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Company Registration No. 08258902 (England and Wales)
Mark Pike Groundworks Ltd Unaudited accounts for the year ended 31 March 2024
Mark Pike Groundworks Ltd Unaudited accounts Contents
Page
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Mark Pike Groundworks Ltd Company Information for the year ended 31 March 2024
Directors
Mr Mark I E Pike Mrs Katrina J Pike
Company Number
08258902 (England and Wales)
Registered Office
Oakleigh Cottage Ammerham Winsham Chard Somerset TA20 4LE
Accountants
ST Accountancy Ltd 8 Clappentail Park Lyme Regis Dorset DT7 3NB
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Mark Pike Groundworks Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
167,810 
228,188 
Current assets
Inventories
300 
300 
Debtors
26,976 
19,718 
Cash at bank and in hand
7,289 
- 
34,565 
20,018 
Creditors: amounts falling due within one year
(91,286)
(84,157)
Net current liabilities
(56,721)
(64,139)
Total assets less current liabilities
111,089 
164,049 
Creditors: amounts falling due after more than one year
(50,087)
(120,994)
Provisions for liabilities
Deferred tax
(31,884)
(42,358)
Net assets
29,118 
697 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
29,018 
597 
Shareholders' funds
29,118 
697 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
Mr Mark I E Pike Director Company Registration No. 08258902
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Mark Pike Groundworks Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Mark Pike Groundworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 08258902. The registered office is Oakleigh Cottage Ammerham, Winsham, Chard, Somerset, TA20 4LE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of five years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% reducing balance
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Mark Pike Groundworks Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
20,000 
At 31 March 2024
20,000 
Amortisation
At 1 April 2023
20,000 
At 31 March 2024
20,000 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
10,979 
342,890 
24,450 
3,075 
381,394 
Additions
- 
9,900 
- 
- 
9,900 
Disposals
- 
(60,500)
- 
- 
(60,500)
At 31 March 2024
10,979 
292,290 
24,450 
3,075 
330,794 
Depreciation
At 1 April 2023
5,728 
138,258 
6,610 
2,610 
153,206 
Charge for the year
525 
25,659 
3,568 
93 
29,845 
On disposals
- 
(20,067)
- 
- 
(20,067)
At 31 March 2024
6,253 
143,850 
10,178 
2,703 
162,984 
Net book value
At 31 March 2024
4,726 
148,440 
14,272 
372 
167,810 
At 31 March 2023
5,251 
204,632 
17,840 
465 
228,188 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,826 
Trade debtors
18,455 
9,535 
Accrued income and prepayments
6,052 
6,357 
Other debtors
2,469 
- 
26,976 
19,718 
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Mark Pike Groundworks Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,497 
17,160 
VAT
3,961 
- 
Obligations under finance leases and hire purchase contracts
24,736 
30,804 
Trade creditors
27,234 
19,064 
Taxes and social security
24,658 
10,853 
Accruals
1,200 
6,276 
91,286 
84,157 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,562 
15,705 
Obligations under finance leases and hire purchase contracts
16,494 
57,113 
Loans from directors
25,031 
48,176 
50,087 
120,994 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
31,884 
42,358 
2024 
2023 
£ 
£ 
Provision at start of year
42,358 
50,853 
Credited to the profit and loss account
(10,474)
(8,495)
Provision at end of year
31,884 
42,358 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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