2023-12-01 07425558 2024-11-30 07425558 2023-12-01 2024-11-30 07425558 2023-11-30 07425558 2022-12-01 2023-11-30 07425558 uk-core:WithinOneYear 2023-11-30 07425558 uk-core:WithinOneYear 2024-11-30 07425558 uk-core:ShareCapital 2024-11-30 07425558 uk-core:ShareCapital 2023-11-30 07425558 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 07425558 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 07425558 uk-bus:Director1 2023-12-01 2024-11-30 07425558 uk-bus:Director2 2023-12-01 2024-11-30 07425558 uk-core:PlantMachinery 2023-12-01 2024-11-30 07425558 uk-core:CommercialMotorVehicles 2023-12-01 2024-11-30 07425558 uk-core:CommercialMotorVehicles 2023-11-30 07425558 uk-core:PlantMachinery 2023-11-30 07425558 uk-core:PlantMachinery 2024-11-30 07425558 uk-core:CommercialMotorVehicles 2024-11-30 iso4217:GBP xbrli:pure 07425558 uk-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 07425558 uk-bus:FRS102 2023-12-01 2024-11-30 07425558 uk-bus:FilletedAccounts 2023-12-01 2024-11-30 07425558 uk-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30
M T Groundworks Limited
Registered Number:07425558
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2024
M T Groundworks Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07425558
As at 30 November 2024
M T Groundworks Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
22,410
15,565
2
22,410
15,565
Current assets
Inventories
3,150
-
3
Trade and other receivables
13,598
11,472
4
122,713
Cash and cash equivalents
142,981
154,453
139,461
Trade and other payables: amounts falling due within
one year
(30,988)
(29,076)
5
108,473
125,377
Net current assets
Total assets less current liabilities
147,787
124,038
(3,323)
(1,817)
Provisions for liabilities
144,464
Net assets
122,221
Capital and reserves
Called up share capital
100
100
Retained earnings
144,364
122,121
144,464
122,221
Shareholders' funds
For the year ended 30 November 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 year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07425558
For the year ended 30 November 2024
M T Groundworks Limited
Statement of Financial Position Continued
Mr Michael John Outen Director
Mrs Clare Denise Outen Director
These financial statements were approved and authorised for issue by the Board on 03 February 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 November 2024
M T Groundworks Limited
Notes to the Financial Statements
Statutory Information
M T Groundworks Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 07425558.
Registered address:
Rusborn
Oxborough Road
Stoke Ferry
Norfolk
PE33 9TA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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6
For the year ended 30 November 2024
M T Groundworks Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 December 2023
43,528
41,528
2,000
20,990
20,990
-
Additions
(23,195)
-
Disposals
(23,195)
At 30 November 2024
2,000
39,323
41,323
Provision for depreciation and impairment
At 01 December 2023
27,963
26,553
1,410
Charge for year
2,730
2,640
90
(11,780)
(11,780)
-
On disposal
At 30 November 2024
18,913
17,413
1,500
At 30 November 2024
Net book value
500
21,910
22,410
At 30 November 2023
590
14,975
15,565
3. Inventories
2023
2024
£
£
Stocks
-
3,150
4. Trade and other receivables
2023
2024
£
£
Trade debtors
156
3,079
Other debtors
11,316
10,519
13,598
11,472
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7
For the year ended 30 November 2024
M T Groundworks Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
9,687
8,962
Other creditors
19,389
22,026
29,076
30,988
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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