2022-12-01 07425558 2023-11-30 07425558 2022-12-01 2023-11-30 07425558 2022-11-30 07425558 2021-12-01 2022-11-30 07425558 uk-core:WithinOneYear 2022-11-30 07425558 uk-core:WithinOneYear 2023-11-30 07425558 uk-core:ShareCapital 2023-11-30 07425558 uk-core:ShareCapital 2022-11-30 07425558 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 07425558 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 07425558 uk-bus:Director1 2022-12-01 2023-11-30 07425558 uk-bus:Director2 2022-12-01 2023-11-30 07425558 uk-core:PlantMachinery 2022-12-01 2023-11-30 07425558 uk-core:CommercialMotorVehicles 2022-12-01 2023-11-30 07425558 uk-core:CommercialMotorVehicles 2022-11-30 07425558 uk-core:PlantMachinery 2022-11-30 07425558 uk-core:PlantMachinery 2023-11-30 07425558 uk-core:CommercialMotorVehicles 2023-11-30 iso4217:GBP xbrli:pure 07425558 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07425558 uk-bus:FRS102 2022-12-01 2023-11-30 07425558 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 07425558 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
M T Groundworks Limited
Registered Number:07425558
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
M T Groundworks Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07425558
As at 30 November 2023
M T Groundworks Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
15,565
20,660
2
15,565
20,660
Current assets
Inventories
2,120
3,150
3
Trade and other receivables
15,790
13,598
4
98,499
Cash and cash equivalents
122,713
139,461
116,409
Trade and other payables: amounts falling due within
one year
(29,458)
(30,988)
5
86,951
108,473
Net current assets
Total assets less current liabilities
124,038
107,611
(1,817)
(2,535)
Provisions for liabilities
122,221
Net assets
105,076
Capital and reserves
Called up share capital
100
100
Retained earnings
122,121
104,976
122,221
105,076
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07425558
For the year ended 30 November 2023
M T Groundworks Limited
Statement of Financial Position Continued
Mr Michael John Outen Director
Mrs Clare Denise Outen Director
These financial statements were approved and authorised for issue by the Board on 06 March 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 November 2023
M T Groundworks Limited
Notes to the Financial Statements
Statutory Information
M T Groundworks Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 07425558.
Registered address:
Rusborn
Oxborough Road
Stoke Ferry
Norfolk
PE33 9TA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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6
For the year ended 30 November 2023
M T Groundworks Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 December 2022
43,528
41,528
2,000
At 30 November 2023
2,000
41,528
43,528
Provision for depreciation and impairment
At 01 December 2022
22,868
21,563
1,305
Charge for year
5,095
4,990
105
At 30 November 2023
27,963
26,553
1,410
At 30 November 2023
Net book value
590
14,975
15,565
At 30 November 2022
695
19,965
20,660
3. Inventories
2022
2023
£
£
Stocks
3,150
2,120
4. Trade and other receivables
2022
2023
£
£
Trade debtors
3,079
4,869
Other debtors
10,519
10,921
15,790
13,598
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
8,962
7,987
Other creditors
22,026
21,471
30,988
29,458
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7
For the year ended 30 November 2023
M T Groundworks Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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