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REGISTERED NUMBER: 11054552 (Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

G W Jones Groundworks Ltd

G W Jones Groundworks Ltd (Registered number: 11054552)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G W Jones Groundworks Ltd

Company Information
for the Year Ended 30th November 2023







DIRECTORS: Mr G W Jones
Mr D W Jones





REGISTERED OFFICE: Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 11054552 (Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

G W Jones Groundworks Ltd (Registered number: 11054552)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,582 92,616

CURRENT ASSETS
Stocks 159,951 192,500
Debtors 5 2,628 13,023
Cash at bank 1,056 6,297
163,635 211,820
CREDITORS
Amounts falling due within one year 6 196,841 210,287
NET CURRENT (LIABILITIES)/ASSETS (33,206 ) 1,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,376

94,149

CREDITORS
Amounts falling due after more than one
year

7

41,439

64,900
NET ASSETS 937 29,249

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 837 29,149
SHAREHOLDERS' FUNDS 937 29,249

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

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

G W Jones Groundworks Ltd (Registered number: 11054552)

Balance Sheet - continued
30th 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 28th August 2024 and were signed on its behalf by:





Mr G W Jones - Director


G W Jones Groundworks Ltd (Registered number: 11054552)

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

1. STATUTORY INFORMATION

G W Jones Groundworks Ltd is a private company, limited by shares , registered in 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. Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

Plant & machinery - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 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.

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.

G W Jones Groundworks Ltd (Registered number: 11054552)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 176,610
Additions 1,860
At 30th November 2023 178,470
DEPRECIATION
At 1st December 2022 83,994
Charge for year 18,894
At 30th November 2023 102,888
NET BOOK VALUE
At 30th November 2023 75,582
At 30th November 2022 92,616

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 7,051
Other debtors 2,628 5,972
2,628 13,023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 9,915 9,705
Hire purchase contracts 13,546 13,219
Trade creditors 5,126 43,754
Taxation and social security 16,235 10,235
Other creditors 152,019 133,374
196,841 210,287

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 24,002 33,917
Hire purchase contracts 17,437 30,983
41,439 64,900

G W Jones Groundworks Ltd (Registered number: 11054552)

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

8. RELATED PARTY DISCLOSURES

The director has considered the related party requirements and other than as disclosed hereunder, there are no deemed disclosures to be made.

- At the year end, the company owed £138,822 (2022: £132,256) to the director by way of a director's current account.