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REGISTERED NUMBER: 08171712 (England and Wales)















Unaudited Financial Statements

for the period

1 October 2022 to 31 March 2023

for

JASON GILLETT GROUNDWORKS LIMITED

JASON GILLETT GROUNDWORKS LIMITED (REGISTERED NUMBER: 08171712)

Contents of the Financial Statements
for the period 1 October 2022 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JASON GILLETT GROUNDWORKS LIMITED

Company Information
for the period 1 October 2022 to 31 March 2023







Directors: Mrs P A Gillett
J Gillett





Registered office: 6 Worcester Road
Chipping Norton
Oxfordshire
OX7 5XT





Registered number: 08171712 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
3 Danebrook Court
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ

JASON GILLETT GROUNDWORKS LIMITED (REGISTERED NUMBER: 08171712)

Balance Sheet
31 March 2023

31/3/23 30/9/22
Notes £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 492,673 552,930
492,673 552,930

Current assets
Debtors 7 506,366 316,876
Cash at bank and in hand 21,134 115,036
527,500 431,912
Creditors
Amounts falling due within one year 8 425,973 345,422
Net current assets 101,527 86,490
Total assets less current liabilities 594,200 639,420

Creditors
Amounts falling due after more than one
year

9

(338,081

)

(357,805

)

Provisions for liabilities (93,608 ) -
Net assets 162,511 281,615

Capital and reserves
Called up share capital 2 2
Retained earnings 162,509 281,613
162,511 281,615

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

JASON GILLETT GROUNDWORKS LIMITED (REGISTERED NUMBER: 08171712)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





Mrs P A Gillett - Director


JASON GILLETT GROUNDWORKS LIMITED (REGISTERED NUMBER: 08171712)

Notes to the Financial Statements
for the period 1 October 2022 to 31 March 2023


1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Worcester Road, Chipping Norton, Oxfordshire, OX7 5XT.

2. Statement of compliance

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. These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A. The Financial Reporting Standard applicable in the UK and Republic of Ireland.

3. Accounting policies

Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation pf certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods; the amount of revenue can be measured reliably; It is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Taxation
Taxation for the period 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.


JASON GILLETT GROUNDWORKS LIMITED (REGISTERED NUMBER: 08171712)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 March 2023


3. 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 period 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.

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.

4. Employees and directors

The average number of employees during the period was 11 (2022 - 11 ) .

5. Intangible fixed assets
Goodwill
£
Cost
At 1 October 2022
and 31 March 2023 18,000
Amortisation
At 1 October 2022
and 31 March 2023 18,000
Net book value
At 31 March 2023 -
At 30 September 2022 -

JASON GILLETT GROUNDWORKS LIMITED (REGISTERED NUMBER: 08171712)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 March 2023


6. Tangible fixed assets
Plant and
machinery
£
Cost
At 1 October 2022 1,358,377
Additions 120,645
Disposals (191,772 )
At 31 March 2023 1,287,250
Depreciation
At 1 October 2022 805,447
Charge for period 119,801
Eliminated on disposal (130,671 )
At 31 March 2023 794,577
Net book value
At 31 March 2023 492,673
At 30 September 2022 552,930

7. Debtors: amounts falling due within one year
31/3/23 30/9/22
£ £
Trade debtors 491,841 316,876
Other debtors 14,525 -
506,366 316,876

8. Creditors: amounts falling due within one year
31/3/23 30/9/22
£ £
Bank loans and overdrafts 121,669 62,500
Hire purchase contracts 41,734 41,734
Trade creditors 172,459 178,125
Taxation and social security 19,604 46,314
Other creditors 70,507 16,749
425,973 345,422

9. Creditors: amounts falling due after more than one year
31/3/23 30/9/22
£ £
Bank loans 194,900 218,750
Hire purchase contracts 143,181 139,055
338,081 357,805

JASON GILLETT GROUNDWORKS LIMITED (REGISTERED NUMBER: 08171712)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 March 2023


10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the period ended 31 March 2023 and the year ended 30 September 2022:

31/3/23 30/9/22
£ £
Mrs P A Gillett and J Gillett
Balance outstanding at start of period (534 ) (682 )
Amounts advanced 51,802 24,148
Amounts repaid (40,546 ) (24,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 10,722 (534 )