REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
BEN POLKINGHORN GROUNDWORKS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
BEN POLKINGHORN GROUNDWORKS LIMITED |
BEN POLKINGHORN GROUNDWORKS LIMITED (REGISTERED NUMBER: 10483548) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BEN POLKINGHORN GROUNDWORKS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
Business Direct |
Leicester |
LE87 2BB |
BEN POLKINGHORN GROUNDWORKS LIMITED (REGISTERED NUMBER: 10483548) |
ABRIDGED BALANCE SHEET |
30 NOVEMBER 2023 |
30.11.23 | 30.11.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
BEN POLKINGHORN GROUNDWORKS LIMITED (REGISTERED NUMBER: 10483548) |
ABRIDGED BALANCE SHEET - continued |
30 NOVEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
BEN POLKINGHORN GROUNDWORKS LIMITED (REGISTERED NUMBER: 10483548) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Ben Polkinghorn Groundworks Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods and services as adjusted for work in progress and accrued income, excluding VAT. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
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. |
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. |
Grants |
Grants received are credited to profit and loss account in the financial period in which they are received. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
BEN POLKINGHORN GROUNDWORKS LIMITED (REGISTERED NUMBER: 10483548) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2022 |
Additions |
Disposals | ( |
) |
At 30 November 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for year |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
The net book value of tangible fixed assets includes £48,000 (2022: £54,000) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £6,000 (2022: £nil) for the financial year. |
5. | LEASING AGREEMENTS |
Minimum lease payments under hire purchase fall due as follows: |
30.11.23 | 30.11.22 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.11.23 | 30.11.22 |
£ | £ |
Hire purchase | 12,155 | - |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.23 | 30.11.22 |
value: | £ | £ |
Ordinary | £1 | 9 | 1 |
A Ordinary | £1 | 1 | - |
10 | 1 |
BEN POLKINGHORN GROUNDWORKS LIMITED (REGISTERED NUMBER: 10483548) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
7. | CALLED UP SHARE CAPITAL - continued |
The following shares were issued during the year for cash at par : |
8 Ordinary shares of £1 |
1 A Ordinary share of £1 |
8. | RELATED PARTY DISCLOSURES |
At 30 November 2023, Mr B Polkinghorn, a director of the company, had on an unsecured interest free basis advanced £85,714 to the company. |
(Prior year £79,919). |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr B Polkinghorn. |