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REGISTERED NUMBER: 02282263 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GRUNDY & CO EXCAVATIONS LTD

GRUNDY & CO EXCAVATIONS LTD (REGISTERED NUMBER: 02282263)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GRUNDY & CO EXCAVATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr K Grundy
Mrs J Grundy
Mr S Grundy
Mrs K Fenlon





SECRETARY: Mrs J Grundy





REGISTERED OFFICE: The Liver Yard
Ditton Road
Widnes
Cheshire
WA8 0TH





REGISTERED NUMBER: 02282263 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

GRUNDY & CO EXCAVATIONS LTD (REGISTERED NUMBER: 02282263)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,465,008 2,961,429
Investments 5 101 101
2,465,109 2,961,530

CURRENT ASSETS
Stocks 24,061 23,504
Debtors 1,256,319 1,121,367
Investments 1,031,805 946,400
Cash at bank and in hand 2,343,652 2,066,871
4,655,837 4,158,142
CREDITORS
Amounts falling due within one year (674,336 ) (727,082 )
NET CURRENT ASSETS 3,981,501 3,431,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,446,610

6,392,590

CREDITORS
Amounts falling due after more than one year - (60,617 )

PROVISIONS FOR LIABILITIES (418,589 ) (253,492 )
NET ASSETS 6,028,021 6,078,481

CAPITAL AND RESERVES
Called up share capital 7 1,100 1,100
Retained earnings 6,026,921 6,077,381
SHAREHOLDERS' FUNDS 6,028,021 6,078,481

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

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

GRUNDY & CO EXCAVATIONS LTD (REGISTERED NUMBER: 02282263)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 January 2025 and were signed on its behalf by:





Mr K Grundy - Director


GRUNDY & CO EXCAVATIONS LTD (REGISTERED NUMBER: 02282263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Grundy & Co Excavations Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on cost
Plant and machinery - 25% on reducing balance, 15% on reducing balance and Straight line over 10 years
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments
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 40 (2023 - 40 ) .

GRUNDY & CO EXCAVATIONS LTD (REGISTERED NUMBER: 02282263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 8,675,624
Additions 267,462
Disposals (108,245 )
At 30 September 2024 8,834,841
DEPRECIATION
At 1 October 2023 5,714,195
Charge for year 742,951
Eliminated on disposal (87,313 )
At 30 September 2024 6,369,833
NET BOOK VALUE
At 30 September 2024 2,465,008
At 30 September 2023 2,961,429

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2023
and 30 September 2024 101
NET BOOK VALUE
At 30 September 2024 101
At 30 September 2023 101

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase 60,617 328,817

The hire purchase contracts are secured against the assets to which they relate.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Redeemable £1 100 100
1,100 1,100

GRUNDY & CO EXCAVATIONS LTD (REGISTERED NUMBER: 02282263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr K Grundy
Balance outstanding at start of year 70,223 50,194
Amounts advanced - 20,029
Amounts repaid (70,223 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 70,223

Mr S Grundy
Balance outstanding at start of year 22,744 22,067
Amounts advanced - 677
Amounts repaid (10,073 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,671 22,744

Mrs K Fenlon
Balance outstanding at start of year 2,174 940
Amounts advanced - 1,234
Amounts repaid (2,174 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,174

9. RELATED PARTY DISCLOSURES

The company occupies premises owned by Grundy & Co Excavations Limited Retirement Benefits Scheme. A normal commercial rent of £52,500 (2023 - £52,500) is payable. The directors are members of the scheme.

During the year the company provided services amounting to £61,081 (2023 - £85,707), and purchased skip hire hire amounting to £17,755 (2023 - £36,720) from GSH Waste Recycling Limited, a company controlled by the directors, Mr K Grundy and Mr S Grundy. Normal commercial terms applied. At 30 September 2024, £4,102 (2023 - £135,781) was due from GSH Waste Recycling Limited.

At 30 September 2024, £74,173 (2023 - £74,173) was due from KJG Investments Limited, a company controlled by the director, Mr K Grundy.