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REGISTERED NUMBER: 10811419 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Intelligent Groundworks Limited

Intelligent Groundworks Limited (Registered number: 10811419)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Intelligent Groundworks Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr N Uka





REGISTERED OFFICE: 7 Bryanstone road
Waltham cross
EN8 7FQ





REGISTERED NUMBER: 10811419 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Intelligent Groundworks Limited (Registered number: 10811419)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,964 141,844

CURRENT ASSETS
Stocks 5 262,662 -
Debtors 6 547,511 478,841
Cash at bank 32,661 34,066
842,834 512,907
CREDITORS
Amounts falling due within one
year

7

488,505

208,023
NET CURRENT ASSETS 354,329 304,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,293

446,728

CREDITORS
Amounts falling due after more
than one year

8

101,483

116,673
NET ASSETS 383,810 330,055

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 383,710 329,955
SHAREHOLDERS' FUNDS 383,810 330,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Intelligent Groundworks Limited (Registered number: 10811419)

Balance Sheet - continued
30 June 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 director and authorised for issue on 18 January 2024 and were signed by:





Mr N Uka - Director


Intelligent Groundworks Limited (Registered number: 10811419)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Intelligent Groundworks 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.

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

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 balance sheet date.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Intelligent Groundworks Limited (Registered number: 10811419)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 23,150 187,622 813 211,585
Additions - 32,775 - 32,775
At 30 June 2023 23,150 220,397 813 244,360
DEPRECIATION
At 1 July 2022 9,645 59,476 620 69,741
Charge for year 3,376 40,230 49 43,655
At 30 June 2023 13,021 99,706 669 113,396
NET BOOK VALUE
At 30 June 2023 10,129 120,691 144 130,964
At 30 June 2022 13,505 128,146 193 141,844

5. STOCKS
30.6.23 30.6.22
£    £   
Work-in-progress 262,662 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 375,209 351,054
Other debtors 172,302 127,787
547,511 478,841

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 37,802 31,305
Trade creditors 309,703 30,820
Taxation and social security 45,169 51,141
Other creditors 90,831 89,757
488,505 208,023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 10,833 15,833
Hire purchase contracts 90,650 100,840
101,483 116,673

Intelligent Groundworks Limited (Registered number: 10811419)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2022 329,955
Profit for the year 53,755
At 30 June 2023 383,710

11. RELATED PARTY DISCLOSURES

During the year, no dividend was paid to the director.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N Uka.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.