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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
Page
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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
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GROUND CONDITION CONSULTANTS LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,965 
1,407 
Current assets
Debtors
59,928 
20,184 
Cash at bank and in hand
199,583 
93,561 
259,511 
113,745 
Creditors: amounts falling due within one year
(156,957)
(47,844)
Net current assets
102,554 
65,901 
Net assets
104,519 
67,308 
Capital and reserves
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
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GROUND CONDITION CONSULTANTS LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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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 
Additions
- 
554 
658 
1,212 
At 31 August 2023
5,810 
2,378 
658 
8,846 
Depreciation
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 
Net book value
At 31 August 2023
1,055 
416 
494 
1,965 
At 31 August 2022
1,407 
- 
- 
1,407 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
59,928 
20,184 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,905 
5,448 
Trade creditors
61,682 
18,832 
Taxes and social security
49,107 
18,954 
Other creditors
34,140 
- 
Loans from directors
4,123 
4,610 
156,957 
47,844 
7
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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