Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr C S Williams 03/03/2014 Mrs A Williams 03/03/2014 13 October 2023 The principal activity of the Company during the financial year was groundworks. 08919591 2023-03-31 08919591 bus:Director1 2023-03-31 08919591 bus:Director2 2023-03-31 08919591 2022-03-31 08919591 core:CurrentFinancialInstruments 2023-03-31 08919591 core:CurrentFinancialInstruments 2022-03-31 08919591 core:ShareCapital 2023-03-31 08919591 core:ShareCapital 2022-03-31 08919591 core:RetainedEarningsAccumulatedLosses 2023-03-31 08919591 core:RetainedEarningsAccumulatedLosses 2022-03-31 08919591 core:Goodwill 2022-03-31 08919591 core:Goodwill 2023-03-31 08919591 core:PlantMachinery 2022-03-31 08919591 core:Vehicles 2022-03-31 08919591 core:OfficeEquipment 2022-03-31 08919591 core:PlantMachinery 2023-03-31 08919591 core:Vehicles 2023-03-31 08919591 core:OfficeEquipment 2023-03-31 08919591 bus:OrdinaryShareClass1 2023-03-31 08919591 2022-04-01 2023-03-31 08919591 bus:FullAccounts 2022-04-01 2023-03-31 08919591 bus:SmallEntities 2022-04-01 2023-03-31 08919591 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08919591 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08919591 bus:Director1 2022-04-01 2023-03-31 08919591 bus:Director2 2022-04-01 2023-03-31 08919591 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 08919591 core:PlantMachinery 2022-04-01 2023-03-31 08919591 core:Vehicles 2022-04-01 2023-03-31 08919591 core:OfficeEquipment 2022-04-01 2023-03-31 08919591 2021-04-01 2022-03-31 08919591 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08919591 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08919591 (England and Wales)

CSW GROUNDWORKS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

CSW GROUNDWORKS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

CSW GROUNDWORKS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
CSW GROUNDWORKS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mr C S Williams
Mrs A Williams
REGISTERED OFFICE Centenary House
Peninsula Park
Rydon Lane
Exeter
United Kingdom
BUSINESS ADDRESS 4 Moorlands
The White House
West Hill
Ottery St Mary
EX11 1UL
COMPANY NUMBER 08919591 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
CSW GROUNDWORKS LIMITED

BALANCE SHEET

As at 31 March 2023
CSW GROUNDWORKS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 102,374 77,075
102,374 77,075
Current assets
Debtors 5 11,574 24,760
Cash at bank and in hand 109,298 82,619
120,872 107,379
Creditors: amounts falling due within one year 6 ( 18,344) ( 23,044)
Net current assets 102,528 84,335
Total assets less current liabilities 204,902 161,410
Provision for liabilities ( 25,600) ( 19,500)
Net assets 179,302 141,910
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 179,202 141,810
Total shareholders' funds 179,302 141,910

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of CSW Groundworks Limited (registered number: 08919591) were approved and authorised for issue by the Board of Directors on 13 October 2023. They were signed on its behalf by:

Mr C S Williams
Director
CSW GROUNDWORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
CSW GROUNDWORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CSW Groundworks Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House, Peninsula Park, Rydon Lane,, Exeter, United Kingdom. The principle place of business is 4 Moorlands, The White House, West Hill, Ottery St Mary, EX11 1UL.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services are recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 30,000 30,000
At 31 March 2023 30,000 30,000
Accumulated amortisation
At 01 April 2022 30,000 30,000
At 31 March 2023 30,000 30,000
Net book value
At 31 March 2023 0 0
At 31 March 2022 0 0

4. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 April 2022 137,825 27,357 1,238 166,420
Additions 66,853 4,300 1,358 72,511
Disposals ( 71,672) 0 ( 210) ( 71,882)
At 31 March 2023 133,006 31,657 2,386 167,049
Accumulated depreciation
At 01 April 2022 82,364 6,269 712 89,345
Charge for the financial year 17,180 5,720 192 23,092
Disposals ( 47,601) 0 ( 161) ( 47,762)
At 31 March 2023 51,943 11,989 743 64,675
Net book value
At 31 March 2023 81,063 19,668 1,643 102,374
At 31 March 2022 55,461 21,088 526 77,075

5. Debtors

2023 2022
£ £
Amounts owed by directors 11,012 18,563
VAT recoverable 562 3,197
Other debtors 0 3,000
11,574 24,760

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 6,102 11,167
Taxation and social security 9,472 9,302
Other creditors 2,770 2,575
18,344 23,044

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amount due from the directors 11,012 18,563

During the year a loan existed between the directors and the company. Transactions in the year lead to a decrease in the amount due from the directors of £7,897 (2022 Increase : £37,386). Interest is charged at 2%, attracting £345 during the year (2022 : £nil). The loan is repayable on demand.