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REGISTERED NUMBER: 10114928 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Archway Groundworks Ltd

Archway Groundworks Ltd (Registered number: 10114928)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Archway Groundworks Ltd

Company Information
for the year ended 31 May 2023







DIRECTORS: P L Pedley OBE
J Hill





SECRETARY: C R Cooper





REGISTERED OFFICE: The East Barn Hollowmoor Heath
Great Barrow
Chester
Cheshire
CH3 7LF





REGISTERED NUMBER: 10114928 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

Archway Groundworks Ltd (Registered number: 10114928)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,474 93,244

CURRENT ASSETS
Stocks 1,199 32,770
Debtors 5 21,966 24,173
Cash at bank 81,609 132,902
104,774 189,845
CREDITORS
Amounts falling due within one year 6 136,906 249,011
NET CURRENT LIABILITIES (32,132 ) (59,166 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,342 34,078

CREDITORS
Amounts falling due after more than one year 7 - (8,354 )

PROVISIONS FOR LIABILITIES (13,369 ) (17,716 )
NET ASSETS 7,973 8,008

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings 1,973 2,008
7,973 8,008

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

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

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 8 November 2023 and were signed on its behalf by:





P L Pedley OBE - Director


Archway Groundworks Ltd (Registered number: 10114928)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Archway 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.

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 - 25% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

Archway Groundworks Ltd (Registered number: 10114928)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 172,128 93,987 266,115
Additions 1,250 12,499 13,749
Disposals - (9,900 ) (9,900 )
At 31 May 2023 173,378 96,586 269,964
DEPRECIATION
At 1 June 2022 119,752 53,119 172,871
Charge for year 34,797 18,722 53,519
Eliminated on disposal - (9,900 ) (9,900 )
At 31 May 2023 154,549 61,941 216,490
NET BOOK VALUE
At 31 May 2023 18,829 34,645 53,474
At 31 May 2022 52,376 40,868 93,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 21,966 24,173

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,727 17,432
Trade creditors 19,592 54,710
Amounts owed to group undertakings 75,000 135,000
Taxation and social security 7,836 13,178
Other creditors 24,751 28,691
136,906 249,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 8,354

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Owed to group undertaking 75,000 135,000

9. RELATED PARTY DISCLOSURES

Amounts owed to group undertakings includes an amount of £75,000 (2022 : £135,000) owed to Archway Holdings Ltd. The loan is secured with a fixed and floating charge on the assets of Archway Groundworks Ltd and is repayable on demand. No interest was charged during the period.