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REGISTERED NUMBER: 13089295 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

CLF Groundworks Limited

CLF Groundworks Limited (Registered number: 13089295)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLF Groundworks Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: C L Foulkes





REGISTERED OFFICE: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 13089295 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

CLF Groundworks Limited (Registered number: 13089295)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,637 37,906

CURRENT ASSETS
Stocks - 11,579
Debtors 5 78,100 85,394
Cash at bank 5,000 335
83,100 97,308
CREDITORS
Amounts falling due within one year 6 107,543 131,376
NET CURRENT LIABILITIES (24,443 ) (34,068 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,806

)

3,838

CREDITORS
Amounts falling due after more than one
year

7

19,808

15,050
NET LIABILITIES (22,614 ) (11,212 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (22,615 ) (11,213 )
(22,614 ) (11,212 )

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.

CLF Groundworks Limited (Registered number: 13089295)

Balance Sheet - continued
31 December 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 10 July 2024 and were signed by:





C L Foulkes - Director


CLF Groundworks Limited (Registered number: 13089295)

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


1. STATUTORY INFORMATION

CLF Groundworks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

CLF Groundworks Limited (Registered number: 13089295)

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


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.

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 2 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 49,142
Disposals (13,000 )
At 31 December 2023 36,142
DEPRECIATION
At 1 January 2023 11,236
Charge for year 6,609
Eliminated on disposal (3,340 )
At 31 December 2023 14,505
NET BOOK VALUE
At 31 December 2023 21,637
At 31 December 2022 37,906

CLF Groundworks Limited (Registered number: 13089295)

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


4. 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
Transfer to ownership 21,000
At 31 December 2023 21,000
DEPRECIATION
Charge for year 4,675
Transfer to ownership 2,301
At 31 December 2023 6,976
NET BOOK VALUE
At 31 December 2023 14,024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 71,444 85,394
Other debtors 6,656 -
78,100 85,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 21,500 -
Hire purchase contracts 4,200 4,200
Trade creditors 6,177 63,743
Taxation and social security 1,450 10,428
Other creditors 74,216 53,005
107,543 131,376

CLF Groundworks Limited (Registered number: 13089295)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 8,958 -
Hire purchase contracts 10,850 15,050
19,808 15,050