PRESCOTT GROUNDWORK & CIVIL'S LIMITED

Company Registration Number:
08120460 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

PRESCOTT GROUNDWORK & CIVIL'S LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PRESCOTT GROUNDWORK & CIVIL'S LIMITED

Company Information

for the Period Ended 30 June 2024




Registered office: Limbrick Barn
Long Lane
Heath Charnock
Chorley
Lancashire
PR6 9EE
Company Registration Number: 08120460 (England and Wales)

PRESCOTT GROUNDWORK & CIVIL'S LIMITED

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 42,640 45,920
Tangible assets: 5 190,218 197,017
Total fixed assets: 232,858 242,937
Current assets
Debtors: 216,701 209,806
Cash at bank and in hand: 2,065,334 1,548,168
Total current assets: 2,282,035 1,757,974
Creditors: amounts falling due within one year: ( 180,879 ) ( 134,738 )
Net current assets (liabilities): 2,101,156 1,623,236
Total assets less current liabilities: 2,334,014 1,866,173
Provision for liabilities: ( 47,554 ) ( 49,254 )
Total net assets (liabilities): 2,286,460 1,816,919

The notes form part of these financial statements

PRESCOTT GROUNDWORK & CIVIL'S LIMITED

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 2,286,458 1,816,917
Shareholders funds: 2,286,460 1,816,919

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 February 2025
And Signed On Behalf Of The Board By:

Name: P N Prescott
Status: Director

The notes form part of these financial statements

PRESCOTT GROUNDWORK & CIVIL'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents the value of work done in the period, exclusive of Value Added Tax. Sales are recognised at the point at which the company had fulfilled its contractual obligations to a customer.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Cost represents the purchase price together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of the asset, net of anticipated proceeds, over the useful economic life of the asset as follows; Plant, machinery and equipment - 25% reducing balance.

    Other accounting policies

    Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to receive a repayment of tax.

PRESCOTT GROUNDWORK & CIVIL'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 3

PRESCOTT GROUNDWORK & CIVIL'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

PRESCOTT GROUNDWORK & CIVIL'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 July 2023 82,000
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 30 June 2024 82,000
    Amortisation
    Amortisation at 01 July 2023 36,080
    Charge for year 3,280
    On disposals -
    Other adjustments -
    Amortisation at 30 June 2024 39,360
    Net book value
    Net book value at 30 June 2024 42,640
    Net book value at 30 June 2023 45,920

PRESCOTT GROUNDWORK & CIVIL'S LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Tangible Assets

Total
Cost £
At 01 July 2023 547,734
Additions 67,776
Disposals (43,547)
Revaluations -
Transfers -
At 30 June 2024 571,963
Depreciation
At 01 July 2023 350,717
Charge for year 63,406
On disposals (32,378)
Other adjustments -
At 30 June 2024 381,745
Net book value
At 30 June 2024 190,218
At 30 June 2023 197,017