| Realtime Civil Engineering Limited |
| Strategic Report |
|
| The directors present the strategic report for the year ended 31 May 2025. |
|
| REVIEW OF BUSINESS |
The company has had a positive year of trading with longstanding clients as well as developing positive relationships with some new clients.
Turnover has increased as noted below, the directors consider that the company has had a successful period of trade and have been able to increase its net asset value by over £270,000.
The company remains focused on delivering complex projects for its client base with a key focus on Health and Safety, sustainability, quality and environmental compliance and improvement.
Inflationary pressure experienced in the wider economy and construction industry has resulted in continuous spikes in labour costs and material increases in some projects. However, the net profit margin before tax has increased in the year and the company maintains a healthy level of liquid funds to enable it to take advantage of new business opportunities as and when they arise. |
|
The Board monitors the Company's performance through the use of a variety of measurements, both financial and non financial in order to maintain effective control over the business. The most important of these are known as key performance indicatiors (KPIs)
Some key financial highlights are as follows: |
|
|
2025 |
2024 |
2023 |
| Turnover |
£23 million |
£16 million |
£13.6 million |
| Turnover movement |
£7 million |
£2.4 million |
(£0.2 million) |
| Gross profit margin |
24.2% |
22.9% |
25.9% |
| Profit before tax |
8% |
2% |
6% |
| Change in net assets |
9% |
9% |
29% |
|
|
| PRINCIPLE RISKS AND UNCERTAINTIES |
| Operational Risk |
|
The Board recognises the risks associated with delivering complex projects for clients. Risk analysis and the management of these risks are monitored throughout all processes, from estimating to project delivery.
Detailed budgets and resourced planning tools are established prior to project commencement and project management software is utilised throughout each element of the project.
Contract conditions are managed throughout the project capturing change, including any loss, expense or time delay. |
|
| Inflationary Risk |
|
| Inflationary risk pressures being experienced globally are having a volatile effect on the construction industry. The industry has seen year on year inflation effecting the vast majority of material costs and continued increase in labour costs. Labour inflation has also been compounded by a shrinking labour force. |
|
| Market & Economy Risk |
|
| Domestic markets and economic conditions are a key factor to construction industry growth and trading opportunities. This year, the company has enjoyed a good level of growth. The business is focused on maintaining existing clients and on delivering high-quality products to ensure repeat opportunities going forward. The company maintains strong liquidity and has the agility to not overextend in a challenging market. |
|
| Liquidity Risk |
|
The company maintains a strong and liquid balance sheet and finances its operations through its cash reserves and trade debtors.
Cashflow forecasts are periodically monitored with work in progress and P&L reporting. |
|
| Health & Safety Failings |
|
The directors are of the belief that the company's main asset is the people that work for it and the recruitment and retention of staff remain a crucial factor in the risks faced by the company.
In order to mitigate the risk that the company is unable to retain or bring in staff, the company has invested in the training and the development of its key personnel and management team so that they are able to adapt to the changing operating environment that the business serves.
The company regards the health and safety of its staff as paramount and something which cannot be compromised. It aims to have a workplace free of incidents and injury and reviews its Health and Safety Policy regularly so that it is compliant with government legislation. |
|
| ON BEHALF OF THE BOARD: |
|
| This report was approved by the board on 9 September 2025 and signed on its behalf. |
|
| D Gallagher |
|
|
| 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 Auditor’s 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 other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| ● |
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements. |
|
| Matters on which we are required to report by exception |
| ● |
enquiring of management and those charged with governance to identify any instances of non-compliance with laws and regulations; |
| ● |
reviewing board meeting minutes for all meetings taking place throughout the year and indeed up until the date of signature of these financial statements; |
| ● |
reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; |
| ● |
reviewing the general ledger in detail for all transactions with related parties; |
| ● |
performing walk through testing to ensure systems and controls are operating as recorded where appropriate; |
| ● |
performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. |
|
| Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. |
|
| As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: |
| ● |
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. |
| ● |
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control. |
| ● |
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. |
| ● |
Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' Report. However, future events or conditions may cause the Company to cease to continue as a going concern. |
| ● |
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. |
|
| We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. |
|
| 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 an auditor's report 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. |
|
|
| Paul O'Rourke FCA |
| (Senior Statutory Auditor) |
Congress House |
| for and on behalf of |
14 Lyon Road |
| Evolve Accounting and Tax Solutions Ltd |
Harrow |
| Statutory Auditor |
Middlesex |
| 9 September 2025 |
HA1 2EN |
|
| Realtime Civil Engineering Limited |
| Statement of Cash Flows |
| for the year ended 31 May 2025 |
|
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Operating activities |
| Profit for the financial year |
1,277,365 |
|
260,290 |
|
| Adjustments for: |
| (Gain)/loss on revaluation of investments |
(36,478) |
|
4,203 |
| Income from investments |
- |
|
- |
| Interest receivable |
(10,790) |
|
(10,052) |
| Interest payable |
17,037 |
|
15,970 |
| Tax on profit on ordinary activities |
512,427 |
|
132,807 |
| Depreciation |
263,041 |
|
190,317 |
| Amounts recoverable on contracts change |
- |
|
(553,716) |
| Increase in stocks |
(101,872) |
|
- |
| Increase in debtors |
(608,965) |
|
(1,448,358) |
| Increase in creditors |
471,801 |
|
202,075 |
|
|
|
1,783,566 |
|
(1,206,464) |
|
| Dividends received |
- |
|
- |
| Interest received |
10,790 |
|
10,052 |
| Interest paid |
|
|
(577) |
|
- |
| Interest element of finance lease payments |
(16,460) |
|
(15,970) |
| Corporation tax paid |
(132,807) |
|
(144,812) |
|
| Cash generated by/(used in) operating activities |
1,644,512 |
|
(1,357,194) |
|
|
|
|
|
|
| Investing activities |
| Payments to acquire intangible fixed assets |
- |
|
- |
| Payments to acquire tangible fixed assets |
(547,757) |
|
(195,503) |
| Payments to acquire investment properties |
- |
|
- |
| Payments to acquire investments |
- |
|
- |
| Proceeds from sale of intangible fixed assets |
- |
|
- |
| Proceeds from sale of tangible fixed assets |
248,800 |
|
45,161 |
| Proceeds from sale of investment properties |
- |
|
- |
| Proceeds from sale of investments |
- |
|
- |
|
| Cash used in investing activities |
(298,957) |
|
(150,342) |
|
|
|
|
|
|
| Financing activities |
| Equity dividends paid |
- |
|
- |
| Proceeds from the issue of shares |
- |
|
- |
| Payments to redeem shares |
- |
|
- |
| Proceeds from new loans |
- |
|
- |
| Decrease/(increase) in group company debtors |
(1,143,102) |
|
1,541,064 |
| Capital element of finance lease payments |
(170,180) |
|
(43,836) |
|
| Cash (used in)/generated by financing activities |
(1,313,282) |
|
1,497,228 |
|
|
|
|
|
|
| Net cash generated/(used) |
| Cash generated by/(used in) operating activities |
1,644,512 |
|
(1,357,194) |
| Cash used in investing activities |
(298,957) |
|
(150,342) |
| Cash (used in)/generated by financing activities |
(1,313,282) |
|
1,497,228 |
|
| Net cash generated/(used) |
32,273 |
|
(10,308) |
|
| Cash and cash equivalents at 1 June |
693,380 |
|
703,688 |
| Cash and cash equivalents at 31 May |
725,653 |
|
693,380 |
|
|
|
|
|
|
| Cash and cash equivalents comprise: |
| Cash at bank |
725,653 |
|
693,380 |
| Bank overdrafts |
11 |
|
- |
|
- |
|
|
|
725,653 |
|
693,380 |
|
|
|
|
|
|
|
| Realtime Civil Engineering Limited |
| Notes to the Accounts |
| for the year ended 31 May 2025 |
|
| 1 |
General information |
|
|
Realtime 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 |
Summary of significant accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. |
|
|
Related party exemption |
|
The company has taken advantage of the 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 |
|
|
Critical accounting judgements and key sources of estimation uncertainty |
|
Estimates and judgements are continually evaluated and are based on historical evidence and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, event or actions, actual results may differ from those estimates |
|
|
In preparing these financial statements, the directors have had to make the following judgements: |
|
- Determine whether there are indicators of impairment to the company's tangible assets. Factors taken into consideration in reaching such a decision include economic viability and expected future financial performance of the asset. |
|
|
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation and maintenance are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values. |
|
|
Turnover |
|
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: |
|
|
Rendering of services |
|
|
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: |
|
|
• the amount of revenue can be measured reliably; |
|
• it is probable that the Company will receive the consideration due under the contract; |
|
• the stage of completion of the contract at the end of the reporting period can be measured
reliably; and |
|
• the costs incurred and the costs to complete the contract can be measured reliably. |
|
|
|
Tangible fixed assets |
|
|
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively, if appropriate, or if there is an indication of a significant change since the last reporting date |
|
Gains and losses on disposals are determined by comparing the sales proceeds with the carrying amount and are recognised in the income statement |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
|
Financial instruments |
|
|
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. |
|
|
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. |
|
|
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
|
|
Basic financial assets |
|
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price. Financial assets claified as receivable within one year are not amortised |
|
|
Cash and cash equivalents |
|
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities |
|
|
Financial liabilities |
|
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. |
|
|
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. Financial liabilities classified as payable within one year are not amortised |
|
|
Hire Purchase and leasing commitments |
|
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter. |
|
|
The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
|
|
Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease. |
|
|
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
|
|
| 3 |
Operating profit |
2025 |
|
2024 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
71,933 |
|
88,592 |
|
Depreciation of assets held under finance leases and hire purchase contracts |
|
135,989 |
|
101,725 |
|
Operating lease rentals - plant and machinery |
54,590 |
|
40,052 |
|
Auditors' remuneration for audit services |
27,500 |
|
25,000 |
|
Loss/(profit) on disposal of fixed assets |
36,478 |
|
4,203 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Directors' Remuneration |
2025 |
|
2024 |
| £ |
£ |
|
|
Directors' remuneration |
293,337 |
|
250,000 |
|
|
|
|
|
|
293,337 |
|
250,000 |
|
|
|
|
|
|
|
|
|
|
|
Information regarding the highest paid director is as follows: |
|
|
Emoluments |
120,000 |
|
120,000 |
|
|
|
|
|
|
120,000 |
|
120,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Employees and Directors |
2025 |
|
2024 |
| £ |
£ |
|
|
Wages and salaries |
1,464,200 |
|
1,388,780 |
|
Social security costs |
31,636 |
|
29,758 |
|
Other pension costs |
230,197 |
|
257,496 |
|
|
|
|
|
|
1,726,033 |
|
1,676,034 |
|
|
|
|
|
|
|
|
|
|
|
Average number of employees during the year |
Number |
Number |
|
|
Administration |
3 |
|
3 |
|
Development |
3 |
|
3 |
|
Logistics |
4 |
|
5 |
|
Marketing & sales |
2 |
|
3 |
|
|
|
|
|
|
12 |
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Interest payable |
2025 |
|
2024 |
| £ |
£ |
|
|
Other loans |
577 |
|
821 |
|
Finance charges payable under finance leases and hire purchase contracts |
|
16,460 |
|
15,970 |
|
|
|
|
|
|
17,037 |
|
16,791 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Taxation |
2025 |
|
2024 |
| £ |
£ |
|
Analysis of charge in period |
|
Current tax: |
|
UK corporation tax on profits of the period |
435,432 |
|
124,856 |
|
Adjustments in respect of previous periods |
- |
|
- |
|
|
|
|
|
|
435,432 |
|
124,856 |
|
|
|
|
|
|
|
|
|
|
Deferred tax: |
76,995 |
|
7,951 |
|
|
Tax on profit on ordinary activities |
512,427 |
|
132,807 |
|
|
|
|
|
|
|
|
|
|
|
Factors affecting tax charge for period |
|
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows: |
|
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
Profit on ordinary activities before tax |
1,789,792 |
|
393,097 |
|
|
|
|
|
|
|
|
|
|
Standard rate of corporation tax in the UK |
25% |
|
25% |
|
| £ |
£ |
|
Profit on ordinary activities multiplied by the standard rate of corporation tax |
|
447,448 |
|
98,274 |
|
|
Effects of: |
|
Expenses not deductible for tax purposes |
3,383 |
|
17,393 |
|
Capital allowances for period in excess of depreciation |
(15,399) |
|
9,189 |
|
Movement in deferred tax |
76,995 |
|
7,951 |
|
|
Current tax charge for period |
512,427 |
|
132,807 |
|
|
|
|
|
|
|
|
|
|
Factors that may affect future tax charges |
|
|
There were no factors that may affect future tax charges. |
|
|
Dividends |
|
During the year the company paid no dividends to the directors. |
|
|
|
|
|
|
|
| 8 |
Tangible fixed assets |
|
|
Motor vehicles |
|
Plant and machinery |
|
Fixtures, fittings, tools and equipment |
|
Total |
|
|
At cost |
|
At cost |
|
At cost |
| £ |
£ |
£ |
£ |
|
Cost or valuation |
|
At 1 June 2024 |
585,850 |
|
1,111,066 |
|
10,056 |
|
1,706,972 |
|
Additions |
162,453 |
|
385,303 |
|
|
|
547,756 |
|
Disposals |
(13,750) |
|
(271,176) |
|
- |
|
(284,926) |
|
At 31 May 2025 |
734,553 |
|
1,225,193 |
|
10,056 |
|
1,969,802 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2024 |
430,919 |
|
818,174 |
|
10,050 |
|
1,259,143 |
|
Charge for the year |
75,349 |
|
163,460 |
|
- |
|
238,809 |
|
On disposals |
(13,749) |
|
(263,106) |
|
- |
|
(276,855) |
|
At 31 May 2025 |
492,519 |
|
718,528 |
|
10,050 |
|
1,221,097 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
At 31 May 2025 |
242,034 |
|
506,665 |
|
6 |
|
748,705 |
|
At 31 May 2024 |
154,931 |
|
292,892 |
|
6 |
|
447,829 |
|
|
|
|
|
|
|
|
|
|
|
The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows: |
|
|
|
|
|
Motor vehicles |
|
Plant and machinery |
|
Total |
|
|
|
|
|
£ |
|
£ |
£ |
|
Cost or valuation |
|
At 1 June 2024 |
110,890 |
|
347,202 |
|
458,092 |
|
Additions |
93,615 |
|
324,957 |
|
418,572 |
|
Disposals |
(70,184) |
|
(70,184) |
|
At 31 May 2025 |
204,505 |
|
601,975 |
|
806,480 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2024 |
6,856 |
|
165,238 |
|
172,094 |
|
Charge for the year |
39,562 |
|
96,426 |
|
135,988 |
|
On disposals |
(59,168) |
|
(59,168) |
|
At 31 May 2025 |
46,418 |
|
202,496 |
|
248,914 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
At 31 May 2025 |
158,087 |
|
399,479 |
|
557,566 |
|
At 31 May 2024 |
104,034 |
|
181,964 |
|
285,998 |
|
|
|
|
| 9 |
Stocks |
2025 |
|
2024 |
| £ |
£ |
|
|
Work in progress |
1,148,622 |
|
1,046,750 |
|
|
|
|
|
|
1,148,622 |
|
1,046,750 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
1,343,253 |
|
1,786,545 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
1,220,540 |
|
77,438 |
|
Other debtors |
114,383 |
|
25,500 |
|
VAT |
211,153 |
|
265,422 |
|
Prepayments and accrued income |
27,968 |
|
68,630 |
|
Construction contract debtors |
- |
|
- |
|
|
|
|
|
|
2,917,297 |
|
2,223,535 |
|
|
|
|
|
|
|
|
|
|
|
|
| 11 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
243,917 |
|
110,557 |
|
Trade creditors |
433,214 |
|
486,487 |
|
Corporation tax |
435,432 |
|
124,856 |
|
Other taxes and social security costs |
80,908 |
|
26,762 |
|
Other creditors |
147,344 |
|
141,480 |
|
Accruals and deferred income |
346,767 |
|
240,014 |
|
|
|
|
|
|
1,687,582 |
|
1,130,156 |
|
|
|
|
|
|
|
|
|
|
| 12 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
328,815 |
|
111,815 |
|
|
|
|
|
|
328,815 |
|
111,815 |
|
|
|
|
|
|
|
|
|
|
|
| 13 |
Obligations under finance leases and hire purchase |
2025 |
|
2024 |
|
contracts |
£ |
£ |
|
|
Amounts payable: |
|
Within one year |
243,917 |
|
110,557 |
|
Within two to five years |
328,815 |
|
111,815 |
|
|
|
|
|
|
572,732 |
|
222,372 |
|
|
|
|
|
|
|
|
|
|
|
| 14 |
Secured Debts |
|
The following secured debtors are included within creditors |
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
|
Hire purchase contracts |
527,732 |
|
222,372 |
|
|
|
|
|
|
527,732 |
|
222,372 |
|
|
|
|
|
|
|
|
|
|
|
| 15 |
Provisions for liabilities |
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
Deferred tax |
192,842 |
|
115,847 |
|
| £ |
|
Balance at 1 June 2024 |
115,847 |
|
Provided in year |
76,995 |
|
Balance at 31 May 2025 |
192,842 |
|
|
|
|
|
|
|
|
|
|
|
|
| 16 |
Share capital |
Nominal |
|
2025 |
|
2025 |
|
2024 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
10,000 |
|
10,000 |
|
10,000 |
|
B Ordinary shares |
£1 each |
|
50,000 |
|
5,000 |
|
5,000 |
|
|
|
|
|
|
15,000 |
|
15,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 17 |
Share premium |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 June |
134,000 |
|
134,000 |
|
|
At 31 May |
134,000 |
|
134,000 |
|
|
|
|
|
|
|
|
|
|
| 18 |
Other reserves |
2025 |
|
2024 |
|
Revaluation reserve |
£ |
£ |
|
|
At 1 June |
5,000 |
|
5,000 |
|
|
At 31 May |
5,000 |
|
5,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 19 |
Profit and loss account |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 June |
2,899,673 |
|
5,336,530 |
|
Profit for the financial year |
1,277,365 |
|
260,290 |
|
Dividends |
(1,000,000) |
|
(2,697,147) |
|
|
At 31 May |
3,177,038 |
|
2,899,673 |
|
|
|
|
|
|
|
|
|
|
|
| 20 |
Dividends |
2025 |
|
2024 |
| £ |
£ |
|
|
Dividends on ordinary shares (note 19) |
1,000,000 |
|
- |
|
|
|
|
|
|
1,000,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 21 |
Ultimate Parent Company |
|
|
Relatime Civil Engineering London Limited is regarded by the directors as being the company's ultimate parent company.
Copies of the accounts of the holding company, Realtime Civil Engineering London Limited can be obtained from its registered office of Swanley Bar Lane, Potters Bar, Hertfordshire, EN6 1NU |