2022-04-012023-03-312023-03-31false09449889Shepherd Groundworks Limited2023-11-1043999iso4217:GBPxbrli:pure094498892022-04-01094498892023-03-31094498892022-04-012023-03-31094498892021-04-01094498892022-03-31094498892021-04-012022-03-3109449889bus:SmallEntities2022-04-012023-03-3109449889bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3109449889bus:FullAccounts2022-04-012023-03-3109449889bus:PrivateLimitedCompanyLtd2022-04-012023-03-3109449889core:WithinOneYear2023-03-3109449889core:AfterOneYear2023-03-3109449889core:WithinOneYear2022-03-3109449889core:AfterOneYear2022-03-3109449889core:ShareCapital2023-03-3109449889core:SharePremium2023-03-3109449889core:RevaluationReserve2023-03-3109449889core:OtherReservesSubtotal2023-03-3109449889core:RetainedEarningsAccumulatedLosses2023-03-3109449889core:ShareCapital2022-03-3109449889core:SharePremium2022-03-3109449889core:RevaluationReserve2022-03-3109449889core:OtherReservesSubtotal2022-03-3109449889core:RetainedEarningsAccumulatedLosses2022-03-3109449889core:LandBuildings2023-03-3109449889core:PlantMachinery2023-03-3109449889core:Vehicles2023-03-3109449889core:FurnitureFittings2023-03-3109449889core:OfficeEquipment2023-03-3109449889core:NetGoodwill2023-03-3109449889core:IntangibleAssetsOtherThanGoodwill2023-03-3109449889core:ListedExchangeTraded2023-03-3109449889core:UnlistedNon-exchangeTraded2023-03-3109449889core:LandBuildings2022-03-3109449889core:PlantMachinery2022-03-3109449889core:Vehicles2022-03-3109449889core:FurnitureFittings2022-03-3109449889core:OfficeEquipment2022-03-3109449889core:NetGoodwill2022-03-3109449889core:IntangibleAssetsOtherThanGoodwill2022-03-3109449889core:ListedExchangeTraded2022-03-3109449889core:UnlistedNon-exchangeTraded2022-03-3109449889core:LandBuildings2022-04-012023-03-3109449889core:PlantMachinery2022-04-012023-03-3109449889core:Vehicles2022-04-012023-03-3109449889core:FurnitureFittings2022-04-012023-03-3109449889core:OfficeEquipment2022-04-012023-03-3109449889core:NetGoodwill2022-04-012023-03-3109449889core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109449889core:ListedExchangeTraded2022-04-012023-03-3109449889core:UnlistedNon-exchangeTraded2022-04-012023-03-3109449889core:MoreThanFiveYears2022-04-012023-03-3109449889core:Non-currentFinancialInstruments2023-03-3109449889core:Non-currentFinancialInstruments2022-03-3109449889dpl:CostSales2022-04-012023-03-3109449889dpl:DistributionCosts2022-04-012023-03-3109449889core:LandBuildings2022-04-012023-03-3109449889core:PlantMachinery2022-04-012023-03-3109449889core:Vehicles2022-04-012023-03-3109449889core:FurnitureFittings2022-04-012023-03-3109449889core:OfficeEquipment2022-04-012023-03-3109449889dpl:AdministrativeExpenses2022-04-012023-03-3109449889core:NetGoodwill2022-04-012023-03-3109449889core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109449889dpl:GroupUndertakings2022-04-012023-03-3109449889dpl:ParticipatingInterests2022-04-012023-03-3109449889dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3109449889core:ListedExchangeTraded2022-04-012023-03-3109449889dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3109449889core:UnlistedNon-exchangeTraded2022-04-012023-03-3109449889dpl:CostSales2021-04-012022-03-3109449889dpl:DistributionCosts2021-04-012022-03-3109449889core:LandBuildings2021-04-012022-03-3109449889core:PlantMachinery2021-04-012022-03-3109449889core:Vehicles2021-04-012022-03-3109449889core:FurnitureFittings2021-04-012022-03-3109449889core:OfficeEquipment2021-04-012022-03-3109449889dpl:AdministrativeExpenses2021-04-012022-03-3109449889core:NetGoodwill2021-04-012022-03-3109449889core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3109449889dpl:GroupUndertakings2021-04-012022-03-3109449889dpl:ParticipatingInterests2021-04-012022-03-3109449889dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3109449889core:ListedExchangeTraded2021-04-012022-03-3109449889dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3109449889core:UnlistedNon-exchangeTraded2021-04-012022-03-3109449889core:NetGoodwill2023-03-3109449889core:IntangibleAssetsOtherThanGoodwill2023-03-3109449889core:LandBuildings2023-03-3109449889core:PlantMachinery2023-03-3109449889core:Vehicles2023-03-3109449889core:FurnitureFittings2023-03-3109449889core:OfficeEquipment2023-03-3109449889core:AfterOneYear2023-03-3109449889core:WithinOneYear2023-03-3109449889core:ListedExchangeTraded2023-03-3109449889core:UnlistedNon-exchangeTraded2023-03-3109449889core:ShareCapital2023-03-3109449889core:SharePremium2023-03-3109449889core:RevaluationReserve2023-03-3109449889core:OtherReservesSubtotal2023-03-3109449889core:RetainedEarningsAccumulatedLosses2023-03-3109449889core:NetGoodwill2022-03-3109449889core:IntangibleAssetsOtherThanGoodwill2022-03-3109449889core:LandBuildings2022-03-3109449889core:PlantMachinery2022-03-3109449889core:Vehicles2022-03-3109449889core:FurnitureFittings2022-03-3109449889core:OfficeEquipment2022-03-3109449889core:AfterOneYear2022-03-3109449889core:WithinOneYear2022-03-3109449889core:ListedExchangeTraded2022-03-3109449889core:UnlistedNon-exchangeTraded2022-03-3109449889core:ShareCapital2022-03-3109449889core:SharePremium2022-03-3109449889core:RevaluationReserve2022-03-3109449889core:OtherReservesSubtotal2022-03-3109449889core:RetainedEarningsAccumulatedLosses2022-03-3109449889core:NetGoodwill2021-04-0109449889core:IntangibleAssetsOtherThanGoodwill2021-04-0109449889core:LandBuildings2021-04-0109449889core:PlantMachinery2021-04-0109449889core:Vehicles2021-04-0109449889core:FurnitureFittings2021-04-0109449889core:OfficeEquipment2021-04-0109449889core:AfterOneYear2021-04-0109449889core:WithinOneYear2021-04-0109449889core:ListedExchangeTraded2021-04-0109449889core:UnlistedNon-exchangeTraded2021-04-0109449889core:ShareCapital2021-04-0109449889core:SharePremium2021-04-0109449889core:RevaluationReserve2021-04-0109449889core:OtherReservesSubtotal2021-04-0109449889core:RetainedEarningsAccumulatedLosses2021-04-0109449889core:AfterOneYear2022-04-012023-03-3109449889core:WithinOneYear2022-04-012023-03-3109449889core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3109449889core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3109449889core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3109449889core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3109449889core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3109449889core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3109449889core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3109449889core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3109449889core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3109449889core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3109449889core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3109449889core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3109449889core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3109449889core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3109449889core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3109449889core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3109449889core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3109449889core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3109449889core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3109449889core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3109449889core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3109449889core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3109449889core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3109449889core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3109449889core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3109449889core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3109449889core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3109449889bus:Director12022-04-012023-03-3109449889bus:Director22022-04-012023-03-31

Shepherd Groundworks Limited

Registered Number
09449889
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Shepherd Groundworks Limited
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Mr P Shepherd
Mrs L Shepherd

Registered Address

2 Hobson Court
Penrith 40 Business Park
Penrith
CA11 9GQ

Registered Number

09449889 (England and Wales)
Shepherd Groundworks Limited
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,453,975280,048
1,453,975280,048
Current assets
Debtors81,259,650498,925
Cash at bank and on hand651,613215,800
1,911,263714,725
Creditors amounts falling due within one year9(1,836,687)(488,529)
Net current assets (liabilities)74,576226,196
Total assets less current liabilities1,528,551506,244
Creditors amounts falling due after one year10(824,853)(110,218)
Provisions for liabilities12(242,600)(51,868)
Net assets461,098344,158
Capital and reserves
Called up share capital100100
Profit and loss account460,998344,058
Shareholders' funds461,098344,158
The financial statements were approved and authorised for issue by the Board of Directors on 10 November 2023, and are signed on its behalf by:
Mr P Shepherd
Director
Registered Company No. 09449889
Shepherd Groundworks Limited
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Vehicles25
Office Equipment40
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Leases policy
Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Employee benefits policy
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Valuation of financial instruments policy
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
4.Employee information

20232022
Average number of employees during the year21
5.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 22297,607168,4414,735470,783
Additions950,108370,6903,1961,323,994
Disposals(40,760)(1,200)-(41,960)
At 31 March 231,206,955537,9317,9311,752,817
Depreciation and impairment
At 01 April 22136,64050,6823,413190,735
Charge for year86,22629,9681,222117,416
On disposals(9,309)--(9,309)
At 31 March 23213,55780,6504,635298,842
Net book value
At 31 March 23993,398457,2813,2961,453,975
At 31 March 22160,967117,7591,322280,048
6.Description of financial commitments other than capital commitments
As of 31 March 2023 the company had future minimum lease payments under non-cancellable operating leases of £84,648. (2022 - 70,343).
7.Description of nature of transactions and balances with related parties
During the year the director had a loan account with the company. At the balance sheet date the company owed the directors £63,626 (2022 - £65,057). This loan is unsecured, interest free and repayable upon demand. Interest was charged on this loan and the loan is repayable on demand.
8.Debtors

2023

2022

££
Trade debtors / trade receivables687,407164,988
Other debtors78,04981,999
Prepayments and accrued income494,194251,938
Total1,259,650498,925
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables613,900183,937
Bank borrowings and overdrafts9,6849,864
Taxation and social security544,98391,372
Finance lease and HP contracts188,62937,828
Other creditors166,34865,057
Accrued liabilities and deferred income313,143100,471
Total1,836,687488,529
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts23,85633,469
Other creditors800,99776,749
Total824,853110,218
Other creditors include finance lease and hire purchase liabilities as in note 11 below.
11.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts800,99776,748
Finance lease and HP contracts are secured against the assets to which they relate.
12.Provisions for liabilities
Provisions are made when an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position. Provisions are in respect of accelerated capital allowances and tax losses.

2023

2022

££
Net deferred tax liability (asset)242,60051,868
Total242,60051,868