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REGISTERED NUMBER: 04884184 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

R.S. Groundworks Limited

R.S. Groundworks Limited (Registered number: 04884184)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.S. Groundworks Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs S E Davies
R M Davies





SECRETARY: P F Wyke





REGISTERED OFFICE: Riverside Cottage
Glasshouse Lane
Countess Wear
Exeter
Devon
EX2 7BZ





REGISTERED NUMBER: 04884184 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

R.S. Groundworks Limited (Registered number: 04884184)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,999 151,967

CURRENT ASSETS
Stocks 493,058 407,928
Debtors 5 555,668 1,027,178
Cash at bank 1,232,348 681,924
2,281,074 2,117,030
CREDITORS
Amounts falling due within one year 6 231,281 327,554
NET CURRENT ASSETS 2,049,793 1,789,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,187,792

1,941,443

PROVISIONS FOR LIABILITIES 24,142 27,226
NET ASSETS 2,163,650 1,914,217

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,163,649 1,914,216
SHAREHOLDERS' FUNDS 2,163,650 1,914,217

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

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

R.S. Groundworks Limited (Registered number: 04884184)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





Mrs S E Davies - Director


R.S. Groundworks Limited (Registered number: 04884184)

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


1. STATUTORY INFORMATION

R.S. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net measured value of goods and services excluding value added tax.

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 etc - 25% on reducing balance and 10% on reducing balance

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 and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

R.S. Groundworks Limited (Registered number: 04884184)

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


2. ACCOUNTING POLICIES - continued

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.

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 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 16,490 401,052 417,542
Additions - 350 350
At 30 September 2024 16,490 401,402 417,892
DEPRECIATION
At 1 October 2023 - 265,575 265,575
Charge for year - 14,318 14,318
At 30 September 2024 - 279,893 279,893
NET BOOK VALUE
At 30 September 2024 16,490 121,509 137,999
At 30 September 2023 16,490 135,477 151,967

R.S. Groundworks Limited (Registered number: 04884184)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 17,750
Transfer to ownership (17,750 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 3,373
Transfer to ownership (3,373 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 14,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 521,361 942,429
Other debtors 34,307 84,749
555,668 1,027,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts - 666
Trade creditors 107,273 198,624
Taxation and social security 112,734 110,894
Other creditors 11,274 17,370
231,281 327,554

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts - 666

R.S. Groundworks Limited (Registered number: 04884184)

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


8. RELATED PARTY DISCLOSURES

The company is under the control of Mrs. S.E. Davies and Mr R M Davies, the directors and shareholders of the company.