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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
Page
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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
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M3 Groundworks Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
92,717 
90,258 
Current assets
Debtors
158,056 
65,693 
Cash at bank and in hand
40,049 
90,817 
198,105 
156,510 
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)
Net assets
49,753 
28,657 
Capital and reserves
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
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M3 Groundworks Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
29,750 
- 
29,750 
At 31 March 2024
103,950 
102,071 
206,021 
Depreciation
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 
Net book value
At 31 March 2024
53,985 
38,732 
92,717 
At 31 March 2023
30,133 
60,125 
90,258 
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M3 Groundworks Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
16,940 
2,660 
Trade debtors
141,116 
63,033 
158,056 
65,693 
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 
Other creditors
1,868 
348 
204,308 
154,737 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,911 
63,374 
Obligations under finance leases and hire purchase contracts
17,850 
- 
36,761 
63,374 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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