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REGISTERED NUMBER: 05755240 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

GW GROUNDWORK SERVICES LIMITED

GW GROUNDWORK SERVICES LIMITED (REGISTERED NUMBER: 05755240)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GW GROUNDWORK SERVICES LIMITED

Company Information
for the Year Ended 30th April 2024







DIRECTOR: Mr G Warren





SECRETARY: Mr G Warren





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 05755240 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

GW GROUNDWORK SERVICES LIMITED (REGISTERED NUMBER: 05755240)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 561 1,591

CURRENT ASSETS
Debtors 5 51,069 44,393
Cash at bank 19,303 42,275
70,372 86,668
CREDITORS
Amounts falling due within one year 6 53,950 53,177
NET CURRENT ASSETS 16,422 33,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,983

35,082

CREDITORS
Amounts falling due after more than one
year

7

11,375

21,609
NET ASSETS 5,608 13,473

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 4,608 12,473
SHAREHOLDERS' FUNDS 5,608 13,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

GW GROUNDWORK SERVICES LIMITED (REGISTERED NUMBER: 05755240)

Balance Sheet - continued
30th April 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 director and authorised for issue on 1st October 2024 and were signed by:





Mr G Warren - Director


GW GROUNDWORK SERVICES LIMITED (REGISTERED NUMBER: 05755240)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

GW Groundwork Services 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 25% Straight Line
Fixtures and Fittings 25% Straight Line
Plant and Machinery 25% Straight Line

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.


GW GROUNDWORK SERVICES LIMITED (REGISTERED NUMBER: 05755240)

Notes to the Financial Statements - continued
for the Year Ended 30th April 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.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st May 2023 24,235 6,453 42,012 72,700
Disposals - - (4,640 ) (4,640 )
At 30th April 2024 24,235 6,453 37,372 68,060
DEPRECIATION
At 1st May 2023 24,235 5,442 41,432 71,109
Charge for year - 450 290 740
Eliminated on disposal - - (4,350 ) (4,350 )
At 30th April 2024 24,235 5,892 37,372 67,499
NET BOOK VALUE
At 30th April 2024 - 561 - 561
At 30th April 2023 - 1,011 580 1,591

GW GROUNDWORK SERVICES LIMITED (REGISTERED NUMBER: 05755240)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 12,186 5,925
Amount due from related party 32,576 32,576
Tax 5,055 5,055
Deferred tax asset 739 598
Prepayments and accrued income 513 239
51,069 44,393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 8) 10,234 9,978
Trade creditors 31,083 30,577
Tax 230 229
Social security and other taxes 8,205 7,475
Other creditors 107 107
Directors' current accounts 2,191 2,861
Accrued expenses 1,900 1,950
53,950 53,177

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 8) 11,375 21,609

8. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,234 9,978

Amounts falling due between one and two years:
Bank loans - 1-2 years 11,375 10,234

Amounts falling due between two and five years:
Bank loans - 2-5 years - 11,375

The bank loan is the government backed bounce back loan scheme.

GW GROUNDWORK SERVICES LIMITED (REGISTERED NUMBER: 05755240)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RELATED PARTY DISCLOSURES

As at 30th April 2024, the company owed to its directors £2,191 (2023 £2,861). No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

11. ULTIMATE CONTROLLING PARTY

During the year, the director Mr G Warren controlled the company by virtue of holding 100% of issued share capital.