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REGISTERED NUMBER: SC678232 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CONCRETE GROUNDWORK'S GROUP LIMITED

CONCRETE GROUNDWORK'S GROUP LIMITED (REGISTERED NUMBER: SC678232)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONCRETE GROUNDWORK'S GROUP LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: C Macrae
R Wilson





SECRETARY: Miss M Hervo





REGISTERED OFFICE: Unit 30a
Ben Nevis Drive
Ben Nevis Industrial Estate
FORT WILLIAM
PH33 6PR





REGISTERED NUMBER: SC678232 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

CONCRETE GROUNDWORK'S GROUP LIMITED (REGISTERED NUMBER: SC678232)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,223 38,636

CURRENT ASSETS
Stocks 33,360 24,112
Debtors 5 62,089 6,525
Cash at bank 4,548 3,469
99,997 34,106
CREDITORS
Amounts falling due within one year 6 73,289 29,901
NET CURRENT ASSETS 26,708 4,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,931

42,841

CREDITORS
Amounts falling due after more than one
year

7

(59,267

)

(27,808

)

PROVISIONS FOR LIABILITIES (13,915 ) (7,433 )
NET ASSETS 29,749 7,600

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 29,748 7,599
SHAREHOLDERS' FUNDS 29,749 7,600

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.

CONCRETE GROUNDWORK'S GROUP LIMITED (REGISTERED NUMBER: SC678232)

BALANCE SHEET - continued
31 March 2023


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 22 November 2023 and were signed on its behalf by:





C Macrae - Director


CONCRETE GROUNDWORK'S GROUP LIMITED (REGISTERED NUMBER: SC678232)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Concrete Groundwork's Group Limited is a private company, limited by shares , registered in Scotland. 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CONCRETE GROUNDWORK'S GROUP LIMITED (REGISTERED NUMBER: SC678232)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 12,680 37,990 50,670
Additions 35,000 24,985 59,985
At 31 March 2023 47,680 62,975 110,655
DEPRECIATION
At 1 April 2022 2,536 9,498 12,034
Charge for year 9,029 13,369 22,398
At 31 March 2023 11,565 22,867 34,432
NET BOOK VALUE
At 31 March 2023 36,115 40,108 76,223
At 31 March 2022 10,144 28,492 38,636

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 61,890 683
Other debtors 199 5,842
62,089 6,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,080 -
Hire purchase contracts 21,734 8,246
Trade creditors - 17,238
Taxation and social security 19,992 1,011
Other creditors 9,483 3,406
73,289 29,901

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 59,267 27,808