| REGISTERED NUMBER: |
| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| C.J.L. CONSTRUCTION LIMITED |
| REGISTERED NUMBER: |
| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| C.J.L. CONSTRUCTION LIMITED |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Strategic Report | 2 |
| Report of the Directors | 4 |
| Report of the Independent Auditors | 8 |
| Income Statement | 12 |
| Other Comprehensive Income | 13 |
| Balance Sheet | 14 |
| Statement of Changes in Equity | 15 |
| Notes to the Financial Statements | 16 |
| C.J.L. CONSTRUCTION LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Boyce's Building |
| 40-42 Regent Street |
| Clifton |
| Bristol |
| BS8 4HU |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| The directors present their strategic report for the year ended 30 September 2024. |
| This strategic report forms part of the company's annual accounts and reports. A person entitled to receive a full copy of the company's annual accounts and reports can obtain them by contacting Mr C J Lomas using the contact details given on the company's website: www.cjlconstruction.com. |
| REVIEW OF BUSINESS |
| Our company operates in the construction industry which comprises building, contracting and civil engineering. 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 company 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 company as a whole. These are as follows: |
| 2024 | 2023 | 2022 |
| £ | £ | £ |
| Sales | 47,504,780 | 61,317,759 | 65,903,332 |
| Gross Profit | 4,103,914 | 9,521,425 | 10,096,985 |
| Profit Before Tax | 512,087 | 6,119,722 | 6,841,930 |
| Profit After Tax | 1,298,982 | 5,411,191 | 5,584,494 |
| Net Assets | 40,686,747 | 41,387,765 | 37,976,574 |
| Liquidity % | 670 | 628 | 438 |
| There has continued to be pressures from both customers and suppliers on prices as the construction industry continues its recovery from the difficulties in recent years. However, the company'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 decline in revenue and profitability was reflective of the market generally. The company has continued its commitment to retaining reserves within the company to help ensure that it has adequate liquid resources for future investment and a strong enough net assets position to remain financially viable for a long term future. Following a more financially difficult year, this policy of remaining financially strong means that we continue to be well placed for the future. |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| As for many businesses of our size operating in the construction industry, the business environment in which we operate continues to be challenging due to the continued uncertainty of the economy and still relatively low levels of mortgage lending. However, these do appear to have improved over the last few years. With these risks and uncertainties in mind, we are aware that any plans for the future development of the business could be subject to unforeseen future events outside our control. |
| The financial stability of our major customers is crucial to the financial stability of our company 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. |
| Another factor that ensures financial stability of the company is the collection of retentions from customers as they fall due. The company has procedures in place to ensure these are recovered. |
| Labour requirements and operational overheads are reviewed and monitored constantly and carefully. Management accounts 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 company 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. |
| FUTURE DEVELOPMENTS |
| The company 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 company is well placed to manage its business risks successfully. |
| The directors believe that the company 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 and 8 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: |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| The directors present their report with the financial statements of the company for the year ended 30 September 2024. |
| DIVIDENDS |
| An interim dividend of £ |
| The total distribution of dividends for the year ended 30 September 2024 will be £ |
| FUTURE DEVELOPMENTS |
| The company'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 company and its cash flows are described in the financial statements. The company 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 company is well placed to manage its business risks successfully despite the current uncertain economic outlook. |
| The directors have a reasonable expectation that the company 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. |
| CHARITABLE DONATIONS |
| During the year the company made the following charitable donations: |
| £ |
| The Christopher Lomas Charitable Trust | 100,000 |
| Other sundry donations | 2079 |
| 102,079 |
| EMPLOYMENT OF DISABLED PERSONS |
| The company 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 company, where possible, to give sympathetic consideration to disabled persons in their application for employment with the company and to protect the interests of existing members of the staff who are disabled. |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| EMPLOYEE INVOLVEMENT |
| It is the policy of the company to encourage and develop all members of staff to realise their maximum potential. Wherever possible, vacancies are filled from within the company and adequate opportunities for internal promotion are created. The company 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 company’s success. |
| 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 |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 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 |
| 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 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 of the profit or loss of the company 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. |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES - continued |
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company's auditors are aware of that information. |
| 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 |
| C.J.L. CONSTRUCTION LIMITED |
| Opinion |
| We have audited the financial statements of C.J.L. Construction Limited (the 'company') for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 company's affairs as at 30 September 2024 and of its 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 company 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 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. |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the 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. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| C.J.L. CONSTRUCTION LIMITED |
| 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the 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 company 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. |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on pages six and seven, 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 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 company or to cease operations, or have no realistic alternative but to do so. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| C.J.L. CONSTRUCTION LIMITED |
| 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 audit procedures responsive to those risks. This includes assessing the risk of non-compliance of 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 any known or suspected instances of fraud and non-compliance |
| - Discussions with those responsible for Health & Safety matters for the company and obtaining an understanding or responses to those risks |
| - Reviewing transactions to identify those that appear outside the normal course of business |
| - Challenging assumptions and judgements made by management in their significant accounting estimates. |
| We also consider the 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 |
| C.J.L. CONSTRUCTION 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 |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| INCOME STATEMENT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 5 |
| Interest receivable and similar income |
| PROFIT BEFORE TAXATION |
| Tax on profit | 6 |
| PROFIT FOR THE FINANCIAL YEAR |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| OTHER COMPREHENSIVE INCOME |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ |
| PROFIT FOR THE YEAR |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 8 |
| CURRENT ASSETS |
| Stocks | 9 |
| Debtors | 10 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 11 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 13 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 14 |
| Retained earnings | 15 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| 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 |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | GENERAL INFORMATION |
| A description of the nature of the company's operations and principal activities is provided in the Strategic Report on page 2. |
| The company is a private company limited by shares. Details of the 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 |
| C.J.L. Construction Limited is a |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| All figures shown within the financial statements are in pounds sterling. |
| Financial Reporting Standard 102 - reduced disclosure exemptions |
| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": |
| • | the requirements of Section 7 Statement of Cash Flows; |
| • | the requirement of paragraph 3.17(d). |
| Copies of the CJL Holdings (SW) Limited consolidated financial statements can be obtained by contacting Mr C J Lomas at Woodland Court, Sandford, Winscombe, Bristol BS25 5QP. |
| 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. |
| Tangible fixed assets |
| Plant and machinery | - |
| Office equipment | - |
| Motor vehicles | - |
| Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 3. | ACCOUNTING POLICIES - continued |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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 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. |
| Taxation |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. |
| 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. |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| NOTES TO THE 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 Company if: |
| (i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the Company or exercise significant influence over the company in making financial and operating policy decisions, or has joint control over the Company; |
| (ii) the Company and the party are subject to common control; |
| (iii) the party is an associate of the Company or a joint venture in which the Company is a venturer; |
| (iv) the party is a member of key management personnel of the Company or the Company's parent, 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 Company or of any entity that is a related party of the Company; or |
| (vii) the party, or any member of a group of which it is part, provides key management personnel services to the company 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 Company in an independently administered fund. |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 4. | EMPLOYEES AND DIRECTORS |
| 30.9.24 | 30.9.23 |
| £ | £ |
Wages and salaries | 12,048,601 | 12,065,98 5 |
| Social security costs | 849,126 | 1,355,728 |
| Pension costs | 205,726 | 135,573 |
| The average monthly number of employees during the year was as follows: |
| 30.9.24 | 30.9.23 |
| Site staff | 198 | 224 |
| Administration staff | 33 | 28 |
| 231 | 252 |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Directors' remuneration |
| The total value of benefits in kind received by the directors amounted to £64,024 (2023: £58,757). |
| 5. | OPERATING PROFIT |
| The operating profit is stated after charging/(crediting): |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Depreciation - owned assets |
| Profit on disposal of fixed assets | ( |
) | ( |
) |
| Auditors' remuneration |
| Auditors' remuneration for non audit work |
| 6. | 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 | ( |
) |
| Deferred tax |
| Tax on profit |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 7. | DIVIDENDS |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Ordinary shares of £1 each |
| Interim |
| 8. | TANGIBLE FIXED ASSETS |
| Plant and | Office | Motor |
| machinery | equipment | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 October 2023 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 9. | STOCKS |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Raw materials and consumables |
| 10. | DEBTORS |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 10. | DEBTORS - continued |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Amounts falling due after more than one year: |
| Trade debtors |
| Aggregate amounts |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| 12. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| Total operating lease charges of £186,384 (2023: £186,384) have been expensed to the profit and loss account for the year. |
| 13. | PROVISIONS FOR LIABILITIES |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2023 |
| Depreciation in excess of | 533,943 |
| capital allowances |
| Balance at 30 September 2024 |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 14. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| There is a single class of ordinary shares. All shares have full voting rights, are entitled to dividends and a distribution on wind up. |
| 15. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 October 2023 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 September 2024 |
| 16. | ULTIMATE PARENT COMPANY |
| CJL Holdings (SW) Limited is regarded by the directors as being the company's ultimate parent company. |
| 17. | RELATED PARTY DISCLOSURES |
| The directors, Mr C J Lomas and Mrs H M L Lomas, maintain an interest free loan account with the company which is repayable on demand. At the balance sheet date, the company owed £1,081,385 (2023 £1,880,796) to the directors. |
| During the year the company paid rent totalling £186,384 (2023: £186,384) to the directors for use of properties owned jointly by them. |
| During the year the company 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. |
| During the year the company paid dividends totalling £2,000,000 (2023- £2,000,000) to CJL Holdings (SW) Limited, the company's parent. |
| 18. | ULTIMATE CONTROLLING PARTY |
| Mr C J Lomas, who owns 100% of the share capital of the parent company CJL Holdings (SW) Limited, has ultimate control of the company. |
| C.J.L. CONSTRUCTION LIMITED (REGISTERED NUMBER: 01776666) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 19. | RETIREMENT BENEFITS |
| Employer pension costs for the year amounted to £205,726 (2023 - £135,573) and these have been expensed to the profit and loss account. |
| Included within creditors is a balance of £29,967 (2023 - £75,679) relating to pension contributions payable. |