Silverfin false false 30/06/2024 01/07/2023 30/06/2024 G Mooney 02/06/2017 C Mooney 04/04/2024 J Mooney 04/04/2024 26 March 2025 The principal activity of the company continued to be that of specialised construction. 10800701 2024-06-30 10800701 bus:Director1 2024-06-30 10800701 bus:Director2 2024-06-30 10800701 bus:Director3 2024-06-30 10800701 2023-06-30 10800701 core:CurrentFinancialInstruments 2024-06-30 10800701 core:CurrentFinancialInstruments 2023-06-30 10800701 core:ShareCapital 2024-06-30 10800701 core:ShareCapital 2023-06-30 10800701 core:RetainedEarningsAccumulatedLosses 2024-06-30 10800701 core:RetainedEarningsAccumulatedLosses 2023-06-30 10800701 core:LandBuildings 2023-06-30 10800701 core:PlantMachinery 2023-06-30 10800701 core:Vehicles 2023-06-30 10800701 core:LandBuildings 2024-06-30 10800701 core:PlantMachinery 2024-06-30 10800701 core:Vehicles 2024-06-30 10800701 bus:OrdinaryShareClass1 2024-06-30 10800701 bus:OrdinaryShareClass2 2024-06-30 10800701 2023-07-01 2024-06-30 10800701 bus:FilletedAccounts 2023-07-01 2024-06-30 10800701 bus:SmallEntities 2023-07-01 2024-06-30 10800701 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10800701 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10800701 bus:Director1 2023-07-01 2024-06-30 10800701 bus:Director2 2023-07-01 2024-06-30 10800701 bus:Director3 2023-07-01 2024-06-30 10800701 core:LandBuildings 2023-07-01 2024-06-30 10800701 core:PlantMachinery 2023-07-01 2024-06-30 10800701 core:Vehicles 2023-07-01 2024-06-30 10800701 2022-07-01 2023-06-30 10800701 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10800701 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 10800701 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 10800701 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10800701 (England and Wales)

G MOONEY GROUNDWORK LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

G MOONEY GROUNDWORK LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

G MOONEY GROUNDWORK LIMITED

BALANCE SHEET

As at 30 June 2024
G MOONEY GROUNDWORK LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 76,454 76,056
76,454 76,056
Current assets
Debtors 4 164,417 192,400
Cash at bank and in hand 284,781 155,478
449,198 347,878
Creditors: amounts falling due within one year 5 ( 268,452) ( 250,474)
Net current assets 180,746 97,404
Total assets less current liabilities 257,200 173,460
Provision for liabilities ( 17,944) ( 19,014)
Net assets 239,256 154,446
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 239,156 154,346
Total shareholders' funds 239,256 154,446

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of G Mooney Groundwork Limited (registered number: 10800701) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

G Mooney
Director

26 March 2025

G MOONEY GROUNDWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
G MOONEY GROUNDWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

G Mooney Groundwork Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wadebridge House, 16 Wadebridge Square, Poundbury, Dorchester, Dorset, DT1 3AQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 5 % reducing balance
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 3

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 July 2023 0 13,041 159,879 172,920
Additions 4,679 716 16,500 21,895
Disposals 0 ( 236) 0 ( 236)
At 30 June 2024 4,679 13,521 176,379 194,579
Accumulated depreciation
At 01 July 2023 0 7,827 89,037 96,864
Charge for the financial year 0 1,338 20,117 21,455
Disposals 0 ( 194) 0 ( 194)
At 30 June 2024 0 8,971 109,154 118,125
Net book value
At 30 June 2024 4,679 4,550 67,225 76,454
At 30 June 2023 0 5,214 70,842 76,056

4. Debtors

2024 2023
£ £
Trade debtors 107,339 149,164
Other debtors 57,078 43,236
164,417 192,400

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 55,950 57,184
Taxation and social security 33,127 9,678
Other creditors 179,375 183,612
268,452 250,474

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
80 A Ordinary shares of £ 1.00 each 80 80
20 B Ordinary shares of £ 1.00 each 20 20
100 100