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REGISTERED NUMBER: 09895364 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

J.A.C Groundwork & Civil Engineering Ltd

J.A.C Groundwork & Civil Engineering Ltd (Registered number: 09895364)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.A.C Groundwork & Civil Engineering Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: J A Cook





REGISTERED OFFICE: 108 Noak Hill Road
Billericay
Essex
CM12 9UH





REGISTERED NUMBER: 09895364 (England and Wales)





ACCOUNTANTS: DANIEL JAMES
UNIT L
RADFORD BUSINESS CENTRE
RADFORD WAY
BILLERICAY
Essex
CM12 0BZ

J.A.C Groundwork & Civil Engineering Ltd (Registered number: 09895364)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 825,398 700,793

CURRENT ASSETS
Stocks 191,887 190,001
Debtors 5 277,491 265,717
Cash at bank 108,954 103,361
578,332 559,079
CREDITORS
Amounts falling due within one year 6 311,316 488,502
NET CURRENT ASSETS 267,016 70,577
TOTAL ASSETS LESS CURRENT LIABILITIES 1,092,414 771,370

CREDITORS
Amounts falling due after more than one year 7 (252,020 ) (248,606 )

PROVISIONS FOR LIABILITIES (192,143 ) (81,501 )
NET ASSETS 648,251 441,263

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 648,151 441,163
648,251 441,263

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

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

J.A.C Groundwork & Civil Engineering Ltd (Registered number: 09895364)

Balance Sheet - continued
30 November 2023


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 18 March 2024 and were signed by:





J A Cook - Director


J.A.C Groundwork & Civil Engineering Ltd (Registered number: 09895364)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

J.A.C Groundwork & Civil Engineering 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Machinery - 20% Reducing balance
Computer Equipment - 20% Reducing balance
Fixtures and Fittings - 20% Reducing balance
Motor Vehicles - 20% Reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


J.A.C Groundwork & Civil Engineering Ltd (Registered number: 09895364)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

J.A.C Groundwork & Civil Engineering Ltd (Registered number: 09895364)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 1,149,347
Additions 305,142
At 30 November 2023 1,454,489
DEPRECIATION
At 1 December 2022 448,554
Charge for year 180,537
At 30 November 2023 629,091
NET BOOK VALUE
At 30 November 2023 825,398
At 30 November 2022 700,793

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

Plant and
machinery
etc
£   
COST
At 1 December 2022 543,931
Additions 170,000
Transfer to ownership (30,916 )
At 30 November 2023 683,015
DEPRECIATION
At 1 December 2022 157,864
Charge for year 89,916
Transfer to ownership (18,042 )
At 30 November 2023 229,738
NET BOOK VALUE
At 30 November 2023 453,277
At 30 November 2022 386,067

J.A.C Groundwork & Civil Engineering Ltd (Registered number: 09895364)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 207,014 210,554
Amounts receivable in respect of hire
purchase contracts

52,214

44,365
Other debtors 18,263 10,798
277,491 265,717

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 139,838 197,486
Trade creditors 83,681 150,395
Taxation and social security 7,164 23,955
Other creditors 80,633 116,666
311,316 488,502

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 252,020 248,606

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 391,858 446,092