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COMPANY REGISTRATION NUMBER: 03348251
Civil Structure & Management Limited
Filleted Unaudited Financial Statements
30 April 2024
Civil Structure & Management Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
4,840,497
4,000,662
Investments
5
300
100
------------
------------
4,840,797
4,000,762
Current assets
Debtors
6
444,452
380,723
Cash at bank and in hand
53,681
201,701
---------
---------
498,133
582,424
Creditors: amounts falling due within one year
7
67,970
68,146
---------
---------
Net current assets
430,163
514,278
------------
------------
Total assets less current liabilities
5,270,960
4,515,040
Creditors: amounts falling due after more than one year
8
2,085,000
1,752,500
Provisions
Taxation including deferred tax
642,209
537,154
------------
------------
Net assets
2,543,751
2,225,386
------------
------------
Capital and reserves
Called up share capital
9
1,200
1,000
Profit and loss account
2,542,551
2,224,386
------------
------------
Shareholders funds
2,543,751
2,225,386
------------
------------
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.
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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Civil Structure & Management Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 6 January 2025 , and are signed on behalf of the board by:
Mr C G Fitton
Director
Company registration number: 03348251
Civil Structure & Management 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 England and Wales. The address of the registered office is 240-248 West Street, Bedminster, Bristol, BS3 3NE, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 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.
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:
Equipment
-
25% - 33% reducing balance
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
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.
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 as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
4. Tangible assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1 May 2023
4,000,000
40,712
4,040,712
Transfers
840,000
840,000
------------
--------
------------
At 30 April 2024
4,840,000
40,712
4,880,712
------------
--------
------------
Depreciation
At 1 May 2023
40,050
40,050
Charge for the year
165
165
------------
--------
------------
At 30 April 2024
40,215
40,215
------------
--------
------------
Carrying amount
At 30 April 2024
4,840,000
497
4,840,497
------------
--------
------------
At 30 April 2023
4,000,000
662
4,000,662
------------
--------
------------
Freehold property has been valued at fair value by the directors as at 30 April 2024. The property transfer relates to a property transferred from it's 100% subsidiary Ellick Holdings Ltd.
5. Investments
Shares in group undertakings
£
Cost
At 1 May 2023
100
Additions
200
----
At 30 April 2024
300
----
Impairment
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
300
----
At 30 April 2023
100
----
The company owns 100% of the issued share capital of CSM (Bristol) Limited and Ellick Holdings Ltd.
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings
70,273
70,273
Other debtors
374,179
310,450
---------
---------
444,452
380,723
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
31,532
23,080
Corporation tax
10,707
Other creditors
36,438
34,359
--------
--------
67,970
68,146
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,085,000
1,752,500
------------
------------
The bank loan is an interest only loan up for review in 2028. The company's bank has a charge over all of the assets of the company.
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,200
1,200
1,000
1,000
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