Company registration number 15002604 (England and Wales)
WS GROUNDWORKS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
WS GROUNDWORKS LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
WS GROUNDWORKS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
35,754
Current assets
Debtors
12,060
Cash at bank and in hand
10,426
22,486
Creditors: amounts falling due within one year
(38,874)
Net current liabilities
(16,388)
Total assets less current liabilities
19,366
Creditors: amounts falling due after more than one year
(7,832)
Net assets
11,534
Capital and reserves
Called up share capital
4
2
Profit and loss reserves
11,532
Total equity
11,534
WS GROUNDWORKS LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -

For the financial period ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 January 2025 and are signed on its behalf by:
D Casale
D Wainhouse
Director
Director
Company registration number 15002604 (England and Wales)
WS Groundworks Ltd
WS GROUNDWORKS LTD
Notes to the financial statements
for the period ended 31 July 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

 

Turnover is recognised upon the provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance basis
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Leases

Assets obtained under hire purchase contracts are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account on a straight line basis over the period of the agreement.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
2
WS Groundworks Ltd
WS GROUNDWORKS LTD
Notes to the financial statements (CONTINUED)
for the period ended 31 July 2024
- 4 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 13 July 2023
-
0
Additions
38,173
At 31 July 2024
38,173
Depreciation and impairment
At 13 July 2023
-
0
Depreciation charged in the period
2,419
At 31 July 2024
2,419
Carrying amount
At 31 July 2024
35,754
4
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
1
1
A Ordinary shares of £1 each
1
1
2
2
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