Company registration number 12235681 (England and Wales)
TS Civil Engineering & Utilities Ltd
Annual Report and
Unaudited Financial Statements
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
TS Civil Engineering & Utilities Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
TS Civil Engineering & Utilities Ltd
Statement of financial position
as at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
499,823
208,596
Current assets
Stocks
20,538
344,895
Debtors
1,257,194
451,229
Cash at bank and in hand
322,481
60,716
1,600,213
856,840
Creditors: amounts falling due within one year
(782,646)
(682,303)
Net current assets
817,567
174,537
Total assets less current liabilities
1,317,390
383,133
Creditors: amounts falling due after more than one year
(109,665)
(21,432)
Provisions for liabilities
(124,956)
(52,149)
Net assets
1,082,769
309,552
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,082,669
309,452
Total equity
1,082,769
309,552
TS Civil Engineering & Utilities Ltd
Statement of financial position (continued)
as at 30 April 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 24 October 2024 and are signed on its behalf by:
S M Varley
J S McKeith
Director
Director
Company Registration No. 12235681
TS Civil Engineering & Utilities Ltd
Notes to the financial statements
for the year ended 30 April 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents amounts receivable for commissions for the supply of services to the customer.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% reducing balance
Fixtures and fittings
3 years straight line
Motor vehicles
25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated, but not reversed, at the balance sheet date. Timing differences represent accumulated differences between the company’s taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
TS Civil Engineering & Utilities Ltd
Notes to the financial statements (continued)
for the year ended 30 April 2024
1
Accounting policies
(continued)
- 4 -
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
29
46
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023
183,015
13,042
142,620
338,677
Additions
147,204
21,300
206,363
374,867
At 30 April 2024
330,219
34,342
348,983
713,544
Depreciation and impairment
At 1 May 2023
56,761
9,229
64,091
130,081
Depreciation charged in the year
19,282
6,529
57,829
83,640
At 30 April 2024
76,043
15,758
121,920
213,721
Carrying amount
At 30 April 2024
254,176
18,584
227,063
499,823
At 30 April 2023
126,254
3,813
78,529
208,596
4
Company information
TS Civil Engineering & Utilities Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Shawfield Road, Carlton Industrial Estate, Barnsley, South Yorkshire, England, S71 3HS.