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REGISTERED NUMBER: 11238267 (England and Wales)















PAB GROUNDWORKS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






PAB GROUNDWORKS LTD (REGISTERED NUMBER: 11238267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


PAB GROUNDWORKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: P Brown
P J Teanby





REGISTERED OFFICE: The Larches
Station Road
Ludborough
Grimsby
N E Lincolnshire
DN36 5SQ





REGISTERED NUMBER: 11238267 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

PAB GROUNDWORKS LTD (REGISTERED NUMBER: 11238267)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,236 86,379

CURRENT ASSETS
Debtors 5 48,904 44,546
Cash at bank and in hand 56,705 9,757
105,609 54,303
CREDITORS
Amounts falling due within one year 6 33,808 18,718
NET CURRENT ASSETS 71,801 35,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,037

121,964

CREDITORS
Amounts falling due after more than one
year

7

(17,307

)

(27,741

)

PROVISIONS FOR LIABILITIES (17,335 ) (9,375 )
NET ASSETS 128,395 84,848

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 128,195 84,648
128,395 84,848

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 16th November 2023 and were signed on its behalf by:





P J Teanby - Director


PAB GROUNDWORKS LTD (REGISTERED NUMBER: 11238267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

PAB 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2022 86,890 17,257 104,147
Additions 32,560 - 32,560
At 31st March 2023 119,450 17,257 136,707
DEPRECIATION
At 1st April 2022 17,402 366 17,768
Charge for year 23,388 4,315 27,703
At 31st March 2023 40,790 4,681 45,471
NET BOOK VALUE
At 31st March 2023 78,660 12,576 91,236
At 31st March 2022 69,488 16,891 86,379

PAB GROUNDWORKS LTD (REGISTERED NUMBER: 11238267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st April 2022
and 31st March 2023 26,780
DEPRECIATION
At 1st April 2022 6,145
Charge for year 6,695
At 31st March 2023 12,840
NET BOOK VALUE
At 31st March 2023 13,940
At 31st March 2022 20,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 18,118 24,950
Amounts owed by group undertakings 9,404 -
Directors' current accounts - 1,150
CIS tax refundable - 1,796
VAT 18,997 14,630
Prepayments 2,385 2,020
48,904 44,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors (1,262 ) (915 )
Tax 4,189 4,119
CIS tax payable 778 1,504
Directors' current accounts 21,353 5,260
Accrued expenses 8,750 8,750
33,808 18,718

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 8,603 11,003
Hire purchase contracts 8,704 16,738
17,307 27,741