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REGISTERED NUMBER: 08258902 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Mark Pike Groundworks Ltd

Mark Pike Groundworks Ltd (Registered number: 08258902)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Mark Pike Groundworks Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M I E Pike
Mrs K J Pike





SECRETARY: Mrs K J Pike





REGISTERED OFFICE: Oakleigh Cottage
Ammerham
Winsham
Chard
Somerset
TA20 4LE





REGISTERED NUMBER: 08258902 (England and Wales)





ACCOUNTANTS: Somerset Accountancy Services Ltd
22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB

Mark Pike Groundworks Ltd (Registered number: 08258902)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 228,188 273,480
228,188 273,480

CURRENT ASSETS
Stocks 300 300
Debtors 19,718 53,710
Cash at bank - 2,794
20,018 56,804
CREDITORS
Amounts falling due within one year 84,157 123,298
NET CURRENT LIABILITIES (64,139 ) (66,494 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,049

206,986

CREDITORS
Amounts falling due after more than one
year

(120,994

)

(161,781

)

PROVISIONS FOR LIABILITIES (42,358 ) (50,853 )
NET ASSETS/(LIABILITIES) 697 (5,648 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 597 (5,748 )
SHAREHOLDERS' FUNDS 697 (5,648 )

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

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

Mark Pike Groundworks Ltd (Registered number: 08258902)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 October 2023 and were signed on its behalf by:





Mr M I E Pike - Director


Mark Pike Groundworks Ltd (Registered number: 08258902)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Mark Pike Groundworks Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five 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 etc - 25% on reducing balance, 20% on reducing balance and 15% 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.

Taxation
Taxation for the year 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.

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.

Mark Pike Groundworks Ltd (Registered number: 08258902)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Going concern basis of accounting
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 20,000
AMORTISATION
At 1 April 2022
and 31 March 2023 20,000
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

Mark Pike Groundworks Ltd (Registered number: 08258902)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 410,284
Additions 18,786
Disposals (47,676 )
At 31 March 2023 381,394
DEPRECIATION
At 1 April 2022 136,804
Charge for year 41,592
Eliminated on disposal (25,190 )
At 31 March 2023 153,206
NET BOOK VALUE
At 31 March 2023 228,188
At 31 March 2022 273,480

6. ULTIMATE CONTROLLING PARTY

Mr M I E & Mrs K J Pike are joint directors and shareholders and therefore have joint control of the company.