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Company Registration No. 11852253 (England and Wales)
FGP Paving And Groundworks Ltd Unaudited accounts for the year ended 28 February 2023
FGP Paving And Groundworks Ltd Unaudited accounts Contents
Page
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FGP Paving And Groundworks Ltd Company Information for the year ended 28 February 2023
Director
Stephen Marsh
Company Number
11852253 (England and Wales)
Registered Office
6 Weyhill Close Portchester Fareham Hampshire PO16 8EL
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FGP Paving And Groundworks Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
587,195 
366,346 
Current assets
Debtors
121,587 
77,736 
Cash at bank and in hand
82,474 
41,275 
204,061 
119,011 
Creditors: amounts falling due within one year
(244,412)
(104,445)
Net current (liabilities)/assets
(40,351)
14,566 
Total assets less current liabilities
546,844 
380,912 
Creditors: amounts falling due after more than one year
(65,091)
(85,456)
Provisions for liabilities
Deferred tax
(144,164)
(64,738)
Net assets
337,589 
230,718 
Capital and reserves
Called up share capital
12 
12 
Profit and loss account
337,577 
230,706 
Shareholders' funds
337,589 
230,718 
For the year ending 28 February 2023 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.
The members have agreed to the preparation of abridged accounts for the year 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 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 5 March 2025 and were signed on its behalf by
Stephen Marsh Director Company Registration No. 11852253
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FGP Paving And Groundworks Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
FGP Paving And Groundworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 11852253. The registered office is 6 Weyhill Close, Portchester, Fareham, Hampshire, PO16 8EL.
2
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
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.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Plant & machinery
20% Straight Line
Motor vehicles
20% Reducing Balance
Computer equipment
25% Straight Line
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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.
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FGP Paving And Groundworks Ltd Notes to the Accounts for the year ended 28 February 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
3
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2022
425,095 
Additions
349,084 
Disposals
(17,000)
At 28 February 2023
757,179 
Depreciation
At 1 March 2022
58,749 
Charge for the year
113,218 
On disposals
(1,983)
At 28 February 2023
169,984 
Net book value
At 28 February 2023
587,195 
At 28 February 2022
366,346 
4
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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