IRIS Accounts Production v24.1.4.33 SC530585 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5305852022-03-31SC5305852023-03-31SC5305852022-04-012023-03-31SC5305852021-03-31SC5305852021-04-012022-03-31SC5305852022-03-31SC530585ns15:Scotland2022-04-012023-03-31SC530585ns14:PoundSterling2022-04-012023-03-31SC530585ns10:Director12022-04-012023-03-31SC530585ns10:CompanySecretary12022-04-012023-03-31SC530585ns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC530585ns10:SmallEntities2022-04-012023-03-31SC530585ns10:AuditExemptWithAccountantsReport2022-04-012023-03-31SC530585ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC530585ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC530585ns10:FullAccounts2022-04-012023-03-31SC530585ns10:RegisteredOffice2022-04-012023-03-31SC530585ns5:CurrentFinancialInstruments2023-03-31SC530585ns5:CurrentFinancialInstruments2022-03-31SC530585ns5:Non-currentFinancialInstruments2023-03-31SC530585ns5:Non-currentFinancialInstruments2022-03-31SC530585ns5:ShareCapital2023-03-31SC530585ns5:ShareCapital2022-03-31SC530585ns5:RetainedEarningsAccumulatedLosses2023-03-31SC530585ns5:RetainedEarningsAccumulatedLosses2022-03-31SC530585ns5:OwnedAssets2022-04-012023-03-31SC530585ns5:OwnedAssets2021-04-012022-03-31SC530585ns5:PlantMachinery2022-03-31SC530585ns5:PlantMachinery2022-04-012023-03-31SC530585ns5:PlantMachinery2023-03-31SC530585ns5:PlantMachinery2022-03-31
REGISTERED NUMBER: SC530585 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

SP Groundworks & Gardens Limited

SP Groundworks & Gardens Limited (Registered number: SC530585)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


SP Groundworks & Gardens Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S P Paris





SECRETARY: S P Paris





REGISTERED OFFICE: 191 Station Road
Shotts
North Lanarkshire
ML7 4BA





REGISTERED NUMBER: SC530585 (Scotland)





ACCOUNTANTS: Williams & Company
191 Station Road
Shotts
North Lanarkshire
ML7 4BA

SP Groundworks & Gardens Limited (Registered number: SC530585)

Report of the Director
for the Year Ended 31 March 2023

The director presents his report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of groundwork and gardening.

DIRECTOR
S P Paris held office during the whole of the period from 1 April 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S P Paris - Secretary


21 September 2023

SP Groundworks & Gardens Limited (Registered number: SC530585)

Income Statement
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 381,557 266,298

Cost of sales 330,877 197,492
GROSS PROFIT 50,680 68,806

Administrative expenses 43,795 34,575
OPERATING PROFIT 4 6,885 34,231


Interest payable and similar
expenses

411

315
PROFIT BEFORE TAXATION 6,474 33,916

Tax on profit 1,189 -
PROFIT FOR THE FINANCIAL YEAR 5,285 33,916

SP Groundworks & Gardens Limited (Registered number: SC530585)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,780 2,374

CURRENT ASSETS
Stocks 20,000 20,000
Cash at bank 1,207 1,376
21,207 21,376
CREDITORS
Amounts falling due within one year 6 75,099 33,236
NET CURRENT LIABILITIES (53,892 ) (11,860 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,112

)

(9,486

)

CREDITORS
Amounts falling due after more than
one year

7

9,029

12,920
NET LIABILITIES (61,141 ) (22,406 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (61,142 ) (22,407 )
(61,141 ) (22,406 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

SP Groundworks & Gardens Limited (Registered number: SC530585)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 21 September 2023 and were signed by:





S P Paris - Director


SP Groundworks & Gardens Limited (Registered number: SC530585)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

SP Groundworks & Gardens Limited is a private company, limited by shares , registered in Scotland. 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 various rates in order to write off each asset over its estimated useful life.

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.

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.

SP Groundworks & Gardens Limited (Registered number: SC530585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.23 31.3.22
£    £   
Depreciation - owned assets 594 791

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 7,689
DEPRECIATION
At 1 April 2022 5,315
Charge for year 594
At 31 March 2023 5,909
NET BOOK VALUE
At 31 March 2023 1,780
At 31 March 2022 2,374

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,968 4,046
Taxation and social security 68,731 27,590
Other creditors 2,400 1,600
75,099 33,236

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 9,029 12,920