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REGISTERED NUMBER: 03787511 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

CORNER GROUNDWORKS & PLANT LIMITED

CORNER GROUNDWORKS & PLANT LIMITED (REGISTERED NUMBER: 03787511)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORNER GROUNDWORKS & PLANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: D R Corner
J Corner





SECRETARY: J Corner





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 03787511 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

CORNER GROUNDWORKS & PLANT LIMITED (REGISTERED NUMBER: 03787511)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 744,807 759,975

CURRENT ASSETS
Stocks 11,013 16,260
Debtors 5 407,229 371,844
Cash at bank and in hand 1,267,084 1,008,148
1,685,326 1,396,252
CREDITORS
Amounts falling due within one year 6 199,491 244,931
NET CURRENT ASSETS 1,485,835 1,151,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,230,642

1,911,296

CREDITORS
Amounts falling due after more than one
year

7

(3,317

)

-

PROVISIONS FOR LIABILITIES (130,137 ) (101,539 )
NET ASSETS 2,097,188 1,809,757

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 2,097,186 1,809,755
SHAREHOLDERS' FUNDS 2,097,188 1,809,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CORNER GROUNDWORKS & PLANT LIMITED (REGISTERED NUMBER: 03787511)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





D R Corner - Director


CORNER GROUNDWORKS & PLANT LIMITED (REGISTERED NUMBER: 03787511)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Corner Groundworks & Plant 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.

Turnover
Turnover represents net invoiced work done, excluding value added tax.

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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

CORNER GROUNDWORKS & PLANT LIMITED (REGISTERED NUMBER: 03787511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 233,601 1,147,717 1,381,318
Additions - 194,181 194,181
Disposals - (46,500 ) (46,500 )
At 30 June 2023 233,601 1,295,398 1,528,999
DEPRECIATION
At 1 July 2022 4,672 616,671 621,343
Charge for year 4,672 173,435 178,107
Eliminated on disposal - (15,258 ) (15,258 )
At 30 June 2023 9,344 774,848 784,192
NET BOOK VALUE
At 30 June 2023 224,257 520,550 744,807
At 30 June 2022 228,929 531,046 759,975

The net book value of tangible fixed assets includes £ 11,433 (2022 - £ 25,032 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 359,825 319,338
Amounts owed by associates 20,447 20,000
Other debtors 26,957 32,506
407,229 371,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 4,200 12,381
Trade creditors 71,575 71,538
Taxation and social security 106,835 142,587
Other creditors 16,881 18,425
199,491 244,931

CORNER GROUNDWORKS & PLANT LIMITED (REGISTERED NUMBER: 03787511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 3,317 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts 7,517 12,381

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary £1 2 2