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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
Page
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W GROUNDWORK LTD Company Information for the year ended 29 February 2024
Director
Vasile VLAD
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
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W GROUNDWORK LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
111,419 
46,482 
Current assets
Debtors
35,416 
38,205 
Cash at bank and in hand
20,295 
13,118 
55,711 
51,323 
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)
Net assets
7,874 
26,605 
Capital and reserves
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
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W GROUNDWORK LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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
18%
Motor vehicles
18%
Fixtures & fittings
18%
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 
Depreciation
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 
Net book value
At 29 February 2024
104,859 
6,560 
111,419 
At 28 February 2023
46,482 
- 
46,482 
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W GROUNDWORK LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,660 
5,216 
Trade debtors
6,900 
31,089 
Other debtors
4,900 
1,900 
17,460 
38,205 
Amounts falling due after more than one year
Trade debtors
17,956 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,815 
- 
VAT
11,952 
11,952 
Trade creditors
66,149 
15,178 
Taxes and social security
- 
6,936 
Loans from directors
10,649 
941 
109,565 
35,007 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
49,691 
36,193 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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