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Registration number: 05873679

Ctc Groundworks Limited

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Ctc Groundworks Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Ctc Groundworks Limited

Company Information

Directors

Mr Christopher Henton

Mr Robert Anthony Adams

Registered office

Wynne & Co
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Ctc Groundworks Limited

(Registration number: 05873679)
Balance Sheet as at 31 March 2025

Note

31 March
2025
£

31 March
2024
£

Fixed assets

 

Tangible assets

4

201,849

310,769

Current assets

 

Debtors

5

84,362

29,238

Cash at bank and in hand

 

58,103

-

 

142,465

29,238

Creditors: Amounts falling due within one year

6

(210,288)

(180,565)

Net current liabilities

 

(67,823)

(151,327)

Total assets less current liabilities

 

134,026

159,442

Provisions for liabilities

(38,351)

(59,046)

Net assets

 

95,675

100,396

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

95,673

100,394

Shareholders' funds

 

95,675

100,396

 

Ctc Groundworks Limited

(Registration number: 05873679)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

.........................................
Mr Christopher Henton
Director

 

Ctc Groundworks Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wynne & Co
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
United Kingdom

These financial statements were authorised for issue by the Board on 24 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ctc Groundworks Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Straight line

Motor vehicles

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ctc Groundworks Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Ctc Groundworks Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

 

Ctc Groundworks Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

6,448

87,715

663,848

758,011

Additions

-

-

10,026

10,026

At 31 March 2025

6,448

87,715

673,874

768,037

Depreciation

At 1 April 2024

2,827

57,360

387,055

447,242

Charge for the year

2,052

13,094

103,800

118,946

At 31 March 2025

4,879

70,454

490,855

566,188

Carrying amount

At 31 March 2025

1,569

17,261

183,019

201,849

At 31 March 2024

3,621

30,355

276,793

310,769

5

Debtors

Current

31 March
2025
£

31 March
2024
£

Trade debtors

79,661

24,487

Prepayments

4,701

4,751

 

84,362

29,238

 

Ctc Groundworks Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

31 March
2025
£

31 March
2024
£

Due within one year

 

Bank loans and overdrafts

8

-

656

Trade creditors

 

13,318

8,515

Taxation and social security

 

22,233

6,803

Accruals and deferred income

 

1,525

1,450

Other creditors

 

173,212

163,141

 

210,288

180,565

Creditors: amounts falling due after more than one year

31 March
2025
£

31 March
2024
£

7

Share capital

Allotted, called up and fully paid shares

31 March
2025

31 March
2024

No.

£

No.

£

Ordinary share capital of £1 each

2

2

2

2

       
 

Ctc Groundworks Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

8

Loans and borrowings

Current loans and borrowings

31 March
2025
£

31 March
2024
£

Bank overdrafts

-

656

9

Dividends

Interim dividends paid

31 March
2025
£

31 March
2024
£

Interim dividend of £3,000.00 (2024 - £21,400.00) per each Ordinary share capital

6,000

42,800