Ben Polkinghorn Groundworks Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10483548 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

BEN POLKINGHORN GROUNDWORKS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B Polkinghorn

REGISTERED OFFICE:

2 Sandside

Ulverston

Cumbria

LA12 9EG

REGISTERED NUMBER:

10483548 (England and Wales)

BANKERS:

Barclays Bank plc

Business Direct

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

4

98,043

163,709

CURRENT ASSETS

Stocks

10,000

40,000

Debtors

13,149

29,279

Cash at bank

66,188

98,047

89,337

167,326

CREDITORS

Amounts falling due within one year

66,307

109,109

NET CURRENT ASSETS

23,030

58,217

TOTAL ASSETS LESS CURRENT
LIABILITIES

121,073

221,926

CREDITORS

Amounts falling due after more than one year

74,208

85,480

NET ASSETS

46,865

136,446

CAPITAL AND RESERVES

Called up share capital

7

10

Retained earnings

46,855

136,436

SHAREHOLDERS' FUNDS

46,865

136,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2025 and were signed by:

Mr B Polkinghorn - Director

1.	STATUTORY INFORMATION

Ben Polkinghorn Groundworks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services as adjusted for work in progress and accrued income, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

at varying rates on cost

Motor vehicles

-

at varying rates on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2023

255,817

Additions

9,609

Disposals

(89,566

)

At 31 December 2024

175,860

DEPRECIATION

At 1 December 2023

92,108

Charge for period

34,769

Eliminated on disposal

(49,060

)

At 31 December 2024

77,817

NET BOOK VALUE

At 31 December 2024

98,043

At 30 November 2023

163,709

Plant and machinery and motor vehicles have been depreciated at varying rates during the year. This was undertaken with a view to achieve a true and fair view of the valuations of fixed assets held in the company as at 31 December 2024.

The net book value of tangible fixed assets includes £NIL (2023: £48,000) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £NIL (2023: £6,000) for the financial year.

5.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24

30.11.23

£

Net obligations repayable:

Within one year

-

12,064

Between one and five years

-

91

-

12,155

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

30.11.23

£

Hire purchase

-

12,155

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

30.11.23

value:

£

9

Ordinary

£1

9

1

A Ordinary

£1

1

10

8.	RELATED PARTY DISCLOSURES

At 31 December 2024, Mr B Polkinghorn, a director of the company, had on an unsecured interest free basis advanced £66,630 to the company (Prior year: £85,714). This amount is interest-free, unsecured and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr B Polkinghorn.