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REGISTERED NUMBER: 05352957 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: P G O'Dell
J P Batt
S O'Dell





SECRETARY: P G O'Dell





REGISTERED OFFICE: Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT





REGISTERED NUMBER: 05352957 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 197,015 194,916
197,015 194,916

CURRENT ASSETS
Stocks 101,368 97,951
Debtors 6 88,301 107,434
Cash at bank and in hand 106,738 65,077
296,407 270,462
CREDITORS
Amounts falling due within one year 7 236,305 170,756
NET CURRENT ASSETS 60,102 99,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,117

294,622

CREDITORS
Amounts falling due after more than one
year

8

(25,278

)

(15,728

)

PROVISIONS FOR LIABILITIES 10 (108,876 ) (126,276 )
NET ASSETS 122,963 152,618

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 122,863 152,518
SHAREHOLDERS' FUNDS 122,963 152,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

BALANCE SHEET - continued
31 JULY 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 17 April 2024 and were signed on its behalf by:





J P Batt - Director


PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Peter O'Dell Groundwork Contractors 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been fully amortised evenly over its estimated useful life of ten years.

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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Stocks
Stocks include work in progress for the business which is valued at the lower of cost and net realisable value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 500,000
AMORTISATION
At 1 August 2022
and 31 July 2023 500,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 466,350 1,017 192,450 5,991 665,808
Additions 88,365 - - 615 88,980
Disposals (55,550 ) - (80,100 ) - (135,650 )
At 31 July 2023 499,165 1,017 112,350 6,606 619,138
DEPRECIATION
At 1 August 2022 306,834 1,003 158,862 4,193 470,892
Charge for year 60,231 3 4,833 603 65,670
Eliminated on disposal (48,595 ) - (65,844 ) - (114,439 )
At 31 July 2023 318,470 1,006 97,851 4,796 422,123
NET BOOK VALUE
At 31 July 2023 180,695 11 14,499 1,810 197,015
At 31 July 2022 159,516 14 33,588 1,798 194,916

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2022 186,000
Additions 85,000
Transfer to ownership (103,000 )
At 31 July 2023 168,000
DEPRECIATION
At 1 August 2022 95,859
Charge for year 32,922
Transfer to ownership (59,547 )
At 31 July 2023 69,234
NET BOOK VALUE
At 31 July 2023 98,766
At 31 July 2022 90,141

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,682 55,290
Other debtors 59,924 46,897
Prepayments 4,695 5,247
88,301 107,434

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 37,394 25,026
Trade creditors 161,142 100,247
Tax 14,555 22,788
Social security and other taxes 15,020 14,995
Other creditors 2,799 2,945
Directors' current accounts 2,495 2,255
Accruals 2,900 2,500
236,305 170,756

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 25,278 15,728

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 62,672 40,754

The hire purchase contracts are secured against the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 37,076 34,776
Remedial provisions 71,800 91,500
108,876 126,276

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred Remedial
tax Provisions
£    £   
Balance at 1 August 2022 34,776 91,500
Provided during year 2,300 (19,700 )
Balance at 31 July 2023 37,076 71,800

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 August 2022 152,518
Profit for the year 70,345
Dividends (100,000 )
At 31 July 2023 122,863