Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsefalseThe company's main activities are groundworks, reinforced concrete frames, external works and structural alterations within the construction industry.302023-05-0125truefalse 02391006 2023-05-01 2024-04-30 02391006 2022-05-01 2023-04-30 02391006 2024-04-30 02391006 2023-04-30 02391006 c:Director2 2023-05-01 2024-04-30 02391006 d:CurrentFinancialInstruments 2024-04-30 02391006 d:CurrentFinancialInstruments 2023-04-30 02391006 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02391006 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02391006 d:ShareCapital 2024-04-30 02391006 d:ShareCapital 2023-04-30 02391006 d:RetainedEarningsAccumulatedLosses 2024-04-30 02391006 d:RetainedEarningsAccumulatedLosses 2023-04-30 02391006 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 02391006 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 02391006 c:OrdinaryShareClass1 2023-05-01 2024-04-30 02391006 c:OrdinaryShareClass1 2024-04-30 02391006 c:FRS102 2023-05-01 2024-04-30 02391006 c:Audited 2023-05-01 2024-04-30 02391006 c:FullAccounts 2023-05-01 2024-04-30 02391006 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02391006 c:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02391006 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02391006


 

DUFFY CONTRACT SERVICES LIMITED
 
ANNUAL REPORT
 
FOR THE YEAR ENDED 30 APRIL 2024

 
DUFFY CONTRACT SERVICES LIMITED
REGISTERED NUMBER: 02391006

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
 4 
2,963,561
4,130,215

Cash at bank and in hand
  
822,126
97,959

  
3,785,687
4,228,174

Creditors: amounts falling due within one year

 5 

(3,651,899)
(3,693,555)

  

Net assets
  
133,788
534,619


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
133,688
534,519

  
133,788
534,619


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:28 January 2025.




J B Duffy
Director

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
DUFFY CONTRACT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Duffy Contract Services Limited is a private company limited by shares incorporated and domiciled in the United Kingdom and registered in England and Wales. The address of its registered office and principal place of business is Duffy House, 1 Mount Road, Feltham, Middlesex, TW13 6AR.
The financial statements are prepared in Sterling (£) which is the functional currency of the Company. The
financial statements are for the year ended 30 April 2024 (2023: 30 April 2023).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have
been prepared under the historical cost convention.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed the Company’s balance sheet position at the year end and its expected trading result for the current year. They are confident, with ongoing support from the rest of the Group that the Company will continue as a going concern.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

Long-term contracts

Long-term contracts are assessed on a contract-by-contract basis and are reflected in the statement of comprehensive income by recording turnover and related costs as the contract activity progresses. Revenue is ascertained in a manner appropriate to the stage of completion of the contract.

Page 2

 
DUFFY CONTRACT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to the statement of income and retained earnings 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.

 
2.6

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 the statement of income and retained earnings when they fall due. Amounts not paid are shown in creditors as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered
funds.

 
2.7

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.

 
2.8

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 3

 
DUFFY CONTRACT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023: 25).



4.


Debtors

2024
2023
£
£


Trade debtors
58,376
853,183

Amounts owed by group undertakings
2,265,405
3,181,574

Other debtors
2,033
62

Prepayments and accrued income
436,926
95,396

Deferred taxation (note 6)
200,821
-

2,963,561
4,130,215


Amounts owed by group undertakings are interest free, unsecured and repayable on demand.


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
77,021
136,367

Amounts owed to group undertakings
3,224,327
3,092,687

Other taxation and social security
303,413
300,232

Other creditors
47,138
45,841

Accruals and deferred income
-
118,428

3,651,899
3,693,555


Amounts owed to group undertakings are interest free, unsecured and repayable on demand.

Page 4

 
DUFFY CONTRACT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Deferred taxation




2024


£






At beginning of the year
-


Credited to the statement of income and retained earnings
200,821



At end of the year
200,821

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
200,821
-


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



8.


Pension commitments

The Company operates a defined contribution 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 £19,671 (2023: £18,825). Contributions totaling £6,981 (2023: £4,559) were payable to the fund at the reporting date and are included in other creditors.


9.


Related party transactions

The Company has taken advantage of the exemptions conferred by section 33 of FRS 102 from the requirement to make disclosures regarding transactions with other wholly owned subsidiaries within the Group.

Page 5

 
DUFFY CONTRACT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Parent and controlling party

The Company is a wholly owned subsidiary of Duffy Group Holdings Limited, which is the ultimate parent Company, and is incorporated and domiciled in the United Kingdom and registered in England and Wales.
The largest and smallest group in which the results of the Company are consolidated is that headed by Duffy Group Holdings Limited. The consolidated financial statements of this Company are available to the public and may be obtained from their registered office at Duffy House, 1 Mount Road, Feltham, Middlesex, TW13 6AR. No other financial statements include the results of this Company.
The ultimate controlling party is J B Duffy, the shareholder of Duffy Group Holdings Limited.

11.


Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 28 January 2025 by Robert Blundell FCA (senior statutory auditor) on behalf of Cooper Parry Group Limited.


Page 6