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REGISTERED NUMBER: 12664611 (England and Wales)















SPS Groundworks Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






SPS Groundworks Limited (Registered number: 12664611)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SPS Groundworks Limited

Company Information
for the Year Ended 30 June 2024







Directors: Steven Paul Southern
Sarah Ashley Taylor





Registered office: Bugle Horn Farm
Hindley Road
Westhoughton
Bolton
BL5 2DS





Registered number: 12664611 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

SPS Groundworks Limited (Registered number: 12664611)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 40,000 40,000
Tangible assets 5 313,914 224,349
353,914 264,349

Current assets
Debtors 6 50,893 40,400
Cash at bank 43,245 187,850
94,138 228,250
Creditors
Amounts falling due within one year 7 60,273 185,373
Net current assets 33,865 42,877
Total assets less current liabilities 387,779 307,226

Creditors
Amounts falling due after more than
one year

8

(257,106

)

(193,514

)

Provisions for liabilities 9 (57,611 ) (51,791 )
Net assets 73,062 61,921

SPS Groundworks Limited (Registered number: 12664611)

Statement of Financial Position - continued
30 June 2024

2024 2023
Notes £    £    £    £   
Capital and reserves
Called up share capital 10 100 100
Retained earnings 72,962 61,821
Shareholders' funds 73,062 61,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 14 March 2025 and were signed on its behalf by:





Steven Paul Southern - Director


SPS Groundworks Limited (Registered number: 12664611)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

SPS 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.

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 consideration received or receivable for site preparation services provided during the year, net of Value Added Tax.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £4,000 and the profit for the year reduced accordingly.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


SPS Groundworks Limited (Registered number: 12664611)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 July 2023
and 30 June 2024 40,000
Net book value
At 30 June 2024 40,000
At 30 June 2023 40,000

SPS Groundworks Limited (Registered number: 12664611)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 July 2023 354,449
Additions 163,500
Disposals (46,933 )
At 30 June 2024 471,016
Depreciation
At 1 July 2023 130,100
Charge for year 54,486
Eliminated on disposal (27,484 )
At 30 June 2024 157,102
Net book value
At 30 June 2024 313,914
At 30 June 2023 224,349

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 21,457 19,371
Other debtors 29,436 21,029
50,893 40,400

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 11,625 -
Trade creditors 2,098 1,149
Taxation and social security 170 6,408
Other creditors 46,380 177,816
60,273 185,373

SPS Groundworks Limited (Registered number: 12664611)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 23,250 -
Other creditors 233,856 193,514
257,106 193,514

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 57,611 51,791

Deferred
tax
£   
Balance at 1 July 2023 51,791
Charge to Statement of Income and Retained Earnings during year 5,820
Balance at 30 June 2024 57,611

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares 1 100 100