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REGISTERED NUMBER: 07488515 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

SK Groundworks, Landscaping & Crushing
Limited

SK Groundworks, Landscaping & Crushing
Limited (Registered number: 07488515)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SK Groundworks, Landscaping & Crushing
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr S K Partridge





REGISTERED OFFICE: Chestnuts Farm
Charles Tye
Ringshall
Stowmarket
Suffolk
IP14 2HU





REGISTERED NUMBER: 07488515 (England and Wales)





ACCOUNTANTS: Emsdens Limited - Chartered Certified Accountants
Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

SK Groundworks, Landscaping & Crushing
Limited (Registered number: 07488515)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,500 4,000
Tangible assets 5 571,083 520,754
574,583 524,754

CURRENT ASSETS
Stocks 5,000 6,799
Debtors 6 17,383 4,963
Cash at bank - 32,244
22,383 44,006
CREDITORS
Amounts falling due within one year 7 133,448 116,291
NET CURRENT LIABILITIES (111,065 ) (72,285 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,518

452,469

CREDITORS
Amounts falling due after more than one
year

8

(140,909

)

(132,414

)

PROVISIONS FOR LIABILITIES (21,690 ) (18,830 )
NET ASSETS 300,919 301,225

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 300,918 301,224
SHAREHOLDERS' FUNDS 300,919 301,225

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 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.

SK Groundworks, Landscaping & Crushing
Limited (Registered number: 07488515)

Statement of Financial Position - 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 the director and authorised for issue on 22 July 2024 and were signed by:





Mr S K Partridge - Director


SK Groundworks, Landscaping & Crushing
Limited (Registered number: 07488515)

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

1. STATUTORY INFORMATION

SK Groundworks, Landscaping & Crushing 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.

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 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - at variable rates on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

SK Groundworks, Landscaping & Crushing
Limited (Registered number: 07488515)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023 6,000
Charge for year 500
At 31 March 2024 6,500
NET BOOK VALUE
At 31 March 2024 3,500
At 31 March 2023 4,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 421,644 176,011 597,655
Additions - 96,889 96,889
Disposals - (33,863 ) (33,863 )
At 31 March 2024 421,644 239,037 660,681
DEPRECIATION
At 1 April 2023 - 76,901 76,901
Charge for year - 17,226 17,226
Eliminated on disposal - (4,529 ) (4,529 )
At 31 March 2024 - 89,598 89,598
NET BOOK VALUE
At 31 March 2024 421,644 149,439 571,083
At 31 March 2023 421,644 99,110 520,754

SK Groundworks, Landscaping & Crushing
Limited (Registered number: 07488515)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 91,000
At 31 March 2024 91,000
DEPRECIATION
Charge for year 9,100
At 31 March 2024 9,100
NET BOOK VALUE
At 31 March 2024 81,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 14,799 2,551
Other debtors 2,584 2,412
17,383 4,963

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 30,220 26,496
Hire purchase contracts 29,368 12,242
Trade creditors 6,617 6,574
Taxation and social security 21,104 40,789
Other creditors 46,139 30,190
133,448 116,291

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 95,598 123,226
Hire purchase contracts 45,311 9,188
140,909 132,414

SK Groundworks, Landscaping & Crushing
Limited (Registered number: 07488515)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S K Partridge.

The ultimate controlling party is Mr S K Partridge.