REGISTERED NUMBER: 04606718 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DAVE COTTLE CIVIL ENGINEERING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A W Cottle

Mr P W Cottle

REGISTERED OFFICE:

Civils House

Davy Way

Llay Industrial Estate

Llay

Wrexham

LL12 0PG

REGISTERED NUMBER:

04606718 (England and Wales)

AUDITORS:

Livesey Spottiswood Ltd

Chartered Accountants and

Statutory Auditors

17 George Street

St Helens

Merseyside

WA10 1DB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

30,255

38,952

30,255

38,952

CURRENT ASSETS

Stocks

49,676

115,537

Debtors

3,911,245

1,927,187

Cash at bank and in hand

818,741

1,156,825

4,779,662

3,199,549

CREDITORS

Amounts falling due within one year

(2,967,827

)

(1,458,302

)

NET CURRENT ASSETS

1,811,835

1,741,247

TOTAL ASSETS LESS CURRENT LIABILITIES

1,842,090

1,780,199

CREDITORS

Amounts falling due after more than one year

(9,709

)

(19,921

)

PROVISIONS FOR LIABILITIES

(6,000

)

(7,750

)

NET ASSETS

1,826,381

1,752,528

CAPITAL AND RESERVES

Called up share capital

8

300

300

Retained earnings

1,826,081

1,752,228

SHAREHOLDERS' FUNDS

1,826,381

1,752,528

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr P W Cottle - Director

1.	STATUTORY INFORMATION

Dave Cottle Civil Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies as set out below, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Management consider that the following have the most significant effect on the amounts recognised in the financial statements:

Financial outcome of individual contracts - All long term contracts are reviewed on a monthly basis, with particular attention to contract stage of completion, costs to date and costs still to be incurred. Movement in margin is recognised when prudent to do so but immediately in the event there is a foreseeable loss.

Turnover

Turnover is wholly in respect of construction contracts and is measured at the fair value of the consideration received or receivable net of VAT and discounts. Where the outcome of a construction contract can be estimated reliably, turnover is recognised on the work carried out in the period. Amounts recoverable on these contracts are included within trade debtors. Payments on account in respect of contracts are included within creditors.

When it is probable that the contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life.

Tangible fixed assets

Tangible fixed asset are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery

- 25% on reducing balance

Fixtures and fittings

- 15% on reducing balance

Computer equipment

- Straight line over 3 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

Cost comprises land and those materials not yet used in construction contracts. Cost is calculated on a first in first out basis. Provision is made for damaged, obsolete and slow moving stock where appropriate.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

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

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases. Assets acquired under finance leases and hire purchase contracts car capitalised as tangible fixed assets and depreciated on accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future periods, are included within creditors. Finance costs are charged against profits on a straight line basis over the periods of the contracts.

Employee benefits

When employees have rendered services to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transition price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Related parties

For the purposes of these financial statements, a party is considered to be related to the company if:

1. 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 decisions, or has joint control over the company;

2. the company and the party are subject to common control;

3. the party is an associate of the company or a joint venture in which the company is a venturer;

4. the party is a member of key management personnel of the company or the company's parent, or close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

5. the party is a close family member of a party referred to in (1) or is an entity under the control, joint control or significant influence of such individuals; or

6. 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

170,000

AMORTISATION

At 1 January 2024

and 31 December 2024

170,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

101,281

DEPRECIATION

At 1 January 2024

62,329

Charge for year

8,697

At 31 December 2024

71,026

NET BOOK VALUE

At 31 December 2024

30,255

At 31 December 2023

38,952

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

44,373

37,852

Between one and five years

27,275

57,128

71,648

94,980

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loan

19,909

29,921

The bank loan is secured by a fixed and floating charge over the assets of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

300

Ordinary

£1

300

300

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew McMinnis FCA FCCA (Senior Statutory Auditor)

for and on behalf of Livesey Spottiswood Ltd

10.	CONTINGENT LIABILITIES

The company is party to an inter-company bank guarantee with other group companies. The net indebtedness of other group companies at 31 December 2024 was £Nil (2023 - £Nil).

11.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is Dave Cottle Holdings Limited. The registered office of Dave Cottle Holdings Limited is Civils House, Davy Way, Llay Industrial Estate, Llay, Wrexham, LL12 0PG.

The ultimate controlling parties are the directors, Mr A W Cottle and Mr P W Cottle and their families.