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REGISTERED NUMBER: 10809314 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

CLN Grounds Maintenance Limited

CLN Grounds Maintenance Limited (Registered number: 10809314)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLN Grounds Maintenance Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Nigel Peter Greenhalgh
Mrs Cheryl Louise Greenhalgh



REGISTERED OFFICE: Hazlemere
70-72 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 10809314 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: HSBC Bank plc
1-3 Victoria Square
BOLTON
Lancashire
BL1 1RJ

CLN Grounds Maintenance Limited (Registered number: 10809314)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,292 20,542
Tangible assets 5 41,917 32,314
58,209 52,856

CURRENT ASSETS
Stocks 35,000 35,000
Debtors 6 107,910 80,292
Cash at bank and in hand 11,823 -
154,733 115,292
CREDITORS
Amounts falling due within one year 7 128,522 102,926
NET CURRENT ASSETS 26,211 12,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,420

65,222

CREDITORS
Amounts falling due after more than one
year

8

79,923

64,016
NET ASSETS 4,497 1,206

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 4,397 1,106
SHAREHOLDERS' FUNDS 4,497 1,206

CLN Grounds Maintenance Limited (Registered number: 10809314)

Balance Sheet - continued
31 March 2024


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

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

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 12 September 2024 and were signed on its behalf by:





Mr Nigel Peter Greenhalgh - Director


CLN Grounds Maintenance Limited (Registered number: 10809314)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

CLN Grounds Maintenance 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 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - Straight line over 3 years
Motor vehicles - 25% on reducing balance

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 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.

CLN Grounds Maintenance Limited (Registered number: 10809314)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 6 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 42,500
AMORTISATION
At 1 April 2023 21,958
Amortisation for year 4,250
At 31 March 2024 26,208
NET BOOK VALUE
At 31 March 2024 16,292
At 31 March 2023 20,542

CLN Grounds Maintenance Limited (Registered number: 10809314)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 39,688 39,996 79,684
Additions 3,828 18,984 22,812
At 31 March 2024 43,516 58,980 102,496
DEPRECIATION
At 1 April 2023 28,389 18,981 47,370
Charge for year 7,560 5,649 13,209
At 31 March 2024 35,949 24,630 60,579
NET BOOK VALUE
At 31 March 2024 7,567 34,350 41,917
At 31 March 2023 11,299 21,015 32,314

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 20,071 28,996 49,067
DEPRECIATION
At 1 April 2023
and 31 March 2024 6,996 9,029 16,025
NET BOOK VALUE
At 31 March 2024 13,075 19,967 33,042
At 31 March 2023 13,075 19,967 33,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,400 1,650
Directors' current accounts 48,322 24,505
Tax 10,000 6,625
Accrued income 48,188 47,512
107,910 80,292

CLN Grounds Maintenance Limited (Registered number: 10809314)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,433 36,103
Hire purchase contracts (see note 9) 17,618 6,870
Trade creditors 47,435 28,164
Tax 9,086 8,371
Social security and other taxes 2,797 979
Pension fund 459 111
VAT 2,976 4,854
Other creditors 200 -
Credit Card 3,342 11,755
Accrued expenses 4,176 5,719
128,522 102,926

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,371 5,511
Bank loans - 2-5 years 19,112 16,533
Bank loans more 5 yr by instal 6,339 17,816
Hire purchase contracts (see note 9) 48,101 24,156
79,923 64,016

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,339 17,816

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 17,618 6,870
Between one and five years 48,101 24,156
65,719 31,026

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

CLN Grounds Maintenance Limited (Registered number: 10809314)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr Nigel Peter Greenhalgh and Mrs Cheryl Louise Greenhalgh
Balance outstanding at start of year 28,505 23,883
Amounts advanced 29,497 4,622
Amounts repaid (9,679 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,323 28,505