REGISTERED NUMBER: 05660375 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Mole Groundworks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L A Holder

C A Gilbert

REGISTERED OFFICE:

The Old Piggery

Forest Road

Huncote

Leicester

LE9 3LE

REGISTERED NUMBER:

05660375 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

2,500

5,000

Tangible assets

5

611,046

611,494

613,546

616,494

CURRENT ASSETS

Stocks

40,000

40,000

Debtors

6

226,071

362,216

Cash at bank

31,622

4,105

297,693

406,321

CREDITORS

Amounts falling due within one year

7

(297,472

)

(373,824

)

NET CURRENT ASSETS

221

32,497

TOTAL ASSETS LESS CURRENT LIABILITIES

613,767

648,991

CREDITORS

Amounts falling due after more than one year

8

(60,913

)

(27,738

)

PROVISIONS FOR LIABILITIES

(138,308

)

(113,562

)

NET ASSETS

414,546

507,691

CAPITAL AND RESERVES

Called up share capital

7,600

7,600

Retained earnings

406,946

500,091

SHAREHOLDERS' FUNDS

414,546

507,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

L A Holder - Director

1.	STATUTORY INFORMATION

Mole 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.

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 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell 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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 17 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

50,000

AMORTISATION

At 1 March 2024

45,000

Amortisation for year

2,500

At 28 February 2025

47,500

NET BOOK VALUE

At 28 February 2025

2,500

At 29 February 2024

5,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 March 2024

5,720

809,490

6,057

Additions

-

4,496

-

Disposals

-

-

-

At 28 February 2025

5,720

813,986

6,057

DEPRECIATION

At 1 March 2024

5,720

385,180

6,057

Charge for year

-

63,946

-

Eliminated on disposal

-

-

-

At 28 February 2025

5,720

449,126

6,057

NET BOOK VALUE

At 28 February 2025

-

364,860

-

At 29 February 2024

-

424,310

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2024

472,646

19,286

1,313,199

Additions

125,515

780

130,791

Disposals

(28,000

)

-

(28,000

)

At 28 February 2025

570,161

20,066

1,415,990

DEPRECIATION

At 1 March 2024

286,625

18,123

701,705

Charge for year

65,835

1,001

130,782

Eliminated on disposal

(27,543

)

-

(27,543

)

At 28 February 2025

324,917

19,124

804,944

NET BOOK VALUE

At 28 February 2025

245,244

942

611,046

At 29 February 2024

186,021

1,163

611,494

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

85,727

227,710

Other debtors

140,344

134,506

226,071

362,216

Other debtors includes prepayments and accrued income of £5,438 (2024: £4,506).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

-

20,325

Hire purchase contracts

64,296

158,652

Trade creditors

114,172

94,273

Taxation and social security

27,064

51,442

Other creditors

91,940

49,132

297,472

373,824

Other creditors includes accruals and deferred income of £9,899 (2024: £9,113).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

60,913

27,738

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank overdraft

-

20,325

Hire purchase contracts

125,209

186,390

125,209

206,715

The bank overdraft is secured by way of a debenture held by National Westminster Bank plc dated 22 May 2006.

Hire purchase liabilities are secured on the individual assets being so acquired.

10.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £74,959 (2024: £99,945).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

L A Holder

Balance outstanding at start of year

-

-

Amounts advanced

22,050

-

Amounts repaid

(22,050

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loan was repayable on demand. Interest has been charged at HMRC's official rate of interest.