IRIS Accounts Production v24.3.2.46 12087132 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120871322023-03-31120871322024-03-31120871322023-04-012024-03-31120871322022-03-31120871322022-04-012023-03-31120871322023-03-3112087132ns15:EnglandWales2023-04-012024-03-3112087132ns14:PoundSterling2023-04-012024-03-3112087132ns10:Director12023-04-012024-03-3112087132ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112087132ns10:SmallEntities2023-04-012024-03-3112087132ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3112087132ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112087132ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112087132ns10:FullAccounts2023-04-012024-03-3112087132ns10:OrdinaryShareClass12023-04-012024-03-3112087132ns10:Director22023-04-012024-03-3112087132ns10:Director32023-04-012024-03-3112087132ns10:RegisteredOffice2023-04-012024-03-3112087132ns5:CurrentFinancialInstruments2024-03-3112087132ns5:CurrentFinancialInstruments2023-03-3112087132ns5:Non-currentFinancialInstruments2024-03-3112087132ns5:Non-currentFinancialInstruments2023-03-3112087132ns5:ShareCapital2024-03-3112087132ns5:ShareCapital2023-03-3112087132ns5:RetainedEarningsAccumulatedLosses2024-03-3112087132ns5:RetainedEarningsAccumulatedLosses2023-03-3112087132ns5:PlantMachinery2023-04-012024-03-3112087132ns5:MotorVehicles2023-04-012024-03-3112087132ns5:ComputerEquipment2023-04-012024-03-3112087132ns5:PlantMachinery2023-03-3112087132ns5:MotorVehicles2023-03-3112087132ns5:ComputerEquipment2023-03-3112087132ns5:PlantMachinery2024-03-3112087132ns5:MotorVehicles2024-03-3112087132ns5:ComputerEquipment2024-03-3112087132ns5:PlantMachinery2023-03-3112087132ns5:MotorVehicles2023-03-3112087132ns5:ComputerEquipment2023-03-3112087132ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3112087132ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3112087132ns5:LeasedAssetsHeldAsLessee2023-03-3112087132ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3112087132ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3112087132ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3112087132ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3112087132ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3112087132ns5:LeasedAssetsHeldAsLessee2024-03-3112087132ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3112087132ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3112087132ns5:LeasedAssetsHeldAsLessee2023-03-3112087132ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3112087132ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3112087132ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3112087132ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3112087132ns5:Non-currentFinancialInstruments2023-04-012024-03-3112087132ns5:DeferredTaxation2023-03-3112087132ns5:DeferredTaxation2024-03-3112087132ns10:OrdinaryShareClass12024-03-3112087132ns5:RetainedEarningsAccumulatedLosses2023-03-3112087132ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 12087132 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

BKS Groundworks Limited

BKS Groundworks Limited (Registered number: 12087132)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BKS Groundworks Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs I M Wainwright
A J Langstaff
R A Vaughan





REGISTERED OFFICE: 3 Park Square East
Leeds
LS1 2NE





REGISTERED NUMBER: 12087132 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

BKS Groundworks Limited (Registered number: 12087132)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 967,140 1,111,374

CURRENT ASSETS
Debtors 5 1,608,029 1,736,538
Cash at bank and in hand 658,353 351,628
2,266,382 2,088,166
CREDITORS
Amounts falling due within one year 6 1,424,943 1,229,002
NET CURRENT ASSETS 841,439 859,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,808,579

1,970,538

CREDITORS
Amounts falling due after more than one
year

7

(397,686

)

(629,121

)

PROVISIONS FOR LIABILITIES 9 (227,854 ) (219,757 )
NET ASSETS 1,183,039 1,121,660

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 1,182,939 1,121,560
SHAREHOLDERS' FUNDS 1,183,039 1,121,660

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

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

BKS Groundworks Limited (Registered number: 12087132)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





Mrs I M Wainwright - Director


BKS Groundworks Limited (Registered number: 12087132)

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

1. STATUTORY INFORMATION

BKS Groundworks Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

BKS Groundworks Limited (Registered number: 12087132)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 912,692 485,552 3,356 1,401,600
Additions 150,302 97,884 3,313 251,499
Disposals (61,550 ) (70,240 ) - (131,790 )
At 31 March 2024 1,001,444 513,196 6,669 1,521,309
DEPRECIATION
At 1 April 2023 208,132 81,276 818 290,226
Charge for year 187,082 130,197 1,312 318,591
Eliminated on disposal (31,915 ) (22,733 ) - (54,648 )
At 31 March 2024 363,299 188,740 2,130 554,169
NET BOOK VALUE
At 31 March 2024 638,145 324,456 4,539 967,140
At 31 March 2023 704,560 404,276 2,538 1,111,374

BKS Groundworks Limited (Registered number: 12087132)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 April 2023 785,869 368,874 1,154,743
Additions - 64,995 64,995
Disposals (47,300 ) - (47,300 )
At 31 March 2024 738,569 433,869 1,172,438
DEPRECIATION
At 1 April 2023 181,127 58,313 239,440
Charge for year 155,340 103,051 258,391
Eliminated on disposal (25,502 ) - (25,502 )
At 31 March 2024 310,965 161,364 472,329
NET BOOK VALUE
At 31 March 2024 427,604 272,505 700,109
At 31 March 2023 604,742 310,561 915,303

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings - 35,000
Amounts recoverable on
contracts 1,420,038 1,387,819
Sundry debtors and prepayments 116,171 18,181
VAT 71,820 259,097
Corporation tax - 36,441
1,608,029 1,736,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Loan creditor 10,000 10,000
Hire purchase contracts 251,914 237,290
Trade creditors 602,767 708,736
Amounts owed to group undertakings 68,467 -
Tax 74,555 -
Social security and other taxes 33,425 49,906
Amounts due to related undertakings 37,309 11,833
Directors' current accounts - 20,000
Sundry creditors and accruals 346,506 191,237
1,424,943 1,229,002

BKS Groundworks Limited (Registered number: 12087132)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Loan creditor 11,667 21,667
Hire purchase contracts 386,019 607,454
397,686 629,121

The loan creditor represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. It carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 637,933 844,744

The hire purchase contracts are secured against the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 227,854 219,757

Deferred
tax
£   
Balance at 1 April 2023 219,757
Charge to the income statement 8,097
during the year
Balance at 31 March 2024 227,854

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

BKS Groundworks Limited (Registered number: 12087132)

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

11. RESERVES
Retained
earnings
£   

At 1 April 2023 1,121,560
Profit for the year 271,379
Dividends (210,000 )
At 31 March 2024 1,182,939

12. RELATED PARTY DISCLOSURES

The company has directors in common with B&K Systems Limited.

During the year B&K Systems Limited recharged expenses to the company totalling £207,496 (2023: £117,331).

At the year end, the company owed B&K Systems Limited £30,713 (2023: £11,833).

At the year end, the company owed BKS Roofing Limited £6,596.

At the year end, the company owed BKS Groundworks Holdings Limited £68,467. At 31st March 2023 BKS Groundworks Holdings Limited owed the company £35,000.

BKS Groundworks Holdings Limited is the parent undertaking.

13. ULTIMATE CONTROLLING PARTY

The company is under the control of its parent company BKS Groundworks Holdings Limited.