C E R Groundworks Limited - Accounts to registrar (filleted) - small 23.1.2
C E R Groundworks Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| C E R Groundworks Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2022 |
| C E R Groundworks Limited (Registered number: 08745166) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2022 |
| Page |
| Company information | 1 |
| Chartered accountants' report | 2 |
| Statement of financial position | 3 |
| Notes to the financial statements | 5 |
| C E R Groundworks Limited |
| Company Information |
| for the Year Ended 31 December 2022 |
| Directors: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| Bank House |
| Broad Street |
| Spalding |
| Lincolnshire |
| PE11 1TB |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| C E R Groundworks Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C E R Groundworks Limited for the year ended 31 December 2022 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of C E R Groundworks Limited, as a body, in accordance with the terms of our engagement letter dated 24 July 2018. Our work has been undertaken solely to prepare for your approval the financial statements of C E R Groundworks Limited and state those matters that we have agreed to state to the Board of Directors of C E R Groundworks Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C E R Groundworks Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that C E R Groundworks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C E R Groundworks Limited. You consider that C E R Groundworks Limited 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 financial statements of C E R Groundworks Limited. 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 financial statements. |
| Bank House |
| Broad Street |
| Spalding |
| Lincolnshire |
| PE11 1TB |
| C E R Groundworks Limited (Registered number: 08745166) |
| Statement of Financial Position |
| 31 December 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 5 |
| Tangible assets | 6 |
| Investment property | 7 |
| Current assets |
| Stocks | 8 |
| Debtors | 9 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 10 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 12 |
| Profit and loss account |
| Shareholders' funds |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| C E R Groundworks Limited (Registered number: 08745166) |
| Statement of Financial Position - continued |
| 31 December 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| C E R Groundworks Limited (Registered number: 08745166) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2022 |
| 1. | Statutory information |
| C E R Groundworks Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Statement of compliance |
| 3. | Accounting policies |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation of investment property measured at fair value through profit or loss. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Buildings | - |
| Plant and machinery | - |
| Office equipment | - |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
| C E R Groundworks Limited (Registered number: 08745166) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2022 |
| 3. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 4. | Employees and directors |
| The average number of employees during the year was |
| 5. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 January 2022 |
| and 31 December 2022 |
| Amortisation |
| At 1 January 2022 |
| Amortisation for year |
| At 31 December 2022 |
| Net book value |
| At 31 December 2022 |
| At 31 December 2021 |
| C E R Groundworks Limited (Registered number: 08745166) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2022 |
| 6. | Tangible fixed assets |
| Plant and | Office | Motor |
| Buildings | machinery | equipment | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 January 2022 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 December 2022 |
| Depreciation |
| At 1 January 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 December 2022 |
| Net book value |
| At 31 December 2022 |
| At 31 December 2021 |
| 7. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 January 2022 |
| Revaluations |
| At 31 December 2022 |
| Net book value |
| At 31 December 2022 |
| At 31 December 2021 |
| Investment properties are included at fair value which has been reviewed by the directors at 31 December 2022. |
| Fair value at 31 December 2022 is represented by: |
| £ |
| Valuation in 2022 | 15,962 |
| Cost | 173,038 |
| 8. | Stocks |
| 2022 | 2021 |
| £ | £ |
| Stocks |
| C E R Groundworks Limited (Registered number: 08745166) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2022 |
| 9. | Debtors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| VAT |
| Prepayments |
| 10. | Creditors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Directors' current accounts |
| Accruals and deferred income |
| 11. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2022 | 2021 |
| £ | £ |
| Within one year |
| Between one and five years |
| 12. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary shares | £1 | 100 | 100 |
| B Ordinary shares | £1 | 5 | 5 |
| C Ordinary shares | £1 | 5 | - |
| 110 | 105 |
| During the year, 5 C Ordinary £1 shares were issued at par. |