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REGISTERED NUMBER: 08904368 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MARK JONES GROUNDWORKS LIMITED

MARK JONES GROUNDWORKS LIMITED (REGISTERED NUMBER: 08904368)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MARK JONES GROUNDWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr M Jones





REGISTERED OFFICE: 43 Vicarage Gardens
Clacton-on-Sea
Essex
CO15 1BX





REGISTERED NUMBER: 08904368 (England and Wales)





ACCOUNTANTS: Robert Clow & Co
Chartered Accountants
Hartfield Place
40 - 44 High Street
Northwood
Middlesex
HA6 1BN

MARK JONES GROUNDWORKS LIMITED (REGISTERED NUMBER: 08904368)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,664 8,296

CURRENT ASSETS
Debtors 76,771 56,805
Cash at bank 22,973 34,274
99,744 91,079
CREDITORS
Amounts falling due within one year 27,856 37,581
NET CURRENT ASSETS 71,888 53,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,552

61,794

PROVISIONS FOR LIABILITIES 5 1,266 1,576
NET ASSETS 77,286 60,218

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 77,186 60,118
SHAREHOLDERS' FUNDS 77,286 60,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MARK JONES GROUNDWORKS LIMITED (REGISTERED NUMBER: 08904368)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





Mr M Jones - Director


MARK JONES GROUNDWORKS LIMITED (REGISTERED NUMBER: 08904368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Mark Jones 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 the value of work done during the year, exclusive of VAT.

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 etc - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MARK JONES GROUNDWORKS LIMITED (REGISTERED NUMBER: 08904368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 49,981
Additions 589
At 28 February 2023 50,570
DEPRECIATION
At 1 March 2022 41,685
Charge for year 2,221
At 28 February 2023 43,906
NET BOOK VALUE
At 28 February 2023 6,664
At 28 February 2022 8,296

5. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax
Accelerated capital allowances 1,266 1,576

Deferred
tax
£   
Balance at 1 March 2022 1,576
Credit to Income Statement during year (310 )
Balance at 28 February 2023 1,266

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 March 2022 60,118
Profit for the year 57,068
Dividends (40,000 )
At 28 February 2023 77,186

MARK JONES GROUNDWORKS LIMITED (REGISTERED NUMBER: 08904368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £627 (2022: £12,796) owed to the director.

9. RELATED PARTY DISCLOSURES

Dividends of 40,000 were paid to the director.