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REGISTERED NUMBER: 12179057 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Mundy Groundwork Ltd

Mundy Groundwork Ltd (Registered number: 12179057)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mundy Groundwork Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G J Mundy
Mrs S L Mundy





REGISTERED OFFICE: Ashview
Kite Hill
Wanborough
Swindon
Wiltshire
SN4 0AW





REGISTERED NUMBER: 12179057 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Mundy Groundwork Ltd (Registered number: 12179057)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183,032 173,655

CURRENT ASSETS
Debtors 5 726,349 524,620
Cash at bank 395,487 345,215
1,121,836 869,835
CREDITORS
Amounts falling due within one year 6 527,551 395,964
NET CURRENT ASSETS 594,285 473,871
TOTAL ASSETS LESS CURRENT LIABILITIES 777,317 647,526

CREDITORS
Amounts falling due after more than one
year

7

(58,108

)

(57,126

)

PROVISIONS FOR LIABILITIES (45,758 ) (37,371 )
NET ASSETS 673,451 553,029

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 673,351 552,929
673,451 553,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Mundy Groundwork Ltd (Registered number: 12179057)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





G J Mundy - Director


Mundy Groundwork Ltd (Registered number: 12179057)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Mundy Groundwork 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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
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.

Mundy Groundwork Ltd (Registered number: 12179057)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Amounts recoverable on contract
Contract valuations have been treated in the financial statements in accordance with FRS 102, section 23 for revenue. Treating contract valuations as long term contracts means that they are included in turnover in the period the work is undertaken and that the attributable profit element is recognised as the contract proceeds. The valuation is based on sales value of the work undertaken to the balance sheet date. Foreseeable losses on contracts are accounted for as soon as they are recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 2 ) .

Mundy Groundwork Ltd (Registered number: 12179057)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 695 235,844 2,909 239,448
Additions 50,000 10,950 863 61,813
Disposals - (9,150 ) - (9,150 )
At 31 August 2024 50,695 237,644 3,772 292,111
DEPRECIATION
At 1 September 2023 76 64,174 1,543 65,793
Charge for year 9,952 35,207 689 45,848
Eliminated on disposal - (2,562 ) - (2,562 )
At 31 August 2024 10,028 96,819 2,232 109,079
NET BOOK VALUE
At 31 August 2024 40,667 140,825 1,540 183,032
At 31 August 2023 619 171,670 1,366 173,655

Mundy Groundwork Ltd (Registered number: 12179057)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 - 207,944 207,944
Additions 50,000 - 50,000
Disposals - (9,150 ) (9,150 )
Transfer to ownership - (14,000 ) (14,000 )
At 31 August 2024 50,000 184,794 234,794
DEPRECIATION
At 1 September 2023 - 62,314 62,314
Charge for year 9,722 27,809 37,531
Eliminated on disposal - (2,562 ) (2,562 )
Transfer to ownership - (6,832 ) (6,832 )
At 31 August 2024 9,722 80,729 90,451
NET BOOK VALUE
At 31 August 2024 40,278 104,065 144,343
At 31 August 2023 - 145,630 145,630

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 185,869 81,189
Other debtors 540,480 443,431
726,349 524,620

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 37,063 44,149
Trade creditors 157,296 68,124
Taxation and social security 114,451 183,264
Other creditors 218,741 100,427
527,551 395,964

Mundy Groundwork Ltd (Registered number: 12179057)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 58,108 57,126

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the Directors owed £179,414 (2023: £78,551) to the company by way of a Directors' loan. Interest has been charged on overdrawn balances at the HMRC approved rates during the year.