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REGISTERED NUMBER: 10483548 (England and Wales)
























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: Mr B Polkinghorn



REGISTERED OFFICE: 2 Sandside
Ulverston
Cumbria
LA12 9EG



REGISTERED NUMBER: 10483548 (England and Wales)



BANKERS: Barclays Bank plc
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 4 163,709 169,242

CURRENT ASSETS
Stocks 40,000 41,150
Debtors 29,279 14,524
Cash at bank 98,047 108,776
167,326 164,450
CREDITORS
Amounts falling due within one year 109,109 125,107
NET CURRENT ASSETS 58,217 39,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,926

208,585

CREDITORS
Amounts falling due after more than one
year

85,480

81,905
NET ASSETS 136,446 126,680

CAPITAL AND RESERVES
Called up share capital 7 10 1
Retained earnings 136,436 126,679
SHAREHOLDERS' FUNDS 136,446 126,680

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.

BEN POLKINGHORN GROUNDWORKS LIMITED (REGISTERED NUMBER: 10483548)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 July 2024 and were signed by:





Mr B Polkinghorn - Director


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 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 represents net invoiced sales of goods and services as adjusted for work in progress and accrued income, excluding VAT.

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 - at varying rates on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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 3 (2022 - 4 ) .

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 245,642
Additions 35,375
Disposals (25,200 )
At 30 November 2023 255,817
DEPRECIATION
At 1 December 2022 76,400
Charge for year 15,708
At 30 November 2023 92,108
NET BOOK VALUE
At 30 November 2023 163,709
At 30 November 2022 169,242

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 12,064 9,386
Between one and five years 91 12,155
12,155 21,541

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: £    £   
9 Ordinary £1 9 1
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.