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
FGP Paving And Groundworks Ltd
Company Information
for the year ended 28 February 2023
Company Number
11852253 (England and Wales)
Registered Office
6 Weyhill Close
Portchester
Fareham
Hampshire
PO16 8EL
FGP Paving And Groundworks Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
587,195
366,346
Cash at bank and in hand
82,474
41,275
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
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
FGP Paving And Groundworks Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
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.
The accounts are presented in £ sterling.
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 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.
FGP Paving And Groundworks Ltd
Notes to the Accounts
for the year ended 28 February 2023
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
At 28 February 2023
757,179
Charge for the year
113,218
At 28 February 2023
169,984
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).