Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsefalse2023-08-01No description of principal activity2625true 12622790 2023-08-01 2024-07-31 12622790 2022-08-01 2023-07-31 12622790 2024-07-31 12622790 2023-07-31 12622790 c:Director2 2023-08-01 2024-07-31 12622790 d:PlantMachinery 2023-08-01 2024-07-31 12622790 d:PlantMachinery 2024-07-31 12622790 d:PlantMachinery 2023-07-31 12622790 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12622790 d:MotorVehicles 2023-08-01 2024-07-31 12622790 d:MotorVehicles 2024-07-31 12622790 d:MotorVehicles 2023-07-31 12622790 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12622790 d:FurnitureFittings 2023-08-01 2024-07-31 12622790 d:FurnitureFittings 2024-07-31 12622790 d:FurnitureFittings 2023-07-31 12622790 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12622790 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12622790 d:Goodwill 2023-08-01 2024-07-31 12622790 d:Goodwill 2024-07-31 12622790 d:Goodwill 2023-07-31 12622790 d:CurrentFinancialInstruments 2024-07-31 12622790 d:CurrentFinancialInstruments 2023-07-31 12622790 d:Non-currentFinancialInstruments 2024-07-31 12622790 d:Non-currentFinancialInstruments 2023-07-31 12622790 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12622790 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12622790 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 12622790 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12622790 d:ShareCapital 2024-07-31 12622790 d:ShareCapital 2023-07-31 12622790 d:RetainedEarningsAccumulatedLosses 2024-07-31 12622790 d:RetainedEarningsAccumulatedLosses 2023-07-31 12622790 c:FRS102 2023-08-01 2024-07-31 12622790 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12622790 c:FullAccounts 2023-08-01 2024-07-31 12622790 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12622790 d:HirePurchaseContracts d:WithinOneYear 2024-07-31 12622790 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 12622790 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-07-31 12622790 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 12622790 6 2023-08-01 2024-07-31 12622790 d:Goodwill d:OwnedIntangibleAssets 2023-08-01 2024-07-31 12622790 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 12622790









GOING GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
GOING GROUP LTD
REGISTERED NUMBER: 12622790

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
24,003
48,003

Tangible assets
 5 
199,044
164,960

Investments
 6 
1
1

  
223,048
212,964

Current assets
  

Stocks
 7 
157,191
80,468

Debtors: amounts falling due within one year
 8 
478,688
629,020

Cash at bank and in hand
 9 
45,128
44,410

  
681,007
753,898

Creditors: amounts falling due within one year
 10 
(542,466)
(490,186)

Net current assets
  
 
 
138,541
 
 
263,712

Total assets less current liabilities
  
361,589
476,676

Creditors: amounts falling due after more than one year
 11 
(87,904)
(68,969)

  

Net assets
  
273,685
407,707


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
273,585
407,607

  
273,685
407,707


Page 1

 
GOING GROUP LTD
REGISTERED NUMBER: 12622790
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 July 2025.




................................................
Stephen Welch
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
GOING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Going Group Ltd is a private company limited by shares, incorporated in England and Wales. It is trading as Going Underground. The principal activity throughout the year was that of construction of water projects. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
GOING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 4

 
GOING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
33%
straight line
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
GOING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 26 (2023 - 25).

Page 6

 
GOING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
120,003



At 31 July 2024

120,003



Amortisation


At 1 August 2023
72,000


Charge for the year on owned assets
24,000



At 31 July 2024

96,000



Net book value



At 31 July 2024
24,003



At 31 July 2023
48,003



Page 7

 
GOING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 August 2023
76,690
180,830
8,545
266,065


Additions
99,169
-
1,998
101,167



At 31 July 2024

175,859
180,830
10,543
367,232



Depreciation


At 1 August 2023
34,739
59,335
7,031
101,105


Charge for the year on owned assets
35,283
30,375
1,425
67,083



At 31 July 2024

70,022
89,710
8,456
168,188



Net book value



At 31 July 2024
105,837
91,120
2,087
199,044



At 31 July 2023
41,951
121,495
1,514
164,960


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2023
1



At 31 July 2024
1




Page 8

 
GOING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Stocks

2024
2023
£
£

Work in progress
102,323
36,383

Stock
54,868
44,085

157,191
80,468



8.


Debtors

2024
2023
£
£


Trade debtors
433,838
565,374

Amounts owed by joint ventures and associated undertakings
14,699
11,157

Other debtors
27,977
50,749

Prepayments and accrued income
2,174
1,740

478,688
629,020


ncluded in other debtors is a directors' current account balance of £8,441 (2023 - £15,874 included in other creditors) in relation to Fraser Deans.




9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
45,128
44,410

45,128
44,410


Page 9

 
GOING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
4,149
2,304

Trade creditors
87,167
130,903

Amounts owed to joint ventures
1,833
-

Corporation tax
112,813
100,416

Other taxation and social security
282,335
158,293

Obligations under finance lease and hire purchase contracts
38,760
24,751

Other creditors
9,309
44,914

Accruals and deferred income
6,100
28,605

542,466
490,186



11.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
87,904
68,969

87,904
68,969



12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
38,760
24,751

Between 1-5 years
87,904
68,969

126,664
93,720


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £20,280 (2023 - £17,376). Contributions totalling £3,925 (2023 - £13,036) were payable to the fund at the balance sheet date.

Page 10

 
GOING GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

14.


Controlling party

The Company is controlled by the directors, Fraser Deans and Stephen Welch, by virtue of their shareholding as described in the directors' report.

 
Page 11