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REGISTERED NUMBER: 12469597 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

CMC Groundworks Ltd

CMC Groundworks Ltd (Registered number: 12469597)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CMC Groundworks Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: C M Cornish
Miss M Robinson





SECRETARY:





REGISTERED OFFICE: 11 Pheasant Close
Holt
Norfolk
NR25 6GE





REGISTERED NUMBER: 12469597 (England and Wales)






CMC Groundworks Ltd (Registered number: 12469597)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,189 15,519

CURRENT ASSETS
Debtors 5 18,769 15,294
Cash at bank 961 553
19,730 15,847
CREDITORS
Amounts falling due within one year 6 13,469 12,790
NET CURRENT ASSETS 6,261 3,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,450

18,576

CREDITORS
Amounts falling due after more than
one year

7

6,772

8,187
NET ASSETS 13,678 10,389

CAPITAL AND RESERVES
Called up share capital 10 1
Retained earnings 13,668 10,388
13,678 10,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

CMC Groundworks Ltd (Registered number: 12469597)

Balance Sheet - continued
29 February 2024


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 21 September 2024 and were signed on its behalf by:





C M Cornish - Director


CMC Groundworks Ltd (Registered number: 12469597)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

CMC 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 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.

Motor Vehicles - 20% on cost
Plant and Machinery - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

CMC Groundworks Ltd (Registered number: 12469597)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 19,450
Additions 4,075
At 29 February 2024 23,525
DEPRECIATION
At 1 March 2023 3,931
Charge for year 5,405
At 29 February 2024 9,336
NET BOOK VALUE
At 29 February 2024 14,189
At 28 February 2023 15,519

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,411 -
Other debtors 16,358 15,294
18,769 15,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,200 3,186
Hire purchase contracts 1,948 1,948
Trade creditors - 75
Taxation and social security 10,236 5,404
Other creditors 85 2,177
13,469 12,790

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 1,802 1,107
Hire purchase contracts 4,970 7,080
6,772 8,187