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REGISTERED NUMBER: 06052037 (England and Wales)











G.M.PIERSON GROUNDWORKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






G.M.PIERSON GROUNDWORKS LIMITED (REGISTERED NUMBER: 06052037)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


G.M.PIERSON GROUNDWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr G M Pierson
Mrs Z Pierson





REGISTERED OFFICE: Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW





REGISTERED NUMBER: 06052037 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

G.M.PIERSON GROUNDWORKS LIMITED (REGISTERED NUMBER: 06052037)

ABRIDGED BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,800 7,200
Tangible assets 5 364,097 361,998
368,897 369,198

CURRENT ASSETS
Debtors 83,084 133,334
Cash at bank 46,095 37,198
129,179 170,532
CREDITORS
Amounts falling due within one year 120,989 104,625
NET CURRENT ASSETS 8,190 65,907
TOTAL ASSETS LESS CURRENT LIABILITIES 377,087 435,105

CREDITORS
Amounts falling due after more than one
year

(70,253

)

(95,056

)

PROVISIONS FOR LIABILITIES (84,580 ) (66,125 )
NET ASSETS 222,254 273,924

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 222,244 273,914
222,254 273,924

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

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

G.M.PIERSON GROUNDWORKS LIMITED (REGISTERED NUMBER: 06052037)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 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 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 October 2023 and were signed on its behalf by:





Mrs Z Pierson - Director


G.M.PIERSON GROUNDWORKS LIMITED (REGISTERED NUMBER: 06052037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

G.M.Pierson 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.

The company trades from office premises in Richmond, North Yorkshire.

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 based on services provided to customers, net of value added tax, where the right to revenue exists.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten 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.
Land and buildings - not provided
Plant and machinery etc - 25% straight line and 10% straight line

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 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.

G.M.PIERSON GROUNDWORKS LIMITED (REGISTERED NUMBER: 06052037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those assets held under hire purchase contracts are depreciated over their estimated useful lives. Those assets held under finance leases are depreciated over their estimated useful lives, or the lease term, whichever is the shortest.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating lease are charged to the profit and loss account 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
Totals
£   
COST
At 1 February 2022
and 31 January 2023 20,000
AMORTISATION
At 1 February 2022 12,800
Amortisation for year 2,400
At 31 January 2023 15,200
NET BOOK VALUE

At 31 January 2023 4,800
At 31 January 2022 7,200

G.M.PIERSON GROUNDWORKS LIMITED (REGISTERED NUMBER: 06052037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 715,316
Additions 94,135
Disposals (66,592 )
At 31 January 2023 742,859
DEPRECIATION
At 1 February 2022 353,318
Charge for year 58,767
Eliminated on disposal (33,323 )
At 31 January 2023 378,762
NET BOOK VALUE
At 31 January 2023 364,097
At 31 January 2022 361,998

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 127,961 157,665

The hire purchase agreements are secured on the assets to which they relate

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr G M Pierson and Mrs Z Pierson
Balance outstanding at start of year 90,194 71,151
Amounts advanced 108,262 112,443
Amounts repaid (171,785 ) (93,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,671 90,194

The loan to the directors is interest free, with no fixed repayment terms.