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Company No: 04478669 (England and Wales)

# RBS GROUNDWORKS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

RBS GROUNDWORKS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

RBS GROUNDWORKS LIMITED

## BALANCE SHEET

As at 31 July 2025
RBS GROUNDWORKS LIMITED

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 165,715 |  | 214,595
|  | 165,715 |  | 214,595
Current assets |  |  |  |
Stocks | 4 | 201,898 |  | 286,336
Debtors | 5 | 253,972 |  | 256,813
Cash at bank and in hand |  | 646,114 |  | 670,982
|  | 1,101,984 |  | 1,214,131
Creditors: amounts falling due within one year | 6 | ( 334,907) |  | ( 369,342)
Net current assets |  | 767,077 |  | 844,789
Total assets less current liabilities |  | 932,792 |  | 1,059,384
Creditors: amounts falling due after more than one year |  | ( 5,539) |  | ( 10,286)
Provision for liabilities | 7 | ( 31,786) |  | ( 43,814)
Net assets |  | 895,467 |  | 1,005,284
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Profit and loss account |  | 895,465 |  | 1,005,282
Total shareholders' funds |  | 895,467 |  | 1,005,284

For the financial year ending 31 July 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 RBS Groundworks Limited (registered number: 04478669) were approved and authorised for issue by the Board of Directors on 18 February 2026. They were signed on its behalf by:

Kim Paula Brice-Smith Director |

RBS GROUNDWORKS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
RBS GROUNDWORKS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 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 year, unless otherwise stated.

##### General information and basis of accounting

RBS Groundworks 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 Fair View Farm, Allet, Truro, TR4 9DW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

##### 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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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, reducing balance] basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery | 0 - 25 % reducing balance
Vehicles | 0 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### 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.

##### 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

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 32 |  | 32

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 August 2024 | 23,745 |  | 485,663 |  | 106,013 |  | 615,421
At 31 July 2025 | 23,745 |  | 485,663 |  | 106,013 |  | 615,421
Accumulated depreciation |  |  |  |  |  |  |
At 01 August 2024 | 0 |  | 344,835 |  | 55,991 |  | 400,826
Charge for the financial year | 0 |  | 35,213 |  | 13,667 |  | 48,880
At 31 July 2025 | 0 |  | 380,048 |  | 69,658 |  | 449,706
Net book value |  |  |  |  |  |  |
At 31 July 2025 | 23,745 |  | 105,615 |  | 36,355 |  | 165,715
At 31 July 2024 | 23,745 |  | 140,828 |  | 50,022 |  | 214,595

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 48,177 |  | 50,197
Work in progress | 153,721 |  | 236,139
| 201,898 |  | 286,336

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 216,842 |  | 240,932
Other debtors | 37,130 |  | 15,881
| 253,972 |  | 256,813

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 128,884 |  | 122,536
Taxation and social security | 58,107 |  | 72,545
Obligations under finance leases and hire purchase contracts | 4,748 |  | 22,121
Other creditors | 143,168 |  | 152,140
| 334,907 |  | 369,342

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 31,786 |  | 43,814

#### 8. Financial commitments

Other financial commitments

| 2025 |  | 2024
| £ |  | £
The total amount of financial commitments not included in the balance sheet is | 350,000 |  | 0

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
The directors are owed £58,387 by the company. | 58,387 |  | 40,290