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Registration number: 14504092

JW Groundworks & Plant Hire Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 November 2025

JW Groundworks & Plant Hire Ltd

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Balance Sheet | 5
Statement of Changes in Equity | 6
Notes to the Unaudited Financial Statements | 7 to 12
iXBRL Detailed Profit and Loss Account | 13 to 14

JW Groundworks & Plant Hire Ltd

Company Information

Director | Mr R J Williams

Registered office | Wheal Do Um Farm Trewellard Hill Trewellard Penzance Cornwall TR19 7SS

Accountants | D.J. Reynolds & Co. 15 Alverton Street Penzance Cornwall TR18 2QP

JW Groundworks & Plant Hire Ltd

Director's Report for the Year Ended 30 November 2025

The director presents his report and the financial statements for the year ended 30 November 2025.

Director of the company

The director who held office during the year was as follows:

Mr R J Williams

Principal activity

The principal activity of the company is Groundworks Contractor.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 2 August 2026

......................................... Mr R J Williams Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
JW Groundworks & Plant Hire Ltd
for the Year Ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JW Groundworks & Plant Hire Ltd for the year ended 30 November 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of JW Groundworks & Plant Hire Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of JW Groundworks & Plant Hire Ltd and state those matters that we have agreed to state to the Board of Directors of JW Groundworks & Plant Hire Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JW Groundworks & Plant Hire Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that JW Groundworks & Plant Hire Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JW Groundworks & Plant Hire Ltd. You consider that JW Groundworks & Plant Hire Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of JW Groundworks & Plant Hire Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
D.J. Reynolds & Co.
15 Alverton Street
Penzance
Cornwall
TR18 2QP

3 August 2026

JW Groundworks & Plant Hire Ltd

Profit and Loss Account for the Year Ended 30 November 2025

| Note | 2025 £ | 2024 £
Turnover |  | 235,519 | 257,416
Cost of sales |  | (106,055) | (90,743)
Gross profit |  | 129,464 | 166,673
Administrative expenses |  | (99,001) | (124,338)
Operating profit |  | 30,463 | 42,335
Interest payable and similar expenses |  | (18,201) | (22,717)
Profit before tax | 4 | 12,262 | 19,618
Tax on profit |  | (1,621) | (2,606)
Profit for the financial year |  | 10,641 | 17,012

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

JW Groundworks & Plant Hire Ltd

(Registration number: 14504092)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 162,852 | 159,122
Current assets |  |  |
Debtors | 6 | 39,307 | 54,116
Cash at bank and in hand |  | 5,682 | 16,389
|  | 44,989 | 70,505
Creditors: Amounts falling due within one year | 7 | (70,756) | (60,410)
Net current (liabilities)/assets |  | (25,767) | 10,095
Total assets less current liabilities |  | 137,085 | 169,217
Creditors: Amounts falling due after more than one year | 7 | (134,901) | (136,655)
Net assets |  | 2,184 | 32,562
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 1
Retained earnings |  | 2,182 | 32,561
Shareholders' funds |  | 2,184 | 32,562

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 2 August 2026

......................................... Mr R J Williams Director

JW Groundworks & Plant Hire Ltd

Statement of Changes in Equity for the Year Ended 30 November 2025

| Share capital £ | Retained earnings £ | Total £
At 1 December 2024 | 1 | 32,561 | 32,562
Profit for the year | - | 10,641 | 10,641
Dividends | - | (41,020) | (41,020)
New share capital subscribed | 1 | - | 1
At 30 November 2025 | 2 | 2,182 | 2,184

| Share capital £ | Retained earnings £ | Total £
At 1 December 2023 | 1 | 30,549 | 30,550
Profit for the year | - | 17,012 | 17,012
Dividends | - | (15,000) | (15,000)
At 30 November 2024 | 1 | 32,561 | 32,562

JW Groundworks & Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
Wheal Do Um Farm
Trewellard Hill
Trewellard
Penzance
Cornwall
TR19 7SS

These financial statements were authorised for issue by the director on 2 August 2026.

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.

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 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.

JW Groundworks & Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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 | 15% reducing balance
Motor vehicles | 25% reducing balance
Office equipment | 25% reducng balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

JW Groundworks & Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 the director) during the year, was 5 (2024 - 6).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 29,820 | 34,241

JW Groundworks & Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5 | Tangible assets

| Office equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 December 2024 | 1,345 | 15,000 | 201,034 | 217,379
Additions | - | - | 33,550 | 33,550
At 30 November 2025 | 1,345 | 15,000 | 234,584 | 250,929
Depreciation
At 1 December 2024 | 588 | 6,563 | 51,106 | 58,257
Charge for the year | 189 | 2,109 | 27,522 | 29,820
At 30 November 2025 | 777 | 8,672 | 78,628 | 88,077
Carrying amount
At 30 November 2025 | 568 | 6,328 | 155,956 | 162,852
At 30 November 2024 | 757 | 8,437 | 149,928 | 159,122

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 735 | 1,140
Prepayments | 2,130 | 178
Other debtors | 36,442 | 52,798
| 39,307 | 54,116

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 61,495 | 44,630
Trade creditors |  | 2,291 | 7,590
Taxation and social security |  | 1,605 | 2,606
Accruals and deferred income |  | 1,657 | 1,575
Other creditors |  | 3,708 | 4,009
|  | 70,756 | 60,410

JW Groundworks & Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 134,901 | 136,655

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 1 | 1

9 | Loans and borrowings

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 7,397 | -
Hire purchase contracts | 127,504 | 136,655
| 134,901 | 136,655

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 2,320 | -
Bank overdrafts | 3,295 | 2,918
Hire purchase contracts | 55,880 | 36,693
Other borrowings | - | 5,019
| 61,495 | 44,630

10 | Related party transactions

Transactions with the director

2025 | At 1 December 2024 £ | Advances to director £ | Repayments by director £ | At 30 November 2025 £
Mr R J Williams
Interest free loan, to the Director, repayable on demand. | (51,020) | (31,231) | 73,810 | (8,441)

JW Groundworks & Plant Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

2024 | At 1 December 2023 £ | Advances to director £ | Repayments by director £ | At 30 November 2024 £
Mr R J Williams
Interest free loan, to the Director, repayable on demand. | (14,857) | (69,668) | 33,505 | (51,020)

JW Groundworks & Plant Hire Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 30 November 2025

| 2025 £ | 2024 £
Turnover/revenue | 235,519 | 257,416
Cost of sales |  |
Purchase of raw materials and consumables | (18,014) | (5,830)
Wages and salaries excluding directors | (73,770) | (68,998)
Pension costs defined contribution schemes excluding directors | (1,097) | (631)
Staff costs excluding directors | (74,867) | (69,629)
Salaries and fees, directors | (12,564) | (12,564)
Subcontractor costs | (610) | (2,720)
Gross profit | 129,464 | 166,673
Distribution costs |  |
Administrative expenses |  |
Audit and accountancy other services | (5,030) | (2,667)
Advertising, promotions and marketing costs | (513) | (167)
Client entertaining costs | (233) | -
Utilities costs | (359) | (895)
Other repairs and maintenance costs | (13,820) | (8,426)
Depreciation of Fixed assets | (29,820) | (34,241)
Vehicle costs | (19,054) | (43,403)
Other staff costs | - | (300)
Wages and salaries excluding directors | (11,517) | (7,329)
Travel and subsistence | (1,399) | (880)
Training | (160) | (4,385)
Legal and professional costs | - | (2,280)
Bank charges | (1,837) | (1,119)
Inter-company management fees | - | (4,900)
Insurance costs | (13,297) | (10,974)
IT and computing | (643) | (637)
Telecommunications | (910) | (900)
Printing, postage and stationery | (44) | (145)
Subscriptions | (365) | (585)
Other costs | - | (105)
Other operating income |  |
Other items |  |
Profit on ordinary activities before finance charges and interest | 30,463 | 42,335

JW Groundworks & Plant Hire Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 30 November 2025

| 2025 £ | 2024 £
Interest expense on bank overdraft, bank loans and similar borrowings | - | (469)
Non-bank interest and similar charges | (286) | (1,180)
Interest expense on obligations under finance leases and hire purchase contracts | (17,915) | (21,068)
Profit on ordinary activities before taxation | 12,262 | 19,618
Tax on profit or loss on ordinary activities | (1,621) | (2,606)
Profit for the financial year | 10,641 | 17,012