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REGISTERED NUMBER: 02947274 (England and Wales)















Groundwork Environmental
Services (Leeds) Limited

Report of the Directors and

Unaudited Financial Statements For The Year Ended 31 March 2023






Groundwork Environmental
Services (Leeds) Limited (Registered number: 02947274)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Groundwork Environmental
Services (Leeds) Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: Mr A N Curtis
Mr T Lincoln



REGISTERED OFFICE: The Environment & Business Centre
Merlyn Rees Avenue
Morley
Leeds
LS27 9SL



REGISTERED NUMBER: 02947274 (England and Wales)



ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: Unity Trust Bank plc
Nine Brindley Place
4 Oozells Square
Birmingham
B1 2HB



SOLICITORS: Eversheds
Cloth Hall Court
Infirmary Street
Leeds
LS1 2JB

Groundwork Environmental
Services (Leeds) Limited (Registered number: 02947274)

Report of the Directors
For The Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

Mr A N Curtis
Mr T Lincoln

RESULTS FOR THE YEAR
A loss of £3,800 prior to Gift Aid (2022: £2,694 profit) was made on turnover of £0 (2022: £2,395).

REVIEW OF BUSINESS
During the period of this report, GES (Leeds) Limited was a trading subsidiary of the Leeds Groundwork Trust, a charitable company whose objects are environmental and employment improvements in the City of Leeds.

Whilst GES is not directly involved in the provision of charitable services to the people of Leeds, it has worked closely with the Trust and its contribution to the success of the Trust is more than simply the gift aiding of annual surplus. GES actively promotes the aims of the Trust and the national Groundwork network, often in areas where the Groundwork message has not previously been heard.

On 1 January 2021, Groundwork Wakefield, having completed its merger with the Leeds Groundwork Trust and Groundwork North Yorkshire, changed its name to Groundwork Yorkshire Limited and amended its Articles of Association so that its charitable area covers Yorkshire and the Humber.

Groundwork Yorkshire now has a remit to deliver Groundwork's charitable services across Yorkshire and the Humber. This means that the work channelled through GES (Leeds) has diminished, as it is now being undertaken by the charity. Currently, activity delivered through GES (Leeds) consists exclusively of legacy projects. Once these are complete, we expect the company to be wound up.

DIVIDENDS AND TRANSFERS TO RESERVES
The Directors do not recommend the payment of a dividend.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr A N Curtis - Director


26 September 2023

Groundwork Environmental
Services (Leeds) Limited (Registered number: 02947274)

Income Statement
For The Year Ended 31 March 2023

2023 2022
Notes £    £   

TURNOVER - 2,395

Cost of sales 5,628 150
GROSS (LOSS)/PROFIT (5,628 ) 2,245

Administrative expenses (1,929 ) (3,921 )
OPERATING (LOSS)/PROFIT (3,699 ) 6,166

Gift Aid donation to
parent charity 4 2,694 -
(6,393 ) 6,166

Interest receivable and similar income 684 -
(5,709 ) 6,166

Interest payable and similar expenses 785 3,472
(LOSS)/PROFIT BEFORE TAXATION (6,494 ) 2,694

Tax on (loss)/profit - -
(LOSS)/PROFIT FOR THE FINANCIAL YEAR (6,494 ) 2,694

Groundwork Environmental
Services (Leeds) Limited (Registered number: 02947274)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks - 5,628
Debtors 6 46,308 283,891
Cash at bank 7,280 1,182
53,588 290,701
CREDITORS
Amounts falling due within one year 7 53,161 283,780
NET CURRENT ASSETS 427 6,921
TOTAL ASSETS LESS CURRENT LIABILITIES 427 6,921

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 327 6,821
SHAREHOLDERS' FUNDS 427 6,921

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:





Mr A N Curtis - Director


Groundwork Environmental
Services (Leeds) Limited (Registered number: 02947274)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Groundwork Environmental Services (Leeds) Limited 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 company and its parent undertaking have merged with Groundwork Wakefield Limited and Groundwork North Yorkshire to form Groundwork Yorkshire Limited. After a run-off period in which existing projects will continue to a conclusion in this company and new ones will start in the merged group, this will involve all assets, liabilities and operations transferring to the merged group without leaving any creditors unpaid. The financial statements have therefore been prepared on a basis other than going concern. However, as the activities of the company since the transfer have been largely unchanged, no material adjustments were required to the carrying values of the assets and liabilities as a result of ceasing to apply the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Revenue is recognised when work is performed. Any excess of sales invoiced over revenue recognised is included as deferred income within other creditors, and any deficit as accrued income within other debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Vehicles and plant - 20% on cost
Other equipment - 20% on cost
Computer equipment - 33% on cost

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.


Groundwork Environmental
Services (Leeds) Limited (Registered number: 02947274)

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

2. ACCOUNTING POLICIES - continued
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 NIL (2022 - NIL).

4. EXCEPTIONAL ITEMS
2023 2022
£    £   
Gift Aid donation to
parent charity (2,694 ) -

5. TANGIBLE FIXED ASSETS
Vehicles Other Computer
and plant equipment equipment Totals
£    £    £    £   
COST
At 1 April 2022 33,218 9,411 6,441 49,070
Disposals (33,218 ) (9,411 ) (6,441 ) (49,070 )
At 31 March 2023 - - - -
DEPRECIATION
At 1 April 2022 33,218 9,411 6,441 49,070
Eliminated on disposal (33,218 ) (9,411 ) (6,441 ) (49,070 )
At 31 March 2023 - - - -
NET BOOK VALUE
At 31 March 2023 - - - -
At 31 March 2022 - - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 684 -
Other debtors 45,624 283,891
46,308 283,891

Groundwork Environmental
Services (Leeds) Limited (Registered number: 02947274)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,020
Amounts owed to group undertakings 53,131 234,918
Other creditors - 45,777
Accruals and deferred income 30 2,065
53,161 283,780

8. ULTIMATE CONTROLLING PARTY

The controlling party is the company's parent company, The Leeds Groundwork Trust.

Its registered office is The Environment & Business Centre, Merlyn Rees Avenue, Morley, Leeds, LS27 9SL.

Group accounts are available from Companies House.