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REGISTERED NUMBER: 05352957 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: P G O'Dell (deceased)
J P Batt
S O'Dell





SECRETARY: P G O'Dell (deceased)





REGISTERED OFFICE: Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT





REGISTERED NUMBER: 05352957 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 214,690 197,015
214,690 197,015

CURRENT ASSETS
Stocks 167,127 101,368
Debtors 6 54,783 88,301
Cash at bank and in hand 145,324 106,738
367,234 296,407
CREDITORS
Amounts falling due within one year 7 309,415 236,305
NET CURRENT ASSETS 57,819 60,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,509

257,117

CREDITORS
Amounts falling due after more than one
year

8

(32,629

)

(25,278

)

PROVISIONS FOR LIABILITIES 10 (110,346 ) (108,876 )
NET ASSETS 129,534 122,963

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 129,434 122,863
SHAREHOLDERS' FUNDS 129,534 122,963

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 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.

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

BALANCE SHEET - 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 Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





J P Batt - Director


PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Peter O'Dell Groundwork Contractors 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been fully amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Stocks
Stocks include work in progress for the business which is valued at the lower of cost and net realisable value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 500,000
AMORTISATION
At 1 August 2023
and 31 July 2024 500,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 499,165 1,017 112,350 6,606 619,138
Additions 4,940 - 87,180 850 92,970
Disposals - - (29,950 ) - (29,950 )
At 31 July 2024 504,105 1,017 169,580 7,456 682,158
DEPRECIATION
At 1 August 2023 318,470 1,006 97,851 4,796 422,123
Charge for year 46,410 3 24,488 665 71,566
Eliminated on disposal - - (26,221 ) - (26,221 )
At 31 July 2024 364,880 1,009 96,118 5,461 467,468
NET BOOK VALUE
At 31 July 2024 139,225 8 73,462 1,995 214,690
At 31 July 2023 180,695 11 14,499 1,810 197,015

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 168,000 - 168,000
Additions - 87,180 87,180
Transfer to ownership (83,000 ) - (83,000 )
At 31 July 2024 85,000 87,180 172,180
DEPRECIATION
At 1 August 2023 69,234 - 69,234
Charge for year 15,938 21,795 37,733
Transfer to ownership (47,984 ) - (47,984 )
At 31 July 2024 37,188 21,795 58,983
NET BOOK VALUE
At 31 July 2024 47,812 65,385 113,197
At 31 July 2023 98,766 - 98,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 23,682
Other debtors 50,573 59,924
Prepayments 4,210 4,695
54,783 88,301

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 44,881 37,394
Trade creditors 235,287 161,142
Tax 230 14,555
Social security and other taxes 22,017 15,020
Other creditors 1,890 2,799
Directors' current accounts 2,210 2,495
Accruals 2,900 2,900
309,415 236,305

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 32,629 25,278

PETER O'DELL GROUNDWORK CONTRACTORS
LIMITED (REGISTERED NUMBER: 05352957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 77,510 62,672

The hire purchase contracts are secured against the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 38,796 37,076
Remedial provisions 71,550 71,800
110,346 108,876

Deferred Remedial
tax Provisions
£    £   
Balance at 1 August 2023 37,076 71,800
Provided during year 1,720 (250 )
Balance at 31 July 2024 38,796 71,550

11. CALLED UP SHARE CAPITAL

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