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REGISTERED NUMBER: 12103145 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

M P Wood Groundworks Ltd

M P Wood Groundworks Ltd (Registered number: 12103145)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


M P Wood Groundworks Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: M Wood





REGISTERED OFFICE: Dowercroft
Holberrow Green
Redditch
Worcestershire
B96 6SF





REGISTERED NUMBER: 12103145 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

M P Wood Groundworks Ltd (Registered number: 12103145)

Abridged Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,173 69,305

CURRENT ASSETS
Stocks 126,500 10,855
Debtors 36,073 52,949
Cash at bank 5,745 33,152
168,318 96,956
CREDITORS
Amounts falling due within one year 214,852 127,741
NET CURRENT LIABILITIES (46,534 ) (30,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,639

38,520

CREDITORS
Amounts falling due after more than one
year

(32,759

)

(5,972

)

PROVISIONS FOR LIABILITIES (22,833 ) (13,168 )
NET ASSETS 18,047 19,380

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 18,046 19,379
SHAREHOLDERS' FUNDS 18,047 19,380

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 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.

M P Wood Groundworks Ltd (Registered number: 12103145)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 January 2024 and were signed by:





M Wood - Director


M P Wood Groundworks Ltd (Registered number: 12103145)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

M P Wood Groundworks Ltd 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.

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.

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

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

M P Wood Groundworks Ltd (Registered number: 12103145)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 107,597
Additions 91,316
At 31 July 2023 198,913
DEPRECIATION
At 1 August 2022 38,292
Charge for year 40,448
At 31 July 2023 78,740
NET BOOK VALUE
At 31 July 2023 120,173
At 31 July 2022 69,305

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 84,450
At 31 July 2023 84,450
DEPRECIATION
Charge for year 21,112
At 31 July 2023 21,112
NET BOOK VALUE
At 31 July 2023 63,338

M P Wood Groundworks Ltd (Registered number: 12103145)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,000 1,667

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,000 1,667

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,609 4,305

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1

7. RELATED PARTY DISCLOSURES

During the year amount due to related party, Reedcroft Limited, amounted to £19,465 (2022 - £10,599).

8. ULTIMATE CONTROLLING PARTY

During the financial year the controlling party was the director by virtue of his 100% holding of the issued share capital.