CB Groundworks & Construction Limited 06667074 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is groundworks and construction Digita Accounts Production Advanced 6.30.9574.0 true true 06667074 2024-01-01 2024-12-31 06667074 2024-12-31 06667074 bus:OrdinaryShareClass1 2024-12-31 06667074 core:CurrentFinancialInstruments 2024-12-31 06667074 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06667074 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 06667074 core:FurnitureFittingsToolsEquipment 2024-12-31 06667074 core:MotorVehicles 2024-12-31 06667074 core:OtherPropertyPlantEquipment 2024-12-31 06667074 bus:SmallEntities 2024-01-01 2024-12-31 06667074 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06667074 bus:FilletedAccounts 2024-01-01 2024-12-31 06667074 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06667074 bus:RegisteredOffice 2024-01-01 2024-12-31 06667074 bus:Director1 2024-01-01 2024-12-31 06667074 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06667074 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06667074 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 06667074 core:MotorVehicles 2024-01-01 2024-12-31 06667074 core:OfficeEquipment 2024-01-01 2024-12-31 06667074 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 06667074 core:PlantMachinery 2024-01-01 2024-12-31 06667074 countries:England 2024-01-01 2024-12-31 06667074 2023-12-31 06667074 core:FurnitureFittingsToolsEquipment 2023-12-31 06667074 core:MotorVehicles 2023-12-31 06667074 core:OtherPropertyPlantEquipment 2023-12-31 06667074 2023-01-01 2023-12-31 06667074 2023-12-31 06667074 bus:OrdinaryShareClass1 2023-12-31 06667074 core:CurrentFinancialInstruments 2023-12-31 06667074 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06667074 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 06667074 core:FurnitureFittingsToolsEquipment 2023-12-31 06667074 core:MotorVehicles 2023-12-31 06667074 core:OtherPropertyPlantEquipment 2023-12-31 06667074 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06667074

CB Groundworks & Construction Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

CB Groundworks & Construction Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

CB Groundworks & Construction Limited

Company Information

Director | Mr Kevin Peter Johnson

Registered office | 3 Hop Row Haddenham Ely Cambridgeshire CB6 3SR

Accountants | Mr John Parker AIMS Accountants for Business 30 Chestnut Close Brampton Huntingdon Cambridgeshire United Kingdom PE28 4TP

CB Groundworks & Construction Limited

(Registration number: 06667074)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 145,015 | 166,081
Current assets |  |  |
Stocks | 5 | 124,200 | 717,000
Debtors | 6 | 708,779 | 633,121
Cash at bank and in hand |  | 46,238 | 63,842
|  | 879,217 | 1,413,963
Creditors: Amounts falling due within one year | 7 | (597,248) | (1,078,270)
Net current assets |  | 281,969 | 335,693
Total assets less current liabilities |  | 426,984 | 501,774
Creditors: Amounts falling due after more than one year | 7 | (284,257) | (245,036)
Provisions for liabilities |  | (5,540) | (46,279)
Net assets |  | 137,187 | 210,459
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Retained earnings |  | 137,186 | 210,458
Shareholders' funds |  | 137,187 | 210,459

CB Groundworks & Construction Limited

(Registration number: 06667074)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 September 2025

......................................... Mr Kevin Peter Johnson Director

CB Groundworks & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

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

The address of its registered office is:
3 Hop Row
Haddenham
Ely
Cambridgeshire
CB6 3SR
England and Wales

The principal place of business is:
3 Hop Row
Haddenham
Ely
Cambridgeshire
CB6 3SR
England and Wales

These financial statements were authorised for issue by the director on 15 September 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.

CB Groundworks & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Contract revenue recognition

Most projects are short term in nature and that for those that are in progress at the end of the accounting period all income and costs incurred but not invoiced are estimated, based on the final charges.

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
Motor vehicles | 25% reducing balance basis
Office equipment | 30% reducing balance basis

CB Groundworks & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Plant & machinery | 25% reducing balance basis

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.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

CB Groundworks & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 6).

CB Groundworks & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 January 2024 | 13,068 | 219,589 | 946,863 | 1,179,520
Additions | 2,440 | 56,715 | - | 59,155
At 31 December 2024 | 15,508 | 276,304 | 946,863 | 1,238,675
Depreciation
At 1 January 2024 | 9,276 | 173,318 | 830,845 | 1,013,439
Charge for the year | 2,500 | 31,588 | 46,133 | 80,221
At 31 December 2024 | 11,776 | 204,906 | 876,978 | 1,093,660
Carrying amount
At 31 December 2024 | 3,732 | 71,398 | 69,885 | 145,015
At 31 December 2023 | 3,792 | 46,271 | 116,018 | 166,081

5 | Stocks

| 2024 £ | 2023 £
Work in progress | 95,200 | 702,000
Other inventories | 29,000 | 15,000
| 124,200 | 717,000

CB Groundworks & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Debtors

Details of non-current trade and other debtors

£47,000 (2023 -£53,000) of income from sale of land is classified as non current. Terms have been agreed with a purchaser to spread payments from this sale over 12 years from Januay 2022

7 | Creditors

Creditors: amounts falling due within one year

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £98,597 (2023 - £104,275).

Creditors: amounts falling due after more than one year

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £265,053 (2023 - £169,965).

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary share of £1 each | 1 | 1 | 1 | 1

9 | Dividends

Final dividends paid

|  | 2024 £ |  | 2023 £
Final dividend of £Nil (2023 - £150,000.00) per each Ordinary share |  | - |  | 150,000

10 | Related party transactions

The company constructed a residential property for the director, Mr K P Johnson. During the prior period £750,000 was invoiced and paid for this work via the holding company, CBC&G Holdings Ltd.

CB Groundworks & Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Director's remuneration

The director's remuneration for the year was as follows:

| 2024 £ | 2023 £
Remuneration | 12,570 | 18,570