IRIS Accounts Production v24.1.9.2 05660375 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056603752023-02-28056603752024-02-29056603752023-03-012024-02-29056603752022-02-28056603752022-03-012023-02-28056603752023-02-2805660375ns15:EnglandWales2023-03-012024-02-2905660375ns14:PoundSterling2023-03-012024-02-2905660375ns10:Director12023-03-012024-02-2905660375ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2905660375ns10:SmallEntities2023-03-012024-02-2905660375ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2905660375ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2905660375ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2905660375ns10:FullAccounts2023-03-012024-02-290566037512023-03-012024-02-2905660375ns10:Director22023-03-012024-02-2905660375ns10:RegisteredOffice2023-03-012024-02-2905660375ns5:CurrentFinancialInstruments2024-02-2905660375ns5:CurrentFinancialInstruments2023-02-2805660375ns5:Non-currentFinancialInstruments2024-02-2905660375ns5:Non-currentFinancialInstruments2023-02-2805660375ns5:ShareCapital2024-02-2905660375ns5:ShareCapital2023-02-2805660375ns5:RetainedEarningsAccumulatedLosses2024-02-2905660375ns5:RetainedEarningsAccumulatedLosses2023-02-2805660375ns5:NetGoodwill2023-03-012024-02-2905660375ns5:LeaseholdImprovements2023-03-012024-02-2905660375ns5:PlantMachinery2023-03-012024-02-2905660375ns5:FurnitureFittings2023-03-012024-02-2905660375ns5:MotorVehicles2023-03-012024-02-2905660375ns5:ComputerEquipment2023-03-012024-02-2905660375ns5:NetGoodwill2023-02-2805660375ns5:NetGoodwill2024-02-2905660375ns5:NetGoodwill2023-02-2805660375ns5:LeaseholdImprovements2023-02-2805660375ns5:PlantMachinery2023-02-2805660375ns5:FurnitureFittings2023-02-2805660375ns5:LeaseholdImprovements2024-02-2905660375ns5:PlantMachinery2024-02-2905660375ns5:FurnitureFittings2024-02-2905660375ns5:LeaseholdImprovements2023-02-2805660375ns5:PlantMachinery2023-02-2805660375ns5:FurnitureFittings2023-02-2805660375ns5:MotorVehicles2023-02-2805660375ns5:ComputerEquipment2023-02-2805660375ns5:MotorVehicles2024-02-2905660375ns5:ComputerEquipment2024-02-2905660375ns5:MotorVehicles2023-02-2805660375ns5:ComputerEquipment2023-02-2805660375ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2905660375ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2805660375ns5:CurrentFinancialInstruments2023-03-012024-02-2905660375ns5:Secured2024-02-2905660375ns5:Secured2023-02-28
REGISTERED NUMBER: 05660375 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Mole Groundworks Limited

Mole Groundworks Limited (Registered number: 05660375)






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


Mole Groundworks Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L A Holder
S J Holder





REGISTERED OFFICE: The Old Piggery
Forest Road
Huncote
Leicester
LE9 3LE





REGISTERED NUMBER: 05660375 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Mole Groundworks Limited (Registered number: 05660375)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,000 7,500
Tangible assets 5 611,494 765,078
616,494 772,578

CURRENT ASSETS
Stocks 40,000 25,000
Debtors 6 362,216 276,662
Cash at bank 4,105 111,442
406,321 413,104
CREDITORS
Amounts falling due within one year 7 (373,824 ) (351,635 )
NET CURRENT ASSETS 32,497 61,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

648,991

834,047

CREDITORS
Amounts falling due after more than one
year

8

(27,738

)

(114,565

)

PROVISIONS FOR LIABILITIES (113,562 ) (135,054 )
NET ASSETS 507,691 584,428

CAPITAL AND RESERVES
Called up share capital 7,600 7,600
Retained earnings 500,091 576,828
SHAREHOLDERS' FUNDS 507,691 584,428

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.

Mole Groundworks Limited (Registered number: 05660375)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





L A Holder - Director


Mole Groundworks Limited (Registered number: 05660375)

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

1. STATUTORY INFORMATION

Mole 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Mole Groundworks Limited (Registered number: 05660375)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 50,000
AMORTISATION
At 1 March 2023 42,500
Amortisation for year 2,500
At 29 February 2024 45,000
NET BOOK VALUE
At 29 February 2024 5,000
At 28 February 2023 7,500

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 5,720 847,742 6,057
Additions - 4,598 -
Disposals - (42,850 ) -
At 29 February 2024 5,720 809,490 6,057
DEPRECIATION
At 1 March 2023 5,720 349,311 6,057
Charge for year - 74,647 -
Eliminated on disposal - (38,778 ) -
At 29 February 2024 5,720 385,180 6,057
NET BOOK VALUE
At 29 February 2024 - 424,310 -
At 28 February 2023 - 498,431 -

Mole Groundworks Limited (Registered number: 05660375)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 619,496 18,694 1,497,709
Additions 116,336 592 121,526
Disposals (263,186 ) - (306,036 )
At 29 February 2024 472,646 19,286 1,313,199
DEPRECIATION
At 1 March 2023 354,299 17,244 732,631
Charge for year 51,448 879 126,974
Eliminated on disposal (119,122 ) - (157,900 )
At 29 February 2024 286,625 18,123 701,705
NET BOOK VALUE
At 29 February 2024 186,021 1,163 611,494
At 28 February 2023 265,197 1,450 765,078


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 227,710 98,402
Other debtors 134,506 178,260
362,216 276,662

Other debtors includes prepayments and accrued income of £4,506 (2023: £14,750).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 20,325 -
Hire purchase contracts 158,652 160,889
Trade creditors 94,273 94,501
Taxation and social security 51,442 7,616
Other creditors 49,132 88,629
373,824 351,635

Other creditors includes accruals and deferred income of £9,113 (2023: £15,838).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 27,738 114,565

Mole Groundworks Limited (Registered number: 05660375)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank overdraft 20,325 -
Hire purchase contracts 186,390 275,454
206,715 275,454

The bank overdraft is secured by way of a debenture held by National Westminster Bank plc dated 22 May 2006.
Hire purchase liabilities are secured on the individual assets being so acquired.

10. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £99,945 (2023: £125,000).