Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312025-05-27true2023-05-03The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the company is that of Construction of commercial and domestic buildings.0false1truefalse 14845218 2023-05-02 14845218 2023-05-03 2024-05-31 14845218 2022-05-03 2023-05-02 14845218 2024-05-31 14845218 c:Director1 2023-05-03 2024-05-31 14845218 d:PlantMachinery 2023-05-03 2024-05-31 14845218 d:PlantMachinery 2024-05-31 14845218 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-03 2024-05-31 14845218 d:CurrentFinancialInstruments 2024-05-31 14845218 d:Non-currentFinancialInstruments 2024-05-31 14845218 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14845218 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14845218 d:ShareCapital 2024-05-31 14845218 d:RetainedEarningsAccumulatedLosses 2024-05-31 14845218 c:OrdinaryShareClass1 2023-05-03 2024-05-31 14845218 c:OrdinaryShareClass1 2024-05-31 14845218 c:FRS102 2023-05-03 2024-05-31 14845218 c:AuditExempt-NoAccountantsReport 2023-05-03 2024-05-31 14845218 c:FullAccounts 2023-05-03 2024-05-31 14845218 c:PrivateLimitedCompanyLtd 2023-05-03 2024-05-31 14845218 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 14845218 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 14845218 2 2023-05-03 2024-05-31 14845218 e:PoundSterling 2023-05-03 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14845218










TALBOT CONSTRUCTION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
TALBOT CONSTRUCTION LIMITED
REGISTERED NUMBER: 14845218

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
102,347

  
102,347

Current assets
  

Debtors: amounts falling due within one year
 5 
617,517

Cash at bank and in hand
 6 
2,569

  
620,086

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(652,905)

Net current (liabilities)/assets
  
 
 
(32,819)

Total assets less current liabilities
  
69,528

Creditors: amounts falling due after more than one year
 8 
(64,575)

  

Net assets
  
4,953


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
4,952

  
4,953


Page 1

 
TALBOT CONSTRUCTION LIMITED
REGISTERED NUMBER: 14845218
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

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 period 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.

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 statement of income and retained earnings 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: 






D E Vercoe
Director
Date: 27 May 2025

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

Page 2

 
TALBOT CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Talbot Construction Limited register number 14845218, is a private company limited by shares. It is registered in England & Wales. The registered address is: Unit 3a Grants Hill Way, Woodford Halse, Daventry, England, NN11 3UB. 

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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 Company 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; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
TALBOT CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Taxation

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 reporting date in the countries where the Company operates and generates income.

 
2.6

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:

Plant and machinery
-
20%
straight line method

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.

 
2.7

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.

 
2.8

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.

Page 4

 
TALBOT CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
114,718



At 31 May 2024

114,718



Depreciation


Charge for the period on owned assets
12,371



At 31 May 2024

12,371



Net book value



At 31 May 2024
102,347

Page 5

 
TALBOT CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Debtors

2024
£


Trade debtors
41,372

Amounts owed by group undertakings
474,573

Other debtors
953

Prepayments and accrued income
100,619

617,517



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
2,569

2,569



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
526,281

Corporation tax
1,161

Other taxation and social security
35,675

Obligations under finance lease and hire purchase contracts
24,772

Other creditors
63,016

Accruals and deferred income
2,000

652,905



8.


Creditors: Amounts falling due after more than one year

2024
£

Net obligations under finance leases and hire purchase contracts
64,575

64,575


Page 6

 
TALBOT CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
£


Within one year
24,772

Between 1-5 years
64,575

89,347


10.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary shares share of £1.00
1


During the period, Talbot Construction Limited allotted and issued 1 ordinary shares at £1 each.

 
Page 7