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REGISTERED NUMBER: 08726124 (England and Wales)















ALLWINDS GROUND MAINTENANCE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






ALLWINDS GROUND MAINTENANCE LTD (REGISTERED NUMBER: 08726124)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

ALLWINDS GROUND MAINTENANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C Holden





REGISTERED OFFICE: C/O Cox Costello & Horne
Batchworth Lock House
99 Church Street
Rickmansworth
WD3 1JJ





REGISTERED NUMBER: 08726124 (England and Wales)





ACCOUNTANTS: Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ

ALLWINDS GROUND MAINTENANCE LTD (REGISTERED NUMBER: 08726124)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 72,423 53,760

CURRENT ASSETS
Debtors 5 245,078 178,758
Cash at bank 44,450 21,445
289,528 200,203
CREDITORS
Amounts falling due within one year 6 241,787 185,619
NET CURRENT ASSETS 47,741 14,584
TOTAL ASSETS LESS CURRENT LIABILITIES 120,164 68,344

CREDITORS
Amounts falling due after more than one year 7 (41,182 ) (27,327 )

PROVISIONS FOR LIABILITIES (13,760 ) (10,214 )
NET ASSETS 65,222 30,803

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 45,222 10,803
SHAREHOLDERS' FUNDS 65,222 30,803

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

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

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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:





C Holden - Director


ALLWINDS GROUND MAINTENANCE LTD (REGISTERED NUMBER: 08726124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Allwinds Ground Maintenance 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.

Going concern basis
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future; taken to be 12 months from signing the financial statements. No material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. The company therefore continues to adopt the going concern basis in preparing its financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Financial instruments
a) Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

b) Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

c) Cash at bank
Cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Cash and bank balances are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


ALLWINDS GROUND MAINTENANCE LTD (REGISTERED NUMBER: 08726124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
-the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
-any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.date.

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.

Pension costs
The company makes contributes into the personal retirement schemes of certain staff. Contributions by the company and staff are determined by mutual agreement.

In the aforementioned scheme, staff contract directly with the pension company, and assets of those schemes are held separately from those of the company. The company acts as agent in collecting and paying over staff pension contributions. Once the contributions have been paid, the company as employer has no further obligations.

The company's contributions are charged to the profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 89,447
Additions 35,509
At 31 December 2023 124,956
DEPRECIATION
At 1 January 2023 35,687
Charge for year 16,846
At 31 December 2023 52,533
NET BOOK VALUE
At 31 December 2023 72,423
At 31 December 2022 53,760

ALLWINDS GROUND MAINTENANCE LTD (REGISTERED NUMBER: 08726124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 January 2023 38,107
Additions 23,643
At 31 December 2023 61,750
DEPRECIATION
At 1 January 2023 6,193
Charge for year 11,167
At 31 December 2023 17,360
NET BOOK VALUE
At 31 December 2023 44,390
At 31 December 2022 31,914

Assets under hire purchase contracts are secured against the finance contract concerned.

5. DEBTORS
31.12.23 31.12.22
£ £
Amounts falling due within one year:
Trade debtors 121,544 34,786
Amounts receivable in respect of hire purchase
contracts

11,099

2,270
Other debtors 42,435 68,167
175,078 105,223

Amounts falling due after more than one year:
Amounts receivable in respect of hire purchase
contracts

-

3,535
Other debtors 70,000 70,000
70,000 73,535

Aggregate amounts 245,078 178,758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Hire purchase contracts 14,237 9,966
Trade creditors 9,412 9,985
Taxation and social security 135,859 138,763
Other creditors 82,279 26,905
241,787 185,619

ALLWINDS GROUND MAINTENANCE LTD (REGISTERED NUMBER: 08726124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£ £
Hire purchase contracts 41,182 27,327

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£ £
Hire purchase contracts 55,419 37,293

Hire purchase contracts are secured over the tangible assets concerned.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£ £
C Holden
Balance outstanding at start of year 29,525 53,818
Amounts advanced - 14,767
Amounts repaid (29,525 ) (39,060 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 29,525

Should the balance remain outstanding for longer than nine months after the financial year, the balance will attract a tax charge under the regime ""charge to tax in case of loan to participator".

The outstanding director's loan account has been settled during the year.

10. RELATED PARTY DISCLOSURES

At the reporting date, the company owed the director £67,936.

At the reporting date, net amounts due from related parties were £67,074 (2022 - £46,561). Parties are related by close family of the director.

Amounts outstanding are unsecured, attracts no interest, have no fixed repayments terms and considered long term in nature.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ALLWINDS GROUND MAINTENANCE LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Allwinds Ground Maintenance Ltd for the year ended 31 December 2023 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Allwinds Ground Maintenance Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allwinds Ground Maintenance Ltd and state those matters that we have agreed to state to the director of Allwinds Ground Maintenance Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Allwinds Ground Maintenance Ltd and its director for our work or for this report.

It is your duty to ensure that Allwinds Ground Maintenance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Allwinds Ground Maintenance Ltd. You consider that Allwinds Ground Maintenance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Allwinds Ground Maintenance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ


10 October 2024