Company Registration No. 12470460 (England and Wales)
W GROUNDWORK LTD
Unaudited accounts
for the year ended 29 February 2024
W GROUNDWORK LTD
Unaudited accounts
Contents
W GROUNDWORK LTD
Company Information
for the year ended 29 February 2024
Company Number
12470460 (England and Wales)
Registered Office
11 GRETTON CLOSE
PETERBOROUGH
PE2 7WD
ENGLAND
Accountants
O&D ACCOUNTANCY AND BUSINESS SERVICES LTD
2B Thorpe Crescent
Walthamstow
London
E17 5BY
W GROUNDWORK LTD
Statement of financial position
as at 29 February 2024
Tangible assets
111,419
46,482
Cash at bank and in hand
20,295
13,118
Creditors: amounts falling due within one year
(109,565)
(35,007)
Net current (liabilities)/assets
(53,854)
16,316
Total assets less current liabilities
57,565
62,798
Creditors: amounts falling due after more than one year
(49,691)
(36,193)
Called up share capital
100
100
Profit and loss account
7,774
26,505
Shareholders' funds
7,874
26,605
For the year ending 29 February 2024 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 director acknowledges her 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 and authorised for issue on 29 March 2024 and were signed on its behalf by
Vasile VLAD
Director
Company Registration No. 12470460
W GROUNDWORK LTD
Notes to the Accounts
for the year ended 29 February 2024
W GROUNDWORK LTD is a private company, limited by shares, registered in England and Wales, registration number 12470460. The registered office is 11 GRETTON CLOSE, PETERBOROUGH, PE2 7WD, 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.
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.
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:
Other tangible fixed assets
18%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
70,970
-
70,970
Additions
86,770
8,000
94,770
At 29 February 2024
157,740
8,000
165,740
At 1 March 2023
24,488
-
24,488
Charge for the year
28,393
1,440
29,833
At 29 February 2024
52,881
1,440
54,321
At 29 February 2024
104,859
6,560
111,419
At 28 February 2023
46,482
-
46,482
W GROUNDWORK LTD
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
6,900
31,089
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,815
-
Trade creditors
66,149
15,178
Taxes and social security
-
6,936
Loans from directors
10,649
941
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).