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REGISTERED NUMBER: 06188829 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 July 2024

for

Richard Field Groundworks Limited

Richard Field Groundworks Limited (Registered number: 06188829)






Contents of the Financial Statements
for the Year Ended 30 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richard Field Groundworks Limited

Company Information
for the Year Ended 30 July 2024







DIRECTORS: Mr R D Field
Mr T R Field
Mr J A Field





REGISTERED OFFICE: Grafham Farm Cottage
Grafham
Bramley
Guildford
Surrey
GU5 0LH





REGISTERED NUMBER: 06188829 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Richard Field Groundworks Limited (Registered number: 06188829)

Balance Sheet
30 July 2024

30.7.24 30.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 987,577 944,982

CURRENT ASSETS
Stocks 89,600 211,700
Debtors 5 206,354 43,209
Cash at bank 1,254,797 879,692
1,550,751 1,134,601
CREDITORS
Amounts falling due within one year 6 981,872 1,068,273
NET CURRENT ASSETS 568,879 66,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,556,456

1,011,310

CAPITAL AND RESERVES
Called up share capital 7 11,000 11,000
Retained earnings 8 1,545,456 1,000,310
SHAREHOLDERS' FUNDS 1,556,456 1,011,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

Richard Field Groundworks Limited (Registered number: 06188829)

Balance Sheet - continued
30 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 28 April 2025 and were signed on its behalf by:





Mr R D Field - Director


Richard Field Groundworks Limited (Registered number: 06188829)

Notes to the Financial Statements
for the Year Ended 30 July 2024

1. STATUTORY INFORMATION

Richard Field Groundworks 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.

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 cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current 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 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 balance sheet date.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

Richard Field Groundworks Limited (Registered number: 06188829)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 31 July 2023 626,879 57,664 396,334
Additions - - 162,000
Disposals - - (150,364 )
At 30 July 2024 626,879 57,664 407,970
DEPRECIATION
At 31 July 2023 - - 258,272
Charge for year - - 73,096
Eliminated on disposal - - (144,984 )
At 30 July 2024 - - 186,384
NET BOOK VALUE
At 30 July 2024 626,879 57,664 221,586
At 30 July 2023 626,879 57,664 138,062

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 31 July 2023 242,003 2,498 1,325,378
Additions - - 162,000
Disposals (122,212 ) - (272,576 )
At 30 July 2024 119,791 2,498 1,214,802
DEPRECIATION
At 31 July 2023 120,792 1,332 380,396
Charge for year 26,927 500 100,523
Eliminated on disposal (108,710 ) - (253,694 )
At 30 July 2024 39,009 1,832 227,225
NET BOOK VALUE
At 30 July 2024 80,782 666 987,577
At 30 July 2023 121,211 1,166 944,982

Richard Field Groundworks Limited (Registered number: 06188829)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Trade debtors 75,916 37,672
Other debtors 125,000 -
Prepayments 5,438 5,537
206,354 43,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Other loans - 275,000
Trade creditors 126,296 212,888
Corporation tax 157,168 -
Social security and other taxes 6,641 8,632
VAT 12,051 59,613
Other creditors 12,778 3,750
Wages control account 19,210 21,760
Directors' current accounts 642,557 481,850
Accrued expenses 5,171 4,780
981,872 1,068,273

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.7.24 30.7.23
value: £    £   
10,000 Ordinary A £1 10,000 10,000
1,000 Ordinary £1 £1 1,000 1,000
11,000 11,000

8. RESERVES
Retained
earnings
£   

At 31 July 2023 1,000,310
Profit for the year 637,146
Dividends (92,000 )
At 30 July 2024 1,545,456

Richard Field Groundworks Limited (Registered number: 06188829)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

9. CONTINGENT LIABILITIES

The Company is currently in negotiations with HMRC regarding a potential liability due of approximately £439,000 relating to a loan scheme arrangement. This liability has not yet been provided for but will be adjusted once an agreement has been reached.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 July 2024 and 30 July 2023:

30.7.24 30.7.23
£    £   
Mr R D Field
Balance outstanding at start of year (462,645 ) (441,399 )
Amounts advanced 31,868 23,934
Amounts repaid (177,522 ) (45,180 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (608,299 ) (462,645 )

Mr J A Field
Balance outstanding at start of year (18,168 ) (15,086 )
Amounts advanced 45,387 62,488
Amounts repaid (50,570 ) (65,570 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,351 ) (18,168 )

Mr T R Field
Balance outstanding at start of year (1,037 ) (1,478 )
Amounts advanced 40,700 61,971
Amounts repaid (50,570 ) (61,530 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,907 ) (1,037 )

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr R D, Mr J A, and Mr T R Field throughout the current and previous period. Mr R D Field is a managing director and majority shareholder.

No transactions with related party transactions were undertaken such as are required to be disclosed under Section 1a of Financial Reporting Standard 102.