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REGISTERED NUMBER: 08846415 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

JRC GROUNDWORKS LTD

JRC GROUNDWORKS LTD (REGISTERED NUMBER: 08846415)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JRC GROUNDWORKS LTD

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTOR: Mr J Chiarello





REGISTERED OFFICE: 5 Upper Shelton Road
Marston Moretaine
Bedford
Bedfordshire
MK43 0LT





REGISTERED NUMBER: 08846415 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

JRC GROUNDWORKS LTD (REGISTERED NUMBER: 08846415)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,002 24,324

CURRENT ASSETS
Stocks 5,369 3,268
Debtors 5 - 10,071
Cash at bank 24,889 22,283
30,258 35,622
CREDITORS
Amounts falling due within one year 6 46,077 48,380
NET CURRENT LIABILITIES (15,819 ) (12,758 )
TOTAL ASSETS LESS CURRENT LIABILITIES (817 ) 11,566

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (917 ) 11,466
SHAREHOLDERS' FUNDS (817 ) 11,566

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

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

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 14 October 2024 and were signed by:



Mr J Chiarello - Director


JRC GROUNDWORKS LTD (REGISTERED NUMBER: 08846415)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

JRC 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.
Plant and machinery - 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 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.

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.

Going concern
The financial statements have been prepared on a going concern basis although the balance sheet displayed a negative amount at the balance sheet date. The directors has confirmed continued support to the company and will ensure the company retains sufficient working capital to continue trading for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

JRC GROUNDWORKS LTD (REGISTERED NUMBER: 08846415)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2023 87,461
Disposals (14,900 )
At 31 January 2024 72,561
DEPRECIATION
At 1 February 2023 63,137
Charge for year 5,000
Eliminated on disposal (10,578 )
At 31 January 2024 57,559
NET BOOK VALUE
At 31 January 2024 15,002
At 31 January 2023 24,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 6,500
VAT - 3,571
- 10,071

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 96
Corporation tax (389 ) 4,979
Social security and other taxes (4,404 ) (5,780 )
VAT 2,276 -
Directors' loan accounts 41,813 42,934
Accruals and deferred income 6,781 6,151
46,077 48,380

7. CALLED UP SHARE CAPITAL

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

JRC GROUNDWORKS LTD (REGISTERED NUMBER: 08846415)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


8. ULTIMATE CONTROLLING PARTY

The director and his spouse own 100% of the issued share capital of the company