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REGISTERED NUMBER: 00987037 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Grass Concrete Limited

Grass Concrete Limited (Registered number: 00987037)






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


Grass Concrete Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R E Howden OBE
Mrs A L Partridge





SECRETARY: Mrs A L Partridge





REGISTERED OFFICE: 142 Thornes Lane
Thornes
Wakefield
West Yorkshire
WF2 7RE





REGISTERED NUMBER: 00987037 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Grass Concrete Limited (Registered number: 00987037)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 12,606 19,740
Tangible assets 6 784,017 676,857
Investments 7 1,000 1,000
797,623 697,597

CURRENT ASSETS
Stocks 21,899 37,928
Debtors 8 782,579 722,306
Cash at bank and in hand 152,075 188,518
956,553 948,752
CREDITORS
Amounts falling due within one year 9 (853,051 ) (854,740 )
NET CURRENT ASSETS 103,502 94,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

901,125

791,609

CREDITORS
Amounts falling due after more than one
year

10

(299,234

)

(239,256

)

PROVISIONS FOR LIABILITIES (76,342 ) (87,232 )
NET ASSETS 525,549 465,121

CAPITAL AND RESERVES
Called up share capital 13 1,000 1,000
Retained earnings 524,549 464,121
SHAREHOLDERS' FUNDS 525,549 465,121

Grass Concrete Limited (Registered number: 00987037)

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 7 October 2024 and were signed on its behalf by:





Mr R E Howden OBE - Director


Grass Concrete Limited (Registered number: 00987037)

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

1. STATUTORY INFORMATION

Grass Concrete 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Grass Concrete Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Ongoing Developments Limited is regarded by the director as being the Company's ultimate parent company.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods provided during the year and derives from the provision of goods falling within the company's ordinary activities. Turnover is recognised on the day of delivery of the goods.

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.

Patents are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost straight line
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Freehold property is depreciated having regard for its estimated residual value at the end of its useful economic life. Minimal depreciation is provided in respect of freehold property as in the opinion of the directors the residual value at the end of the useful life will not be materially less than the carrying value in the financial statements.

Grass Concrete Limited (Registered number: 00987037)

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

3. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Grass Concrete Limited (Registered number: 00987037)

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 71,339
AMORTISATION
At 1 April 2023 51,599
Charge for year 7,134
At 31 March 2024 58,733
NET BOOK VALUE
At 31 March 2024 12,606
At 31 March 2023 19,740

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 383,188 651,909 1,035,097
Additions 180,376 4,038 184,414
At 31 March 2024 563,564 655,947 1,219,511
DEPRECIATION
At 1 April 2023 94,445 263,795 358,240
Charge for year 129 77,125 77,254
At 31 March 2024 94,574 340,920 435,494
NET BOOK VALUE
At 31 March 2024 468,990 315,027 784,017
At 31 March 2023 288,743 388,114 676,857

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,000
NET BOOK VALUE
At 31 March 2024 1,000
At 31 March 2023 1,000

Grass Concrete Limited (Registered number: 00987037)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 411,576 357,655
Amounts owed by group
undertaking 301,500 301,500
Other debtors 69,503 63,151
782,579 722,306

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,241 9,805
Hire purchase contracts (see note 11) 37,260 64,979
Trade creditors 241,397 261,360
Amounts owed to group undertakings 379,183 404,877
Taxation and social security 119,860 61,649
Other creditors 57,110 52,070
853,051 854,740

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 125,642 23,401
Hire purchase contracts (see note 11) 173,592 215,855
299,234 239,256

11. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 37,260 64,979
Between one and five years 173,592 215,855
210,852 280,834

The company has non-cancellable operating leases of £10,745 (2023: £7,820).

Grass Concrete Limited (Registered number: 00987037)

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

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 210,852 280,834
Bank loan 120,606 -
331,458 280,834

The hire purchase creditors are secured upon the assets to which they relate. One of the bank loans is secured against some of the freehold property owned by the company.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

14. CONTINGENT LIABILITIES

The company has given an unlimited multilateral guarantee over any bank debts of Chantry Contractors Limited, Ongoing Developments Limited, Landscape Grass (Concrete) Limited and Grass Concrete International Limited. These companies had bank debt of £nil at 31 March 2024 (2023: £nil).