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REGISTERED NUMBER: 10673275 (England and Wales)











































L Robertson Groundworks Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2024






L Robertson Groundworks Ltd (Registered number: 10673275)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


L Robertson Groundworks Ltd

Company Information
for the year ended 31st March 2024







Director: L Robertson





Registered office: 3 Home Farm Cottages
Belford
Northumberland
NE70 7EY





Registered number: 10673275 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

L Robertson Groundworks Ltd (Registered number: 10673275)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,354 2,420

Current assets
Debtors 5 22,652 8,276
Cash at bank 570 3,528
23,222 11,804
Creditors
Amounts falling due within one year 6 5,329 6,704
Net current assets 17,893 5,100
Total assets less current liabilities 23,247 7,520

Creditors
Amounts falling due after more than one
year

7

(2,115

)

(3,608

)

Provisions for liabilities (345 ) (460 )
Net assets 20,787 3,452

Capital and reserves
Called up share capital 100 100
Retained earnings 20,687 3,352
Shareholders' funds 20,787 3,452

L Robertson Groundworks Ltd (Registered number: 10673275)

Balance Sheet - continued
31st March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th September 2024 and were signed by:





L Robertson - Director


L Robertson Groundworks Ltd (Registered number: 10673275)

Notes to the Financial Statements
for the year ended 31st March 2024

1. Statutory information

L Robertson Groundworks Ltd 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Bicycles - 20% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, bank loans, hire purchase contracts and directors' loans.

Bank loans and hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Trade debtors , directors' loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


L Robertson Groundworks Ltd (Registered number: 10673275)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. Accounting policies - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Motor Office
Bicycles vehicles equipment Totals
£    £    £    £   
Cost
At 1st April 2023 - 10,200 230 10,430
Additions 3,599 - - 3,599
At 31st March 2024 3,599 10,200 230 14,029
Depreciation
At 1st April 2023 - 7,780 230 8,010
Charge for year 60 605 - 665
At 31st March 2024 60 8,385 230 8,675
Net book value
At 31st March 2024 3,539 1,815 - 5,354
At 31st March 2023 - 2,420 - 2,420

L Robertson Groundworks Ltd (Registered number: 10673275)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,546 -
Other debtors 21,106 8,276
22,652 8,276

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 1,250 1,250
Hire purchase contracts - 1,235
Taxation and social security 4,079 3,978
Other creditors - 241
5,329 6,704

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 2,115 3,608

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 1,235

Hire purchase contracts are secured against the assets to which they relate.

9. Director's advances, credits and guarantees

The following advances and credits to director subsisted during the year ended 31 March 2024:
20242023
££
Director 1
Balance outstanding at start of year--
Amounts advanced12,181.28-
Amounts repaid--
Balance outstanding at end of year12,181.28-

This loan is unsecured and repayable on demand. Interest has been charged at the official HMRC rates.

10. Post balance sheet events

Since the year end, on 26 August 2024, a final dividend for the year ended 31 March 2024 of £130 per share has been declared.