IRIS Accounts Production v23.2.0.158 07945293 director 1.3.22 28.2.23 28.2.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079452932022-02-28079452932023-02-28079452932022-03-012023-02-28079452932021-02-28079452932021-03-012022-02-28079452932022-02-2807945293ns10:Originalns15:EnglandWales2022-03-012023-02-2807945293ns14:PoundSterlingns10:Original2022-03-012023-02-2807945293ns10:Originalns10:Director12022-03-012023-02-2807945293ns10:Original2022-03-012023-02-2807945293ns10:Original2023-02-2807945293ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2807945293ns10:Originalns10:SmallEntities2022-03-012023-02-2807945293ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2807945293ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2807945293ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2807945293ns10:Originalns10:FullAccounts2022-03-012023-02-2807945293ns10:Original12022-03-012023-02-2807945293ns10:Original2022-02-2807945293ns10:Originalns5:CurrentFinancialInstruments2023-02-2807945293ns10:Originalns5:CurrentFinancialInstruments2022-02-2807945293ns10:Originalns5:Non-currentFinancialInstruments2023-02-2807945293ns10:Originalns5:Non-currentFinancialInstruments2022-02-2807945293ns5:ShareCapitalns10:Original2023-02-2807945293ns5:ShareCapitalns10:Original2022-02-2807945293ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2807945293ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2807945293ns10:Originalns10:RegisteredOffice2022-03-012023-02-2807945293ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-012023-02-2807945293ns10:Originalns5:PlantMachinery2022-03-012023-02-2807945293ns10:Originalns5:FurnitureFittings2022-03-012023-02-2807945293ns10:Originalns5:MotorVehicles2022-03-012023-02-2807945293ns10:Original2021-03-012022-02-2807945293ns10:Originalns5:NetGoodwill2022-02-2807945293ns10:Originalns5:NetGoodwill2022-03-012023-02-2807945293ns10:Originalns5:NetGoodwill2023-02-2807945293ns10:Originalns5:NetGoodwill2022-02-2807945293ns10:Originalns5:PlantMachinery2022-02-2807945293ns10:Originalns5:FurnitureFittings2022-02-2807945293ns10:Originalns5:MotorVehicles2022-02-2807945293ns10:Original2022-02-2807945293ns10:Originalns5:PlantMachinery2023-02-2807945293ns10:Originalns5:FurnitureFittings2023-02-2807945293ns10:Originalns5:MotorVehicles2023-02-2807945293ns10:Originalns5:PlantMachinery2022-02-2807945293ns10:Originalns5:FurnitureFittings2022-02-2807945293ns10:Originalns5:MotorVehicles2022-02-2807945293ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2807945293ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 07945293 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

S GROSVENOR GROUNDWORKS & BUILDING
LIMITED

S GROSVENOR GROUNDWORKS & BUILDING
LIMITED (REGISTERED NUMBER: 07945293)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


S GROSVENOR GROUNDWORKS & BUILDING
LIMITED (REGISTERED NUMBER: 07945293)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 83
Property, plant and equipment 5 27,247 32,282
27,247 32,365

CURRENT ASSETS
Inventories 281 266
Debtors 6 25,995 6,968
Cash at bank 21,292 38,623
47,568 45,857
CREDITORS
Amounts falling due within one year 7 (20,387 ) (22,813 )
NET CURRENT ASSETS 27,181 23,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,428

55,409

CREDITORS
Amounts falling due after more than one
year

8

(10,576

)

(19,318

)

PROVISIONS FOR LIABILITIES (5,174 ) (6,132 )
NET ASSETS 38,678 29,959

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 38,677 29,958
38,678 29,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S GROSVENOR GROUNDWORKS & BUILDING
LIMITED (REGISTERED NUMBER: 07945293)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 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 director and authorised for issue on 29 November 2023 and were signed by:





S Grosvenor - Director


S GROSVENOR GROUNDWORKS & BUILDING
LIMITED (REGISTERED NUMBER: 07945293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

S Grosvenor Groundworks & Building Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07945293

Registered office: C/o DPC Accountants
Stone House
55 Stone Road Business Park
Stoke on Trent
Staffordshire
ST4 6SR

The presentation currency of the financial statements is the Pound Sterling (£).


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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

i) Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

REVENUE RECOGNITION
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

S GROSVENOR GROUNDWORKS & BUILDING
LIMITED (REGISTERED NUMBER: 07945293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

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 - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

STOCKS
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

S GROSVENOR GROUNDWORKS & BUILDING
LIMITED (REGISTERED NUMBER: 07945293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 10,000
AMORTISATION
At 1 March 2022 9,917
Amortisation for year 83
At 28 February 2023 10,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 83

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 62,188 5,370 19,370 86,928
Additions 150 - - 150
At 28 February 2023 62,338 5,370 19,370 87,078
DEPRECIATION
At 1 March 2022 35,229 3,423 15,994 54,646
Charge for year 4,049 292 844 5,185
At 28 February 2023 39,278 3,715 16,838 59,831
NET BOOK VALUE
At 28 February 2023 23,060 1,655 2,532 27,247
At 28 February 2022 26,959 1,947 3,376 32,282

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 21,633 2,772
Other debtors 4,362 4,196
25,995 6,968

S GROSVENOR GROUNDWORKS & BUILDING
LIMITED (REGISTERED NUMBER: 07945293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors - 2,250
Taxation and social security 7,936 3,068
Other creditors 12,451 17,495
20,387 22,813

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other creditors 10,576 19,318

9. RELATED PARTY DISCLOSURES

At the year end, £20,576 was owed to the director by the company (2022 £29,318).

All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.