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REGISTERED NUMBER: 10019479 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

LJM Groundworks & Design Limited

LJM Groundworks & Design Limited (Registered number: 10019479)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LJM Groundworks & Design Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr L J Mifsud





REGISTERED OFFICE: 1 Warren Fold, Warren Lane
Arthington
Otley
West Yorkshire
LS21 1PB





REGISTERED NUMBER: 10019479 (England and Wales)





ACCOUNTANTS: TB Accounting Services
146 Newlaithes Road
Horsforth
Leeds
West Yorkshire
LS18 4SY

LJM Groundworks & Design Limited (Registered number: 10019479)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,116 11,202

CURRENT ASSETS
Stocks - 1,250
Debtors 5 4,198 264
Cash at bank and in hand 12,681 1,993
16,879 3,507
CREDITORS
Amounts falling due within one year 6 27,242 5,727
NET CURRENT LIABILITIES (10,363 ) (2,220 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,753

8,982

CREDITORS
Amounts falling due after more than
one year

7

(6,089

)

-

PROVISIONS FOR LIABILITIES - (1,713 )
NET ASSETS 11,664 7,269

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11,663 7,268
SHAREHOLDERS' FUNDS 11,664 7,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

LJM Groundworks & Design Limited (Registered number: 10019479)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings 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 L J Mifsud - Director


LJM Groundworks & Design Limited (Registered number: 10019479)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

LJM Groundworks & Design 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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


LJM Groundworks & Design Limited (Registered number: 10019479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 15,108 500 15,608
Additions 42,494 - 42,494
Disposals (27,745 ) - (27,745 )
At 31 March 2023 29,857 500 30,357
DEPRECIATION
At 1 April 2022 4,273 133 4,406
Charge for year 5,107 73 5,180
Eliminated on disposal (7,345 ) - (7,345 )
At 31 March 2023 2,035 206 2,241
NET BOOK VALUE
At 31 March 2023 27,822 294 28,116
At 31 March 2022 10,835 367 11,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 4,198 264

LJM Groundworks & Design Limited (Registered number: 10019479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans (see note 8) 2,029 -
Trade creditors 4,306 1,450
Tax - 3,341
Directors' current accounts 20,907 936
27,242 5,727

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Other loans (see note 8) 6,089 -

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Hire purchase < 1 year 2,029 -

Amounts falling due between two and five years:
Hire purchase > 1 year 6,089 -

9. RELATED PARTY DISCLOSURES

At the balance sheet date the amount owed to Mr L J Mifsud was £20,907 (2022 - £936).
The loan is Interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr L J Mifsud.