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REGISTERED NUMBER: 06470958 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

GROUND CONTROL MARQUEES LIMITED

GROUND CONTROL MARQUEES LIMITED (REGISTERED NUMBER: 06470958)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROUND CONTROL MARQUEES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: B L Mayhew





SECRETARY: H Mayhew





REGISTERED OFFICE: 12 Mill Way
Billingshurst
West Sussex
RH14 9LB





REGISTERED NUMBER: 06470958 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

GROUND CONTROL MARQUEES LIMITED (REGISTERED NUMBER: 06470958)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,841 45,890
43,841 45,890

CURRENT ASSETS
Debtors 6 7,348 25,517
Cash at bank 88,747 38,959
96,095 64,476
CREDITORS
Amounts falling due within one year 7 31,511 25,007
NET CURRENT ASSETS 64,584 39,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,425

85,359

CREDITORS
Amounts falling due after more than one
year

8

(17,189

)

(50,000

)

PROVISIONS FOR LIABILITIES 9 (8,330 ) (8,719 )
NET ASSETS 82,906 26,640

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,806 26,540
SHAREHOLDERS' FUNDS 82,906 26,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GROUND CONTROL MARQUEES LIMITED (REGISTERED NUMBER: 06470958)

BALANCE SHEET - continued
31 DECEMBER 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2022 and were signed by:





B L Mayhew - Director


GROUND CONTROL MARQUEES LIMITED (REGISTERED NUMBER: 06470958)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Goodwill, being the amount paid in connection with the acquisition of the business in 2008, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and equipment- 20% on reducing balance
Fixtures & fittings- 20% on reducing balance
Motor vehicles- 25% on cost
Office equipment- 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

GROUND CONTROL MARQUEES LIMITED (REGISTERED NUMBER: 06470958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 15,000
AMORTISATION
At 1 January 2021
and 31 December 2021 15,000
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Office
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 154,290 14,874 28,432 6,878 204,474
Additions 2,480 - 7,000 3,288 12,768
At 31 December 2021 156,770 14,874 35,432 10,166 217,242
DEPRECIATION
At 1 January 2021 120,117 11,171 21,060 6,236 158,584
Charge for year 7,331 740 5,436 1,310 14,817
At 31 December 2021 127,448 11,911 26,496 7,546 173,401
NET BOOK VALUE
At 31 December 2021 29,322 2,963 8,936 2,620 43,841
At 31 December 2020 34,173 3,703 7,372 642 45,890

GROUND CONTROL MARQUEES LIMITED (REGISTERED NUMBER: 06470958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 7,348 600
Other debtors - 24,917
7,348 25,517

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 4,894 9,070
Trade creditors 1,687 301
Taxation and social security 23,429 6,201
Other creditors 1,501 9,435
31,511 25,007

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 17,189 50,000

9. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax
Accelerated capital allowances 8,330 8,719

Deferred
tax
£   
Balance at 1 January 2021 8,719
Movement in year (389 )
Balance at 31 December 2021 8,330