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REGISTERED NUMBER: 04387765 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

COMPACT GROUNDS MAINTENANCE LIMITED

COMPACT GROUNDS MAINTENANCE LIMITED (REGISTERED NUMBER: 04387765)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COMPACT GROUNDS MAINTENANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: Mr C M Gascoigne
Mrs C Gascoigne





SECRETARY: Mrs C Gascoigne





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
Lancashire
PR1 6AS





REGISTERED NUMBER: 04387765 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

COMPACT GROUNDS MAINTENANCE LIMITED (REGISTERED NUMBER: 04387765)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,668 15,989
12,668 15,989

CURRENT ASSETS
Stocks 6 98 237
Debtors 7 9,905 14,422
Cash in hand 8 288
10,011 14,947
CREDITORS
Amounts falling due within one year 8 (19,223 ) (23,840 )
NET CURRENT LIABILITIES (9,212 ) (8,893 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,456 7,096

CREDITORS
Amounts falling due after more than
one year

9

-

(2,473

)

PROVISIONS FOR LIABILITIES 11 (2,406 ) (3,037 )
NET ASSETS 1,050 1,586

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 13 50 586
SHAREHOLDERS' FUNDS 1,050 1,586

COMPACT GROUNDS MAINTENANCE LIMITED (REGISTERED NUMBER: 04387765)

STATEMENT OF FINANCIAL POSITION - continued
30TH APRIL 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 Board of Directors and authorised for issue on 20th October 2023 and were signed on its behalf by:





Mr C M Gascoigne - Director


COMPACT GROUNDS MAINTENANCE LIMITED (REGISTERED NUMBER: 04387765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023


1. STATUTORY INFORMATION

Compact Grounds Maintenance 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 value of goods and services provided in the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been fully amortised.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

COMPACT GROUNDS MAINTENANCE LIMITED (REGISTERED NUMBER: 04387765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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 statement of financial position date.


COMPACT GROUNDS MAINTENANCE LIMITED (REGISTERED NUMBER: 04387765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 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 statement of financial position 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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 32,500
AMORTISATION
At 1st May 2022
and 30th April 2023 32,500
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 -

COMPACT GROUNDS MAINTENANCE LIMITED (REGISTERED NUMBER: 04387765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2022
and 30th April 2023 27,466 14,781 392 42,639
DEPRECIATION
At 1st May 2022 13,948 12,598 104 26,650
Charge for year 2,703 546 72 3,321
At 30th April 2023 16,651 13,144 176 29,971
NET BOOK VALUE
At 30th April 2023 10,815 1,637 216 12,668
At 30th April 2022 13,518 2,183 288 15,989

6. STOCKS
30.4.23 30.4.22
£    £   
Stocks 98 237

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 3,570 6,281
Other debtors 6,335 8,141
9,905 14,422

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 11,738 11,508
Hire purchase contracts - 2,120
Trade creditors 1,375 1,424
Taxation and social security 3,873 5,473
Other creditors 2,237 3,315
19,223 23,840

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts - 2,473

COMPACT GROUNDS MAINTENANCE LIMITED (REGISTERED NUMBER: 04387765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Hire purchase contracts - 4,593

11. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax
Accelerated Capital Allowances 2,406 3,037

Deferred
tax
£   
Balance at 1st May 2022 3,037
Credit to Statement of Income and Retained Earnings during
year

(631

)
Balance at 30th April 2023 2,406

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

13. RESERVES
Retained
earnings
£   

At 1st May 2022 586
Profit for the year 6,864
Dividends (7,400 )
At 30th April 2023 50

COMPACT GROUNDS MAINTENANCE LIMITED (REGISTERED NUMBER: 04387765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2023 and 30th April 2022:

30.4.23 30.4.22
£    £   
Mr C M Gascoigne
Balance outstanding at start of year 6,318 5,680
Amounts advanced 11,010 638
Amounts repaid (13,024 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,304 6,318

The maximum balance the Directors Loan Account was overdrawn by during the year was £16,281. Interest has been charged at the HMRC approved interest rate on overdrawn amounts. Amounts are repayable on demand.