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Company Registration No. 06957261 (England and Wales)
Bushnell Groundworks Ltd Unaudited accounts for the year ended 31 July 2024
Bushnell Groundworks Ltd Unaudited accounts Contents
Page
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Bushnell Groundworks Ltd Company Information for the year ended 31 July 2024
Director
Mr D Bushnell
Company Number
06957261 (England and Wales)
Registered Office
28 Roman Way Andover Hampshire SP10 5JU United Kingdom
Accountants
P7 Accounting Limited 25 Cutbush Lane Bitterne Southampton SO18 5QP
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Bushnell Groundworks Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,713 
33,558 
Current assets
Debtors
8,137 
1,956 
Creditors: amounts falling due within one year
(33,656)
(11,073)
Net current liabilities
(25,519)
(9,117)
Total assets less current liabilities
(7,806)
24,441 
Creditors: amounts falling due after more than one year
- 
(4,134)
Provisions for liabilities
Deferred tax
(3,365)
(7,231)
Net (liabilities)/assets
(11,171)
13,076 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(11,173)
13,074 
Shareholders' funds
(11,171)
13,076 
For the year ending 31 July 2024 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.
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 10 April 2025 and were signed on its behalf by
Mr D Bushnell Director Company Registration No. 06957261
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Bushnell Groundworks Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Bushnell Groundworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 06957261. The registered office is 28 Roman Way, Andover, Hampshire, SP10 5JU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% Straight line
Computer equipment
20% Straight line
Stock and work in progress
Stock and work in progress have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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.
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Bushnell Groundworks Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
37,832 
27,290 
778 
65,900 
Disposals
(12,000)
- 
- 
(12,000)
At 31 July 2024
25,832 
27,290 
778 
53,900 
Depreciation
At 1 August 2023
19,919 
11,964 
459 
32,342 
Charge for the year
5,967 
3,998 
80 
10,045 
On disposals
(6,200)
- 
- 
(6,200)
At 31 July 2024
19,686 
15,962 
539 
36,187 
Net book value
At 31 July 2024
6,146 
11,328 
239 
17,713 
At 31 July 2023
17,913 
15,326 
319 
33,558 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,258 
- 
Trade debtors
5,879 
1,956 
8,137 
1,956 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
15,601 
9,776 
VAT
- 
4,846 
Trade creditors
13,101 
2,912 
Taxes and social security
21,630 
28,580 
Other creditors
5,199 
5,199 
Loans from directors
(22,445)
(40,450)
Accruals
570 
210 
33,656 
11,073 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
4,134 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Bushnell Groundworks Ltd Notes to the Accounts for the year ended 31 July 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr D Bushnell
Directors' loan
40,450 
- 
18,005 
22,445 
40,450 
- 
18,005 
22,445 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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