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REGISTERED NUMBER: 10002417 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Umberslade Groundworks Ltd

Umberslade Groundworks Ltd (Registered number: 10002417)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Umberslade Groundworks Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Emmett





REGISTERED OFFICE: Ladywood Farm
Elvers Green Lane
Knowle
Solihull
West Midlands
B93 0AA





REGISTERED NUMBER: 10002417 (England and Wales)





ACCOUNTANTS: Blythe Phillips
8/9 Earls Way
Halesowen
West Midlands
B63 3HR

Umberslade Groundworks Ltd (Registered number: 10002417)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,322 3,481

CURRENT ASSETS
Stocks 509,915 812,102
Debtors 5 1,450,133 402,793
Cash at bank 72,560 41,074
2,032,608 1,255,969
CREDITORS
Amounts falling due within one year 6 1,352,090 586,194
NET CURRENT ASSETS 680,518 669,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

687,840

673,256

PROVISIONS FOR LIABILITIES 1,391 661
NET ASSETS 686,449 672,595

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 686,349 672,495
SHAREHOLDERS' FUNDS 686,449 672,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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 11 July 2024 and were signed by:



J Emmett - Director


Umberslade Groundworks Ltd (Registered number: 10002417)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Umberslade 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.

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.

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.

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 8 (2022 - 6 ) .

Umberslade Groundworks Ltd (Registered number: 10002417)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 4,351
Additions 5,889
At 31 December 2023 10,240
DEPRECIATION
At 1 January 2023 870
Charge for year 2,048
At 31 December 2023 2,918
NET BOOK VALUE
At 31 December 2023 7,322
At 31 December 2022 3,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 88,580 35,059
Other debtors 1,361,553 367,734
1,450,133 402,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 96,344 79,029
Taxation and social security 6,781 18,299
Other creditors 1,248,965 488,866
1,352,090 586,194