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Company Registration No. 03426577 (England and Wales)
Groundwork Terracotta & Stone Ltd Unaudited accounts for the year ended 31 October 2024
Groundwork Terracotta & Stone Ltd Unaudited accounts Contents
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Groundwork Terracotta & Stone Ltd Company Information for the year ended 31 October 2024
Director
John Albert Galloway
Company Number
03426577 (England and Wales)
Registered Office
244 Hull Bridge Road Beverley North Humberside HU17 9RT England
Accountants
Rainbird Hanton Accountants The Temple Hesslewood Business Park Feriby Road Hessle East Yorkshire HU13 0LH
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Groundwork Terracotta & Stone Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,948 
16,445 
Current assets
Inventories
447,588 
461,431 
Debtors
51,707 
44,001 
Cash at bank and in hand
333 
473 
499,628 
505,905 
Creditors: amounts falling due within one year
(257,551)
(263,001)
Net current assets
242,077 
242,904 
Total assets less current liabilities
256,025 
259,349 
Creditors: amounts falling due after more than one year
(5,833)
(15,833)
Net assets
250,192 
243,516 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
250,092 
243,416 
Shareholders' funds
250,192 
243,516 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2025 and were signed on its behalf by
John Albert Galloway Director Company Registration No. 03426577
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Groundwork Terracotta & Stone Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Groundwork Terracotta & Stone Ltd is a private company, limited by shares, registered in England and Wales, registration number 03426577. The registered office is 244 Hull Bridge Road, Beverley, North Humberside, HU17 9RT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on NBV
Motor vehicles
10% on NBV
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
85,977 
26,100 
112,077 
At 31 October 2024
85,977 
26,100 
112,077 
Depreciation
At 1 November 2023
77,949 
17,683 
95,632 
Charge for the year
1,655 
842 
2,497 
At 31 October 2024
79,604 
18,525 
98,129 
Net book value
At 31 October 2024
6,373 
7,575 
13,948 
At 31 October 2023
8,028 
8,417 
16,445 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
51,707 
38,558 
Accrued income and prepayments
- 
5,443 
51,707 
44,001 
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Groundwork Terracotta & Stone Ltd Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
109,864 
113,431 
VAT
10,851 
10,647 
Trade creditors
115,487 
113,877 
Taxes and social security
4,631 
4,848 
Other creditors
15,168 
18,648 
Accruals
1,550 
1,550 
257,551 
263,001 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,833 
15,833 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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