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REGISTERED NUMBER: 11387011 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Karl Allsop Groundworks Ltd

Karl Allsop Groundworks Ltd (Registered number: 11387011)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Karl Allsop Groundworks Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K Allsop
Miss J Wragg





REGISTERED OFFICE: Bowling Green Barn
Jaspers Lane
Brassington
Matlock
Derbyshire
DE4 4NT





REGISTERED NUMBER: 11387011 (England and Wales)





ACCOUNTANTS: BK Accounts Ltd
Greave House Farm
Lesser Lane
Combs
High Peak
Derbyshire
SK23 9UZ

Karl Allsop Groundworks Ltd (Registered number: 11387011)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 863,080 779,813

CURRENT ASSETS
Stocks 1,750 2,000
Debtors 5 56,975 126,319
Cash at bank and in hand 67,639 27,771
126,364 156,090
CREDITORS
Amounts falling due within one year 6 215,642 307,288
NET CURRENT LIABILITIES (89,278 ) (151,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

773,802

628,615

PROVISIONS FOR LIABILITIES 207,903 148,069
NET ASSETS 565,899 480,546

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 565,799 480,446
565,899 480,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Karl Allsop Groundworks Ltd (Registered number: 11387011)

Balance Sheet - continued
31 March 2024


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 Karl Allsop the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





K Allsop - Director


Karl Allsop Groundworks Ltd (Registered number: 11387011)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Karl Allsop 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.

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 - 15% reducing balance
Computer - 33% on cost

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

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.

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 2 (2023 - 2 ) .

Karl Allsop Groundworks Ltd (Registered number: 11387011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 323,623 656,339 979,962
Additions - 231,277 231,277
Disposals - (97,250 ) (97,250 )
At 31 March 2024 323,623 790,366 1,113,989
DEPRECIATION
At 1 April 2023 - 200,149 200,149
Charge for year - 70,228 70,228
Eliminated on disposal - (19,468 ) (19,468 )
At 31 March 2024 - 250,909 250,909
NET BOOK VALUE
At 31 March 2024 323,623 539,457 863,080
At 31 March 2023 323,623 456,190 779,813

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,777 119,830
Other debtors 6,198 6,489
56,975 126,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,159 10,057
Taxation and social security 40,047 64,408
Other creditors 151,436 232,823
215,642 307,288