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Company Registration No. 11899053 (England and Wales)
CAV GROUNDWORKS LTD Unaudited accounts for the year ended 31 March 2023
CAV GROUNDWORKS LTD Unaudited accounts Contents
Page
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CAV GROUNDWORKS LTD Company Information for the year ended 31 March 2023
Director
Colin Lopez
Company Number
11899053 (England and Wales)
Registered Office
29 BLACKWOOD CLOSE WEST BYFLEET KT14 6PP ENGLAND
Accountants
Golding & Co Accounting Services Limited 29 Blackwood Close West Byfleet Surrey KT14 6PP
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CAV GROUNDWORKS LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
127,196 
97,216 
Investments
20,000 
20,000 
147,196 
117,216 
Current assets
Debtors
359,104 
180,876 
Cash at bank and in hand
2,830 
28,830 
361,934 
209,706 
Creditors: amounts falling due within one year
(308,648)
(177,578)
Net current assets
53,286 
32,128 
Total assets less current liabilities
200,482 
149,344 
Creditors: amounts falling due after more than one year
(65,643)
(71,927)
Provisions for liabilities
Deferred tax
(25,439)
(19,443)
Net assets
109,400 
57,974 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
109,200 
57,774 
Shareholders' funds
109,400 
57,974 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2023 and were signed on its behalf by
Colin Lopez Director Company Registration No. 11899053
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CAV GROUNDWORKS LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
CAV GROUNDWORKS LTD is a private company, limited by shares, registered in England and Wales, registration number 11899053. The registered office is 29 BLACKWOOD CLOSE, WEST BYFLEET, KT14 6PP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
33% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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CAV GROUNDWORKS LTD Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
The director believes that preparing the financial statements on a going concern basis is appropriate as there are no material uncertainties related to events or conditions that cast significant doubt on the ability of the company to continue as a going concern.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
79,370 
38,500 
2,636 
120,506 
Additions
24,900 
48,550 
- 
73,450 
Disposals
- 
(8,500)
- 
(8,500)
At 31 March 2023
104,270 
78,550 
2,636 
185,456 
Depreciation
At 1 April 2022
15,579 
6,206 
1,505 
23,290 
Charge for the year
20,361 
16,552 
713 
37,626 
On disposals
- 
(2,656)
- 
(2,656)
At 31 March 2023
35,940 
20,102 
2,218 
58,260 
Net book value
At 31 March 2023
68,330 
58,448 
418 
127,196 
At 31 March 2022
63,791 
32,294 
1,131 
97,216 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
20,000 
Valuation at 31 March 2023
20,000 
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CAV GROUNDWORKS LTD Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
28,181 
44,425 
Trade debtors
45,378 
25,960 
Accrued income and prepayments
268,484 
97,500 
Other debtors
17,061 
12,991 
359,104 
180,876 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,556 
5,556 
Obligations under finance leases and hire purchase contracts
30,068 
27,336 
Trade creditors
130,399 
97,461 
Amounts owed to group undertakings and other participating interests
52,852 
- 
Taxes and social security
62,953 
16,644 
Other creditors
10,000 
10,000 
Loans from directors
- 
1,951 
Accruals
16,820 
18,630 
308,648 
177,578 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,648 
41,203 
Obligations under finance leases and hire purchase contracts
29,995 
30,724 
65,643 
71,927 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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