Company Registration No. 09800904 (England and Wales)
Algar Groundworks Limited
Unaudited accounts
for the year ended 30 September 2022
Algar Groundworks Limited
Unaudited accounts
Contents
Algar Groundworks Limited
Company Information
for the year ended 30 September 2022
Company Number
09800904 (England and Wales)
Registered Office
20 Pant Y Felin Road
Glynhir
Swansea
SA4 8QA
United Kingdom
Accountants
Nigel Rees Accountancy Limited
572 Mumbles Road
Mumbles
Swansea
Dyfed
SA3 4DL
Algar Groundworks Limited
Statement of financial position
as at 30 September 2022
Tangible assets
7,750
5,250
Cash at bank and in hand
6,049
(1,851)
Creditors: amounts falling due within one year
(41,334)
(40,845)
Net current liabilities
(25,785)
(33,196)
Total assets less current liabilities
(18,035)
(27,946)
Creditors: amounts falling due after more than one year
(11,122)
(20,000)
Net liabilities
(29,157)
(47,946)
Called up share capital
1
1
Profit and loss account
(29,158)
(47,947)
Shareholders' funds
(29,157)
(47,946)
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2023 and were signed on its behalf by
G Morgan
Director
Company Registration No. 09800904
Algar Groundworks Limited
Notes to the Accounts
for the year ended 30 September 2022
Algar Groundworks Limited is a private company, limited by shares, registered in England and Wales, registration number 09800904. The registered office is 20 Pant Y Felin Road, Glynhir, Swansea, SA4 8QA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2021
36,578
15,600
52,178
At 30 September 2022
36,578
21,267
57,845
At 1 October 2021
36,578
10,350
46,928
Charge for the year
-
3,167
3,167
At 30 September 2022
36,578
13,517
50,095
At 30 September 2022
-
7,750
7,750
At 30 September 2021
-
5,250
5,250
Algar Groundworks Limited
Notes to the Accounts
for the year ended 30 September 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
10,000
Trade creditors
10,754
10,754
Loans from directors
3,876
-
7
Creditors: amounts falling due after more than one year
2022
2021
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 4 (2021: 4).