8 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13407000 2023-04-01 2024-03-31 13407000 2024-03-31 13407000 2023-03-31 13407000 2022-04-01 2023-03-31 13407000 2023-03-31 13407000 2022-03-31 13407000 core:NetGoodwill 2023-04-01 2024-03-31 13407000 core:PlantMachinery 2023-04-01 2024-03-31 13407000 bus:RegisteredOffice 2023-04-01 2024-03-31 13407000 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 13407000 bus:Director1 2023-04-01 2024-03-31 13407000 core:NetGoodwill 2023-03-31 13407000 core:NetGoodwill 2024-03-31 13407000 core:PlantMachinery 2023-03-31 13407000 core:PlantMachinery 2024-03-31 13407000 core:DeferredTaxation 2023-04-01 2024-03-31 13407000 core:WithinOneYear 2024-03-31 13407000 core:WithinOneYear 2023-03-31 13407000 core:ShareCapital 2024-03-31 13407000 core:ShareCapital 2023-03-31 13407000 core:RetainedEarningsAccumulatedLosses 2024-03-31 13407000 core:RetainedEarningsAccumulatedLosses 2023-03-31 13407000 core:NetGoodwill 2023-03-31 13407000 core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 13407000 core:PlantMachinery 2023-03-31 13407000 core:DeferredTaxation 2024-03-31 13407000 bus:Director1 2023-03-31 13407000 bus:Director1 2024-03-31 13407000 bus:Director1 2023-03-31 13407000 bus:Director1 2022-04-01 2023-03-31 13407000 bus:SmallEntities 2023-04-01 2024-03-31 13407000 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13407000 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13407000 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13407000 bus:FullAccounts 2023-04-01 2024-03-31
Company registration number: 13407000
Dan Carroll Groundworks Ltd
Unaudited filleted financial statements
31 March 2024
Dan Carroll Groundworks Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Dan Carroll Groundworks Ltd
Directors and other information
Director Mr Daniel Carroll
Company number 13407000
Registered office The Old Barn
Tyn y Minffordd
Llanfwrog
Ruthin
LL15 2LL
Accountant Lynda Roberts and Co
The Old Barn, Tyn y Minffordd
Llanfwrog
Ruthin
Denbighshire
LL15 2LL
Dan Carroll Groundworks Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of Dan Carroll Groundworks Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Dan Carroll Groundworks Ltd for the year ended 31 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Dan Carroll Groundworks Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Dan Carroll Groundworks Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Dan Carroll Groundworks Ltd and its director as a body for my work or for this report.
It is your duty to ensure that Dan Carroll Groundworks Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dan Carroll Groundworks Ltd. You consider that Dan Carroll Groundworks Ltd is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Dan Carroll Groundworks Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Lynda Roberts and Co
Chartered Certified Accountants
The Old Barn, Tyn y Minffordd
Llanfwrog
Ruthin
Denbighshire
LL15 2LL
27 September 2024
Dan Carroll Groundworks Ltd
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 4,100 8,200
Tangible assets 6 102,744 26,182
_______ _______
106,844 34,382
Current assets
Stocks 3,010 -
Debtors 7 91,497 65,280
Cash at bank and in hand 6,724 55,998
_______ _______
101,231 121,278
Creditors: amounts falling due
within one year 8 ( 134,248) ( 127,527)
_______ _______
Net current liabilities ( 33,017) ( 6,249)
_______ _______
Total assets less current liabilities 73,827 28,133
Provisions for liabilities 9 ( 19,297) -
_______ _______
Net assets 54,530 28,133
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 54,520 28,123
_______ _______
Shareholder funds 54,530 28,133
_______ _______
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 September 2024 , and are signed on behalf of the board by:
Mr Daniel Carroll
Director
Company registration number: 13407000
Dan Carroll Groundworks Ltd
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Barn, Tyn y Minffordd, Llanfwrog, Ruthin, LL15 2LL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 33 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 5 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2023 and 31 March 2024 12,300 12,300
_______ _______
Amortisation
At 1 April 2023 4,100 4,100
Charge for the year 4,100 4,100
_______ _______
At 31 March 2024 8,200 8,200
_______ _______
Carrying amount
At 31 March 2024 4,100 4,100
_______ _______
At 31 March 2023 8,200 8,200
_______ _______
6. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 April 2023 34,910 34,910
Additions 112,030 112,030
Disposals ( 1,626) ( 1,626)
_______ _______
At 31 March 2024 145,314 145,314
_______ _______
Depreciation
At 1 April 2023 8,728 8,728
Charge for the year 34,553 34,553
Disposals ( 711) ( 711)
_______ _______
At 31 March 2024 42,570 42,570
_______ _______
Carrying amount
At 31 March 2024 102,744 102,744
_______ _______
At 31 March 2023 26,182 26,182
_______ _______
7. Debtors
2024 2023
£ £
Trade debtors 91,147 14,001
Other debtors 350 51,279
_______ _______
91,497 65,280
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 25,728 57,644
Corporation tax - 14,481
Social security and other taxes 13,149 -
Other creditors 95,371 55,402
_______ _______
134,248 127,527
_______ _______
9. Provisions
Deferred tax (note 10) Total
£ £
At 1 April 2023 - -
Additions 19,297 19,297
_______ _______
At 31 March 2024 19,297 19,297
_______ _______
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024 2023
£ £
Included in provisions (note 9) 19,297 -
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2024 2023
£ £
Accelerated capital allowances 19,297 -
_______ _______
11. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Daniel Carroll ( 1,574) ( 7,520) ( 9,094)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Daniel Carroll - ( 1,574) ( 1,574)
_______ _______ _______