,581
_______ _______ _______ _______
At 30 April 2023 32,135 68,054 48,676 148,865
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 1,155,115 804,553
Amounts owed by group undertakings and undertakings in which the company has a participating interest 236,595 196,109
Other debtors 461,534 308,287
_______ _______
1,853,244 1,308,949
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 58,614 70,820
Amounts owed to group undertakings and undertakings in which the company has a participating interest 104,646 186,724
Corporation tax 329,070 -
Social security and other taxes 391,347 335,054
Other creditors 44,144 54,499
_______ _______
927,821 647,097
_______ _______
8. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 0.01 each 2,200 22 2,200 22
_______ _______ _______ _______
9. Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses .
10. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2024 2023 2024 2023
£ £ £ £
Caldwell Consulting Group Ltd 53,304 7,727 189,517 136,213
Building Performance Prediction Ltd ( 11,036) ( 12,170) 48,665 59,701
Caldwell Consulting North West Limited 78,764 64,852 ( 44,641) ( 123,405)
CCM Commissioning Specialists Ltd (4,917) 4,974 (12,664) (7,747)
Light 360 Ltd (22,689) (5,795) (34,667) (11,978)
Vercon Engineering Limited 29,140 (13,582) (14,454) (43,594)
Caldwell Consulting Limited (ROI) - - 195 195
_______ _______ _______ _______
11. Controlling party
Caldwell Consulting Group Ltd, a company established in Northern Ireland, holds 100% of the equity share capital in Caldwell Consulting Engineers Limited , and is the immediate parent and the ultimate controlling party.