REGISTERED NUMBER: 09787958 (England and Wales)

Financial Statements for the Year Ended 5 April 2018

for

Cal Dru Construction Limited

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr C R Drury

Mrs S J Drury

REGISTERED OFFICE:

67 Hall Lane

Simonswood

Liverpool

L33 4YE

REGISTERED NUMBER:

09787958 (England and Wales)

ACCOUNTANTS:

HLP Ltd

Accounting and Tax Solutions

Hillgate Place

77 Middle Hillgate

Stockport

Cheshire

SK1 3EH

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Cal Dru Construction Limited for the period ended 5 April 2018 which comprises

the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

This report is made solely to the Board of Directors of Cal Dru Construction Limited, as a body, in accordance

with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the

financial statements of Cal Dru Construction Limited and state those matters that we have agreed to state to

the Board of Directors of Cal Dru Construction Limited, as a body, 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

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cal Dru Construction Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position

of profit or loss of Cal Dru Construction Limited. You consider that Cal Dru Construction Limited is exempt

from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Cal Dru

Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given us and we do not, therefore, express any opinion on

the statutory financial statements.

HLP Ltd

Accounting and Tax Solutions

Hillgate Place

77 Middle Hillgate

Stockport

Cheshire

SK1 3EH

30 January 2019

FIXED ASSETS

Intangible assets

4

8,800

-

Tangible assets

5

73,199

-

81,999

-

CURRENT ASSETS

Stocks

1,366

-

Debtors

6

70,356

15,542

Cash at bank and in hand

79,297

13,346

151,019

28,888

CREDITORS

Amounts falling due within one year

7

74,085

15,365

NET CURRENT ASSETS

76,934

13,523

TOTAL ASSETS LESS CURRENT LIABILITIES

158,933

13,523

PROVISIONS FOR LIABILITIES

14,373

-

NET ASSETS

144,560

13,523

CAPITAL AND RESERVES

Called up share capital

100

1

Retained earnings

144,460

13,522

SHAREHOLDERS' FUNDS

144,560

13,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30 January 2019 and were signed on its behalf by:

Mr C R Drury - Director

1.	STATUTORY INFORMATION

Cal Dru Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements,

estimates and assumptions about the carrying amount of assets and liabilities that are not readily

apparent from other sources. The estimates and associated 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 where the revision affects only

that period, or in the period of the revision and future periods where the revision affects both current

and future periods.

Turnover

Turnover represents amounts receivable for goods and services provided in the normal course of

business, net of trade discounts, VAT and other sales related taxes.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable

certainty, by including in the profit and loss account turnover and related costs as contract activity

progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to

total expected costs for that contract.

Turnover is attributable to the principle activities of the company which is carried out entirely within the

United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Stocks and work in progress are stated at the lower of cost and net realisable value. Net realisable

value is based on estimated selling price, less further costs expected to be incurred to completion and

disposal.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of

stocks over its estimated selling price less costs to complete and sell is recognised as an impairment

loss in the profit or loss. Reversals of impairment losses are also recognised in the profit or loss.

Amounts recoverable on long-term contracts, which are included in debtors, are stated at the net sales

value of the work done less amounts received as progress payments on account. Excess progress

payments are included in creditors as payments on account. Cumulative costs incurred net of amounts

transferred to cost of sales, less provision for contingencies and anticipated future losses on contracts,

are included as long-term contract balances in stock.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and

Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position 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, which include trade and other receivables and cash and bank balances, are

initially measured at transaction price including transaction costs and are subsequently carried at

amortised cost using the effective interest method unless arrangement constitutes a financing

transaction, where the transaction is measured at the present value of the future receipts discounted at

a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group

companies and preference shares that are classified as debt, are initially recognised at transaction

price unless the arrangement constitutes a financing transaction, where the debt instrument is

measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary

course of business from the suppliers. Accounts payable are classified as current liabilities if payment

is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are

recognised initially at transaction price and subsequently measured at amortised cost using the

effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

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.

Leasing commitments

Leases where substantially all of the risks and rewards of ownership are not transferred to the

company are treated as operating leases. Leases are regarded as operating leases and the payments

made under them are charged to the profit and loss account on a straight line basis over the term of

the lease.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those

costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's

services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably

committed to terminate the employment of an employee or to provide termination benefits.

Going concern

The company has considerable financial resources together with contracts with a number of clients

and suppliers across different geographic areas and industries. As a consequence, the directors

believe that the company is well placed to manage its business risks successfully despite the current

uncertain economic outlook.

After making enquiries, the directors have reasonable expectation that the company has adequate

resources to continue in operational existence for a period of at least twelve months and for the

foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual

report

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

11,000

At 5 April 2018

11,000

AMORTISATION

Amortisation for year

2,200

At 5 April 2018

2,200

NET BOOK VALUE

At 5 April 2018

8,800

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

Additions

51,750

334

29,690

625

82,399

At 5 April 2018

51,750

334

29,690

625

82,399

DEPRECIATION

Charge for year

5,766

28

3,406

-

9,200

At 5 April 2018

5,766

28

3,406

-

9,200

NET BOOK VALUE

At 5 April 2018

45,984

306

26,284

625

73,199

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

70,356

15,542

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,099

5,431

Taxation and social security

32,189

8,584

Other creditors

40,797

1,350

74,085

15,365

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2017 - £15,970) were paid to the directors .