| REGISTERED NUMBER: 09623492 (England and Wales) |
| GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |
| CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| CJL HOLDINGS (SW) LIMITED |
| REGISTERED NUMBER: 09623492 (England and Wales) |
| GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |
| CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| CJL HOLDINGS (SW) LIMITED |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Group Strategic Report | 2 |
| Report of the Directors | 6 |
| Report of the Independent Auditors | 10 |
| Consolidated Income Statement | 14 |
| Consolidated Other Comprehensive Income | 15 |
| Consolidated Balance Sheet | 16 |
| Company Balance Sheet | 17 |
| Consolidated Statement of Changes in Equity | 18 |
| Company Statement of Changes in Equity | 19 |
| Consolidated Cash Flow Statement | 20 |
| Notes to the Consolidated Cash Flow Statement |
21 |
| Notes to the Consolidated Financial Statements | 22 |
| CJL HOLDINGS (SW) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
P A Freeman BA FCCA FCA |
| AUDITORS: |
| Boyce's Building |
| 40-42 Regent Street |
| Clifton |
| Bristol |
| BS8 4HU |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| The directors present their strategic report of the company and the group for the year ended 30 September 2024. |
| This strategic report forms only part of the group's annual accounts and reports. A person entitled to receive a full copy of the group's annual accounts and reports can obtain them by contacting Mr C J Lomas using the contact details given on the following website: www.cjlconstruction.com. |
| REVIEW OF BUSINESS |
| Our group operates in the construction industry which comprises building, contracting, civil engineering, plant hire and operating landfill sites. The majority of our work relates to providing services to major homebuilders in the South West of England. |
| As directors, we aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business. |
| The group continues to operate in the construction industry and we consider our key financial performance indicators to be those which communicate the performance and strength of the group as a whole. These are as follows: |
| 2024 | 2023 | 2022 |
| £ | £ | £ |
| Sales | 53,654,697 | 65,273,668 | 70,651,784 |
| Gross Profit | 7,175,493 | 11,109,022 | 12,024,690 |
| Profit Before Tax | 4,437,926 | 7,189,668 | 8,127,649 |
| Profit After Tax | 3,477,463 | 5,578,177 | 6,638,292 |
| Net Assets | 58,878,709 | 57,401,246 | 53,823,069 |
| Liquidity % | 689.24 | 607.15 | 444.74 |
| There has continued to be pressures from both customers and suppliers on prices. However, the group's aim of providing a market leading service to its customers has helped to ensure that it remains financially steady and able to react to both customer and supplier demands. |
| A constant review of processes coupled with increased use of technology has helped to maintain a high level of service to customers and limit the impact on margins. |
| The group has continued its commitment to retaining reserves within the group to help ensure that it has adequate liquid resources for future investment and a strong net assets position to remain financially viable for a long term future.This is reflected in its increased liquidity in the current year. |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| As for many businesses, the economy, particularly with inflation, has been challenging during the year and continues to be so. However, the group has adapted to the conditions and continued to trade successfully. With the financial strength we have built over the years, the relationships with customers and the positive expectations moving forward, we are well placed to continue managing the economic uncertainty and fast changing environment. |
| The financial stability of our major customers is crucial to the financial stability of our group and this presents a risk outside of our control. To minimise this risk we ensure that we conduct our business within the contractual terms agreed with our customers. We also work closely with our large and frequent customers so that we are aware of their plans for future development. We can then make sure that we provide a cost effective and efficient service to them. |
| The collection of retentions from customers as they fall due continues to be a risk. However, the group has procedures in place to ensure these are recovered and so we have encountered no major issues in this respect. |
| Labour requirements and operational overheads are reviewed and monitored constantly and carefully. Management accounts for subsidiaries are also prepared and reviewed on a monthly basis to ensure profits are achieved. |
| Health and Safety is also crucial to the construction industry. The group has a number of procedures in place to ensure the safety of individuals on the construction sites. These include use of Health and Safety examiners, annual audits by the public liability insurance company, a full time Health & Safety manager, a requirement for all appropriate employees to have CSCS cards, monthly site visits from a safety consultancy firm and risk assessments. |
| In addition, compliance with the Environment Agency regulations is crucial, particularly to the landfill sites held by the group. Procedures for ensuring that the regulations are adhered to include the inspection and monitoring of the necessary paperwork by management, quarterly checks by an independent external environmental consultant and annual Environment Agency inspections. |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| SECTION 172(1) STATEMENT |
| Under the Companies Act 2006 s172, a company director must ensure they act in a way they consider, in good faith, to most likely promote the success of the company for the benefit of its members as a whole. In doing so, they must have regard, amongst other matters, to the following: |
| a) the likely consequences of any decision in the long term, |
| b) the interest of the company's employees, |
| c) the need to foster the company's business relationships with suppliers, customers and others, |
| d) the impact of the company's operations on the community and the environment, |
| e) the desirability of the company maintaining a reputation for high standards of business conduct, and |
| f) the need to act fairly as between members of the company. |
| As directors of the Group, and in light of the considerations above, we also consider the interests of local communities surrounding our site locations and the impact our work will have within those local areas. |
| We do this by maintaining an integral role as directors within the day-to-day management of the Group and overseeing financial performance alongside other strategic matters formally on a monthly basis. This includes reviewing business risks, environmental matters, health and safety and other compliance matters. Maintaining a healthy balance sheet, including sufficient cash reserves, also allows us to be in the best position to support the Group's long-term strategies. |
| Maintaining a key role in day-to-day management enables open communication with our employees, which ensures that we maintain our key values. In return, we are fair to employees in terms of support and remuneration and are especially keen to develop and promote internally. Employee welfare is considered by the Management Team with the importance of retaining staff a priority. |
| As an established Group within the construction industry, we work closely with both our customers and suppliers to ensure successful long-term relationships. This allows us to develop an open line of communication and consider their priorities where possible to maintain and develop supply chain relationships. Subsequently, this allows us to deliver a quality service in a timely manner, through established connections. |
| Across our construction sites we engage with relevant stakeholders but most notably with our customers and government agencies to ensure that measures are taken to help minimise the impact of our activities and, where possible, to enhance the environment for local residents. |
| Maintaining the reputation of the Group is of high importance to the directors and so we promote a professional, honest and open attitude throughout our work. The directors ensure appropriate action is taken where employee actions fall below the standards expected of them. |
| The management continue to consider stakeholder needs throughout decision-making processes and effective communication across the board ensures this. However, it must be noted that there are occasions where it is not always possible to fully align all stakeholder needs and a pragmatic approach is adopted. |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FUTURE DEVELOPMENTS |
| The group has sufficient financial resources together with numerous contracts in place at the year end with a number of customers. As a result, the directors believe the group is well placed to manage its business risks successfully. |
| The directors believe that the group has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
| UNQUALIFIED ACCOUNTS |
| The auditor's report on pages 7 to 9 gives an unqualified opinion on the annual accounts. As required by Companies Act 2006 section 496, the auditor's report also provides an unqualified opinion confirming specifically that the information given in the strategic report and the directors' report is consistent with the accounts. |
| ON BEHALF OF THE BOARD: |
| 24 June 2025 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024. |
| DIVIDENDS |
| The total distribution of dividends for the year ended 30 September 2024 will be £2,000,000. |
| FUTURE DEVELOPMENTS |
| The group's business activities, together with the factors likely to affect its future development, performance and position are set out in the Business Review. The financial position of the group and its cash flows are described in the financial statements. The group has sufficient financial resources together with numerous contracts in place at the year end with a number of customers. As a result, the directors believe the group is well placed to manage its business risks successfully despite the current uncertain economic outlook. |
| The directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report. |
| POLITICAL DONATIONS AND EXPENDITURE |
| During the year the group made the following charitable donations: |
| £ |
| The Christopher Lomas Charitable Trust | 100,000 |
| Other sundry donations | 2,079 |
| 102,079 |
| EMPLOYMENT OF DISABLED PERSONS |
| The group supports the principle of equal opportunities in employment and opposes all forms of unlawful or unfair discrimination on the grounds of race, age, nationality, religion, ethnic or national origin, sexual orientation, gender or gender reassignment, marital status or disability. It is also the policy of the group, where possible, to give sympathetic consideration to disabled persons in their application for employment with the group and to protect the interests of existing members of the staff who are disabled. |
| EMPLOYEE INVOLVEMENT |
| It is the policy of the group to encourage and develop all members of staff to realise their maximum potential. Wherever possible, vacancies are filled from within the group and adequate opportunities for internal promotion are created. The group is committed to a systematic training policy and has a comprehensive training and development programme creating the opportunity for employees to maintain and improve their performance and to develop their potential to a maximum level of attainment. In this way, staff will make their best possible contribution to the group's success. |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| STREAMLINED ENERGY AND CARBON REPORTING |
| 1. UK Energy Use and GHG Emissions |
| The tables and graphs below detail the energy used by CJL Construction Ltd in their business activities involving the combustion of gas and fuels, the purchase of electricity and business mileage in both kWh and tCO2e. They also detail the total energy and emissions by scope and as a total. |
Type of activity |
Energy Usage |
Measurement Unit |
GHG Emissions |
Measurement Unit |
| Grid Electricity | 31,743 | kWh | 7 | t CO2e |
| Heating Kerosene |
12,353 |
kWh |
3 |
t CO2e |
| Site Diesel | 10,985,530 | kWh | 2,626 | t CO2e |
| Fleet | 2,168,414 | kWh | 510 | t CO2e |
| Grey Fleet | 1,395,825 | kWh | 353 | t CO2e |
| Total | 14,593,865 | kWh | 3,499 | t CO2e |
Scope |
Energy Usage |
Measurement Unit |
GHG Emissions |
Measurement Unit |
| Scope 1 | 15,214,011 | kWh | 3,139 | t CO2e |
| Scope 2 | 32,126 | kWh | 7 | t CO2e |
| Scope 3 | 1,136,305 | kWh | 353 | t CO2e |
| Total | 16,382,442 | kWh | 3,499 | t CO2e |
| Total GHG Emissions for the reporting period | 3499.00 | t CO2e |
| 2. Intensity Ratio |
| To convert absolute emissions to an emissions intensity metric, CJL Construction Ltd have calculated emissions per a relevant unit of measure. |
| An intensity ratio is a way of defining CJL Construction Ltd emissions data in relation to an appropriate business metric, such as tonnes of CO2e per sales revenue, or tonnes of CO2e per total square metres of floor space. This allows comparison of energy efficiency performance over time and with other similar types of organisations. |
| SECR Intensity ratios are calculated by dividing CJL Construction Ltd emissions by its organisation-specific metric. |
| In this instance the intensity ratio used for CJL Construction Ltd is £M Turnover for the reporting period |
| Normalising Metric |
Turnover |
£47.5m |
Intensity Ratio FY 2023-24 |
73.66 |
t CO2e / £m |
| 3. Principal Energy Efficiency Actions |
| CJL Construction Ltd continue to strive for energy and carbon reduction arising from their activities. Although no specific Principal Energy Efficiency Actions were taken during this year, they continue to use more efficient plant and machinery and have undertaken ESOS Phase 3. |
| 4. Methodology |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| The figures quoted within this report and detailed within the evidence pack have been supplied directly from CJL Construction Ltd and include Electricity, Heating Kerosene, Diesel used on construction sites, Transport Fuels, Grey Fleet and Business Mileage. |
| Conversion factors used are taken from the '2024 UK Government's GHG Conversion Factors for Company Reporting' to calculate emissions for Scope 1,2 and 3. |
| Electricity Transmission and Distribution losses have been included within the CO2e figures and are shown as Scope 3 |
| 5. Materiality |
| The data provided for this report by CJL Construction Ltd has been determined as accurate and complete and covers 100% of their activities. |
| No estimations have been used in this report. |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; |
| - | 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information. |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| AUDITORS |
| The auditors, Lawes & Co UK Limited (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| ON BEHALF OF THE BOARD: |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| CJL HOLDINGS (SW) LIMITED |
| Opinion |
| We have audited the financial statements of CJL Holdings (SW) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| CJL HOLDINGS (SW) LIMITED |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the parent company financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of directors' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit. |
| - in the light of the knowledge and understanding of the group and its environment obtained in the course of the audit, we have identified material misstatements in the Strategic Report and the Report of the Directors. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| CJL HOLDINGS (SW) LIMITED |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on page eight, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so. |
| Auditors' responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| We identify and assess the risks of material misstatement in the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks. This includes assessing the risk of non-compliance with laws and regulations, evaluating management incentives and opportunities for fraudulent manipulation of the financial statements and management bias in accounting estimates. |
| Audit procedures performed by the engagement team included, but were not limited to: |
| - enquiries with management including consideration of known or suspected instances of fraud and non-compliance with laws and regulations |
| - reviewing transactions and journal entries to identify those that may appear outside the normal course of business |
| - reviewing and reconciling inter-group balances |
| - challenging assumptions and judgements made by management in their significant accounting estimates, in particular, in relation to provisions, stock values and accruals. |
| We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. |
| In conducting the work above, we continue to apply due care and professional scepticism throughout. However, there are limitations within the procedures outlined above and the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment. |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| CJL HOLDINGS (SW) LIMITED |
| Use of our report |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| Boyce's Building |
| 40-42 Regent Street |
| Clifton |
| Bristol |
| BS8 4HU |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| CONSOLIDATED |
| INCOME STATEMENT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| TURNOVER | 53,654,697 | 65,273,668 |
| Cost of sales | 46,479,204 | 54,164,647 |
| GROSS PROFIT | 7,175,493 | 11,109,021 |
| Administrative expenses | 4,512,475 | 4,644,811 |
| OPERATING PROFIT | 6 | 2,663,018 | 6,464,210 |
| Interest receivable and similar income |
1,326,037 |
871,201 |
| 3,989,055 | 7,335,411 |
| Gain/loss on revaluation of investments |
448,871 |
(145,707 |
) |
| 4,437,926 | 7,189,704 |
| Interest payable and similar expenses |
7 |
- |
36 |
| PROFIT BEFORE TAXATION | 4,437,926 | 7,189,668 |
| Tax on profit | 8 | 960,463 | 1,611,491 |
| PROFIT FOR THE FINANCIAL YEAR |
| Profit attributable to: |
| Owners of the parent | 3,477,463 | 5,578,177 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| CONSOLIDATED |
| OTHER COMPREHENSIVE INCOME |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| PROFIT FOR THE YEAR | 3,477,463 | 5,578,177 |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
3,477,463 |
5,578,177 |
| Total comprehensive income attributable to: |
| Owners of the parent | 3,477,463 | 5,578,177 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| CONSOLIDATED BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 11 | - | - |
| Tangible assets | 12 | 13,161,988 | 10,935,568 |
| Investments | 13 | 10,333,746 | 9,884,875 |
| 23,495,734 | 20,820,443 |
| CURRENT ASSETS |
| Stocks | 14 | 393,821 | 363,193 |
| Debtors | 15 | 13,416,812 | 8,503,218 |
| Cash at bank | 30,632,203 | 37,156,355 |
| 44,442,836 | 46,022,766 |
| CREDITORS |
| Amounts falling due within one year | 16 | 6,448,130 | 7,580,127 |
| NET CURRENT ASSETS | 37,994,706 | 38,442,639 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
61,490,440 |
59,263,082 |
| PROVISIONS FOR LIABILITIES | 18 | 2,611,731 | 1,861,836 |
| NET ASSETS | 58,878,709 | 57,401,246 |
| CAPITAL AND RESERVES |
| Called up share capital | 19 | 100 | 100 |
| Retained earnings | 20 | 58,878,609 | 57,401,146 |
| SHAREHOLDERS' FUNDS | 58,878,709 | 57,401,246 |
| The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by: |
| C J Lomas - Director |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| COMPANY BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 11 |
| Tangible assets | 12 |
| Investments | 13 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 16 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 19 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Company's profit for the financial year |
2,521,509 |
1,890,287 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 October 2022 | 100 | 53,822,969 | 53,823,069 |
| Changes in equity |
| Dividends | - | (2,000,000 | ) | (2,000,000 | ) |
| Total comprehensive income | - | 5,578,177 | 5,578,177 |
| Balance at 30 September 2023 | 100 | 57,401,146 | 57,401,246 |
| Changes in equity |
| Dividends | - | (2,000,000 | ) | (2,000,000 | ) |
| Total comprehensive income | - | 3,477,463 | 3,477,463 |
| Balance at 30 September 2024 | 100 | 58,878,609 | 58,878,709 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| COMPANY STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 October 2022 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 30 September 2023 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 30 September 2024 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| CONSOLIDATED CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 1 | (2,447,334 | ) | 10,169,065 |
| Interest paid | - | (36 | ) |
| Tax paid | (610,504 | ) | (1,080,159 | ) |
| Net cash from operating activities | (3,057,838 | ) | 9,088,870 |
| Cash flows from investing activities |
| Purchase of tangible fixed assets | (5,807,425 | ) | (4,500,094 | ) |
| Sale of tangible fixed assets | 3,015,074 | 2,129,020 |
| Interest received | 1,326,037 | 871,201 |
| Net cash from investing activities | (1,466,314 | ) | (1,499,873 | ) |
| Cash flows from financing activities |
| Equity dividends paid | (2,000,000 | ) | (2,000,000 | ) |
| Net cash from financing activities | (2,000,000 | ) | (2,000,000 | ) |
| (Decrease)/increase in cash and cash equivalents | (6,524,152 | ) | 5,588,997 |
| Cash and cash equivalents at beginning of year |
2 |
37,156,355 |
31,567,358 |
| Cash and cash equivalents at end of year |
2 |
30,632,203 |
37,156,355 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Profit before taxation | 4,437,926 | 7,189,668 |
| Depreciation charges | 2,394,223 | 2,190,870 |
| Profit on disposal of fixed assets | (1,828,051 | ) | (297,888 | ) |
| (Gain)/loss on revaluation of fixed assets | (448,871 | ) | 145,707 |
| Finance costs | - | 36 |
| Finance income | (1,326,037 | ) | (871,201 | ) |
| 3,229,190 | 8,357,192 |
| Increase in stocks | (30,628 | ) | (173,566 | ) |
| (Increase)/decrease in trade and other debtors | (4,913,594 | ) | 4,783,755 |
| Decrease in trade and other creditors | (732,302 | ) | (2,798,316 | ) |
| Cash generated from operations | (2,447,334 | ) | 10,169,065 |
| 2. | CASH AND CASH EQUIVALENTS |
| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts: |
| Year ended 30 September 2024 |
| 30.9.24 | 1.10.23 |
| £ | £ |
| Cash and cash equivalents | 30,632,203 | 37,156,355 |
| Year ended 30 September 2023 |
| 30.9.23 | 1.10.22 |
| £ | £ |
| Cash and cash equivalents | 37,156,355 | 31,567,358 |
| 3. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1.10.23 | Cash flow | At 30.9.24 |
| £ | £ | £ |
| Net cash |
| Cash at bank | 37,156,355 | (6,524,152 | ) | 30,632,203 |
| 37,156,355 | (6,524,152 | ) | 30,632,203 |
| Total | 37,156,355 | (6,524,152 | ) | 30,632,203 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | GENERAL INFORMATION |
| A description of the nature of the group's operations and principal activities is provided in the Strategic Report on page 2. |
| The parent and subsidiaries are all private companies limited by shares. Details of the parent company's country of registration, registered number and registered office address can be found on the Company Information section on page 1. |
| 2. | STATUTORY INFORMATION |
| CJL Holdings (SW) Limited is a |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| All figures shown within the financial statements are in pounds sterling. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue is recognised through the monthly valuations undertaken in accordance with the agreed contract on all active sites. Each valuation reflects all work done to that date. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 3. | ACCOUNTING POLICIES - continued |
| Stocks |
| 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 items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Stocks are recognised as an expense in the period in which the related revenue is recognised. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 3. | ACCOUNTING POLICIES - continued |
| Related parties |
| For the purposes of these financial statements, a party is considered to be related to the group if: |
| (i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the group or exercise significant influence over the group in making financial and operating policy decisions, or has joint control over the group; |
| (ii) the group and the party are subject to common control; |
| (iii) the party is an associate of the group or a joint venture in which the group is a venturer; |
| (iv) the party is a member of key management personnel of the parent or subsidiary, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals; |
| (v) the party is a close family member of a party referred to in (i) or is an entity under the control, joint control or significant influence of such individuals; |
| (vi) the party is a post-employment benefit plan which is for the benefit of employees of the group or of any entity that is a related party of the group; or |
| (vii) the party, or any member of a group of which it is part, provides key management personnel services to the subsidiary or its parent. |
| Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity. |
| Employee benefits |
| Short-term employee benefits are recognised as an expense in the period in which they are incurred. |
| The obligations for contributions to defined contribution scheme are recognised as an expense in the period they are incurred. The assets of the scheme are held separately from those of the group in an independently administered fund. |
| 4. | EMPLOYEES AND DIRECTORS |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Wages and salaries | 14,390,962 | 14,722,719 |
| The average monthly number of employees during the year was as follows: |
| 30.9.24 | 30.9.23 |
| Site staff | 216 | 240 |
| Administration staff | 34 | 31 |
| 250 | 282 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 5. | DIRECTORS' EMOLUMENTS |
| The total value of benefits in kind received by the directors amounted to £64,024 (2023: £58,757). |
| 6. | OPERATING PROFIT |
| The operating profit is stated after charging/(crediting): |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Depreciation - owned assets | 970,271 | 2,190,869 |
| Profit on disposal of fixed assets | (404,340 | ) | (297,888 | ) |
| Auditors' remuneration | 39,100 | 38,100 |
| Auditors' remuneration for non audit work | 88,350 | 90,100 |
| 7. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Corporation tax interest | - | 36 |
| 8. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Current tax: |
| UK corporation tax | 210,567 | 1,330,370 |
| Deferred tax | 749,896 | 281,121 |
| Tax on profit | 960,463 | 1,611,491 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 8. | TAXATION - continued |
| Reconciliation of total tax charge included in profit and loss |
| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Profit before tax | 4,437,926 | 7,189,668 |
| Profit multiplied by the standard rate of corporation tax in the UK of 23.500 % (2023 - 22 %) |
1,042,913 |
1,581,727 |
| Effects of: |
| Expenses not deductible for tax purposes | 1,837 | 9,478 |
| Capital allowances in excess of depreciation | (729,173 | ) | (259,443 | ) |
| Utilisation of tax losses | - | 24,137 |
| Movement in deferred tax | 662,277 | 281,120 |
| Other timing differences | 8,392 | 506 |
| Intercompany fixed asset movements | - | (2,145 | ) |
| Tax adjustments relating to prior periods | (25,783 | ) | (23,889 | ) |
| Total tax charge | 960,463 | 1,611,491 |
| 9. | INDIVIDUAL INCOME STATEMENT |
| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements. |
| 10. | DIVIDENDS |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Ordinary shares of £1 each |
| Interim | 2,000,000 | 2,000,000 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 11. | INTANGIBLE FIXED ASSETS |
| Group |
| Licences |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 | 760,143 |
| AMORTISATION |
| At 1 October 2023 |
| and 30 September 2024 | 760,143 |
| NET BOOK VALUE |
| At 30 September 2024 | - |
| At 30 September 2023 | - |
| Company |
| Licences |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| AMORTISATION |
| At 1 October 2023 |
| and 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 12. | TANGIBLE FIXED ASSETS |
| Group |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2023 | 16,033,930 | 408,570 | 3,069,996 | 300,888 | 19,813,384 |
| Additions | 4,637,369 | 25,787 | 1,062,797 | 81,472 | 5,807,425 |
| Disposals | (2,734,143 | ) | - | (537,668 | ) | - | (3,271,811 | ) |
| At 30 September 2024 | 17,937,156 | 434,357 | 3,595,125 | 382,360 | 22,348,998 |
| DEPRECIATION |
| At 1 October 2023 | 7,041,245 | 240,692 | 1,595,879 | - | 8,877,816 |
| Charge for year | 717,036 | 39,642 | 213,593 | - | 970,271 |
| Eliminated on disposal | (487,840 | ) | - | (173,237 | ) | - | (661,077 | ) |
| At 30 September 2024 | 7,270,441 | 280,334 | 1,636,235 | - | 9,187,010 |
| NET BOOK VALUE |
| At 30 September 2024 | 10,666,715 | 154,023 | 1,958,890 | 382,360 | 13,161,988 |
| At 30 September 2023 | 8,992,685 | 167,878 | 1,474,117 | 300,888 | 10,935,568 |
| 13. | FIXED ASSET INVESTMENTS |
| Group |
| Listed |
| investmen |
| £ |
| COST OR VALUATION |
| At 1 October 2023 | 9,884,875 |
| Share of profit/(loss) | 448,871 |
| At 30 September 2024 | 10,333,746 |
| NET BOOK VALUE |
| At 30 September 2024 | 10,333,746 |
| At 30 September 2023 | 9,884,875 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 13. | FIXED ASSET INVESTMENTS - continued |
| Group |
| Cost or valuation at 30 September 2024 is represented by: |
| Listed |
| investmen |
| £ |
| Valuation in 2022 | 30,582 |
| Valuation in 2023 | (145,707 | ) |
| Valuation in 2024 | 448,871 |
| Cost | 10,000,000 |
| 10,333,746 |
| Company |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2023 | 14,650,040 |
| Share of profit/(loss) | - | 448,871 | 448,871 |
| At 30 September 2024 | 15,098,911 |
| NET BOOK VALUE |
| At 30 September 2024 | 15,098,911 |
| At 30 September 2023 | 14,650,040 |
| Cost or valuation at 30 September 2024 is represented by: |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2022 | - | 30,582 | 30,582 |
| Valuation in 2023 | - | (145,707 | ) | (145,707 | ) |
| Valuation in 2024 | - | 448,871 | 448,871 |
| Cost | 4,765,165 | 10,000,000 | 14,765,165 |
| 4,765,165 | 10,333,746 | 15,098,911 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 13. | FIXED ASSET INVESTMENTS - continued |
| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiaries |
| Registered office: Boyce's Building, 40-42 Regent Street, Clifton, Bristol, BS8 4HU |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| Registered office: Boyce's Building, 40-42 Regent Street, Clifton, Bristol, BS8 4HU |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| 14. | STOCKS |
| Group |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Stocks | 372,516 | 152,516 |
| Work-in-progress | 21,305 | 210,677 |
| 393,821 | 363,193 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 15. | DEBTORS |
| Group |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors | 8,656,214 | 4,617,897 |
| Other debtors | 2,043,398 | 1,648,050 |
| VAT | 161,816 | - |
| Prepayments and accrued income | - | 73,586 |
| 10,861,428 | 6,339,533 |
| Amounts falling due after more than | one year: |
| Trade debtors | 2,555,384 | 2,163,685 |
| Aggregate amounts | 13,416,812 | 8,503,218 |
| 16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 30.9.24 | 30.9.23 | 30.9.24 | 30.9.23 |
| £ | £ | £ | £ |
| Trade creditors | 3,743,508 | 3,558,230 |
| Tax | 79,386 | 479,323 |
| Social security and other taxes | 441,851 | 351,714 |
| VAT | - | 50,329 | - | - |
| Other creditors | 1,089,171 | 1,883,039 |
| Accrued expenses | 1,094,214 | 1,257,492 |
| 6,448,130 | 7,580,127 |
| 17. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Group |
| Non-cancellable | operating leases |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Within one year | 206,717 | 206,717 |
| Between one and five years | 310,640 | 497,024 |
| 517,357 | 703,741 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 18. | PROVISIONS FOR LIABILITIES |
| Group |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | 2,611,731 | 1,861,836 |
| Group |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2023 | 1,861,836 |
| Depreciation in excess of |
| capital allowances | 749,895 |
| Balance at 30 September 2024 | 2,611,731 |
| 19. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 20. | RESERVES |
| Group |
| Retained |
| earnings |
| £ |
| At 1 October 2023 | 57,401,146 |
| Profit for the year | 3,477,463 |
| Dividends | (2,000,000 | ) |
| At 30 September 2024 | 58,878,609 |
| CJL HOLDINGS (SW) LIMITED (REGISTERED NUMBER: 09623492) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 21. | RELATED PARTY DISCLOSURES |
| The directors, Mr C J Lomas and Mrs H M L Lomas, maintain an interest free loan account with one of the company's subsidiaries, CJL Construction Limited, which is repayable on demand. At the balance sheet date, CJL Construction Limited owed £1,081,385 (2023: £1,880,796) to the directors. |
| During the year CJL Construction Limited paid rent totalling £186,384 (2023: £186,384) to the directors for use of properties owned jointly by them. |
| During the year CJL Construction Limited made a charitable donation of £100,000 (2023: £100,000) to The Christopher Lomas Charitable Trust, a charity for which the directors act as trustees. |
| 22. | ULTIMATE CONTROLLING PARTY |
| Mr C J Lomas, who owns 100% of the share capital of CJL Holdings (SW) Limited, has ultimate control of the group. |
| 23. | RETIREMENT BENEFITS |
| Employer pension costs for the year amounted to £240,960 (2023: £170,575) and these have been expensed to the profit and loss account. |
| Included within creditors is a balance of £32,525 (2023: £31,936) relating to pension contributions payable. |