Company Registration No. 10960311 (England and Wales)
GROUND CONDITION CONSULTANTS LTD
Unaudited accounts
for the year ended 31 August 2023
GROUND CONDITION CONSULTANTS LTD
Unaudited accounts
Contents
GROUND CONDITION CONSULTANTS LTD
Company Information
for the year ended 31 August 2023
Directors
Antony Platt
Rasmus Palmgren
David Pethica
Company Number
10960311 (England and Wales)
Registered Office
10 WALDEGRAVE CLOSE
SOUTHAMPTON
HAMPSHIRE
SO19 9RY
UNITED KINGDOM
Accountants
Michels and Co
Nea Cottage West
Somerley
RINGWOOD
Hampshire
BH24 3PL
GROUND CONDITION CONSULTANTS LTD
Statement of financial position
as at 31 August 2023
Tangible assets
1,965
1,407
Cash at bank and in hand
199,583
93,561
Creditors: amounts falling due within one year
(156,957)
(47,844)
Net current assets
102,554
65,901
Called up share capital
700
400
Profit and loss account
103,819
66,908
Shareholders' funds
104,519
67,308
For the year ending 31 August 2023 the company 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 accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by
Rasmus Palmgren
Director
Company Registration No. 10960311
GROUND CONDITION CONSULTANTS LTD
Notes to the Accounts
for the year ended 31 August 2023
GROUND CONDITION CONSULTANTS LTD is a private company, limited by shares, registered in England and Wales, registration number 10960311. The registered office is 10 WALDEGRAVE CLOSE, SOUTHAMPTON, HAMPSHIRE, SO19 9RY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
GROUND CONDITION CONSULTANTS LTD
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
5,810
1,824
-
7,634
At 31 August 2023
5,810
2,378
658
8,846
At 1 September 2022
4,403
1,824
-
6,227
Charge for the year
352
138
164
654
At 31 August 2023
4,755
1,962
164
6,881
At 31 August 2023
1,055
416
494
1,965
At 31 August 2022
1,407
-
-
1,407
Amounts falling due within one year
Trade debtors
59,928
20,184
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
61,682
18,832
Taxes and social security
49,107
18,954
Loans from directors
4,123
4,610
7
Average number of employees
During the year the average number of employees was 3 (2022: 4).