Registration number: 08427118

Link Groundworks Bicester Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Link Groundworks Bicester Limited

Company Information

Directors

Mr L McKeran Mrs J McKeran

Registered office

67 Windmill Avenue Bicester Oxfordshire OX26 3DZ

Accountants

Xeinadin South East Limited 12 Conqueror Court Sittingbourne Kent ME10 5BH

Link Groundworks Bicester Limited

(Registration number: 08427118)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	522,511	373,380
Current assets
Stocks	5	187,228	503,075
Debtors	6	263,418	60,773
Cash at bank and in hand		127,598	505,953
		578,244	1,069,801
Creditors: Amounts falling due within one year	7	(558,058)	(1,028,160)
Net current assets		20,186	41,641
Total assets less current liabilities		542,697	415,021
Creditors: Amounts falling due after more than one year	7	(221,016)	(137,757)
Provisions for liabilities		(88,780)	(66,775)
Net assets		232,901	210,489
Capital and reserves
Called up share capital		100	100
Retained earnings		232,801	210,389
Shareholders' funds		232,901	210,489

For the financial year ending 31 March 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 December 2025 and signed on its behalf by:
 

Link Groundworks Bicester Limited

(Registration number: 08427118)
Balance Sheet as at 31 March 2025

......................................... Mr L McKeran Director

Link Groundworks Bicester Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
67 Windmill Avenue
Bicester
Oxfordshire
OX26 3DZ

These financial statements were authorised for issue by the Board on 5 December 2025.

2	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 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 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1

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 current and 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.

Link Groundworks Bicester Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

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
Plant and machinery	25% reducing balance
Office equipment	20%/33.3% straight line
Motor vehicles	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Link Groundworks Bicester Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 12).

Link Groundworks Bicester Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	445,089	10,765	284,414	740,268
Additions	159,690	936	143,136	303,762
Disposals	-	-	(128,215)	(128,215)
At 31 March 2025	604,779	11,701	299,335	915,815
Depreciation
At 1 April 2024	220,221	8,847	137,820	366,888
Charge for the year	63,420	934	49,601	113,955
Eliminated on disposal	-	-	(87,539)	(87,539)
At 31 March 2025	283,641	9,781	99,882	393,304
Carrying amount
At 31 March 2025	321,138	1,920	199,453	522,511
At 31 March 2024	224,868	1,918	146,594	373,380

5

Stocks

	2025 £	2024 £
Work in progress	187,228	503,075

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		218,381	60,000
Amounts owed by related parties	9	-	478
Other debtors		45,037	295
		263,418	60,773

Link Groundworks Bicester Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	73,419	67,001
Trade creditors		395,146	716,818
Taxation and social security		52,741	185,009
Accruals and deferred income		19,885	34,885
Other creditors		16,867	24,447
		558,058	1,028,160

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	221,016	137,757

8	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Bank borrowings	2,651	13,091
Hire purchase contracts	218,365	124,666
	221,016	137,757

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	10,440	11,019
Hire purchase contracts	62,979	55,982
	73,419	67,001

Link Groundworks Bicester Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr L McKeran
Directors loan account - interest charged at HMRC's official rate of interest	(7,744)	124,299	(71,985)	44,570