Registration number: 08540155

M & S Groundworks Grab Hire Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 7

M & S Groundworks Grab Hire Limited

Company Information

Directors

S Bunning M S Stack

Company secretary

M S Stack

Registered office

Suite 1B1 Argyle House Northside Joel Street Northwood Hills HA6 1NW

M & S Groundworks Grab Hire Limited

(Registration number: 08540155)
Abridged Balance Sheet as at 31 October 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	2,032,631	1,863,279
Current assets
Stocks		10,400	7,200
Debtors		154,109	117,405
Cash at bank and in hand		5,000	60,067
		169,509	184,672
Creditors: Amounts falling due within one year		(607,640)	(611,344)
Net current liabilities		(438,131)	(426,672)
Total assets less current liabilities		1,594,500	1,436,607
Creditors: Amounts falling due after more than one year		(947,518)	(945,535)
Provisions for liabilities		(192,848)	(144,009)
Net assets		454,134	347,063
Capital and reserves
Called up share capital		356	356
Retained earnings		453,778	346,707
Shareholders' funds		454,134	347,063

For the financial year ending 31 October 2024 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

M & S Groundworks Grab Hire Limited

(Registration number: 08540155)
Abridged Balance Sheet as at 31 October 2024

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:
 

......................................... S Bunning Director

M & S Groundworks Grab Hire Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1	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 abridged 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 abridged 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.

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.

Tax

The tax expense for the period comprises 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.

M & S Groundworks Grab Hire Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

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
Land and buildings freehold	Not depreciated
Plant and machinery	15% reducing balance basis
Office equipment	25% straight line basis
Motor vehicles	15%, 20% & 25% reducing balance basis

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.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

M & S Groundworks Grab Hire Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

3	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2023	1,261,241	18,043	131,227	830,450	2,240,961
Additions	-	2,152	2,500	292,631	297,283
At 31 October 2024	1,261,241	20,195	133,727	1,123,081	2,538,244
Depreciation
At 1 November 2023	-	14,289	11,510	351,883	377,682
Charge for the year	-	3,396	18,333	106,202	127,931
At 31 October 2024	-	17,685	29,843	458,085	505,613
Carrying amount
At 31 October 2024	1,261,241	2,510	103,884	664,996	2,032,631
At 31 October 2023	1,261,241	3,754	119,717	478,567	1,863,279

Included within the net book value of land and buildings above is £1,261,241 (2023 - £1,261,241) in respect of freehold land and buildings.
 

M & S Groundworks Grab Hire Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

4	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	356	356	356	356