SK Groundworks, Landscaping & Crushing - Accounts to registrar (filleted)

REGISTERED NUMBER: 07488515 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SK Groundworks, Landscaping & Crushing

Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S K Partridge

REGISTERED OFFICE:

Chestnuts Farm

Charles Tye

Ringshall

Stowmarket

Suffolk

IP14 2HU

REGISTERED NUMBER:

07488515 (England and Wales)

ACCOUNTANTS:

Emsdens Limited - Chartered Certified Accountants

Ladbrook Close

Elmsett

Ipswich

Suffolk

IP7 6LD

FIXED ASSETS

Intangible assets

4

3,000

3,500

Tangible assets

5

578,219

571,083

581,219

574,583

CURRENT ASSETS

Stocks

5,000

Debtors

6

15,821

17,383

Cash at bank

5,472

-

26,293

22,383

CREDITORS

Amounts falling due within one year

7

132,821

133,448

NET CURRENT LIABILITIES

(106,528

)

(111,065

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

474,691

463,518

CREDITORS

Amounts falling due after more than one
year

8

(107,069

)

(140,909

)

PROVISIONS FOR LIABILITIES

(29,748

)

(21,690

)

NET ASSETS

337,874

300,919

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

337,873

300,918

SHAREHOLDERS' FUNDS

337,874

300,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 September 2025 and were signed by:

Mr S K Partridge - Director

1.	STATUTORY INFORMATION

SK Groundworks, Landscaping & Crushing 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

6,500

Charge for year

500

At 31 March 2025

7,000

NET BOOK VALUE

At 31 March 2025

3,000

At 31 March 2024

3,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

421,644

239,037

660,681

Additions

-

25,000

At 31 March 2025

421,644

264,037

685,681

DEPRECIATION

At 1 April 2024

-

89,598

Charge for year

-

17,864

At 31 March 2025

-

107,462

NET BOOK VALUE

At 31 March 2025

421,644

156,575

578,219

At 31 March 2024

421,644

149,439

571,083

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

91,000

Additions

25,000

At 31 March 2025

116,000

DEPRECIATION

At 1 April 2024

9,100

Charge for year

10,690

At 31 March 2025

19,790

NET BOOK VALUE

At 31 March 2025

96,210

At 31 March 2024

81,900

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

14,054

14,799

Other debtors

1,767

2,584

15,821

17,383

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

26,646

30,220

Hire purchase contracts

28,426

29,368

Trade creditors

1,622

6,617

Taxation and social security

19,940

21,104

Other creditors

56,187

46,139

132,821

133,448

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

68,555

95,598

Hire purchase contracts

38,514

45,311

107,069

140,909

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1

Ordinary

£1

1

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S K Partridge.

The ultimate controlling party is Mr S K Partridge.