Foster Construction (SW) Ltd 06545869 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is construction of agricultural buildings and engineering work. Digita Accounts Production Advanced 6.30.9574.0 true 06545869 2024-04-01 2025-03-31 06545869 2025-03-31 06545869 core:RetainedEarningsAccumulatedLosses 2025-03-31 06545869 core:ShareCapital 2025-03-31 06545869 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06545869 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 06545869 bus:SmallEntities 2024-04-01 2025-03-31 06545869 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06545869 bus:FullAccounts 2024-04-01 2025-03-31 06545869 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06545869 bus:RegisteredOffice 2024-04-01 2025-03-31 06545869 bus:Director1 2024-04-01 2025-03-31 06545869 bus:Director1 1 2024-04-01 2025-03-31 06545869 bus:Director2 2024-04-01 2025-03-31 06545869 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06545869 core:Goodwill 2024-04-01 2025-03-31 06545869 core:LeaseholdImprovements 2024-04-01 2025-03-31 06545869 core:MotorVehicles 2024-04-01 2025-03-31 06545869 core:PlantMachinery 2024-04-01 2025-03-31 06545869 countries:AllCountries 2024-04-01 2025-03-31 06545869 2024-03-31 06545869 2023-04-01 2024-03-31 06545869 2024-03-31 06545869 core:RetainedEarningsAccumulatedLosses 2024-03-31 06545869 core:ShareCapital 2024-03-31 06545869 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06545869 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 06545869

Foster Construction (SW) Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

Foster Construction (SW) Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Foster Construction (SW) Ltd

(Registration number: 06545869)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

13,750

16,250

Tangible assets

5

208,140

256,651

 

221,890

272,901

Current assets

 

Stocks

106,000

155,000

Debtors

174,399

230,780

Cash at bank and in hand

 

370,979

368,964

 

651,378

754,744

Creditors: Amounts falling due within one year

(392,359)

(649,871)

Net current assets

 

259,019

104,873

Total assets less current liabilities

 

480,909

377,774

Creditors: Amounts falling due after more than one year

-

(5,747)

Provisions for liabilities

(52,035)

(64,164)

Net assets

 

428,874

307,863

Capital and reserves

 

Called up share capital

80

80

Profit and loss account

428,794

307,783

Total equity

 

428,874

307,863

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.

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Foster Construction (SW) Ltd

(Registration number: 06545869)
Abridged Balance Sheet as at 31 March 2025

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 22 August 2025 and signed on its behalf by:
 

Mr R Foster

Director

Mr J Wharmby

Director

 

Foster Construction (SW) Ltd

Notes to the Unaudited Abridged 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 & Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU
Somerset

The principal place of business is:
109 Currypool Lane
Cannington
Bridgwater
Somerset
TA5 2NH

These financial statements were authorised for issue by the Board on 22 August 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Leasehold improvements

Lifetime of lease

Motor vehicles

25% / 33% straight line

Plant and machinery

20% straight line

 

Foster Construction (SW) Ltd

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

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

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

5% straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 11).

 

Foster Construction (SW) Ltd

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

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2024

50,000

At 31 March 2025

50,000

Amortisation

At 1 April 2024

33,750

Amortisation charge

2,500

At 31 March 2025

36,250

Carrying amount

At 31 March 2025

13,750

At 31 March 2024

16,250

5

Tangible assets

Total
£

Cost or valuation

At 1 April 2024

873,176

Additions

80,927

Disposals

(30,797)

At 31 March 2025

923,306

Depreciation

At 1 April 2024

616,525

Charge for the year

129,438

Eliminated on disposal

(30,797)

At 31 March 2025

715,166

Carrying amount

At 31 March 2025

208,140

At 31 March 2024

256,651

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £20,000).

 

Foster Construction (SW) Ltd

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

7

Related party transactions

Advances to directors


Mr R Foster

During the period Mr R Foster went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £74,268 (2024 - £32,764). At the year end the amount outstanding from Mr R Foster was £18,276 (2024 - £32,764). Interest has been charged at the commercial rate.