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REGISTERED NUMBER: 12646130 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

NORTH WEST GROUNDWORKS AND LANDSCAPING
LIMITED

NORTH WEST GROUNDWORKS AND LANDSCAPING
LIMITED (REGISTERED NUMBER: 12646130)






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


NORTH WEST GROUNDWORKS AND LANDSCAPING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: J O'Donnell
S Wynne



REGISTERED OFFICE: Abenbury House
17 Wilkinson Business Park
Clywedog Road South
Wrexham
LL13 9AE



REGISTERED NUMBER: 12646130 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Lloyds Bank plc
28, Regent Street
Wrexham
LL11 1SE

NORTH WEST GROUNDWORKS AND LANDSCAPING
LIMITED (REGISTERED NUMBER: 12646130)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,910 40,521

CURRENT ASSETS
Stocks 5 4,746 39,391
Debtors 6 68,967 78,992
Cash at bank 510 2,164
74,223 120,547
CREDITORS
Amounts falling due within one year 7 398,118 486,092
NET CURRENT LIABILITIES (323,895 ) (365,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(293,985

)

(325,024

)

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (293,986 ) (325,025 )
SHAREHOLDERS' FUNDS (293,985 ) (325,024 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th October 2024 and were signed on its behalf by:




S Wynne - Director


NORTH WEST GROUNDWORKS AND LANDSCAPING
LIMITED (REGISTERED NUMBER: 12646130)

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

1. STATUTORY INFORMATION

North West Groundworks And Landscaping Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company has total liabilities which exceed the assets as a result of group undertakings. The liability is supported by the group undertakings and will not be withdrawn until such time as the balances can be recovered. It is considered appropriate to prepare these financial statements on the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery - 15% on cost
Motor vehicles - 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 Statement of Income and Retained Earnings, 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.


NORTH WEST GROUNDWORKS AND LANDSCAPING
LIMITED (REGISTERED NUMBER: 12646130)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2023 45,000 17,099 62,099
Disposals - (9,999 ) (9,999 )
At 31st March 2024 45,000 7,100 52,100
DEPRECIATION
At 1st April 2023 12,895 8,683 21,578
Charge for year 4,816 874 5,690
Eliminated on disposal - (5,078 ) (5,078 )
At 31st March 2024 17,711 4,479 22,190
NET BOOK VALUE
At 31st March 2024 27,289 2,621 29,910
At 31st March 2023 32,105 8,416 40,521

5. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 4,746 39,391

NORTH WEST GROUNDWORKS AND LANDSCAPING
LIMITED (REGISTERED NUMBER: 12646130)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 2,751
VAT 7 -
Deferred tax asset 68,960 76,241
68,967 78,992

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 10,356
Amounts owed to group undertakings 388,709 464,639
Social security and other taxes 5,869 6,107
VAT - 1,547
Other creditors 590 590
Accruals and deferred income 2,950 2,853
398,118 486,092

8. DEFERRED TAX
£   
Balance at 1st April 2023 (76,241 )
Movement in the year due to:
changes in tax rates
changes in tax allowances (2,016 )
changes in tax losses 9,297
Balance at 31st March 2024 (68,960 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

10. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

11. ULTIMATE CONTROLLING PARTY

The controlling party is Castlemead Group Limited.

The ultimate controlling party is Chiswell (Moorgate) Limited.