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Registration number: 04627878

Context Engineering Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Context Engineering Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Context Engineering Limited

Company Information

Directors

Mr TJ Martin

Miss N J Ingram

Company secretary

Miss N J Ingram

Registered office

Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

Bankers

NatWest
Chichester (A) Branch
5 East Street
Chichester
West Sussex
P019 1HH

Accountants

W J James & Co
Chartered AccountantsBishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Context Engineering Limited

(Registration number: 04627878)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

6

6,524

25,067

Current assets

 

Debtors

7

47,774

40,911

Cash at bank and in hand

 

500,800

490,570

 

548,574

531,481

Creditors: Amounts falling due within one year

8

(56,169)

(103,061)

Net current assets

 

492,405

428,420

Total assets less current liabilities

 

498,929

453,487

Provisions for liabilities

(1,729)

(6,643)

Net assets

 

497,200

446,844

Capital and reserves

 

Called up share capital

100

100

Retained earnings

497,100

446,744

Shareholders' funds

 

497,200

446,844

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 June 2025 and signed on its behalf by:
 

 

Context Engineering Limited

(Registration number: 04627878)
Balance Sheet as at 31 March 2025

.........................................
Mr TJ Martin
Director

.........................................
Miss N J Ingram
Company secretary and director

 

Context Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG
United Kingdom

The principal place of business is:
Tower House
The Square
Talgarth
Powys
LD3 0BW

These financial statements were authorised for issue by the Board on 3 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded up to the nearest £1.

Revenue recognition

Turnover represents the net value of goods and services provided, in respect of historic artefact and building repairs, conservation and restoration and is recorded at the value of the consideration due. Where a contract has only partially completed at the balance sheet date, turnover represents the value of services provided to date based on a proportion of the total expected consideration at completion.

Tax

The tax expense for the period comprises of current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

 

Context Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold property improvements

10% on cost

Office equipment

33% on cost

Plant and machinery

33% on cost

Computer equipment

33% on cost

Motor vehicles

25% on cost

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Context Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

20,271

19,706

 

Context Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

30,000

30,000

At 31 March 2025

30,000

30,000

Amortisation

At 1 April 2024

30,000

30,000

At 31 March 2025

30,000

30,000

Carrying amount

At 31 March 2025

-

-

6

Tangible assets

Short leasehold property improvements
£

Office equipment
£

Plant and machinery
£

Computer equipment
£

Cost or valuation

At 1 April 2024

40,618

4,287

30,591

7,985

Additions

-

-

1,480

248

At 31 March 2025

40,618

4,287

32,071

8,233

Depreciation

At 1 April 2024

32,495

4,287

28,965

6,461

Charge for the year

4,061

-

1,583

833

At 31 March 2025

36,556

4,287

30,548

7,294

Carrying amount

At 31 March 2025

4,062

-

1,523

939

At 31 March 2024

8,123

-

1,626

1,524

 

Context Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

106,442

189,923

Additions

-

1,728

At 31 March 2025

106,442

191,651

Depreciation

At 1 April 2024

92,648

164,856

Charge for the year

13,794

20,271

At 31 March 2025

106,442

185,127

Carrying amount

At 31 March 2025

-

6,524

At 31 March 2024

13,794

25,067

7

Debtors

Current

2025
£

2024
£

Trade debtors

43,150

36,954

Prepayments

4,624

3,957

 

47,774

40,911

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

708

2,275

Taxation and social security

15,682

35,488

Accruals and deferred income

7,177

43,902

Other creditors

32,602

21,396

56,169

103,061