1 01/09/2023 31/08/2024 2024-08-31 false false true false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04049987 2023-09-01 2024-08-31 04049987 2024-08-31 04049987 2023-08-31 04049987 2022-09-01 2023-08-31 04049987 2023-08-31 04049987 2022-08-31 04049987 bus:RegisteredOffice 2023-09-01 2024-08-31 04049987 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 04049987 bus:Director1 2023-09-01 2024-08-31 04049987 core:WithinOneYear 2024-08-31 04049987 core:WithinOneYear 2023-08-31 04049987 core:ShareCapital 2024-08-31 04049987 core:ShareCapital 2023-08-31 04049987 core:RetainedEarningsAccumulatedLosses 2024-08-31 04049987 core:RetainedEarningsAccumulatedLosses 2023-08-31 04049987 bus:Director1 2024-08-31 04049987 bus:Director1 2023-08-31 04049987 bus:SmallEntities 2023-09-01 2024-08-31 04049987 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04049987 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04049987 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04049987 bus:FullAccounts 2023-09-01 2024-08-31
Company registration number: 04049987
GENERAL GROUNDWORKS LIMITED
Unaudited filleted financial statements
31 August 2024
GENERAL GROUNDWORKS LIMITED
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
GENERAL GROUNDWORKS LIMITED
Directors and other information
Director Edward Stephen McDaid
Company number 04049987
Registered office Arch 60
Railway Arches
Harrow
Middlesex
HA2 8AA
Accountants Farooq & Co
350 Kilburn Lane
London
W9 3EF
GENERAL GROUNDWORKS LIMITED
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 4 3,712 40,170
Cash at bank and in hand 6,054 8,456
_______ _______
9,766 48,626
Creditors: amounts falling due
within one year 5 ( 40,924) ( 77,112)
_______ _______
Net current liabilities ( 31,158) ( 28,486)
_______ _______
Total assets less current liabilities ( 31,158) ( 28,486)
_______ _______
Net liabilities ( 31,158) ( 28,486)
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 31,160) ( 28,488)
_______ _______
Shareholder deficit ( 31,158) ( 28,486)
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 April 2025 , and are signed on behalf of the board by:
Edward Stephen McDaid
Director
GENERAL GROUNDWORKS LIMITED
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Arch 60, Railway Arches, Harrow, Middlesex, HA2 8AA.
2. Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a fair view. The financial statements are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under historical cost convention. The principal accounting policies adopted are set out below.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
4. Debtors
2024 2023
£ £
Other debtors 3,712 40,170
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors - 45,416
Other creditors 40,924 31,696
_______ _______
40,924 77,112
_______ _______
6. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2024 2023
£ £
Edward Stephen McDaid 23,158 23,158
_______ _______