J.L.C. GROUNDWORKS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -43.4%

  £12,869,911 → £7,283,551

  lowest in 4 filed years

• Cash

  -93.6%

  £3,247,498 → £207,378

  lowest in 5 filed years

• Net assets

  +2.7%

  £5,859,679 → £6,019,975

  highest in 5 filed years

• Employees

  -9.8%

  51 → 46

  lowest in 5 filed years

• Operating profit

  -94.4%

  £2,287,748 → £127,738

  lowest in 4 filed years

• Profit before tax

  -90.8%

  £2,364,979 → £217,915

  lowest in 5 filed years

• Wages

  -15.3%

  £1,979,501 → £1,676,231

  lowest in 5 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have every expectation that the company will continue in operational existence for the foreseeable future. Revenues fell during the year under report owing to the dampening of demand within the residential development sector, to which a significant number of the company's current jobs pertain. Activity increased towards the end of the financial year under report and this has continued subsequent to the balance sheet date. The company is not dependent on any single developer or individual site and carry out work in other areas, to naturally reduce the associated risk of a long term decline in the residential market. The directors note that significant cash balances are available across the entity and its parent company, but have referred to prudent work in hand forecasts, which indicate sufficient funds are in place to meet all liabilities as they are projected to fall due for payment over the next twelve months, leading them to the conclusion that there are no material uncertainties over adopting the going concern basis at the time of signing the financial statements.”

Significant events

• “The directors are pleased to report the Company's results despite a challenging year of trade. In the first half of the year, the company experienced a significant tightening in the regional residential development market, its dominant income stream.”
• “Against this backdrop the financial results are considered a success with a profit still reported, despite operating profits falling to £127,737 (2023: £2,287,748) and turnover reducing to £7,283,550 (2023: £12,869,911).”
• “significant levels of surplus cash were transferred to its parent company where liquid resources have been pooled to generate a greater rate of return.”
• “Finally the company reported increased net assets at the balance sheet date of £6,019,975 (2023: £5,859,679), ensuring the it retains sufficient ability to fund its working capital.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.