Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 true No description of principal activity 1 July 2023 30 June 2024 30 June 2024 05116943 L R Dicks L Hobbs L Hobbs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05116943 2023-06-30 05116943 2024-06-30 05116943 2023-07-01 2024-06-30 05116943 frs-core:CurrentFinancialInstruments 2024-06-30 05116943 frs-core:Non-currentFinancialInstruments 2024-06-30 05116943 frs-core:ComputerEquipment 2024-06-30 05116943 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05116943 frs-core:ComputerEquipment 2023-06-30 05116943 frs-core:FurnitureFittings 2024-06-30 05116943 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05116943 frs-core:FurnitureFittings 2023-06-30 05116943 frs-core:PlantMachinery 2024-06-30 05116943 frs-core:PlantMachinery 2023-07-01 2024-06-30 05116943 frs-core:PlantMachinery 2023-06-30 05116943 frs-core:ShareCapital 2024-06-30 05116943 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-06-30 05116943 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05116943 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05116943 frs-bus:FullAccounts 2023-07-01 2024-06-30 05116943 frs-bus:SmallEntities 2023-07-01 2024-06-30 05116943 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05116943 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05116943 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-07-01 2024-06-30 05116943 frs-bus:OrdinaryShareClass2 2023-07-01 2024-06-30 05116943 frs-bus:OrdinaryShareClass2 2024-06-30 05116943 frs-bus:OrdinaryShareClass3 2023-07-01 2024-06-30 05116943 frs-bus:OrdinaryShareClass3 2024-06-30 05116943 frs-bus:Director1 2023-07-01 2024-06-30 05116943 frs-bus:Director2 2023-07-01 2024-06-30 05116943 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05116943 frs-countries:EnglandWales 2023-07-01 2024-06-30 05116943 2022-06-30 05116943 2023-06-30 05116943 2022-07-01 2023-06-30 05116943 frs-core:CurrentFinancialInstruments 2023-06-30 05116943 frs-core:Non-currentFinancialInstruments 2023-06-30 05116943 frs-core:ShareCapital 2023-06-30 05116943 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-06-30 05116943 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05116943 frs-bus:OrdinaryShareClass2 2022-07-01 2023-06-30 05116943 frs-bus:OrdinaryShareClass3 2022-07-01 2023-06-30
Registered number: 05116943
Gladstone Construction Civil Engineering Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 June 2024
Elsby and Company Ltd
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Directors L R Dicks
L Hobbs
Secretary L Hobbs
Company Number 05116943
Registered Office 23 Lamport Close
Kettering Venture Park
Kettering
Northamptonshire
NN15 6XY
Accountants Elsby and Company Ltd
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 June 2024.
Directors
The directors who held office during the year were as follows:
L R Dicks
L Hobbs
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments 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 company 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 enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
L R Dicks
Director
4th February 2025
Page 2
Page 3
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Gladstone Construction Civil Engineering Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Gladstone Construction Civil Engineering Limited for the year ended 30 June 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Gladstone Construction Civil Engineering Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Gladstone Construction Civil Engineering Limited and state those matters that we have agreed to state to the directors of Gladstone Construction Civil Engineering Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gladstone Construction Civil Engineering Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Gladstone Construction Civil Engineering Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Gladstone Construction Civil Engineering Limited . You consider that Gladstone Construction Civil Engineering Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Gladstone Construction Civil Engineering Limited . 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.
Signed
4th February 2025
Elsby and Company Ltd
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Page 3
Page 4
Statement of Income and Retained Earnings
2024 2023
Notes £ £
TURNOVER 2,742,395 3,269,385
Cost of sales (2,230,668 ) (2,720,583 )
GROSS PROFIT 511,727 548,802
Administrative expenses (405,691 ) (340,478 )
Other operating income 3,750 (2,616 )
OPERATING PROFIT 109,786 205,708
Profit on disposal of fixed assets - 15,587
Other interest receivable and similar income 171 11
Interest payable and similar charges (4,494 ) (4,145 )
PROFIT BEFORE TAXATION 105,463 217,161
Tax on Profit (10,946 ) (33,083 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 94,517 184,078
RETAINED EARNINGS
As at 1 July 2023 399,867 313,635
Dividends paid (86,000) (97,846)
As at 30 June 2024 408,384 399,867
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,306 21,763
23,306 21,763
CURRENT ASSETS
Stocks 5 352,159 380,849
Debtors 6 329,608 384,762
Cash at bank and in hand 133,989 178,856
815,756 944,467
Creditors: Amounts Falling Due Within One Year 7 (407,718 ) (533,934 )
NET CURRENT ASSETS (LIABILITIES) 408,038 410,533
TOTAL ASSETS LESS CURRENT LIABILITIES 431,344 432,296
Creditors: Amounts Falling Due After More Than One Year 8 (12,182 ) (21,547 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (778 ) (882 )
NET ASSETS 418,384 409,867
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account 408,384 399,867
SHAREHOLDERS' FUNDS 418,384 409,867
Page 5
Page 6
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
L R Dicks
Director
4th February 2025
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Gladstone Construction Civil Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05116943 . The registered office is 23 Lamport Close, Kettering Venture Park, Kettering, Northamptonshire, NN15 6XY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 40% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 7
Page 8
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 48,651 5,793 35,674 90,118
Additions 6,085 - 627 6,712
As at 30 June 2024 54,736 5,793 36,301 96,830
Depreciation
As at 1 July 2023 32,687 4,595 31,073 68,355
Provided during the period 2,779 299 2,091 5,169
As at 30 June 2024 35,466 4,894 33,164 73,524
Net Book Value
As at 30 June 2024 19,270 899 3,137 23,306
As at 1 July 2023 15,964 1,198 4,601 21,763
Page 8
Page 9
5. Stocks
2024 2023
£ £
Work in progress 352,159 380,849
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 153,767 126,594
Other debtors 175,841 258,168
329,608 384,762
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 306,904 343,120
Bank loans and overdrafts 9,364 9,974
Amounts owed to group undertakings 3,167 93,206
Other creditors 57,861 47,205
Taxation and social security 30,422 40,429
407,718 533,934
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,182 21,547
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
5,000 Ordinary A shares of £ 1.00 each 5,000 5,000
5,000 Ordinary B shares of £ 1.00 each 5,000 5,000
10,000 10,000
Page 9