REGISTERED NUMBER: 06221558 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SG HARRIS GROUNDWORKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Harris

S G Harris

M J Harris

SECRETARY:

S R Harris

REGISTERED OFFICE:

Walford Paddock

Main Street

Over Norton

Oxfordshire

OX7 5PU

REGISTERED NUMBER:

06221558 (England and Wales)

ACCOUNTANTS:

Astral Accountancy Services Limited

Astral House

Granville Way

Bicester

Oxfordshire

OX26 4JT

FIXED ASSETS

Intangible assets

4

-

2,400

Tangible assets

5

166,820

163,086

166,820

165,486

CURRENT ASSETS

Stocks

5,800

8,500

Debtors

6

22,342

29,820

Cash at bank

99,815

47,199

127,957

85,519

CREDITORS

Amounts falling due within one year

7

82,614

65,074

NET CURRENT ASSETS

45,343

20,445

TOTAL ASSETS LESS CURRENT LIABILITIES

212,163

185,931

CREDITORS

Amounts falling due after more than one year

8

-

6,359

NET ASSETS

212,163

179,572

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

212,062

179,471

212,163

179,572

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 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 24 October 2025 and were signed on its behalf by:

S G Harris - Director

1.	STATUTORY INFORMATION

SG Harris 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.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Leasehold Improvements

-

at varying rates on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% 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 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

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.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

37,600

Amortisation for year

2,400

At 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

2,400

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Computer

Improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

14,540

282,485

172,778

5,899

475,702

Additions

-

55,280

-

-

55,280

Disposals

-

(79,400

)

-

-

(79,400

)

At 31 March 2025

14,540

258,365

172,778

5,899

451,582

DEPRECIATION

At 1 April 2024

727

204,136

102,592

5,161

312,616

Charge for year

364

16,887

14,037

147

31,435

Eliminated on disposal

-

(59,289

)

-

-

(59,289

)

At 31 March 2025

1,091

161,734

116,629

5,308

284,762

NET BOOK VALUE

At 31 March 2025

13,449

96,631

56,149

591

166,820

At 31 March 2024

13,813

78,349

70,186

738

163,086

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

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

81,500

DEPRECIATION

At 1 April 2024

43,249

Charge for year

7,650

At 31 March 2025

50,899

NET BOOK VALUE

At 31 March 2025

30,601

At 31 March 2024

38,251

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,131

22,856

VAT

1,804

3,407

Prepayments and accrued income

5,407

3,557

22,342

29,820

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

7,450

11,091

Trade creditors

19,140

2,513

Tax

7,770

4,374

Social security and other taxes

2,759

1,546

Directors' current accounts

13,920

17,000

Accruals and deferred income

31,575

28,550

82,614

65,074

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

6,359