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REGISTERED NUMBER: 08486540 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Capel Groundworks Limited

Capel Groundworks Limited (Registered number: 08486540)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capel Groundworks Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M J Pile
C P Pile





REGISTERED OFFICE: Great Satmar Farm
Satmar Lane
Capel le Ferne
Folkestone
Kent
CT18 7JF





REGISTERED NUMBER: 08486540 (England and Wales)





ACCOUNTANTS: Beverton & Co.
Chartered Accountants
Maybrook House
York Street
Dover
Kent
CT17 9FA

Capel Groundworks Limited (Registered number: 08486540)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 150,000 150,000
Tangible assets 5 403,762 328,061
553,762 478,061

CURRENT ASSETS
Stocks 135,590 966,703
Debtors 6 657,920 190,384
Cash at bank and in hand 771,230 148,394
1,564,740 1,305,481
CREDITORS
Amounts falling due within one year 7 229,385 234,574
NET CURRENT ASSETS 1,335,355 1,070,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,889,117

1,548,968

CREDITORS
Amounts falling due after more than one
year

8

(19,920

)

(23,532

)

PROVISIONS FOR LIABILITIES (100,941 ) (63,939 )
NET ASSETS 1,768,256 1,461,497

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,767,256 1,460,497
SHAREHOLDERS' FUNDS 1,768,256 1,461,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Capel Groundworks Limited (Registered number: 08486540)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2024 and were signed on its behalf by:





M J Pile - Director


Capel Groundworks Limited (Registered number: 08486540)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Capel Groundworks 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arises on the acquisition of the business in April 2013, previously carried on by the Directors as a partnership.
Goodwill is assumed to have an indefinite life and therefore the accounts depart from the specific requirements of the Companies Act 1985 Schedule 4 paragraph 21 to amortise goodwill over a finite life in order to give a true and fair value. The departure is in compliance with FRS10 'Goodwill and intangible assets'.
Goodwill is subject to an annual impairment review and whenever events or changes in circumstances indicate that the carrying value may not be recoverable an impairment charge is reflected in the profit and loss account.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Capel Groundworks Limited (Registered number: 08486540)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 150,000
NET BOOK VALUE
At 30 April 2024 150,000
At 30 April 2023 150,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 659,748
Additions 216,639
Disposals (95,313 )
At 30 April 2024 781,074
DEPRECIATION
At 1 May 2023 331,687
Charge for year 82,266
Eliminated on disposal (36,641 )
At 30 April 2024 377,312
NET BOOK VALUE
At 30 April 2024 403,762
At 30 April 2023 328,061

Capel Groundworks Limited (Registered number: 08486540)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 204,000
Additions 39,000
At 30 April 2024 243,000
DEPRECIATION
At 1 May 2023 128,711
Charge for year 18,082
At 30 April 2024 146,793
NET BOOK VALUE
At 30 April 2024 96,207
At 30 April 2023 75,289

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 16,503 62,777
Other debtors 641,417 127,607
657,920 190,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 35,359 40,359
Hire purchase contracts 24,273 17,673
Trade creditors 31,773 32,274
Taxation and social security 133,400 135,305
Other creditors 4,580 8,963
229,385 234,574

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 19,920 23,532

9. RELATED PARTY DISCLOSURES

The company is controlled and beneficially owned by the directors