Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312024-01-31963T Meenan CCL Pension Fund YEP Property Ltd Civils Design Services Ltd On Grade Earthworks and Stabilisation Limited Fiduchi Trust14455120783149544762387976503492552023-02-01falsefalsefalse22false 06672254 2023-02-01 2024-01-31 06672254 2022-02-01 2023-01-31 06672254 2024-01-31 06672254 2023-01-31 06672254 c:CompanySecretary1 2023-02-01 2024-01-31 06672254 c:Director2 2023-02-01 2024-01-31 06672254 c:Director4 2023-02-01 2024-01-31 06672254 c:RegisteredOffice 2023-02-01 2024-01-31 06672254 d:PlantMachinery 2023-02-01 2024-01-31 06672254 d:MotorVehicles 2023-02-01 2024-01-31 06672254 d:OfficeEquipment 2023-02-01 2024-01-31 06672254 d:CurrentFinancialInstruments 2024-01-31 06672254 d:CurrentFinancialInstruments 2023-01-31 06672254 d:ShareCapital 2024-01-31 06672254 d:ShareCapital 2023-01-31 06672254 d:CapitalRedemptionReserve 2023-02-01 2024-01-31 06672254 d:CapitalRedemptionReserve 2024-01-31 06672254 d:CapitalRedemptionReserve 2023-01-31 06672254 d:MergerReserve 2023-02-01 2024-01-31 06672254 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 06672254 d:RetainedEarningsAccumulatedLosses 2024-01-31 06672254 d:RetainedEarningsAccumulatedLosses 2023-01-31 06672254 d:RetainedEarningsAccumulatedLosses 2022-02-01 06672254 c:OrdinaryShareClass1 2023-02-01 2024-01-31 06672254 c:OrdinaryShareClass1 2024-01-31 06672254 c:OrdinaryShareClass1 2023-01-31 06672254 c:FRS102 2023-02-01 2024-01-31 06672254 c:Audited 2023-02-01 2024-01-31 06672254 c:FullAccounts 2023-02-01 2024-01-31 06672254 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06672254 d:EntityControlledByKeyManagementPersonnel1 2023-02-01 2024-01-31 06672254 d:EntityControlledByKeyManagementPersonnel1 2024-01-31 06672254 d:EntityControlledByKeyManagementPersonnel2 2023-02-01 2024-01-31 06672254 d:EntityControlledByKeyManagementPersonnel2 2022-02-01 2023-01-31 06672254 d:EntityControlledByKeyManagementPersonnel2 2024-01-31 06672254 d:EntityControlledByKeyManagementPersonnel2 2023-01-31 06672254 d:EntityControlledByKeyManagementPersonnel3 2023-02-01 2024-01-31 06672254 d:EntityControlledByKeyManagementPersonnel3 2022-02-01 2023-01-31 06672254 d:EntityControlledByKeyManagementPersonnel3 2023-01-31 06672254 d:Subsidiary1 2023-02-01 2024-01-31 06672254 d:Subsidiary1 1 2023-02-01 2024-01-31 06672254 c:Consolidated 2024-01-31 06672254 c:ConsolidatedGroupCompanyAccounts 2023-02-01 2024-01-31 06672254 2 2023-02-01 2024-01-31 06672254 6 2023-02-01 2024-01-31 06672254 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06672254










CIVILS CONTRACTING HOLDING COMPANY LIMITED










ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
COMPANY INFORMATION


Directors
P Medhurst 
N Weaver 




Company secretary
P Medhurst



Registered number
06672254



Registered office
3 Archers Park
Branbridges Road

East Peckham

Kent

TN12 5HP




Independent auditor
MHA

Victoria Court

17-21 Ashford Road

Maidstone

United Kingdom

ME14 5DA





 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 

CONTENTS



Page
Group Strategic Report
 
 
1 - 3
Directors' Report
 
 
4 - 5
Independent Auditor's Report
 
 
6 - 9
Consolidated Statement of Income and Retained Earnings
 
 
10
Consolidated Balance Sheet
 
 
11
Company Balance Sheet
 
 
12
Consolidated Statement of Cash Flows
 
 
13 - 14
Consolidated Analysis of Net Debt
 
 
15
Notes to the Financial Statements
 
 
16 - 33


 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2024

Introduction
 
The function of the strategic report is to provide a balanced review of the Group’s objectives, its performance and development during the year, and its position at the year end. The review also covers the principal risks and uncertainties faced by the Group.
The primary purpose of Civils Contracting Holding Company Limited is to act as a holding parent Company. The Company itself does not trade or have any of its own key performance indicators to monitor or report on.
There is one significant trading subsidiary, Civils Contracting Limited. All contents of this report therefore relate to both the performance of the Group and of Civils Contracting Limited.

Business review
 
Civils is a highly successful and accomplished British construction Group providing construction services across a wide variety of sectors. We are proud of our reputation for non-confrontational contracting, an approach which enables us to obtain the majority of our work through recommendation and negotiation with our clients. 
Development and performance of the Group
The Group’s profit for the year after taxation amounted to £4,297,077 (2023 – £3,951,232). The performance of the business has continued to be very good in 2023/2024, with increases in inflation, supply chain and resourcing being overcome by a very good staff work ethic and the property market remaining strong especially in the industrial sector. The staff work ethic has been further bolstered by the Employee Ownership Trust which has been beneficial to all beneficiaries throughout the year.
The major contracts being undertaken in the industrial development and commercial sectors have formed the foundation for the business throughout the year and this continues to be the case in 2023/2024. Looking forward to 2024/2025 we expect to see continuing volumes of work in both sectors with slightly lower margins however volumes should increase.

Page 1

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 

GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024

Principal risks and uncertainties
 
The Group’s principal risks can broadly be defined as competitive, legislative and financial.
 
Competitive risks and market. The Group faces pressures from other organisations in execution of its business. This is addressed by the depth of expertise in the industry of the management team, a detailed understanding of the market and environment, and a commitment to quality.
Regulatory and legislative risks. Any breach of regulations and applicable law may result in fines for the Group. Consequently robust compliance and legal monitoring controls minimise the Group’s exposure.
Financial instruments risk. Apart from working capital the Group does not have any financial instruments. It is the Group’s policy that no trading in complex financial instruments shall be undertaken. The main risks arising from the Group’s financial instruments are price, credit, liquidity and cash flow risk. Risk management policies are regularly reviewed by the board.
 
Price risks are managed through the commercial process.
Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Group’s policies are aimed at minimising such a risk by conducting credit checks where appropriate and by other established credit control procedures.
Liquidity risk is the risk that an entity may encounter difficulties in meeting obligations associated with financial liabilities. The Group aims to mitigate liquidity risk by robust budgeting.
Cash flow risk lies in the exposure to variability in cash flows that are attributable to a particular risk associated with a recognised asset or liability such as future interest payments. The Group manages this risk through cash flow planning, and strict management of working capital.

Financial key performance indicators
 
The KPIs used to determine the progress and performance of the Group are set out below:
 

2024
2023
Turnover (£)
25,032,310
24,655,160
Average monthly staff (number)
26
28
Operating profit (£)
5,640,223
4,348,850

During the year the Group continued to perform well particularly due to development work and various short and long term contracts. The tenacity of the staff in finding and creating solutions has been instrumental in delivering the good results. Total revenue has increased compared to last year which has also helped to deliver an excellent overall performance with higher profit levels than last year.
Staff numbers reflect the efficiency of the Group and its operations. Operating profit is a measure of the profitability of underlying operations of the business.

Page 2

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 

GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024


This report was approved by the board and signed on its behalf.



................................................
P Medhurst
Director

Date: 30 January 2025

Page 3

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2024

The directors present their report and the financial statements for the year ended 31 January 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Group's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the Company is that of a holding company, and the principal activity of the Group is that of civil engineering and building contracting. 

Results and dividends

The profit for the year, after taxation, amounted to £4,297,077 (2023 - £3,951,232).

Dividends declared and paid in the year were £Nil (2023: £Nil).

Directors

The directors who served during the year were:

P Medhurst 
N Weaver 

Future developments

There have been no future developments affecting the Group since the year end other than those referred to in the strategic report.

Page 4

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024

Matters covered in the Group Strategic Report

Certain items required under Schedule 7 to be disclosed in the Directors' Report are set out in the Strategic Report in accordance with S.414C(II) of the Companies Act 2006; these being an analysis of the Group's principal risks and uncertainties.

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditor is aware of that information.

Post balance sheet events

There have been no significant events affecting the Group since the year end.

Auditor

The auditor, MHAwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





................................................
P Medhurst
Director

Date: 30 January 2025

Page 5

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CIVILS CONTRACTING HOLDING COMPANY LIMITED
 

Opinion


We have audited the financial statements of Civils Contracting Holding Company Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 January 2024, which comprise the Consolidated Statement of Income and Retained Earnings, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Group's and of the parent Company's affairs as at 31 January 2024 and of the Group's profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 6

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CIVILS CONTRACTING HOLDING COMPANY LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent Company financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Page 7

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CIVILS CONTRACTING HOLDING COMPANY LIMITED (CONTINUED)


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Group's and the parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or the parent Company or to cease operations, or have no realistic alternative but to do so.


Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

enquiry of management around actual and potential litigation and claims;
enquiry of management to identify any instances of non-compliance with laws and regulations; 
performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimate for bias; and
reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.


Page 8

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CIVILS CONTRACTING HOLDING COMPANY LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's 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 members, as a body, for our audit work, for this report, or for the opinions we have formed.





Duncan Cochrane-Dyet BSc BFP FCA (Senior Statutory Auditor)
for and on behalf of
MHA
Statutory Auditor
Maidstone
United Kingdom

31 January 2025
MHA is the trading name of MacIntyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC312313)
Page 9

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 JANUARY 2024

2024
2023
Note
£
£

  

Turnover
 4 
25,032,310
24,655,160

Cost of sales
  
(17,967,458)
(18,921,441)

Gross profit
  
7,064,852
5,733,719

Administrative expenses
  
(1,424,629)
(1,384,869)

Operating profit
 5 
5,640,223
4,348,850

Interest receivable and similar income
 9 
31,518
196

Interest payable and similar expenses
 10 
(6,635)
(33,314)

Profit before tax
  
5,665,106
4,315,732

Tax on profit
 11 
(1,368,029)
(364,500)

Profit after tax
  
4,297,077
3,951,232

  

  

Retained earnings at the beginning of the year
  
6,602,834
5,651,602

Profit for the year attributable to the owners of the parent
  
4,297,077
3,951,232

Voluntary contributions to Employee Ownership Trust
  
(4,000,000)
(3,000,000)

Retained earnings at the end of the year
  
6,899,911
6,602,834

There were no recognised gains and losses for 2024 or 2023 other than those included in the consolidated statement of income and retained earnings.

The notes on pages 16 to 33 form part of these financial statements.

Page 10

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
REGISTERED NUMBER: 06672254

CONSOLIDATED BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 12 
902,606
560,709

Current assets
  

Stocks
 14 
676,881
792,385

Debtors
 15 
7,243,817
8,634,445

Cash at bank and in hand
 16 
4,320,323
8,407,242

  
12,241,021
17,834,072

Creditors: amounts falling due within one year
 17 
(5,838,259)
(11,413,562)

Net current assets
  
 
 
6,402,762
 
 
6,420,510

Total assets less current liabilities
  
7,305,368
6,981,219

Creditors: amounts falling due after more than one year
 18 
(33,634)
(98,095)

Provisions for liabilities
  

Deferred taxation
 20 
(186,823)
(95,290)

  
 
 
(186,823)
 
 
(95,290)

Net assets
  
7,084,911
6,787,834


Capital and reserves
  

Called up share capital 
 21 
70,490
70,490

Capital redemption reserve
 22 
23,490
23,490

Merger reserve
 22 
91,020
91,020

Profit and loss account
 22 
6,899,911
6,602,834

  
7,084,911
6,787,834


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P Medhurst
................................................
N Weaver
Director
Director


Date: 30 January 2025

Page 11

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
REGISTERED NUMBER: 06672254

COMPANY BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 13 
93,980
93,980

  
93,980
93,980

Current assets
  

Debtors
 15 
300
300

  
300
300

Total assets less current liabilities
  
 
 
94,280
 
 
94,280

  

  

Net assets
  
94,280
94,280


Capital and reserves
  

Called up share capital 
 21 
70,490
70,490

Capital redemption reserve
 22 
23,490
23,490

Profit and loss account brought forward
  
300
300

Profit for the year
  
4,000,000
3,000,000

Other changes in the profit and loss account

  

(4,000,000)
(3,000,000)

Profit and loss account carried forward
  
300
300

  
94,280
94,280


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P Medhurst
................................................
N Weaver
Director
Director


Date: 30 January 2025

The notes on pages 16 to 33 form part of these financial statements.

Page 12

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2024

2024
2023
£
£

Cash flows from operating activities

Profit for the financial year
4,297,077
3,951,232

Adjustments for:

Depreciation of tangible assets
216,740
133,736

Loss on disposal of tangible assets
-
30,518

Interest paid
6,635
33,314

Interest received
(31,518)
(196)

Taxation charge
1,368,029
364,500

Decrease in stocks
115,504
1,162,725

Decrease/(increase) in debtors
1,390,628
(4,062,703)

(Decrease)/increase in creditors
(4,187,196)
7,296,300

Corporation tax (paid)
(2,662,271)
(60,211)

Net cash generated from operating activities

513,628
8,849,215


Cash flows from investing activities

Purchase of tangible fixed assets
(558,637)
(210,558)

Sale of tangible fixed assets
-
44,167

Interest received
31,518
196

HP interest paid
(6,635)
(6,795)

Net cash used in investing activities

(533,754)
(172,990)
Page 13

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024


2024
2023

£
£



Cash flows from financing activities

Repayment of finance leases
(66,793)
(72,006)

Voluntary contributions to Employee Ownership Trust
(4,000,000)
(3,000,000)

Interest paid
-
(26,519)

Net cash used in financing activities
(4,066,793)
(3,098,525)

Net (decrease)/increase in cash and cash equivalents
(4,086,919)
5,577,700

Cash and cash equivalents at beginning of year
8,407,242
2,829,542

Cash and cash equivalents at the end of year
4,320,323
8,407,242


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
4,320,323
8,407,242

4,320,323
8,407,242


Page 14

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 

CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 JANUARY 2024




At 1 February 2023
Cash flows
At 31 January 2024
£

£

£

Cash at bank and in hand

8,407,242

(4,086,919)

4,320,323

Finance leases

(164,839)

66,793

(98,046)


8,242,403
(4,020,126)
4,222,277

The notes on pages 16 to 33 form part of these financial statements.

Page 15

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Civils Contracting Holding Company Limited is a private company limited by shares incorporated in England and Wales in the United Kingdom. The address of the registered office is 3 Archers Park, Branbridges Road, East Peckham, Kent, TN12 5HP. 
The financial statements are presented in sterling which is the functional currency of the Group and rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Income and Retained Earnings in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its subsidiary ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102.

 
2.3

Going concern

The directors have assessed that there is no material uncertainty in the Group's ability to continue as a going concern. As a result, the financial statements have been prepared on a going concern basis. 

Page 16

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue can be measured reliably;
it is probable that the Group 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;
the costs incurred and the costs to complete the contract can be measured reliably; and
where the contract outcome cannot be measured reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Any costs whose recovery is not probable, are immediately recognised as an expense. When it is probable that total contract costs will exceed total contract revenue on a construction contract, the expected loss is recognised as an expense immediately, with a corresponding provision for an onerous contract. 
Revenue from the sale of properties is recognised in the accounting period in which legal title is transferred. 

 
2.5

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Leased assets: the Group as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the group. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 17

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss 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.

 
2.9

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Group in independently administered funds.

 
2.10

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 balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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 balance sheet date.

Page 18

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their
estimated useful lives, using both reducing balance and straight line methods.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less any accumulated impairment.

 
2.13

Stocks

Stocks representing work in progress on long term contracts are valued at their net realisable value after making due allowance for recovery, less any amounts billed in advance. 
Stock held as property to be disposed of in the short term is held at the lower of cost and net realisable value. 

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

Page 19

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

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.

 
2.18

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Group's Balance Sheet when the Group becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 20

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.18
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.19

Contributions to Employee Ownership Trust

Voluntary contributions paid to the Employee Ownership Trust are recognised when they become legally payable. 


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Reliable estimation of the eventual outcome of specific contracts requires reliable estimates of the stage of completion, future costs and collectibility of billings. The stage of completion of long term contracts is determined based on the total percentage of expected project costs that have been incurred.
There is estimation uncertainty on the amount and timing of future costs in relation to ongoing projects. The directors are required to make an assessment with regard to the future costs the Group is likely to incur so as to fulfil its obligations under contracts, including remedial work necessary to guarantee the release of retention balances. Only specific provisions against contracts where such a provision is required or where specific remedial work is required are recognised. No general provisions are recognised.


4.


Turnover

2024
2023
£
£

Long term contracts
25,032,310
23,455,160

Property sales
-
1,200,000

25,032,310
24,655,160


All turnover arose within the United Kingdom.


5.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Other operating lease rentals
44,650
50,320

Page 21

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Auditor's remuneration

During the year, the Group obtained the following services from the Company's auditor in respect of:


2024
2023
£
£

The audit of the consolidated, parent and subsidiary Company's financial statements
44,500
44,135

Fees payable to the Company's auditor in respect of:

Taxation compliance services
2,805
2,867

All other services
16,695
104,162


7.


Employees

Staff costs, including directors' remuneration, were as follows:


Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£


Wages and salaries
1,644,579
1,827,968
-
-

Social security costs
197,589
228,995
-
-

Cost of defined contribution scheme
66,108
67,725
-
-

1,908,276
2,124,688
-
-


The average monthly number of employees, including the directors, during the year was as follows:



Group
Group
Company
Company
        2024
        2023
        2024
        2023
            No.
            No.
            No.
            No.









Management
5
5
2
2



Administration
1
1
-
-



Direct
20
22
-
-

26
28
2
2

Key management personnel compensation:
Certain directors and staff who have authority and responsibility for planning, directing and controlling the activities of the Group are considered to be key management personnel. Total compensation in respect of these individuals was £440,447 (2023 - £452,559). 

Page 22

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Directors' remuneration

2024
2023
£
£

Directors' emoluments
244,321
248,466

244,321
248,466


During the year retirement benefits were accruing to no directors (2023 - NIL) in respect of defined contribution pension schemes.

The highest paid director received remuneration of £142,616 (2023 - £141,917).

The value of the Group's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £NIL (2023 - £NIL).


9.


Interest receivable

2024
2023
£
£


Other interest receivable
31,518
196

31,518
196


10.


Interest payable and similar expenses

2024
2023
£
£


Finance leases and hire purchase contracts
6,635
6,795

Other interest payable
-
26,519

6,635
33,314

Page 23

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

11.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
1,276,211
827,912

Adjustments in respect of previous periods
285
(449,550)


1,276,496
378,362


Total current tax
1,276,496
378,362

Deferred tax


Origination and reversal of timing differences
91,533
(13,862)

Total deferred tax
91,533
(13,862)


Taxation on profit on ordinary activities
1,368,029
364,500

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - lower than) the standard rate of corporation tax in the UK of 24.03% (2023 - 19%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
5,665,106
4,315,732


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 24.03% (2023 - 19%)
1,361,325
819,989

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
5,054
2,055

Fixed asset differences
(2,193)
6,345

Adjustments to tax charge in respect of prior periods
285
105,450

Short-term timing difference leading to an increase/ (decrease) in taxation
-
(477)

Other timing differences leading to an increase (decrease) in taxation
7
(13,862)

Adjustment in research and development tax credit leading to a decrease in the tax charge
-
(555,000)

Remeasurement of deferred tax for changes in tax rates
3,551
-

Total tax charge for the year
1,368,029
364,500

Page 24

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
 
11.Taxation (continued)


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


12.


Tangible fixed assets

Group






Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost


At 1 February 2023
700,826
362,089
116,839
1,179,754


Additions
430,495
117,919
10,223
558,637



At 31 January 2024

1,131,321
480,008
127,062
1,738,391



Depreciation


At 1 February 2023
368,195
156,403
94,447
619,045


Charge for the year
141,680
66,311
8,749
216,740



At 31 January 2024

509,875
222,714
103,196
835,785



Net book value



At 31 January 2024
621,446
257,294
23,866
902,606



At 31 January 2023
332,631
205,686
22,392
560,709

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
133,910
167,387

Motor vehicles
53,526
76,976

187,436
244,363

Page 25

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

13.


Fixed asset investments

Company





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
93,980



At 31 January 2024
93,980





Direct subsidiary undertaking


The following was a direct subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Civils Contracting Limited
3 Archers Park, Branbridges Road, East Peckham, Kent, TN12 5HP
-
Ordinary
-
100%
-


Indirect subsidiary undertaking


The following was an indirect subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Archers Park (Management Company) Limited
Victoria Court, 17-21 Ashford Road, Maidstone, Kent, ME14 5DA
-
Ordinary
-
100%
-

Archers Park (Management Company) Limited was dormant for the year.

Page 26

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

14.


Stocks

Group
Group
2024
2023
£
£

Property held for sale
192,257
726,256

Work in progress
484,624
66,129

676,881
792,385



15.


Debtors

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£



Trade debtors
3,150,640
1,916,663
-
-

Amounts owed by group undertakings
-
-
300
300

Other debtors
88,664
24,051
-
-

Prepayments and accrued income
1,083,436
5,650,071
-
-

Amounts recoverable on long-term contracts
2,921,077
1,043,660
-
-

7,243,817
8,634,445
300
300



16.


Cash and cash equivalents

Group
Group
2024
2023
£
£

Cash at bank and in hand
4,320,323
8,407,242

4,320,323
8,407,242


Page 27

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

17.


Creditors: Amounts falling due within one year

Group
Group
2024
2023
£
£

Payments received on account
3,419,999
6,637,923

Trade creditors
1,591,559
2,447,189

Corporation tax
218,113
1,603,888

Other taxation and social security
61,786
228,385

Obligations under finance lease and hire purchase contracts
64,412
66,744

Other creditors
79,681
84,255

Accruals and deferred income
402,709
345,178

5,838,259
11,413,562



18.


Creditors: Amounts falling due after more than one year

Group
Group
2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
33,634
98,095

33,634
98,095





19.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

Group
Group
2024
2023
£
£

Within one year
73,391
73,391

Between 1-5 years
37,000
107,998

110,391
181,389

Page 28

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

20.


Deferred taxation


Group



2024
2023


£

£






At beginning of year
(95,290)
(109,152)


Charged to profit or loss
(91,533)
13,862



At end of year
(186,823)
(95,290)







The provision for deferred taxation is made up as follows:

Group
Group
2024
2023
£
£

Accelerated capital allowances
(186,850)
(95,357)

Pension surplus
27
67

(186,823)
(95,290)

Page 29

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

21.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



70,490 (2023 - 70,490) Ordinary shares of £1.00 each
70,490
70,490

There are no restrictions attached to the Ordinary shares.



22.


Reserves

Capital redemption reserve

Represents the nominal value of shares previously repurchased by the Company.

Merger Reserve

Comprising the difference in the nominal value of shares acquired in Civils Contracting Limited and the nominal value of shares issued in exchange in Civils Contracting Holding Company Limited. 

Profit and loss account

Includes all current and prior period retained profits and losses.


23.


Pension commitments

The Group operates a stakeholder pension scheme and small self-administered scheme for certain directors and staff. The assets of the schemes are held separately from those of the Group in independently administered funds. The pension cost charge represents contributions payable by the Group to these funds and also to amounts paid to individual directors' personal pension plans.
Contributions payable by the Group to the self-administered scheme for the year amounted to £Nil (2023 - £Nil). At the respective balance sheet dates all contributions had been paid to the pensions administrators.
Contributions payable by the Group to the stakeholder pension scheme amounted to £66,108 (2023 - £67,725). Contributions totalling £269 (2023 - £269) were payable to the fund at the balance sheet date.

Page 30

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

24.


Commitments under operating leases

At 31 January 2024 the Group had future minimum lease payments due under non-cancellable operating leases for each of the following periods:


Group
Group
2024
2023
£
£

Not later than 1 year
86,500
28,500

Later than 1 year and not later than 5 years
155,000
114,000

Later than 5 years
-
9,500

241,500
152,000

25.Other financial commitments

The Group is party to a cross corporate guarantee and set-off agreement with YEP Property Limited, whereby any party to this arrangement could be liable to settle liabilities outstanding with Lloyds Bank PLC. YEP Property Ltd is a related party as disclosed in note 26.
A debenture agreement is in place between the Group and Bank of Scotland PLC, which contains fixed and floating charges over the assets of the Group. The assets could be discharged in the event of default of payment for current or future liabilities owed by the Group to the bank. 


26.


Related party transactions

The Company has taken advantage of the exemption not to disclose transactions with other members of the Group headed by The CC Trust.
The following transactions occurred during the year which are classified as related party transactions:
Movement on directors' current account balances in the Group during the year were as follows: 


Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£

J Hilder
-
10,066
(9,866)
201
T Meenan
-
4,455
(4,419)
36
-
14,521
(14,285)
237

Page 31

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

26.Related party transactions (continued)

M & M Pension Fund (P Medhurst, a director and shareholder, is a trustee and member)
Purchases totalling:
2024: £34,000
2023: £21,386
Repayments made:
2024: £41,840
2023: £21,386
Balance due from related party:
2024: £Nil
2023: £7,840
CCL Pension Fund (N Weaver, T Meenan and J Hilder, directors and shareholders, are trustees and
members):
Rent, rates and insurance costs paid to:
2024: £Nil
2023: £20,000
Balance due (to)/from related party:
2024: £762
2023: £762
YEP Property Ltd (P Medhurst, N Weaver, T Meenan and J Hilder, directors, were also directors and shareholders of YEP Property Ltd during the year):
Unbilled revenue on long term contracts:
2024: £2,456,540
2023: £782,915
Sales totalling:
2024: £1,150,000
2023: £Nil
Balance due from related party:
2024: £1,380,000
2023: £Nil
Civils Design Services Ltd (P Medhurst and N Weaver, directors, were also directors and shareholders of
this company during the year):
Loan repayments received totalling:
2024: £Nil
2023: £44,255
Expenditure incurred:
2024: £185,000 (accrued expenditure)
2023: £120,000 (accrued expenditure)

Page 32

 
CIVILS CONTRACTING HOLDING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024



Balance due from related party (excluding accruals):
2024: £30,000
2023: £Nil
Sales receipts
2024: £25,000
2023: £Nil
On Grade Earthworks and Stabilisation Limited (P Medhurst and N Weaver, directors, were also directors and shareholders of this company during the year. D Toone, a director, was also a director of this company during the year)
Loans advanced:
2024: £87,000
2023: £Nil
Loan repayments received:
2024: £10,000
2023: £Nil
Balance due from related party:
2024: £77,000
2023: £Nil
Fiduchi Trust (Trustee of The CC Trust):
Expenditure incurred:
2024: £13,202
2023: £14,735
Balance due from related party:
2024: £8,411
2023: £5,476


27.


Controlling party

In the opinion of the Directors the ultimate controlling party is The CC Trust.

 
Page 33