ACCOUNTS - Final Accounts

BROCKS GORDON GROUND ENGINEERING LTD - Company Information

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Registered number: 07820220

BROCKS GORDON GROUND ENGINEERING LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2021

BROCKS GORDON GROUND ENGINEERING LIMITED

REGISTERED NUMBER: 07820220

BALANCE SHEET

AS AT 30 SEPTEMBER 2021

		2021		2020
Note		£		£

Fixed assets
Tangible assets	4		29,911		39,755
Current assets
Debtors: amounts falling due within one year	5	705,538		635,732
Cash at bank and in hand	6	506,688		463,368
		1,212,226		1,099,100
Creditors: amounts falling due within one year	7	(428,375)		(341,709)
Net current assets			783,851		757,391
Net assets			813,762		797,146

Capital and reserves
Called up share capital	8	2	2
Profit and loss account	9	813,760	797,144
		813,762	797,146

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 June 2022.

D M Brown

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

BROCKS GORDON GROUND ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.	General information

Brocks Gordon Ground Engineering Limited (the "Company") is a private company limited by shares, incorporated in England and Wales. Its registration number is 07820220. The registered office is Leytonstone House, Leytonstone, London, E11 1GA.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Brocks Haulage Limited as at 30 September 2021 and these financial statements may be obtained from Companies House.

2.3

Revenue

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 as 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.

Page 2

BROCKS GORDON GROUND ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following annual basis:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Fixtures and fittings	-	15% reducing balance

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 proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

2.8

Creditors

Short term creditors are measured at the transaction price.

Page 3

BROCKS GORDON GROUND ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

2.9

Long-term contracts

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by reporting turnover and related costs as contract activity progresses.
Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 October 2020	32,300	15,000	4,371	51,671
At 30 September 2021	32,300	15,000	4,371	51,671
Depreciation
At 1 October 2020	8,029	469	3,418	11,916
Charge for the year on owned assets	6,068	3,633	143	9,844
At 30 September 2021	14,097	4,102	3,561	21,760
Net book value
At 30 September 2021	18,203	10,898	810	29,911
At 30 September 2020	24,271	14,531	953	39,755

Page 4

BROCKS GORDON GROUND ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Debtors

					2021	2020
					£	£


Trade debtors	467,960	226,042
Amounts owed by group undertakings	-	134,635
Other debtors	500	106,457
Amounts recoverable on long term contracts	237,078	168,598
	705,538	635,732

6.	Cash and cash equivalents
		2021	2020
		£	£

	Cash at bank and in hand	506,688	463,368

7.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Trade creditors	97,798	319,576
Amounts owed to group undertakings	241,218	-
Other taxation and social security	43,952	-
Other creditors	27,155	3,881
Accruals and deferred income	18,252	18,252
	428,375	341,709

8.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

2 (2020 - 2) Ordinary shares of £1.00 each	2	2

Page 5

BROCKS GORDON GROUND ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Reserves

Profit and loss account

The profit and loss account represents cumulative distributable profits and losses net of dividends and other adjustments.

10.	Related party transactions
	The Company has taken advantage of the exemption, under FRS 102 paragraph 1.12 and paragraph 33.1A, from disclosing transactions with key management and from disclosing other related party transactions as they are with other companies that are wholly owned within the group.

11.	Ultimate parent undertaking and controlling party

The Company's ultimate parent company is Brocks Haulage Limited, a company registered in England and Wales. Copies of its group accounts are publicly available from Companies House. These group accounts comprise all companies for which group accounts are prepared.

12.	Other matters

On 8th July 2020 a crane collapsed at a site in Watts Grove, Bow, London E3 at which the company, among other contractors, had been engaged. The incident is subject to a Police/HSE investigation. It is too early to estimate any financial impact.

13.	Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2021 was unqualified.

The audit report was signed on 29 June 2022 by Simon Liggins (Senior statutory auditor) on behalf of Barnes Roffe LLP.

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