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Registration number: 03783286

D J Groundworkers Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

D J Groundworkers Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

D J Groundworkers Limited

Company Information

Directors

FJ Sturmey

Mrs J Sturmey

Registered office

4 South Terrace
South Street
Dorchester
Dorset
DT1 1DE

 

D J Groundworkers Limited

Directors' Report for the Year Ended 31 May 2024

The directors present their report and the financial statements for the year ended 31 May 2024.

Directors of the company

The directors who held office during the year were as follows:

FJ Sturmey

Mrs J Sturmey

Principal activity

The principal activity of the company is groundwork and building contractors

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 6 January 1925 and signed on its behalf by:

.........................................
FJ Sturmey
Director

 

D J Groundworkers Limited

(Registration number: 03783286)
Balance Sheet as at 31 May 2024

Note

2024

2023

Fixed assets

 

Tangible assets

4

72,871

50,230

Investment property

5

150,000

150,000

 

222,871

200,230

Current assets

 

Debtors

6

15,069

25,420

Cash at bank and in hand

 

43,214

17,205

 

58,283

42,625

Creditors: Amounts falling due within one year

7

(57,610)

(28,696)

Net current assets

 

673

13,929

Total assets less current liabilities

 

223,544

214,159

Provisions for liabilities

(22,565)

(18,242)

Net assets

 

200,979

195,917

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

200,977

195,915

Shareholders' funds

 

200,979

195,917

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

D J Groundworkers Limited

(Registration number: 03783286)
Balance Sheet as at 31 May 2024

Approved and authorised for issue by the Board on 6 January 1925 and signed on its behalf by:
 

.........................................

FJ Sturmey
Director

 

D J Groundworkers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4 South Terrace
South Street
Dorchester
Dorset
DT1 1DE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

D J Groundworkers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

- 25% on reducing balance

Motor vehicles

- 25% on reducing balance

computer equipment

- 3 years straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

D J Groundworkers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Plant and equipment
 

Motor vehicles
 

Total

Cost or valuation

At 1 June 2023

97,756

1,000

98,756

Additions

93,633

3,495

97,128

Disposals

(86,700)

(1,000)

(87,700)

At 31 May 2024

104,689

3,495

108,184

Depreciation

At 1 June 2023

48,276

250

48,526

Charge for the year

24,094

874

24,968

Eliminated on disposal

(37,931)

(250)

(38,181)

At 31 May 2024

34,439

874

35,313

Carrying amount

At 31 May 2024

70,250

2,621

72,871

At 31 May 2023

49,480

750

50,230

5

Investment properties

2024

At 1 June

150,000

At 31 May

150,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024

2023

Trade debtors

-

693

Prepayments

2,308

510

Other debtors

12,761

24,217

 

15,069

25,420

 

D J Groundworkers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024

2023

Due within one year

 

Loans and borrowings

43,608

7,739

Taxation and social security

 

5,253

12,542

Accruals and deferred income

 

8,590

8,415

Other creditors

 

159

-

 

57,610

28,696

Creditors: amounts falling due after more than one year

2024

2023

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

9

Related party transactions

F J Sturmey, director is also a director of Builders D J Limited, the parent company, and owns 100% of the issued ordinary share capital of that company.

Transactions with directors

2024

At 1 June 2023

Repayments by director

At 31 May 2024

FJ Sturmey

5,405

(5,564)

(159)

2023

At 1 June 2022

Advances to director

At 31 May 2023

FJ Sturmey

(39,328)

44,733

5,405