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REGISTERED NUMBER: 13917603 (England and Wales)















Financial Statements for the Period 15 February 2022 to 31 March 2023

for

Flare Groundworks Ltd

Flare Groundworks Ltd (Registered number: 13917603)






Contents of the Financial Statements
for the Period 15 February 2022 to 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Flare Groundworks Ltd

Company Information
for the Period 15 February 2022 to 31 March 2023







DIRECTORS: R Butler
M Hatton





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire





REGISTERED NUMBER: 13917603 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Flare Groundworks Ltd (Registered number: 13917603)

Statement of Financial Position
31 March 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 57,727

CURRENT ASSETS
Debtors 5 18,473
Cash at bank 6,304
24,777
CREDITORS
Amounts falling due within one year 6 24,410
NET CURRENT ASSETS 367
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,094

CREDITORS
Amounts falling due after more than one
year

7

(45,809

)

PROVISIONS FOR LIABILITIES (12,700 )
NET LIABILITIES (415 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (417 )
(415 )

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

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

Flare Groundworks Ltd (Registered number: 13917603)

Statement of Financial Position - 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.

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 13 November 2023 and were signed on its behalf by:





M Hatton - Director


Flare Groundworks Ltd (Registered number: 13917603)

Notes to the Financial Statements
for the Period 15 February 2022 to 31 March 2023

1. STATUTORY INFORMATION

Flare 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.

The financial statements have been prepared on a going concern basis, which assumes that company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

Taxation
Taxation for the period 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 statement of financial position date.

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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Flare Groundworks Ltd (Registered number: 13917603)

Notes to the Financial Statements - continued
for the Period 15 February 2022 to 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 70,440
At 31 March 2023 70,440
DEPRECIATION
Charge for period 12,713
At 31 March 2023 12,713
NET BOOK VALUE
At 31 March 2023 57,727

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 61,245
At 31 March 2023 61,245
DEPRECIATION
Charge for period 10,984
At 31 March 2023 10,984
NET BOOK VALUE
At 31 March 2023 50,261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts recoverable on contract 10,000
Other debtors 8,473
18,473

Flare Groundworks Ltd (Registered number: 13917603)

Notes to the Financial Statements - continued
for the Period 15 February 2022 to 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 9,252
Taxation and social security 9,732
Other creditors 5,426
24,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 45,809