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
Bushnell Groundworks Ltd
Company Information
for the year ended 31 July 2024
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
Bushnell Groundworks Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
17,713
33,558
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
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
Bushnell Groundworks Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
At 31 July 2024
6,146
11,328
239
17,713
At 31 July 2023
17,913
15,326
319
33,558
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,601
9,776
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)
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Bushnell Groundworks Ltd
Notes to the Accounts
for the year ended 31 July 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' loan
40,450
-
18,005
22,445
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).