01 April 2023 31 March 2024 No principle activity is included 04189524 2023-04-01 04189524 2024-03-31 04189524 2023-04-01 2024-03-31 04189524 2023-03-31 04189524 2022-04-01 2023-03-31 04189524 uk-core:WithinOneYear 2024-03-31 04189524 uk-core:WithinOneYear 2023-03-31 04189524 uk-core:AfterOneYear 2024-03-31 04189524 uk-core:AfterOneYear 2023-03-31 04189524 uk-core:ShareCapital 2024-03-31 04189524 uk-core:ShareCapital 2023-03-31 04189524 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04189524 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04189524 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 04189524 uk-curr:PoundSterling 2023-04-01 2024-03-31 04189524 uk-core:PlantMachinery 2023-04-01 2024-03-31 04189524 uk-core:Vehicles 2023-04-01 2024-03-31 04189524 uk-core:FurnitureFittings 2023-04-01 2024-03-31 04189524 uk-core:OfficeEquipment 2023-04-01 2024-03-31 04189524 uk-core:LandBuildings uk-core:LongLeaseholdAssets 2023-03-31 04189524 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2023-03-31 04189524 uk-core:VehiclesPlantMachinery 2023-03-31 04189524 uk-core:FurnitureFittingsToolsEquipment 2023-03-31 04189524 uk-core:LandBuildings uk-core:LongLeaseholdAssets 2023-04-01 2024-03-31 04189524 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2023-04-01 2024-03-31 04189524 uk-core:VehiclesPlantMachinery 2023-04-01 2024-03-31 04189524 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04189524 uk-core:LandBuildings uk-core:LongLeaseholdAssets 2024-03-31 04189524 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2024-03-31 04189524 uk-core:VehiclesPlantMachinery 2024-03-31 04189524 uk-core:FurnitureFittingsToolsEquipment 2024-03-31 04189524 uk-core:WithinOneYear 2023-04-01 2024-03-31 04189524 uk-core:BetweenOneTwoYears 2024-03-31 04189524 uk-core:BetweenOneTwoYears 2023-03-31 04189524 uk-core:BetweenTwoFiveYears 2024-03-31 04189524 uk-core:BetweenTwoFiveYears 2023-03-31 04189524 uk-bus:FRS102 2023-04-01 2024-03-31 04189524 uk-bus:FullAccounts 2023-04-01 2024-03-31 04189524 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04189524 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  MKC GROUNDWORK LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 MARCH 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  MKC GROUNDWORK LIMITED
  Company registered number: 04189524
  ABRIDGED STATEMENT OF FINANCIAL POSITION AT 31 March 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 471,390 417,674
  CURRENT ASSETS    
  Inventories   829,700 933,200
  Debtors 4 197,129 197,703
  Cash at bank and in hand   9,371 2,563
      1,036,200 1,133,466
  CREDITORS: Amounts falling due within one year 5 778,993 851,356
  NET CURRENT ASSETS   257,207 282,110
  TOTAL ASSETS LESS CURRENT LIABILITIES   728,597 699,784
           
  CREDITORS: Amounts falling due after more than one year 6 (262,302) (155,440)
  NET ASSETS   £466,295 £544,344
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   466,195 544,244
  SHAREHOLDERS' FUNDS   £466,295 £544,344
       
  page 1
  MKC GROUNDWORK LIMITED
  Company registered number: 04189524
  ABRIDGED STATEMENT OF FINANCIAL POSITION AT 31 March 2024 (CONT.)
           
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  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: 1) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
       
  These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies
       
  All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444 (2A) of the Companies Act 2006
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered
  The financial statements were approved and authorised for issue by the board of directors on 07 November 2024
 
  Signed on behalf of the board of directors
 
 
       
  M Casey, Director
       
       
  page 2
  MKC GROUNDWORK LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 MARCH 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  MKC Groundwork Limited is a private company limited by shares incorporated in England.
         
  Registered office:
  74 St. George's Road
Bolton
Lancashire
BL1 2DD
         
1b. Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
         
  Taxation represents the sum of corporation tax currently payable. The company's liability for corporation tax is calculated using tax rates that have been enacted by the end of the reporting period.
       
1e. Fixed assets
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Computer equipment Reducing balance 33%  
         
1f. Stocks and work in progress
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition. Work in progress is reflected in the accounts by recording turnover and related costs as activity progresses.
         
  page 3
  MKC GROUNDWORK LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1h. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
    No. No.
  Management and administration 6 5
  Production and sales 19 21
    25 26
   
  page 4
  MKC GROUNDWORK LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2024
             
3. TANGIBLE FIXED ASSETS
             
    Motor Plant & Fixtures & Computer  
    Vehicles Machinery Fittings Equipment Total
             
    £ £ £ £ £
  Cost
             
  At 1 April 2023 333,738 877,863 16,779 7,625 1,236,005
  Additions other than through business combinations 110,475 117,681 1,450 249 229,855
  Disposals (22,190) (12,034) (5,018) (1,279) (40,521)
  At 31 March 2024 422,023 983,510 13,211 6,595 1,425,339
   
  Depreciation
             
  At 1 April 2023 208,638 600,068 5,762 3,863 818,331
  Disposals (12,710) (7,358) (2,789) (1,027) (23,884)
  For the year 57,925 98,508 1,773 1,296 159,502
  At 31 March 2024 253,853 691,218 4,746 4,132 953,949
   
  Net Book Amounts
             
  At 31 March 2024 168,170 292,292 8,465 2,463 471,390
   
  At 31 March 2023 125,100 277,795 11,017 3,762 417,674
   
       
       
4. DEBTORS :AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023
    £ £
  Trade debtors 103,904 99,838
  Social security and other taxes 47,970 55,498
  Other debtors 45,255 42,367
    £197,129 £197,703
   
  page 5
  MKC GROUNDWORK LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2024
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Debenture loans 58,333 33,333
  Bank loans and overdrafts 19,086 -
  Finance leases and hire purchase contracts 105,658 109,698
  Trade creditors 436,002 467,141
  Corporation tax 26,626 97,409
  Other taxes and social security 29,428 32,296
  Other creditors 4,278 37,003
  Accruals and deferred income 99,582 74,476
    £778,993 £851,356
   
 
Of the creditors falling due within and after more than one year, the obligations under hire purchase contracts totalling £250,599 are secured on the assets concerned. The bank loan and overdraft are secured by a debenture over the company's assets.
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 44,444 77,777
  Other loans 72,917 -
  Finance leases and hire purchase contracts 144,941 77,663
    £262,302 £155,440
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  leases 105,658 109,698
  other 58,333 33,333
  within 1-2 years
  bank 33,333 33,333
  other 25,000 -
  within 2-5 years
  bank 11,111 44,444
  leases 144,941 77,663
  other 47,917 -
    £426,293 £298,471
   
  page 6