Company registration number 12763968 (England and Wales)
JJW GROUNDWORKS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
JJW GROUNDWORKS LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
JJW GROUNDWORKS LTD
COMPANY INFORMATION
- 1 -
Directors
Mrs R Dowding
Mr J Wyatt
Company number
12763968
Registered office
Nimlett House
Nimlet
Cold Ashton
Chippenham
England
SN14 8JX
Accountants
TC Group
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
JJW GROUNDWORKS LTD
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
36,214
7,972
Current assets
Debtors
5
88,471
115,216
Cash at bank and in hand
56,768
5,661
145,239
120,877
Creditors: amounts falling due within one year
6
(105,748)
(62,761)
Net current assets
39,491
58,116
Total assets less current liabilities
75,705
66,088
Provisions for liabilities
(5,966)
(1,515)
Net assets
69,739
64,573
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
69,736
64,570
Total equity
69,739
64,573

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

JJW GROUNDWORKS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 8 January 2024 and are signed on its behalf by:
Mr J Wyatt
Director
Company Registration No. 12763968
JJW GROUNDWORKS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 4 -
1
Accounting policies
Company information

JJW Groundworks Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Nimlett House, Nimlet, Cold Ashton, Chippenham, England, SN14 8JX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

JJW GROUNDWORKS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

JJW GROUNDWORKS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
4
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 August 2022
4,630
6,000
10,630
Additions
33,147
5,500
38,647
At 31 July 2023
37,777
11,500
49,277
Depreciation and impairment
At 1 August 2022
1,158
1,500
2,658
Depreciation charged in the year
7,905
2,500
10,405
At 31 July 2023
9,063
4,000
13,063
Carrying amount
At 31 July 2023
28,714
7,500
36,214
At 31 July 2022
3,472
4,500
7,972
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
28,293
60,223
Other debtors
60,178
54,993
88,471
115,216
JJW GROUNDWORKS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 7 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
46,305
16,578
Taxation and social security
8,335
10,879
Other creditors
51,108
35,304
105,748
62,761
2023-07-312022-08-01false08 January 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMrs R DowdingMr J Wyattfalse127639682022-08-012023-07-3112763968bus:Director12022-08-012023-07-3112763968bus:Director22022-08-012023-07-3112763968bus:RegisteredOffice2022-08-012023-07-31127639682023-07-31127639682022-07-3112763968core:PlantMachinery2023-07-3112763968core:MotorVehicles2023-07-3112763968core:PlantMachinery2022-07-3112763968core:MotorVehicles2022-07-3112763968core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3112763968core:CurrentFinancialInstrumentscore:WithinOneYear2022-07-3112763968core:CurrentFinancialInstruments2023-07-3112763968core:CurrentFinancialInstruments2022-07-3112763968core:ShareCapital2023-07-3112763968core:ShareCapital2022-07-3112763968core:RetainedEarningsAccumulatedLosses2023-07-3112763968core:RetainedEarningsAccumulatedLosses2022-07-3112763968core:PlantMachinery2022-08-012023-07-3112763968core:MotorVehicles2022-08-012023-07-31127639682021-08-012022-07-3112763968core:PlantMachinery2022-07-3112763968core:MotorVehicles2022-07-31127639682022-07-3112763968core:WithinOneYear2023-07-3112763968core:WithinOneYear2022-07-3112763968bus:PrivateLimitedCompanyLtd2022-08-012023-07-3112763968bus:SmallCompaniesRegimeForAccounts2022-08-012023-07-3112763968bus:FRS1022022-08-012023-07-3112763968bus:AuditExemptWithAccountantsReport2022-08-012023-07-3112763968bus:FullAccounts2022-08-012023-07-31xbrli:purexbrli:sharesiso4217:GBP