Contents of the Financial Statements

for the Period Ended 31 December 2019

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2019

The directors present their report with the financial statements of the company for the period ended 31 December 2019

Directors

The directors shown below have held office during the whole of the period from
1 January 2019 to 31 December 2019

Carl Hendry
Paul Brown
Stephen Bowcott

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 May 2020

And signed on behalf of the board by:
Name: Paul Brown
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2019

	2019	2018
	£	£
Turnover:	32,474,215	24,252,792
Cost of sales:	( 28,985,970 )	( 22,435,680 )
Gross profit(or loss):	3,488,245	1,817,112
Distribution costs:	0	0
Administrative expenses:	( 2,183,454 )	( 1,457,928 )
Other operating income:	0	0
Operating profit(or loss):	1,304,791	359,184
Interest receivable and similar income:	0	0
Interest payable and similar charges:	0	0
Profit(or loss) before tax:	1,304,791	359,184
Tax:	( 147,601 )	( 72,667 )
Profit(or loss) for the financial year:	1,157,190	286,517

Balance sheet

As at 31 December 2019

	Notes	2019	2018
		£	£
Called up share capital not paid:		0	0
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	578,438	116,233
Investments:		0	0
Total fixed assets:		578,438	116,233
Current assets
Stocks:		0	0
Debtors:	4	7,199,414	7,403,992
Cash at bank and in hand:		5,542,510	1,596,530
Investments:		0	0
Total current assets:		12,741,924	9,000,522
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	5	( 11,012,678 )	( 7,966,261 )
Net current assets (liabilities):		1,729,246	1,034,261
Total assets less current liabilities:		2,307,684	1,150,494
Creditors: amounts falling due after more than one year:		0	0
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		2,307,684	1,150,494
Capital and reserves
Called up share capital:		100	100
Share premium account:		0	0
Other reserves:		0	0
Profit and loss account:		2,307,584	1,150,394
Total Shareholders' funds:		2,307,684	1,150,494

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2019

• 1. Accounting policies

  Basis of measurement and preparation

  FRS102

  Turnover policy

  Turnover represents the value of work executed and services rendered in respect of the financial year net of value added tax ad other sales related taxes. These activities consist of building and civil engineering maintenance services and execution on maintenance contracts in association with railway infrastructure. Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measure as the present value of all future receipts using the imputed rate of interest.

  Tangible fixed assets depreciation policy

  Depreciation is provided on all tangible assets, other than freehold land, at rates calculated to write off the cost, less residual value of each asset on a straight - line basis over its expected useful life.

  Other accounting policies

  These include Other revenue, employee benefits, income tax, leased assets, impairment of non - financial assets, cash and cash equivalents, financial instruments, provisions and contingencies

Notes to the Financial Statements

for the Period Ended 31 December 2019

• 2. Employees

  	2019	2018
  Average number of employees during the period	155	125