2023-07-012024-06-302024-06-30false09595570J.O GROUNDWORKS LIMITED2024-10-0943999iso4217:GBPxbrli:pure095955702023-07-01095955702024-06-30095955702023-07-012024-06-30095955702022-07-01095955702023-06-30095955702022-07-012023-06-3009595570bus:SmallEntities2023-07-012024-06-3009595570bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3009595570bus:AbridgedAccounts2023-07-012024-06-3009595570bus:PrivateLimitedCompanyLtd2023-07-012024-06-3009595570core:WithinOneYear2024-06-3009595570core:AfterOneYear2024-06-3009595570core:WithinOneYear2023-06-3009595570core:AfterOneYear2023-06-3009595570core:ShareCapital2024-06-3009595570core:SharePremium2024-06-3009595570core:RevaluationReserve2024-06-3009595570core:OtherReservesSubtotal2024-06-3009595570core:RetainedEarningsAccumulatedLosses2024-06-3009595570core:ShareCapital2023-06-3009595570core:SharePremium2023-06-3009595570core:RevaluationReserve2023-06-3009595570core:OtherReservesSubtotal2023-06-3009595570core:RetainedEarningsAccumulatedLosses2023-06-3009595570core:LandBuildings2024-06-3009595570core:PlantMachinery2024-06-3009595570core:Vehicles2024-06-3009595570core:FurnitureFittings2024-06-3009595570core:OfficeEquipment2024-06-3009595570core:NetGoodwill2024-06-3009595570core:IntangibleAssetsOtherThanGoodwill2024-06-3009595570core:ListedExchangeTraded2024-06-3009595570core:UnlistedNon-exchangeTraded2024-06-3009595570core:LandBuildings2023-06-3009595570core:PlantMachinery2023-06-3009595570core:Vehicles2023-06-3009595570core:FurnitureFittings2023-06-3009595570core:OfficeEquipment2023-06-3009595570core:NetGoodwill2023-06-3009595570core:IntangibleAssetsOtherThanGoodwill2023-06-3009595570core:ListedExchangeTraded2023-06-3009595570core:UnlistedNon-exchangeTraded2023-06-3009595570core:LandBuildings2023-07-012024-06-3009595570core:PlantMachinery2023-07-012024-06-3009595570core:Vehicles2023-07-012024-06-3009595570core:FurnitureFittings2023-07-012024-06-3009595570core:OfficeEquipment2023-07-012024-06-3009595570core:NetGoodwill2023-07-012024-06-3009595570core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009595570core:ListedExchangeTraded2023-07-012024-06-3009595570core:UnlistedNon-exchangeTraded2023-07-012024-06-3009595570core:MoreThanFiveYears2023-07-012024-06-3009595570core:Non-currentFinancialInstruments2024-06-3009595570core:Non-currentFinancialInstruments2023-06-3009595570dpl:CostSales2023-07-012024-06-3009595570dpl:DistributionCosts2023-07-012024-06-3009595570core:LandBuildings2023-07-012024-06-3009595570core:PlantMachinery2023-07-012024-06-3009595570core:Vehicles2023-07-012024-06-3009595570core:FurnitureFittings2023-07-012024-06-3009595570core:OfficeEquipment2023-07-012024-06-3009595570dpl:AdministrativeExpenses2023-07-012024-06-3009595570core:NetGoodwill2023-07-012024-06-3009595570core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009595570dpl:GroupUndertakings2023-07-012024-06-3009595570dpl:ParticipatingInterests2023-07-012024-06-3009595570dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3009595570core:ListedExchangeTraded2023-07-012024-06-3009595570dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3009595570core:UnlistedNon-exchangeTraded2023-07-012024-06-3009595570dpl:CostSales2022-07-012023-06-3009595570dpl:DistributionCosts2022-07-012023-06-3009595570core:LandBuildings2022-07-012023-06-3009595570core:PlantMachinery2022-07-012023-06-3009595570core:Vehicles2022-07-012023-06-3009595570core:FurnitureFittings2022-07-012023-06-3009595570core:OfficeEquipment2022-07-012023-06-3009595570dpl:AdministrativeExpenses2022-07-012023-06-3009595570core:NetGoodwill2022-07-012023-06-3009595570core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3009595570dpl:GroupUndertakings2022-07-012023-06-3009595570dpl:ParticipatingInterests2022-07-012023-06-3009595570dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3009595570core:ListedExchangeTraded2022-07-012023-06-3009595570dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3009595570core:UnlistedNon-exchangeTraded2022-07-012023-06-3009595570core:NetGoodwill2024-06-3009595570core:IntangibleAssetsOtherThanGoodwill2024-06-3009595570core:LandBuildings2024-06-3009595570core:PlantMachinery2024-06-3009595570core:Vehicles2024-06-3009595570core:FurnitureFittings2024-06-3009595570core:OfficeEquipment2024-06-3009595570core:AfterOneYear2024-06-3009595570core:WithinOneYear2024-06-3009595570core:ListedExchangeTraded2024-06-3009595570core:UnlistedNon-exchangeTraded2024-06-3009595570core:ShareCapital2024-06-3009595570core:SharePremium2024-06-3009595570core:RevaluationReserve2024-06-3009595570core:OtherReservesSubtotal2024-06-3009595570core:RetainedEarningsAccumulatedLosses2024-06-3009595570core:NetGoodwill2023-06-3009595570core:IntangibleAssetsOtherThanGoodwill2023-06-3009595570core:LandBuildings2023-06-3009595570core:PlantMachinery2023-06-3009595570core:Vehicles2023-06-3009595570core:FurnitureFittings2023-06-3009595570core:OfficeEquipment2023-06-3009595570core:AfterOneYear2023-06-3009595570core:WithinOneYear2023-06-3009595570core:L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J.O GROUNDWORKS LIMITED

Registered Number
09595570
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

J.O GROUNDWORKS LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

ORTON, James

Registered Address

Ashlands Farm Copt Oak Road
Narborough
Leicester
LE19 3EF

Place of Business

Ashlands Farm

Copt Oak Road

Narborough

Leicester

LE19 3EF


Registered Number

09595570 (England and Wales)
J.O GROUNDWORKS LIMITED
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3196,163228,222
196,163228,222
Current assets
Stocks4477,025278,394
Debtors5714,578647,082
Cash at bank and on hand-18
1,191,603925,494
Creditors amounts falling due within one year6(633,178)(488,286)
Net current assets (liabilities)558,425437,208
Total assets less current liabilities754,588665,430
Creditors amounts falling due after one year7(1,424,959)(1,613,224)
Net assets(670,371)(947,794)
Capital and reserves
Called up share capital100100
Profit and loss account(670,471)(947,894)
Shareholders' funds(670,371)(947,794)
The financial statements were approved and authorised for issue by the Director on 9 October 2024, and are signed on its behalf by:
ORTON, James
Director
Registered Company No. 09595570
J.O GROUNDWORKS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
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, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 23385,807
Additions(13,278)
At 30 June 24372,529
Depreciation and impairment
At 01 July 23157,585
Charge for year36,665
On disposals(17,884)
At 30 June 24176,366
Net book value
At 30 June 24196,163
At 30 June 23228,222
4.Stocks

2024

2023

££
Work in progress477,025278,394
Total477,025278,394
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables636,473591,837
Other debtors36,98832,088
Prepayments and accrued income41,11723,157
Total714,578647,082
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables553,844431,669
Bank borrowings and overdrafts79,33431,962
Finance lease and HP contracts-7,996
Other creditors-16,659
Total633,178488,286
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Trade creditors / trade payables1,348,4691,473,668
Bank borrowings and overdrafts76,490139,556
Total1,424,9591,613,224