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REGISTERED NUMBER: 04651805 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Richard Carter Groundworks Limited

Richard Carter Groundworks Limited (Registered number: 04651805)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richard Carter Groundworks Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R P Carter
Mrs S A Carter





REGISTERED OFFICE: Thatcher House
12 Mount Ephraim Road
Tunbridge Wells
Kent
TN4 8AS





REGISTERED NUMBER: 04651805 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Richard Carter Groundworks Limited (Registered number: 04651805)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,907 9,210

CURRENT ASSETS
Debtors 5 4,302 9,244
Cash at bank 10,289 4,616
14,591 13,860
CREDITORS
Amounts falling due within one year 6 (19,843 ) (22,570 )
NET CURRENT LIABILITIES (5,252 ) (8,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,655

500

PROVISIONS FOR LIABILITIES (1,142 ) -
NET ASSETS 513 500

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 413 400
SHAREHOLDERS' FUNDS 513 500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Richard Carter Groundworks Limited (Registered number: 04651805)

Balance Sheet - continued
31 May 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 30 January 2025 and were signed on its behalf by:





R P Carter - Director


Richard Carter Groundworks Limited (Registered number: 04651805)

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

1. STATUTORY INFORMATION

Richard Carter 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.

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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

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 2 (2023 - 2 ) .

Richard Carter Groundworks Limited (Registered number: 04651805)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 42,064 3,798 65,782 4,174 115,818
DEPRECIATION
At 1 June 2023 37,579 3,143 62,122 3,764 106,608
Charge for year 1,122 163 915 103 2,303
At 31 May 2024 38,701 3,306 63,037 3,867 108,911
NET BOOK VALUE
At 31 May 2024 3,363 492 2,745 307 6,907
At 31 May 2023 4,485 655 3,660 410 9,210

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 390 1,422
Tax 2,308 4,760
Deferred tax asset - 746
Prepayments 1,604 2,316
4,302 9,244

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 299
VAT - 1,020
Directors' loan accounts 19,843 21,251
19,843 22,570

The directors consider the carrying amounts of current liabilities approximate to their fair values.

Richard Carter Groundworks Limited (Registered number: 04651805)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. RESERVES
Retained
earnings
£   

At 1 June 2023 400
Profit for the year 13
At 31 May 2024 413

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8. RELATED PARTY DISCLOSURES

During the year the following dividends were paid to the directors of the company :

Mr. R Carter : Nil in respect of ordinary shares (2023 - £3,250)
Mrs. S Carter : Nil in respect of ordinary shares (2023 - £3,250)

9. GOING CONCERN

The accounts have been prepared under a going concern basis, which assumes that the directors will continue to support the company by way of their loan accounts.