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Company Registration No. 9038610 (England and Wales)
Great Groundworks Limited Unaudited accounts for the year ended 31 May 2024
Great Groundworks Limited Unaudited accounts Contents
Page
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Great Groundworks Limited Company Information for the year ended 31 May 2024
Director
Patrick Enright
Company Number
9038610 (England and Wales)
Registered Office
Fernley Broadgate Road Sutton St. James Spalding Lincolnshire PE12 0HD England
Accountants
GIA Foley & Co West Clayton Business Centre Berry Lane Chorleywood Hertfordshire WD3 5EX
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Great Groundworks Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,139 
1,519 
Current assets
Debtors
298 
3,718 
Cash at bank and in hand
1,032 
3,803 
1,330 
7,521 
Creditors: amounts falling due within one year
(2,105)
(3,760)
Net current (liabilities)/assets
(775)
3,761 
Total assets less current liabilities
364 
5,280 
Creditors: amounts falling due after more than one year
(5,523)
(5,038)
Provisions for liabilities
Deferred tax
(290)
(290)
Net liabilities
(5,449)
(48)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(5,450)
(49)
Shareholders' funds
(5,449)
(48)
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2025 and were signed on its behalf by
Patrick Enright Director Company Registration No. 9038610
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Great Groundworks Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Great Groundworks Limited is a private company, limited by shares, registered in England and Wales, registration number 9038610. The registered office is Fernley, Broadgate Road, Sutton St. James, Spalding, Lincolnshire, PE12 0HD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Going concern
The company's balance sheet shows an insolvent position at the balance sheet date. The director has arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly considers that the company is a going concern and the financial statements have been prepared on this basis.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
6,400 
At 31 May 2024
6,400 
Depreciation
At 1 June 2023
4,881 
Charge for the year
380 
At 31 May 2024
5,261 
Net book value
At 31 May 2024
1,139 
At 31 May 2023
1,519 
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Great Groundworks Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,125 
Other debtors
298 
1,593 
298 
3,718 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,105 
2,760 
Accruals
1,000 
1,000 
2,105 
3,760 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,523 
5,038 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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