Company No: 15014412 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Intangible assets	3	32,292		44,792
Tangible assets	4	344,591		357,915
		376,883		402,707
Current assets
Stocks	5	1,717,896		1,351,764
Debtors	6	501,712		611,636
Cash at bank and in hand		73,570		9,830
		2,293,178		1,973,230
Creditors: amounts falling due within one year	7	( 2,189,003)		( 1,974,240)
Net current assets/(liabilities)		104,175		(1,010)
Total assets less current liabilities		481,058		401,697
Creditors: amounts falling due after more than one year	8	( 148,421)		( 213,500)
Provision for liabilities		( 67,060)		( 47,524)
Net assets		265,577		140,673
Capital and reserves
Called-up share capital		100		100
Profit and loss account		265,477		140,573
Total shareholders' funds		265,577		140,673

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of ABA Groundcare (SW) Limited (registered number: 15014412) were approved and authorised for issue by the Board of Directors on 13 January 2026. They were signed on its behalf by:

Mrs R V Hutchings Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

ABA Groundcare (SW) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Grove Trading Estate, Dorchester, DT1 1ST, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

4 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Computer equipment	4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Year ended 31.03.2025		Period from 19.07.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	25		17

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 April 2024	50,000		50,000
At 31 March 2025	50,000		50,000
Accumulated amortisation
At 01 April 2024	5,208		5,208
Charge for the financial year	12,500		12,500
At 31 March 2025	17,708		17,708
Net book value
At 31 March 2025	32,292		32,292
At 31 March 2024	44,792		44,792

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	0		2,850		386,056		9,888		398,794
Additions	2,650		15,940		67,470		0		86,060
Disposals	0		0		( 29,599)		0		( 29,599)
At 31 March 2025	2,650		18,790		423,927		9,888		455,255
Accumulated depreciation
At 01 April 2024	0		95		40,578		206		40,879
Charge for the financial year	0		1,342		69,918		2,472		73,732
Disposals	0		0		( 3,947)		0		( 3,947)
At 31 March 2025	0		1,437		106,549		2,678		110,664
Net book value
At 31 March 2025	2,650		17,353		317,378		7,210		344,591
At 31 March 2024	0		2,755		345,478		9,682		357,915

Included within the net book value of Vehicles is £49,020 (2024 – £66,648) relating to assets held under hire purchase agreements.

5. Stocks

	31.03.2025		31.03.2024
	£		£
Stocks	1,717,896		1,351,764

6. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	207,809		474,186
Other debtors	293,903		137,450
	501,712		611,636

7. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Bank loans and overdrafts	10,000		30,798
Trade creditors	1,442,661		1,275,934
Taxation and social security	29,373		64,428
Obligations under finance leases and hire purchase contracts	99,349		97,474
Other creditors	607,620		505,606
	2,189,003		1,974,240

The directors loan account balances included within other creditors are interest-free and repayable on demand .

8. Creditors: amounts falling due after more than one year

	31.03.2025		31.03.2024
	£		£
Bank loans	2,500		15,600
Obligations under finance leases and hire purchase contracts	145,921		197,900
	148,421		213,500

9. Financial commitments

Commitments

Capital commitments are as follows:

	31.03.2025		31.03.2024
	£		£
Contracted for but not provided for:
Other	8,333		33,333

Other financial commitments

	31.03.2025		31.03.2024
	£		£
Commitments in respect of Hire Purchase Agreements	245,270		295,374
Commitments in respect of other loans	12,500		22,500
	257,770		317,874

The commitments in respect of hire purchase agreements are secured against the assets to which they relate.

The commitments in respect of other loans relate to a Government backed loan.

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	31.03.2025		31.03.2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	2,960		2,201