Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01truefalseSupply of industrial machinery00falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01738021 2023-07-01 2024-06-30 01738021 2022-07-01 2023-06-30 01738021 2024-06-30 01738021 2023-06-30 01738021 2022-07-01 01738021 c:Director1 2023-07-01 2024-06-30 01738021 d:Buildings 2023-07-01 2024-06-30 01738021 d:Buildings 2024-06-30 01738021 d:Buildings 2023-06-30 01738021 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01738021 d:MotorVehicles 2023-07-01 2024-06-30 01738021 d:MotorVehicles 2024-06-30 01738021 d:MotorVehicles 2023-06-30 01738021 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01738021 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01738021 d:CurrentFinancialInstruments 2024-06-30 01738021 d:CurrentFinancialInstruments 2023-06-30 01738021 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01738021 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01738021 d:ShareCapital 2024-06-30 01738021 d:ShareCapital 2023-06-30 01738021 d:CapitalRedemptionReserve 2024-06-30 01738021 d:CapitalRedemptionReserve 2023-06-30 01738021 d:RetainedEarningsAccumulatedLosses 2024-06-30 01738021 d:RetainedEarningsAccumulatedLosses 2023-06-30 01738021 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 01738021 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 01738021 c:OrdinaryShareClass1 2023-07-01 2024-06-30 01738021 c:OrdinaryShareClass1 2024-06-30 01738021 c:OrdinaryShareClass1 2023-06-30 01738021 c:FRS102 2023-07-01 2024-06-30 01738021 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01738021 c:FullAccounts 2023-07-01 2024-06-30 01738021 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01738021 2 2023-07-01 2024-06-30 01738021 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01738021









CONTRACTORS MACHINERY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CONTRACTORS MACHINERY LIMITED
REGISTERED NUMBER: 01738021

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
303,525
305,916

  
303,525
305,916

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
26,393
25,726

Cash at bank and in hand
  
166,598
213,778

  
192,991
239,504

Creditors: amounts falling due within one year
 6 
(305,589)
(295,467)

NET CURRENT LIABILITIES
  
 
 
(112,598)
 
 
(55,963)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
190,927
249,953

PROVISIONS FOR LIABILITIES
  

Deferred tax
 7 
-
(4,066)

  
 
 
-
 
 
(4,066)

NET ASSETS
  
190,927
245,887


CAPITAL AND RESERVES
  

Called up share capital 
 8 
2,500
2,500

Capital redemption reserve
  
2,500
2,500

Profit and loss account
  
185,927
240,887

  
190,927
245,887


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
CONTRACTORS MACHINERY LIMITED
REGISTERED NUMBER: 01738021
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 profit and loss account 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: 




C D Stroud
Director

Date: 25 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CONTRACTORS MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

Contractors Machinery Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

INTEREST INCOME

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

Page 3

 
CONTRACTORS MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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 operates and generates 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; 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 balance sheet date.


 
2.5

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 the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Motor vehicles
-
15%
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.

Page 4

 
CONTRACTORS MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 5

 
CONTRACTORS MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


TANGIBLE FIXED ASSETS





Freehold property
Motor vehicles
Total

£
£
£



COST OR VALUATION


At 1 July 2023
299,300
68,850
368,150


Additions
7,937
-
7,937



At 30 June 2024

307,237
68,850
376,087



DEPRECIATION


At 1 July 2023
15,758
46,476
62,234


Charge for the year on owned assets
-
10,328
10,328



At 30 June 2024

15,758
56,804
72,562



NET BOOK VALUE



At 30 June 2024
291,479
12,046
303,525



At 30 June 2023
283,542
22,374
305,916


5.


DEBTORS

2024
2023
£
£


Other debtors
26,393
25,726

26,393
25,726


Page 6

 
CONTRACTORS MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
-
5,360

Trade creditors
1,397
1,425

Other creditors
277,400
257,880

Accruals and deferred income
26,792
30,802

305,589
295,467



7.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
4,066
6,593


Charged to profit or loss
(4,066)
(2,527)



AT END OF YEAR
-
4,066

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
4,066

-
4,066


8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



2,500 (2023 - 2,500) Ordinary shares shares of £1.00 each
2,500
2,500


 
Page 7