IRIS Accounts Production v23.4.0.336 05631648 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056316482022-11-30056316482023-11-30056316482022-12-012023-11-30056316482021-11-30056316482021-12-012022-11-30056316482022-11-3005631648ns15:EnglandWales2022-12-012023-11-3005631648ns14:PoundSterling2022-12-012023-11-3005631648ns10:Director12022-12-012023-11-3005631648ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3005631648ns10:SmallEntities2022-12-012023-11-3005631648ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3005631648ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005631648ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005631648ns10:FullAccounts2022-12-012023-11-300563164812022-12-012023-11-3005631648ns10:Director22022-12-012023-11-3005631648ns10:Director32022-12-012023-11-3005631648ns10:CompanySecretary12022-12-012023-11-3005631648ns10:RegisteredOffice2022-12-012023-11-3005631648ns5:CurrentFinancialInstruments2023-11-3005631648ns5:CurrentFinancialInstruments2022-11-3005631648ns5:Non-currentFinancialInstruments2023-11-3005631648ns5:Non-currentFinancialInstruments2022-11-3005631648ns5:ShareCapital2023-11-3005631648ns5:ShareCapital2022-11-3005631648ns5:RetainedEarningsAccumulatedLosses2023-11-3005631648ns5:RetainedEarningsAccumulatedLosses2022-11-3005631648ns5:NetGoodwill2022-12-012023-11-3005631648ns5:PlantMachinery2022-12-012023-11-3005631648ns5:FurnitureFittings2022-12-012023-11-3005631648ns5:MotorVehicles2022-12-012023-11-3005631648ns5:NetGoodwill2022-11-3005631648ns5:NetGoodwill2023-11-3005631648ns5:NetGoodwill2022-11-3005631648ns5:LandBuildings2022-11-3005631648ns5:PlantMachinery2022-11-3005631648ns5:LandBuildings2022-12-012023-11-3005631648ns5:LandBuildings2023-11-3005631648ns5:PlantMachinery2023-11-3005631648ns5:LandBuildings2022-11-3005631648ns5:PlantMachinery2022-11-3005631648ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3005631648ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3005631648ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3005631648ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3005631648ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-11-3005631648ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-11-3005631648ns5:HirePurchaseContracts2023-11-3005631648ns5:HirePurchaseContracts2022-11-30
REGISTERED NUMBER: 05631648 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

SEAN OWENS GROUNDWORK CONTRACTORS
LIMITED

SEAN OWENS GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05631648)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEAN OWENS GROUNDWORK CONTRACTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: SJ Owens
J Owens
HP Owens





SECRETARY: C Owens





REGISTERED OFFICE: Unit 7 Woodside
Stoke Albany Road
Desborough
Northamptonshire
NN14 2SP





REGISTERED NUMBER: 05631648 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

SEAN OWENS GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05631648)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,500
Tangible assets 5 1,003,184 998,976
1,006,184 1,003,476

CURRENT ASSETS
Stocks 117,017 117,017
Debtors 6 340,707 292,513
Cash at bank and in hand 286,880 253,081
744,604 662,611
CREDITORS
Amounts falling due within one year 7 430,257 436,075
NET CURRENT ASSETS 314,347 226,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,320,531

1,230,012

CREDITORS
Amounts falling due after more than one
year

8

(302,937

)

(279,259

)

PROVISIONS FOR LIABILITIES (250,796 ) (189,805 )
NET ASSETS 766,798 760,948

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 766,698 760,848
SHAREHOLDERS' FUNDS 766,798 760,948

SEAN OWENS GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05631648)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th March 2024 and were signed on its behalf by:





SJ Owens - Director


SEAN OWENS GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05631648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Sean Owens 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Work in progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment.


SEAN OWENS GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05631648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 30,000
AMORTISATION
At 1st December 2022 25,500
Amortisation for year 1,500
At 30th November 2023 27,000
NET BOOK VALUE
At 30th November 2023 3,000
At 30th November 2022 4,500

SEAN OWENS GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05631648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st December 2022 85,000 1,514,829 1,599,829
Additions - 400,386 400,386
Disposals - (362,988 ) (362,988 )
At 30th November 2023 85,000 1,552,227 1,637,227
DEPRECIATION
At 1st December 2022 - 600,853 600,853
Charge for year - 246,529 246,529
Eliminated on disposal - (213,339 ) (213,339 )
At 30th November 2023 - 634,043 634,043
NET BOOK VALUE
At 30th November 2023 85,000 918,184 1,003,184
At 30th November 2022 85,000 913,976 998,976

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 270,822 282,369
Other debtors 69,885 10,144
340,707 292,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 189,361 133,235
Trade creditors 98,016 127,670
Taxation and social security 136,385 49,583
Other creditors 6,495 125,587
430,257 436,075

SEAN OWENS GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05631648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 302,937 279,259

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 189,361 133,235
Between one and five years 302,937 279,259
492,298 412,494

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, SJ Owens owed the company £4,394, J Owens owed the company £37,870 and HP Owens owed the company £14,232. No interest is charged on the loans and there are no set terms for repayment.