| TUSKAR CONSTRUCTION SERVICES LTD |
| Registered number: |
03294000 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
|
|
|
|
£ |
|
|
£ |
| FIXED ASSETS |
| Tangible assets |
3 |
|
|
987,387 |
|
|
961,295 |
|
| CURRENT ASSETS |
| Debtors |
4 |
|
128,349 |
|
|
701,820 |
| Cash at bank and in hand |
|
|
693,239 |
|
|
161,918 |
|
|
|
821,588 |
|
|
863,738 |
| CREDITORS: amounts falling due within one year |
5 |
|
(33,855) |
|
|
(74,963) |
|
| NET CURRENT ASSETS |
|
|
|
787,733 |
|
|
788,775 |
|
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
1,775,120 |
|
|
1,750,070 |
|
| Provisions for liabilities |
|
|
|
(65,102) |
|
|
(58,579) |
|
| NET ASSETS |
|
|
|
£1,710,018 |
|
|
£1,691,491 |
|
|
|
|
|
|
|
|
| CAPITAL AND RESERVES |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Fair value reserve |
6 |
|
|
286,590 |
|
|
269,340 |
| Profit and loss account |
|
|
|
1,423,418 |
|
|
1,422,141 |
|
| SHAREHOLDERS' FUNDS |
|
|
|
£1,710,018 |
|
|
£1,691,491 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account is not delivered to Companies House. |
|
|
| Mr J G Murphy |
| Director |
| Approved by the board on 14 October 2025 |
|
| TUSKAR CONSTRUCTION SERVICES LTD |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
| 1 |
ACCOUNTING POLICIES |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover from the sale of any goods is recognised when goods are delivered and legal title has passed. |
|
|
Tangible fixed assets |
|
Investment property is valued by the directors on an open market basis and a fair value is arrived at with reference to a house price index relating to the appropriate region. Changes in valuation are included in the profit and loss account and deferred tax is provided in accordance with the Financial Reporting Standard. Non distributable reserves that arise from changes in valuation after related tax provisions are transferred to the fair value reserve. Tangible assets other than Investment property are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Owned equipment etc. |
15% on a reducing balance basis |
|
Motor vehicles |
25% on a reducing balance basis |
|
|
Deferred Taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on a non-discounted basis at the tax rates which are expected to apply in the periods when the timing differences are expected to reverse. |
|
|
Pensions |
|
Contributions to defined contribution plans are charged to the profit and loss account in the period in which they are paid. |
|
|
| 2 |
EMPLOYEES |
2024 |
|
2023 |
|
|
|
|
|
|
Number |
|
Number |
|
|
Average number of persons employed by the company |
- |
|
4 |
|
(excluding directors with no specific service contract) |
|
| TUSKAR CONSTRUCTION SERVICES LTD |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
| 3 |
TANGIBLE FIXED ASSETS |
|
|
Investment Property |
|
Equipment |
|
Motor vehicles |
|
Total |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
Cost |
|
At 1 January 2024 |
946,000 |
|
34,067 |
|
35,640 |
|
1,015,707 |
|
Additions |
- |
|
7,688 |
|
- |
|
7,688 |
|
Surplus on revaluation |
23,000 |
|
- |
|
- |
|
23,000 |
|
At 31 December 2024 |
969,000 |
|
41,755 |
|
35,640 |
|
1,046,395 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
- |
|
30,258 |
|
24,154 |
|
54,412 |
|
Charge for the year |
- |
|
1,725 |
|
2,871 |
|
4,596 |
|
At 31 December 2024 |
- |
|
31,983 |
|
27,025 |
|
59,008 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
£ 969,000 |
|
£ 9,772 |
|
£ 8,615 |
|
£ 987,387 |
|
At 31 December 2023 |
£ 946,000 |
|
£ 3,809 |
|
£ 11,486 |
|
£ 961,295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
2023 |
|
Freehold land and buildings: |
£ |
|
£ |
|
|
Historical cost |
621,905 |
|
621,905 |
|
|
|
|
|
|
£ 621,905 |
|
£ 621,905 |
|
|
The fair value of investment property is £969,000 and a surplus on revaluation of £23,000 |
|
has been included in the profit and loss account (2023 - deficit of £36,000). |
|
| 4 |
DEBTORS |
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Trade debtors |
14,141 |
|
- |
|
Amounts recoverable on contracts |
58,807 |
|
34,897 |
|
Directors' loans |
|
|
|
|
30,715 |
|
662,273 |
|
Other debtors |
24,686 |
|
4,650 |
|
|
|
|
|
|
£ 128,349 |
|
£ 701,820 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
£ 10,366 |
|
£ 716 |
|
| TUSKAR CONSTRUCTION SERVICES LTD |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
| 5 |
CREDITORS: amounts falling due within one year |
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Trade creditors |
11,535 |
|
18,979 |
|
Corporation tax |
20,601 |
|
49,735 |
|
Other taxes and social security costs |
94 |
|
4,533 |
|
Other creditors |
1,625 |
|
1,716 |
|
|
|
|
|
|
£ 33,855 |
|
£ 74,963 |
|
|
|
|
|
|
|
|
|
|
| 6 |
FAIR VALUE RESERVE FOR INVESTMENT PROPERTY |
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
At 1 January 2024 |
269,340 |
|
311,641 |
|
Transfers from/(to) profit and loss account |
17,250 |
|
(42,301) |
|
|
At 31 December 2024 |
£ 286,590 |
|
£ 269,340 |
|
|
|
|
|
|
|
|
|
|
| 7 |
LOANS TO DIRECTORS |
|
Description and conditions |
B/fwd |
|
Paid |
|
Repaid |
|
C/fwd |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
Mr J G Murphy |
|
Director's loan with interest charged at rates applied to beneficial loans for tax purposes |
662,273 |
|
10,638 |
|
(642,196) |
|
30,715 |
|
|
|
£ 662,273 |
|
£ 10,638 |
|
£ (642,196) |
|
£ 30,715 |
|
|
|
|
|
|
|
|
|
|
| 8 |
CONTROLLING PARTY |
|
|
At the date of approval of these financial statements Mr J G Murphy controls the company by virtue of his holding 60% of the issued share capital. |
|