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Company Registration No. 12552700 (England and Wales)
Ground Support Labs Ltd Unaudited accounts for the year ended 31 December 2023
Ground Support Labs Ltd Unaudited accounts Contents
Page
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Ground Support Labs Ltd Company Information for the year ended 31 December 2023
Directors
Martyn Barnett Shivam Vinay Parikh
Company Number
12552700 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET FIRST FLOOR LONDON W1W 7LT ENGLAND
Accountants
JJM Accountants UK 5 London Hill Rayleigh Essex SS6 7HW
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Ground Support Labs Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
465 
- 
Debtors
84,972 
54,497 
Cash at bank and in hand
7,900 
456 
93,337 
54,953 
Creditors: amounts falling due within one year
(92,885)
(54,101)
Net current assets
452 
852 
Net assets
452 
852 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
451 
851 
Shareholders' funds
452 
852 
For the year ending 31 December 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 1 March 2024 and were signed on its behalf by
Martyn Barnett Director Company Registration No. 12552700
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Ground Support Labs Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Ground Support Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 12552700. The registered office is 85 GREAT PORTLAND STREET, FIRST FLOOR, LONDON, W1W 7LT, ENGLAND.
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,601 
54,497 
Amounts due from group undertakings etc.
44,406 
- 
Accrued income and prepayments
2,965 
- 
84,972 
54,497 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,956 
78 
VAT
233 
5,536 
Trade creditors
807 
3,055 
Amounts owed to group undertakings and other participating interests
- 
9,419 
Taxes and social security
5,310 
4,929 
Other creditors
4,292 
9,061 
Accruals
500 
350 
Deferred income
75,787 
21,673 
92,885 
54,101 
6
Controlling party
The company is controlled by Ground Support Labs LLC by virtue of a major shareholding. The ultimate controlling party is S V Parikh.
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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