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REGISTERED NUMBER: 13790792 (England and Wales)























REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MJP GROUNDWORKS LTD

MJP GROUNDWORKS LTD (REGISTERED NUMBER: 13790792)






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




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


MJP GROUNDWORKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: M J Pancherz





SECRETARY:





REGISTERED OFFICE: 6 Oaklands Court
TIVERTON
Devon
EX16 6TG





REGISTERED NUMBER: 13790792 (England and Wales)





ACCOUNTANT: Withers Steele Chartered Accountants
6 Oaklands Court
TIVERTON
Devon
EX16 6TG

MJP GROUNDWORKS LTD (REGISTERED NUMBER: 13790792)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 DECEMBER 2024

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

DIRECTOR
M J Pancherz held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M J Pancherz - Director


14 July 2025

MJP GROUNDWORKS LTD (REGISTERED NUMBER: 13790792)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   

TURNOVER 330,902 522,274

Cost of sales 196,817 301,864
GROSS PROFIT 134,085 220,410

Distribution costs - 1,300
Administrative expenses 56,668 64,916
56,668 66,216
77,417 154,194

Other operating income - 2,840
OPERATING PROFIT and
PROFIT BEFORE TAXATION 77,417 157,034

Tax on profit 21,297 25,868
PROFIT FOR THE FINANCIAL YEAR 56,120 131,166

MJP GROUNDWORKS LTD (REGISTERED NUMBER: 13790792)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 16,800 19,200
Tangible assets 6 45,181 59,882
61,981 79,082

CURRENT ASSETS
Stocks 129,407 -
Debtors 7 5,658 -
Cash at bank 3,428 172,254
138,493 172,254
CREDITORS
Amounts falling due within one year 8 29,378 77,362
NET CURRENT ASSETS 109,115 94,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,096

173,974

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 170,796 173,674
171,096 173,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 14 July 2025 and were signed by:





M J Pancherz - Director


MJP GROUNDWORKS LTD (REGISTERED NUMBER: 13790792)

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

1. STATUTORY INFORMATION

MJP 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - not provided

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 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.

MJP GROUNDWORKS LTD (REGISTERED NUMBER: 13790792)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.24 31.12.23
£    £   
Depreciation - owned assets 14,701 19,424
Goodwill amortisation 2,400 2,400

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 24,000
AMORTISATION
At 1 January 2024 4,800
Charge for year 2,400
At 31 December 2024 7,200
NET BOOK VALUE
At 31 December 2024 16,800
At 31 December 2023 19,200

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 84,627
DEPRECIATION
At 1 January 2024 24,745
Charge for year 14,701
At 31 December 2024 39,446
NET BOOK VALUE
At 31 December 2024 45,181
At 31 December 2023 59,882

MJP GROUNDWORKS LTD (REGISTERED NUMBER: 13790792)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 5,658 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 3,241 20,488
Taxation and social security 23,997 54,734
Other creditors 2,140 2,140
29,378 77,362