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REGISTERED NUMBER: 10861368 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

LA Foundations Groundworks Limited

LA Foundations Groundworks Limited (Registered number: 10861368)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LA Foundations Groundworks Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs L Nicoll





REGISTERED OFFICE: Unit 33 Century Business Centre
Century Business Park
Manvers
Rotherham
South Yorkshire
S63 5DA





REGISTERED NUMBER: 10861368 (England and Wales)






LA Foundations Groundworks Limited (Registered number: 10861368)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,089 32,076

CURRENT ASSETS
Debtors 5 6,659 9,087

CREDITORS
Amounts falling due within one year 6 33,449 22,307
NET CURRENT LIABILITIES (26,790 ) (13,220 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(701

)

18,856

CREDITORS
Amounts falling due after more than one year 7 (11,342 ) (14,808 )

PROVISIONS FOR LIABILITIES (3,037 ) (6,094 )
NET LIABILITIES (15,080 ) (2,046 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (15,081 ) (2,047 )
SHAREHOLDERS' FUNDS (15,080 ) (2,046 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LA Foundations Groundworks Limited (Registered number: 10861368)

Balance Sheet - continued
31 July 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 15 October 2024 and were signed by:





Mrs L Nicoll - Director


LA Foundations Groundworks Limited (Registered number: 10861368)

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

1. STATUTORY INFORMATION

LA Foundations 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

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.

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
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.

Going concern
At the year end the company had net liabilities of £15,080 (2023: £2,046). However, the director confirmed that it remains appropriate to prepare the accounts on a going concern basis due to their continued financial support. The loan from the director at the balance sheet date was £15,250 (2023: £5,212). The director have confirmed they will not seek repayment until the company is in a position to repay from positive reserves.

LA Foundations Groundworks Limited (Registered number: 10861368)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 11,960 51,438 63,398
DEPRECIATION
At 1 August 2023 478 30,844 31,322
Charge for year 240 5,747 5,987
At 31 July 2024 718 36,591 37,309
NET BOOK VALUE
At 31 July 2024 11,242 14,847 26,089
At 31 July 2023 11,482 20,594 32,076

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

Plant and
machinery
etc
£   
COST
At 1 August 2023 51,438
Transfer to ownership (28,449 )
At 31 July 2024 22,989
DEPRECIATION
At 1 August 2023 30,844
Charge for year 5,747
Transfer to ownership (28,449 )
At 31 July 2024 8,142
NET BOOK VALUE
At 31 July 2024 14,847
At 31 July 2023 20,594

LA Foundations Groundworks Limited (Registered number: 10861368)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 3,559 -
Other debtors 3,100 9,087
6,659 9,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 9,181 8,105
Hire purchase contracts 3,467 6,484
Trade creditors 501 836
Other creditors 20,300 6,882
33,449 22,307

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 11,342 14,808

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank overdrafts 9,181 8,105
Hire purchase contracts 14,809 21,292
23,990 29,397

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary £1 1 1

LA Foundations Groundworks Limited (Registered number: 10861368)

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

10. RESERVES
Retained
earnings
£   

At 1 August 2023 (2,047 )
Deficit for the year (13,034 )
At 31 July 2024 (15,081 )