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
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
Groundwork Terracotta & Stone Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
13,948
16,445
Inventories
447,588
461,431
Cash at bank and in hand
333
473
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
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
Groundwork Terracotta & Stone Ltd
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
At 31 October 2024
6,373
7,575
13,948
At 31 October 2023
8,028
8,417
16,445
Amounts falling due within one year
Trade debtors
51,707
38,558
Accrued income and prepayments
-
5,443
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
Trade creditors
115,487
113,877
Taxes and social security
4,631
4,848
Other creditors
15,168
18,648
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).