Fisher Brown Groundworks Limited 10424569 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is groundworks Digita Accounts Production Advanced 6.30.9574.0 true true 10424569 2021-04-01 2022-03-31 10424569 2022-03-31 10424569 core:RetainedEarningsAccumulatedLosses 2022-03-31 10424569 core:ShareCapital 2022-03-31 10424569 core:CurrentFinancialInstruments 2022-03-31 10424569 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10424569 core:Non-currentFinancialInstruments 2022-03-31 10424569 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 10424569 core:MotorVehicles 2022-03-31 10424569 core:OtherPropertyPlantEquipment 2022-03-31 10424569 bus:SmallEntities 2021-04-01 2022-03-31 10424569 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 10424569 bus:FullAccounts 2021-04-01 2022-03-31 10424569 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 10424569 bus:RegisteredOffice 2021-04-01 2022-03-31 10424569 bus:Director1 2021-04-01 2022-03-31 10424569 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 10424569 core:MotorVehicles 2021-04-01 2022-03-31 10424569 core:OtherPropertyPlantEquipment 2021-04-01 2022-03-31 10424569 core:PlantMachinery 2021-04-01 2022-03-31 10424569 countries:EnglandWales 2021-04-01 2022-03-31 10424569 2021-03-31 10424569 core:MotorVehicles 2021-03-31 10424569 core:OtherPropertyPlantEquipment 2021-03-31 10424569 2020-04-01 2021-03-31 10424569 2021-03-31 10424569 core:RetainedEarningsAccumulatedLosses 2021-03-31 10424569 core:ShareCapital 2021-03-31 10424569 core:CurrentFinancialInstruments 2021-03-31 10424569 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 10424569 core:Non-currentFinancialInstruments 2021-03-31 10424569 core:Non-currentFinancialInstruments core:AfterOneYear 2021-03-31 10424569 core:MotorVehicles 2021-03-31 10424569 core:OtherPropertyPlantEquipment 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 10424569

Fisher Brown Groundworks Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

image-name
 

Fisher Brown Groundworks Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Fisher Brown Groundworks Limited

Company Information

Director

Mr Alexander Anthony Edward Fisher

Registered office

30 Lucastes Lane
Haywards Heath
West Sussex
RH16 1LF

Accountants

Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Fisher Brown Groundworks Limited

(Registration number: 10424569)
Balance Sheet as at 31 March 2022

Note

2022
 £

2021
 £

Fixed Assets

 

Tangible Assets

4

15,737

70,286

Current assets

 

Debtors

5

13,248

37,622

Cash at bank and in hand

 

1,539

6,514

 

14,787

44,136

Creditors: Amounts falling due within one year

6

(109,577)

(142,773)

Net current liabilities

 

(94,790)

(98,637)

Total assets less current liabilities

 

(79,053)

(28,351)

Creditors: Amounts falling due after more than one year

6

(2,573)

(29,539)

Provisions for liabilities

(3,847)

(13,534)

Net liabilities

 

(85,473)

(71,424)

Capital and Reserves

 

Called up share capital

100

100

Profit and loss account

(85,573)

(71,524)

Total equity

 

(85,473)

(71,424)

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 February 2024
 

 

Fisher Brown Groundworks Limited

(Registration number: 10424569)
Balance Sheet as at 31 March 2022

.........................................
Mr Alexander Anthony Edward Fisher
Director

   
     
 

Fisher Brown Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
30 Lucastes Lane
Haywards Heath
West Sussex
RH16 1LF

These financial statements were authorised for issue by the director on 8 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Going concern

These accounts have been prepared on a going concern basis notwithstanding the company's net liability position at the balance sheet date. The director is confident that with his continued support, the company can remain in operational existence for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Fisher Brown Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Fisher Brown Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Fisher Brown Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:

2022
 No.

2021
 No.

Administration and support

2

2

2

2

 

Fisher Brown Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4

Tangible Assets

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 April 2021

55,191

104,199

159,390

Disposals

(18,641)

(90,450)

(109,091)

At 31 March 2022

36,550

13,749

50,299

Depreciation

At 1 April 2021

28,863

60,241

89,104

Charge for the year

4,351

1,451

5,802

Eliminated on disposal

(9,712)

(52,293)

(62,005)

Impairment

1,661

-

1,661

At 31 March 2022

25,163

9,399

34,562

Carrying amount

At 31 March 2022

11,387

4,350

15,737

At 31 March 2021

26,328

43,958

70,286

5

Debtors

Current

2022
£

2021
£

Trade Debtors

13,248

16,339

Other debtors

-

21,283

 

13,248

37,622

 

Fisher Brown Groundworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

6

Creditors

Creditors: amounts falling due within one year

Note

2022
 £

2021
 £

Due within one year

 

Loans and borrowings

7

25,732

53,083

Trade Creditors

 

5,018

3,102

Social security and other taxes

 

36,973

48,994

Other payables

 

36,689

35,049

Accrued expenses

 

5,165

2,545

 

109,577

142,773

Due after one year

 

Loans and borrowings

7

2,573

29,539

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

7

2,573

29,539

7

Loans and borrowings

2022
 £

2021
 £

Non-current loans and borrowings

HP and finance lease liabilities

2,573

29,539

2022
 £

2021
 £

Current loans and borrowings

HP and finance lease liabilities

10,563

28,669

Other borrowings

15,169

24,414

25,732

53,083