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
CAV GROUNDWORKS LTD
Company Information
for the year ended 31 March 2023
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
CAV GROUNDWORKS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
127,196
97,216
Cash at bank and in hand
2,830
28,830
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)
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
CAV GROUNDWORKS LTD
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
CAV GROUNDWORKS LTD
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
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.
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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
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
At 31 March 2023
68,330
58,448
418
127,196
At 31 March 2022
63,791
32,294
1,131
97,216
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Investments
Subsidiary undertakings
Valuation at 1 April 2022
20,000
Valuation at 31 March 2023
20,000
CAV GROUNDWORKS LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
45,378
25,960
Accrued income and prepayments
268,484
97,500
Other debtors
17,061
12,991
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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
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
29,995
30,724
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).