Company Registration No. 09772255 (England and Wales)
M3 Groundworks Ltd
Unaudited accounts
for the year ended 31 March 2024
M3 Groundworks Ltd
Unaudited accounts
Contents
M3 Groundworks Ltd
Company Information
for the year ended 31 March 2024
Directors
Matthew Hazelgrave
Martin Stanton
Company Number
09772255 (England and Wales)
Registered Office
UNIT E2 LOTHERTON BUSINESS PARK LOTHERTO
GARFORTH
LEEDS
WEST YORKSHIRE
LS25 2HP
ENGLAND
Accountants
Neil Gallagher
GG Accounting Solutions Limited
77 Willans Avenue
Leeds
LS26 0NF
M3 Groundworks Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
92,717
90,258
Cash at bank and in hand
40,049
90,817
Creditors: amounts falling due within one year
(204,308)
(154,737)
Net current (liabilities)/assets
(6,203)
1,773
Total assets less current liabilities
86,514
92,031
Creditors: amounts falling due after more than one year
(36,761)
(63,374)
Called up share capital
30
30
Profit and loss account
49,723
28,627
Shareholders' funds
49,753
28,657
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by
Matthew Hazelgrave
Director
Company Registration No. 09772255
M3 Groundworks Ltd
Notes to the Accounts
for the year ended 31 March 2024
M3 Groundworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 09772255. The registered office is UNIT E2 LOTHERTON BUSINESS PARK LOTHERTO, GARFORTH, LEEDS, WEST YORKSHIRE, LS25 2HP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Motor vehicles
25% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
74,200
102,071
176,271
At 31 March 2024
103,950
102,071
206,021
At 1 April 2023
44,067
41,946
86,013
Charge for the year
5,898
21,393
27,291
At 31 March 2024
49,965
63,339
113,304
At 31 March 2024
53,985
38,732
92,717
At 31 March 2023
30,133
60,125
90,258
M3 Groundworks Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
141,116
63,033
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
44,484
59,486
Obligations under finance leases and hire purchase contracts
8,925
35,082
Trade creditors
119,313
35,887
Taxes and social security
29,718
23,934
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
17,850
-
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).