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REGISTERED NUMBER: 06376890 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 January 2025

for

M J Davidson Groundworks Ltd

M J Davidson Groundworks Ltd (Registered number: 06376890)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M J Davidson Groundworks Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr M J Davidson
Mrs S J Davidson





REGISTERED OFFICE: 82 Liverpool Old Road
Much Hoole
Preston
Lancashire
PR4 4QA





REGISTERED NUMBER: 06376890 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

M J Davidson Groundworks Ltd (Registered number: 06376890)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,450,645 2,108,867

CURRENT ASSETS
Stocks 115,840 141,413
Debtors 5 775,886 666,117
Cash at bank 404,358 212,754
1,296,084 1,020,284
CREDITORS
Amounts falling due within one year 6 1,074,712 1,127,816
NET CURRENT ASSETS/(LIABILITIES) 221,372 (107,532 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,672,017

2,001,335

CREDITORS
Amounts falling due after more than one
year

7

(822,985

)

(580,740

)

PROVISIONS FOR LIABILITIES (339,136 ) (366,298 )
NET ASSETS 1,509,896 1,054,297

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,509,776 1,054,177
SHAREHOLDERS' FUNDS 1,509,896 1,054,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

M J Davidson Groundworks Ltd (Registered number: 06376890)

Balance Sheet - continued
31 January 2025


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 6 June 2025 and were signed on its behalf by:





Mr M J Davidson - Director


M J Davidson Groundworks Ltd (Registered number: 06376890)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

M J Davidson 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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

M J Davidson Groundworks Ltd (Registered number: 06376890)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 2,710,001 6,340 429,904 17,008 3,163,253
Additions 837,941 5,950 92,351 - 936,242
Disposals (307,740 ) - (41,705 ) - (349,445 )
At 31 January 2025 3,240,202 12,290 480,550 17,008 3,750,050
DEPRECIATION
At 1 February 2024 788,290 2,353 250,768 12,975 1,054,386
Charge for year 312,816 1,816 48,959 2,640 366,231
Eliminated on disposal (83,894 ) - (37,318 ) - (121,212 )
At 31 January 2025 1,017,212 4,169 262,409 15,615 1,299,405
NET BOOK VALUE
At 31 January 2025 2,222,990 8,121 218,141 1,393 2,450,645
At 31 January 2024 1,921,711 3,987 179,136 4,033 2,108,867

The Net Book Value of assets held under Hire Purchase is £1,771,662.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 762,477 629,598
Other debtors 13,409 36,519
775,886 666,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 10,048 10,128
Hire purchase contracts (see note 8) 414,501 307,371
Trade creditors 553,460 701,708
Taxation and social security 29,793 23,802
Other creditors 66,910 84,807
1,074,712 1,127,816

M J Davidson Groundworks Ltd (Registered number: 06376890)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 4,724 14,762
Hire purchase contracts (see note 8) 818,261 565,978
822,985 580,740

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.25 31.1.24
£    £   
Net obligations repayable:
Within one year 414,501 307,371
Between one and five years 818,261 565,978
1,232,762 873,349

Non-cancellable operating leases
31.1.25 31.1.24
£    £   
Within one year 27,750 19,890
Between one and five years 20,812 -
48,562 19,890

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 14,772 24,890
Hire purchase contracts 1,232,762 873,349
1,247,534 898,239

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Royal Bank of Scotland.