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REGISTERED NUMBER: 11238267 (England and Wales)















PAB GROUNDWORKS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






PAB GROUNDWORKS LTD (REGISTERED NUMBER: 11238267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


PAB GROUNDWORKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P Brown
P J Teanby





REGISTERED OFFICE: The Larches
Station Road
Ludborough
Grimsby
N E Lincolnshire
DN36 5SQ





REGISTERED NUMBER: 11238267 (England and Wales)





ACCOUNTANTS: Xeinadin Grimsby
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

PAB GROUNDWORKS LTD (REGISTERED NUMBER: 11238267)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,101 91,236

CURRENT ASSETS
Stocks 16,659 -
Debtors 5 62,163 48,904
Cash at bank 67,479 56,705
146,301 105,609
CREDITORS
Amounts falling due within one year 6 39,171 33,808
NET CURRENT ASSETS 107,130 71,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,231

163,037

CREDITORS
Amounts falling due after more than one
year

7

(13,130

)

(17,307

)

PROVISIONS FOR LIABILITIES (16,929 ) (17,335 )
NET ASSETS 166,172 128,395

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 165,972 128,195
166,172 128,395

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2024 and were signed on its behalf by:





P J Teanby - Director


PAB GROUNDWORKS LTD (REGISTERED NUMBER: 11238267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

PAB 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2023 119,450 17,257 136,707
Additions 40,045 - 40,045
At 31st March 2024 159,495 17,257 176,752
DEPRECIATION
At 1st April 2023 40,790 4,681 45,471
Charge for year 37,866 4,314 42,180
At 31st March 2024 78,656 8,995 87,651
NET BOOK VALUE
At 31st March 2024 80,839 8,262 89,101
At 31st March 2023 78,660 12,576 91,236

PAB GROUNDWORKS LTD (REGISTERED NUMBER: 11238267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st April 2023 26,780
Additions 38,995
At 31st March 2024 65,775
DEPRECIATION
At 1st April 2023 12,840
Charge for year 14,819
At 31st March 2024 27,659
NET BOOK VALUE
At 31st March 2024 38,116
At 31st March 2023 13,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 46,701 18,118
Amounts owed by group undertakings 9,404 9,404
VAT 3,484 18,997
Prepayments 2,574 2,385
62,163 48,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,371 (1,262 )
Tax 10,584 4,189
CIS tax payable 540 778
Directors' current accounts 24,426 21,353
Accrued expenses 1,250 8,750
39,171 33,808

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 6,210 8,603
Hire purchase contracts 6,920 8,704
13,130 17,307