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REGISTERED NUMBER: 05984774 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

G & W GROUNDWORKS LIMITED

G & W GROUNDWORKS LIMITED (REGISTERED NUMBER: 05984774)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

G & W GROUNDWORKS LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2021







DIRECTORS: G M Swift
W R Knight Esq





REGISTERED OFFICE: Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ





REGISTERED NUMBER: 05984774 (England and Wales)





ACCOUNTANTS: Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ

G & W GROUNDWORKS LIMITED (REGISTERED NUMBER: 05984774)

BALANCE SHEET
31st December 2021

31/12/21 31/12/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,244 7,004

CURRENT ASSETS
Debtors 5 14,337 9,100
Investments 6 500 500
Cash at bank 101,476 105,496
116,313 115,096
CREDITORS
Amounts falling due within one year 7 65,373 92,285
NET CURRENT ASSETS 50,940 22,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,184

29,815

CREDITORS
Amounts falling due after more than one
year

8

23,950

28,765
NET ASSETS 32,234 1,050

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 32,232 1,048
SHAREHOLDERS' FUNDS 32,234 1,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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.

G & W GROUNDWORKS LIMITED (REGISTERED NUMBER: 05984774)

BALANCE SHEET - continued
31st December 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th August 2022 and were signed on its behalf by:





W R Knight Esq - Director


G & W GROUNDWORKS LIMITED (REGISTERED NUMBER: 05984774)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2021

1. STATUTORY INFORMATION

G & W GROUNDWORKS 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. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Government grants are accounted for in the period of receipt. The grants received are all coronavirus related.

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
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.

G & W GROUNDWORKS LIMITED (REGISTERED NUMBER: 05984774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2021
and 31st December 2021 12,438 86 11,840 6,445 30,809
DEPRECIATION
At 1st January 2021 11,584 86 7,024 5,111 23,805
Charge for year 213 - 1,213 334 1,760
At 31st December 2021 11,797 86 8,237 5,445 25,565
NET BOOK VALUE
At 31st December 2021 641 - 3,603 1,000 5,244
At 31st December 2020 854 - 4,816 1,334 7,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Trade debtors 14,182 8,945
Other debtors 155 155
14,337 9,100

6. CURRENT ASSET INVESTMENTS
31/12/21 31/12/20
£    £   
Investment 500 500

G & W GROUNDWORKS LIMITED (REGISTERED NUMBER: 05984774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Bank loans and overdrafts 3,601 21,234
Trade creditors 31,385 21,578
Taxation and social security 12,112 (633 )
Other creditors 18,275 50,106
65,373 92,285

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/21 31/12/20
£    £   
Bank loans 23,950 28,765

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,545 16,153

9. DEFERRED TAX
£   
Balance at 1st January 2021 (155 )
Accelerated capital allowances
Balance at 31st December 2021 (155 )

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/12/21 31/12/20
value: £    £   
2 Ordinary £1 2 2

11. ULTIMATE CONTROLLING PARTY

Directors G M Swift and W R Knight are the joint ultimate controlling party of G & W Groundworks Ltd by virtue of their shareholding.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
G & W GROUNDWORKS LIMITED

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 G & W GROUNDWORKS LIMITED for the year ended 31st December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of G & W GROUNDWORKS LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G & W GROUNDWORKS LIMITED and state those matters that we have agreed to state to the Board of Directors of G & W GROUNDWORKS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G & W GROUNDWORKS LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G & W GROUNDWORKS 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 and profit of G & W GROUNDWORKS LIMITED. You consider that G & W GROUNDWORKS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G & W GROUNDWORKS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ


Date: .............................................