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REGISTERED NUMBER: 05255427 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Paley Groundworks (Civils) Limited

Paley Groundworks (Civils) Limited (Registered number: 05255427)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Paley Groundworks (Civils) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: S Paley
Mrs L Paley





REGISTERED OFFICE: Croft Cottage
105 Weston Lane
Otley
West Yorkshire
LS21 2DF





REGISTERED NUMBER: 05255427 (England and Wales)





ACCOUNTANTS: Baker Fox Limited
Chartered Accountants
Owl Cotes Barn
Low Lane
Cowling
Keighley
West Yorkshire
BD22 0LE

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Paley Groundworks (Civils) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paley Groundworks (Civils) Limited for the year ended 30 November 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Paley Groundworks (Civils) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paley Groundworks (Civils) Limited and state those matters that we have agreed to state to the Board of Directors of Paley Groundworks (Civils) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paley Groundworks (Civils) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Paley Groundworks (Civils) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Paley Groundworks (Civils) Limited. You consider that Paley Groundworks (Civils) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Paley Groundworks (Civils) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Baker Fox Limited
Chartered Accountants
Owl Cotes Barn
Low Lane
Cowling
Keighley
West Yorkshire
BD22 0LE


27 August 2024

Paley Groundworks (Civils) Limited (Registered number: 05255427)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,023 30,030
25,023 30,030

CURRENT ASSETS
Debtors 6 542,608 629,549
Cash at bank 610,430 615,815
1,153,038 1,245,364
CREDITORS
Amounts falling due within one year 7 629 15,660
NET CURRENT ASSETS 1,152,409 1,229,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,177,432

1,259,734

PROVISIONS FOR LIABILITIES 4,754 3,806
NET ASSETS 1,172,678 1,255,928

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,172,578 1,255,828
1,172,678 1,255,928

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 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.

Paley Groundworks (Civils) Limited (Registered number: 05255427)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





S Paley - Director


Paley Groundworks (Civils) Limited (Registered number: 05255427)

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

1. STATUTORY INFORMATION

Paley Groundworks (Civils) 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 2005, 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.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Paley Groundworks (Civils) Limited (Registered number: 05255427)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 50,000
AMORTISATION
At 1 December 2022
and 30 November 2023 50,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 10,000 119,901 129,901
DEPRECIATION
At 1 December 2022 - 99,871 99,871
Charge for year - 5,007 5,007
At 30 November 2023 - 104,878 104,878
NET BOOK VALUE
At 30 November 2023 10,000 15,023 25,023
At 30 November 2022 10,000 20,030 30,030

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 3,948
Other debtors 429,223 512,216
429,223 516,164

Amounts falling due after more than one year:
Other debtors 113,385 113,385

Aggregate amounts 542,608 629,549

Paley Groundworks (Civils) Limited (Registered number: 05255427)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 629 15,660

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
S Paley and Mrs L Paley
Balance outstanding at start of year 293,192 348,874
Amounts advanced 95,441 319,675
Amounts repaid (196,300 ) (375,357 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 192,333 293,192

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £224,600 (2022: £194,891) shown in debtors from Ramsey Skips Ltd which is a related party by virtue of common director and shareholders. A charge of £5,376 (2022: £7,258) was made by the company to Ramsey Skips Ltd for the use of it's assets.