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For the year ended |
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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
3 |
Independent auditor's report to the member |
5 |
Consolidated statement of income and retained earnings |
9 |
Company statement of income and retained earnings |
10 |
Consolidated statement of financial position |
11 |
Company statement of financial position |
12 |
Consolidated statement of cash flows |
13 |
Notes to the financial statements |
14 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Auditor |
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Chartered Accountants & statutory auditor |
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Tower House |
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Lucy Tower Street |
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Lincoln |
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LN1 1XW |
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Bankers |
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70 High Street |
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Lincoln |
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LN5 8AD |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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Director |
Registered office: |
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Independent Auditor's Report to the Member of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & statutory auditor |
Tower House |
Lucy Tower Street |
Lincoln |
LN1 1XW |
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Consolidated Statement of Income and Retained Earnings |
2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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------------- |
-------------- |
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Gross profit |
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Administrative expenses |
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Other operating income |
5 |
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---------- |
------------- |
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Operating (loss)/profit |
6 |
(
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Interest payable and similar expenses |
10 |
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---------- |
------------- |
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(Loss)/profit before taxation |
(
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Tax on (loss)/profit |
11 |
(
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---------- |
------------- |
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(Loss)/profit for the financial year and total comprehensive income |
(
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---------- |
------------- |
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Retained earnings at the start of the year |
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------------- |
------------- |
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Retained earnings at the end of the year |
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------------- |
------------- |
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Company Statement of Income and Retained Earnings |
2024 |
2023 |
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Note |
£ |
£ |
(Loss)/profit for the financial year and total comprehensive income |
(
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(
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Retained earnings at the start of the year |
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---------- |
---------- |
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Retained earnings at the end of the year |
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---------- |
---------- |
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Consolidated Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
13 |
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Debtors |
15 |
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Cash at bank and in hand |
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------------- |
------------- |
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Creditors: amounts falling due within one year |
17 |
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------------- |
------------- |
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Net current liabilities |
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-------------- |
-------------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Taxation including deferred tax |
20 |
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-------------- |
-------------- |
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Net assets |
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-------------- |
-------------- |
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Called up share capital |
25 |
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Share premium account |
26 |
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Profit and loss account |
26 |
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------------- |
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Shareholder funds |
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------------- |
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Director |
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Company Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
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Investments |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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---------- |
---------- |
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Creditors: amounts falling due within one year |
17 |
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---------- |
---------- |
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Net current assets |
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---------- |
---------- |
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Total assets less current liabilities |
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---------- |
---------- |
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Net assets |
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---------- |
---------- |
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Called up share capital |
25 |
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Share premium account |
26 |
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Profit and loss account |
26 |
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---------- |
---------- |
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Shareholder funds |
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---------- |
---------- |
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Director |
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Consolidated Statement of Cash Flows |
2024 |
2023 |
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Note |
£ |
£ |
(Loss)/profit for the financial year |
(
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Adjustments for: |
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Depreciation of tangible assets |
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Government grant income |
– |
(
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Interest payable and similar expenses |
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Gains on disposal of tangible assets |
(
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(
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Tax on loss |
(
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Accrued expenses/(income) |
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(
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Changes in: |
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Trade and other debtors |
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(
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Trade and other creditors |
(
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------------- |
------------- |
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Cash generated from operations |
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Interest paid |
(
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(
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------------- |
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Net cash from operating activities |
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------------- |
------------- |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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------------- |
------------- |
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Net cash from investing activities |
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------------- |
------------- |
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Proceeds from borrowings |
– |
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Repayments of borrowings |
(
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– |
Government grant income |
– |
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Payments of finance lease liabilities |
(
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(
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------------- |
------------- |
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Net cash used in financing activities |
(
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(
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------------- |
------------- |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
180,428 |
(165,801) |
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---------- |
---------- |
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Cash and cash equivalents at end of year |
16 |
(
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---------- |
---------- |
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Notes to the Financial Statements |
Goodwill |
- |
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Freehold Land & Buildings |
- |
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Plant & Machinery |
- |
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Fixtures & Equipment |
- |
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Motor Vehicles |
- |
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Computer Equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Construction contracts |
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------------- |
-------------- |
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2024 |
2023 |
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£ |
£ |
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Rental income |
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Government grant income |
– |
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Other operating income |
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– |
--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
|
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Gains on disposal of tangible assets |
(
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(
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Impairment of trade debtors |
9,188 |
10,591 |
------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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--------- |
--------- |
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Taxation advisory services |
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Other non-audit services |
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--------- |
--------- |
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12,750 |
9,750 |
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--------- |
--------- |
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2024 |
2023 |
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No. |
No. |
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Management staff |
5 |
5 |
Number of contracting staff |
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Number of office and administrative staff |
4
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6
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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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------------- |
------------- |
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------------- |
------------- |
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2024 |
2023 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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--------- |
---------- |
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--------- |
---------- |
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2024 |
2023 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Interest on debenture loans |
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Interest on obligations under finance leases and hire purchase contracts |
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Other interest payable and similar charges |
|
|
---------- |
---------- |
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---------- |
---------- |
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2024 |
2023 |
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£ |
£ |
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Origination and reversal of timing differences |
(
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--------- |
---------- |
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Tax on loss |
(
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--------- |
---------- |
|
2024 |
2023 |
|
£ |
£ |
|
(Loss)/profit on ordinary activities before taxation |
(
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|
---------- |
------------- |
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(Loss)/profit on ordinary activities by rate of tax |
(
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Effect of expenses not deductible for tax purposes |
|
(
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Effect of capital allowances and depreciation |
|
(
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Utilisation of tax losses |
|
(
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Deferred tax |
(
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|
---------- |
------------- |
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Tax on loss |
(
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---------- |
------------- |
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Group |
Goodwill |
£ |
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Cost |
|
At 1 May 2023 and 30 April 2024 |
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--------- |
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Amortisation |
|
At 1 May 2023 and 30 April 2024 |
|
--------- |
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Carrying amount |
|
At 1 May 2023 and 30 April 2024 |
– |
--------- |
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At 30 April 2023 |
– |
--------- |
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Group |
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 May 2023 |
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Additions |
– |
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– |
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Disposals |
– |
(
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– |
(
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– |
(
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------------- |
-------------- |
--------- |
---------- |
--------- |
-------------- |
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At 30 Apr 2024 |
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------------- |
-------------- |
--------- |
---------- |
--------- |
-------------- |
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Depreciation |
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At 1 May 2023 |
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Charge for the year |
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Disposals |
– |
(
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– |
(
|
– |
(
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------------- |
-------------- |
--------- |
---------- |
--------- |
-------------- |
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At 30 Apr 2024 |
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------------- |
-------------- |
--------- |
---------- |
--------- |
-------------- |
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Carrying amount |
||||||
At 30 Apr 2024 |
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------------- |
-------------- |
--------- |
---------- |
--------- |
-------------- |
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At 30 Apr 2023 |
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------------- |
-------------- |
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---------- |
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-------------- |
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Company |
Other investments other than loans |
£ |
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Cost |
|
At 1 May 2023 and 30 April 2024 |
|
---------- |
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Impairment |
|
At 1 May 2023 and 30 April 2024 |
– |
---------- |
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Carrying amount |
|
At 1 May 2023 and 30 April 2024 |
|
---------- |
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At 30 April 2023 |
|
---------- |
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Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
||
|
Ordinary |
100 |
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Ordinary |
100 |
|
Ordinary |
100 |
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
– |
– |
Amounts owed by group undertakings |
– |
– |
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Prepayments and accrued income |
|
|
– |
– |
Other debtors |
|
|
– |
– |
------------- |
------------- |
---------- |
---------- |
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------------- |
------------- |
---------- |
---------- |
|
2024 |
2023 |
|
£ |
£ |
|
Cash at bank and in hand |
|
|
Bank overdrafts |
(
|
– |
--------- |
---------- |
|
(
|
|
|
--------- |
---------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Debenture loans |
|
|
|
|
Bank loans and overdrafts |
|
– |
– |
– |
Trade creditors |
|
|
– |
– |
Amounts owed to group undertakings |
– |
– |
|
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Accruals and deferred income |
|
|
|
|
Social security and other taxes |
|
|
– |
– |
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
Director loan accounts |
|
|
– |
– |
Other creditors |
|
– |
– |
– |
------------- |
------------- |
---------- |
---------- |
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|
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|
------------- |
------------- |
---------- |
---------- |
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Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
---------- |
------------- |
---- |
---- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
– |
– |
Later than 1 year and not later than 5 years |
|
|
– |
– |
------------- |
------------- |
---- |
---- |
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|
|
– |
– |
|
------------- |
------------- |
---- |
---- |
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Group |
Deferred tax (note 21) |
£ |
|
At 1 May 2023 |
|
Additions |
(
|
------------- |
|
At 30 April 2024 |
|
------------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Included in provisions (note 20) |
|
|
– |
– |
------------- |
------------- |
---- |
---- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Accelerated capital allowances |
|
|
|
– |
Unused tax losses |
(
|
(
|
(
|
– |
------------- |
------------- |
------------- |
---- |
|
1,285,601 |
1,371,917 |
1,285,601 |
– |
|
------------- |
------------- |
------------- |
---- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Government grants recognised directly in income |
– |
|
– |
– |
---- |
---- |
---- |
---- |
|
Group |
|||
2024 |
2023 |
||
£ |
£ |
||
Financial assets that are debt instruments measured at amortised cost |
1,174,518 |
1,970,853 |
|
------------- |
------------- |
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Group |
|||
2024 |
2023 |
||
£ |
£ |
||
Financial liabilities measured at amortised cost |
4,005,639 |
5,485,917 |
|
------------- |
------------- |
||
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
178 |
|
178 |
---- |
---- |
---- |
---- |
|
At 1 May 2023 |
Cash flows |
At 30 Apr 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(179,578) |
|
Bank overdrafts |
– |
(62,402) |
(62,402) |
Debt due within one year |
(2,008,401) |
20,761 |
(1,987,640) |
Debt due after one year |
(2,024,751) |
1,057,528 |
(967,223) |
------------- |
------------- |
------------- |
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(
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(
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------------- |
------------- |
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