CGM GROUNDWORKS LTD

Unaudited Financial Statements
for the period ended 31 March 2026

Company registration number 16287100

(England and Wales)

Statement of Financial Position

As at 31 March 2026

Notes

2026

Fixed assets

Tangible assets

93,676

Current assets

Stocks

13,500

Debtors

13,847

Cash at bank and in hand

30,032

57,379

Creditors

Amounts falling due within one year

(20,352)

Net current assets (liabilities)

37,027

Total assets less current liabilities

130,703

Creditors

Amounts falling due after one year

(121,974)

Provisions for liabilities

(7,861)

Net assets (liabilities)

868

Capital and reserves

Called up share capital

100

Profit and loss account

768

Total equity

868

The company is a private company limited by shares and registered in England and Wales. It was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 12 May 2026 and are signed on its behalf by:

Croft, James Granville

Director

Company registration number 16287100

Notes to the Financial Statements

For the period 3 March 2025 to 31 March 2026

1. Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling and this is the functional currency of the company.

2. Accounting policies

2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably and the costs incurred and costs to complete the transaction can be measured reliably.

2.3. Pensions

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

2.4. Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the

treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.

2.5. Tangible fixed assets and depreciation

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Rate

Method

Plant and machinery

Reducing balance

Motor vehicles

Reducing balance

2.6. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.7. Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

2.8. Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors,

bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

2.9. Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3. Employees

The average number of employees during the year was 1.

4. Tangible fixed assets

Plant and machinery

Motor vehicles

Total

Cost

Additions

140,352

11,395

151,747

Disposals

(49,995)

At 31 March 2026

90,357

11,395

101,752

Depreciation and impairment

Charge for the period

5,227

2,849

8,076

At 31 March 2026

5,227

2,849

8,076

Net book value

At 31 March 2026

85,130

8,546

93,676

5. Stocks

2026

Raw materials and consumables

500

Work in progress

13,000

Total

13,500

6. Debtors

2026

Trade debtors

750

Other debtors

13,097

Total due within one year

13,847

Total due after one year

Total

13,847

7. Cash at bank and in hand

2026

Cash at bank

30,032

Total

30,032

8. Creditors due within one year

2026

Finance leases and hire purchase due in one year

10,688

Taxation and social security

8,434

Accruals and deferred income

1,230

Total

20,352

9. Creditors due after one year

2026

Directors loan account

89,911

Finance leases and hire purchase due in one year

32,063

Total

121,974

Registered office	The Four Columns Broughton Hall Business Park
	Broughton
	Skipton
	BD23 3AE

Accountant	H & M Ltd
	The Four Columns
	Broughton Hall Business Park
	Skipton
	North Yorkshire
	BD23 3AE