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REGISTERED NUMBER: 10260757 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

LONDON GROUNDWORKS LTD

LONDON GROUNDWORKS LTD (Registered number: 10260757)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LONDON GROUNDWORKS LTD

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D Brati





REGISTERED OFFICE: 50 Roundhills
Waltham Abbey
EN9 1TP





REGISTERED NUMBER: 10260757 (England and Wales)





ACCOUNTANTS: GCA Associates
50 Roundhills
Waltham Abbey
Essex
EN9 1TP

LONDON GROUNDWORKS LTD (Registered number: 10260757)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,238 104,685

CURRENT ASSETS
Debtors 5 205,242 104,833
Cash at bank and in hand 10,000 1,032
215,242 105,865
CREDITORS
Amounts falling due within one year 6 80,224 26,867
NET CURRENT ASSETS 135,018 78,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,256

183,683

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 217,156 183,583
SHAREHOLDERS' FUNDS 217,256 183,683

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LONDON GROUNDWORKS LTD (Registered number: 10260757)

Statement of Financial Position - continued
31 July 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 director and authorised for issue on 8 April 2025 and were signed by:





D Brati - Director


LONDON GROUNDWORKS LTD (Registered number: 10260757)

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

1. STATUTORY INFORMATION

LONDON GROUNDWORKS LTD 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 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
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 statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

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

LONDON GROUNDWORKS LTD (Registered number: 10260757)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 165,966 68,294 5,478 239,738
Additions 1,461 - 5,100 6,561
At 31 July 2024 167,427 68,294 10,578 246,299
DEPRECIATION
At 1 August 2023 85,547 44,721 4,785 135,053
Charge for year 20,470 5,893 2,645 29,008
At 31 July 2024 106,017 50,614 7,430 164,061
NET BOOK VALUE
At 31 July 2024 61,410 17,680 3,148 82,238
At 31 July 2023 80,419 23,573 693 104,685

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 139,080 70,736
Other debtors 66,162 34,097
205,242 104,833

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 7,243 -
Trade creditors 72,716 21,867
Taxation and social security 265 -
Other creditors - 5,000
80,224 26,867

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1.00 100 100

LONDON GROUNDWORKS LTD (Registered number: 10260757)

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

8. RESERVES
Retained
earnings
£   

At 1 August 2023 183,583
Profit for the year 53,573
Dividends (20,000 )
At 31 July 2024 217,156

9. ULTIMATE CONTROLLING PARTY

The controlling party is D Brati.