10028023falseThe provision of Groundworks and Civil Engineering2023-03-012024-02-29http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-02-29http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2024-02-29http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-29http://www.companieshouse.gov.uk/cd:Director22023-03-012024-02-29http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-02-29http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-02-29http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-03-012024-02-29http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-03-012024-02-29http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-02-29http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-29http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/2023-03-012024-02-29http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-02-29http://www.companieshouse.gov.uk/2024-02-29http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-02-29http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-02-29iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10028023

GMC Groundworks Ltd

ACCOUNTS
FOR THE YEAR ENDED 29/02/2024

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

GMC Groundworks Ltd

ACCOUNTS
FOR THE YEAR ENDED 29/02/2024
DIRECTORS
Caroline Mangan
Gerard Mangan
REGISTERED OFFICE
Sterling House
31-32 High Street
Wellingborough
Northamptonshire
NN8 4HL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10028023
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

GMC Groundworks Ltd

ACCOUNTS
FOR THEYEARENDED29/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

GMC Groundworks Ltd

BALANCE SHEET AT 29/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets36,8528,388
CURRENT ASSETS
Debtors411,88224,477
Cash at bank and in hand26,63732,838
38,51957,315
CREDITORS: Amounts falling due within one year524,10411,260
NET CURRENT ASSETS14,41546,055
TOTAL ASSETS LESS CURRENT LIABILITIES21,26754,443
PROVISIONS FOR LIABILITIES AND CHARGES61,3021,594
NET ASSETS19,96552,849
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account19,96352,847
SHAREHOLDERS' FUNDS19,96552,849
For the year ending 29/02/2024 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 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/11/2024 and signed on their behalf by
.............................
Gerard Mangan
Director

GMC Groundworks Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 29/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 20%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsstraight line 20%
2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/03/202330,3057731,35132,429
Additions-3,000-3,000
At 29/02/202430,3053,7731,35135,429
Depreciation
At 01/03/202322,35477391424,041
For the year3,904563694,536
At 29/02/202426,2581,33698328,577
Net Book Amounts
At 29/02/20244,0472,4373686,852
At 28/02/20237,951-4378,388

GMC Groundworks Ltd

4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors11,46614,240
PAYE control140-
Prepayments276272
Directors current account-9,965
11,88224,477
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax10,5385,936
VAT1,877380
PAYE control-801
Directors current account12-
Credit card3,2652,117
Trade creditors6,470172
Accruals1,9421,854
24,10411,260
6. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation1,3021,594
1,3021,594
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22

GMC Groundworks Ltd

8. CONTROLLING PARTY
The company is controlled by G and C Mangan.