IRIS Accounts Production v24.1.0.578 09679190 director 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096791902022-07-31096791902023-07-31096791902022-08-012023-07-31096791902021-07-31096791902021-08-012022-07-31096791902022-07-3109679190ns15:EnglandWales2022-08-012023-07-3109679190ns14:PoundSterling2022-08-012023-07-3109679190ns10:Director12022-08-012023-07-3109679190ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3109679190ns10:SmallEntities2022-08-012023-07-3109679190ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3109679190ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3109679190ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3109679190ns10:FullAccounts2022-08-012023-07-3109679190ns10:OrdinaryShareClass12022-08-012023-07-3109679190ns10:RegisteredOffice2022-08-012023-07-3109679190ns5:CurrentFinancialInstruments2023-07-3109679190ns5:CurrentFinancialInstruments2022-07-3109679190ns5:ShareCapital2023-07-3109679190ns5:ShareCapital2022-07-3109679190ns5:RetainedEarningsAccumulatedLosses2023-07-3109679190ns5:RetainedEarningsAccumulatedLosses2022-07-3109679190ns5:PlantMachinery2022-08-012023-07-3109679190ns5:MotorVehicles2022-08-012023-07-3109679190ns5:ComputerEquipment2022-08-012023-07-3109679190ns5:PlantMachinery2022-07-3109679190ns5:MotorVehicles2022-07-3109679190ns5:ComputerEquipment2022-07-3109679190ns5:PlantMachinery2023-07-3109679190ns5:MotorVehicles2023-07-3109679190ns5:ComputerEquipment2023-07-3109679190ns5:PlantMachinery2022-07-3109679190ns5:MotorVehicles2022-07-3109679190ns5:ComputerEquipment2022-07-3109679190ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3109679190ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3109679190ns10:OrdinaryShareClass12023-07-3109679190ns5:RetainedEarningsAccumulatedLosses2022-07-3109679190ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 09679190 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Ground Torque Limited

Ground Torque Limited (Registered number: 09679190)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ground Torque Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: L J Gatley





REGISTERED OFFICE: 59 David Street
Castle
Northwich
Cheshire
CW8 1HE





REGISTERED NUMBER: 09679190 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

Ground Torque Limited (Registered number: 09679190)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,802 70,526

CURRENT ASSETS
Debtors 5 6,335 1,472
Cash at bank 15,979 27,838
22,314 29,310
CREDITORS
Amounts falling due within one year 6 83,336 89,775
NET CURRENT LIABILITIES (61,022 ) (60,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,780

10,061

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 12,778 10,059
SHAREHOLDERS' FUNDS 12,780 10,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 January 2024 and were signed by:





L J Gatley - Director


Ground Torque Limited (Registered number: 09679190)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Ground Torque Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Ground Torque Limited (Registered number: 09679190)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 70,331 116,995 317 187,643
Additions 275 22,950 - 23,225
Disposals - (17,000 ) - (17,000 )
At 31 July 2023 70,606 122,945 317 193,868
DEPRECIATION
At 1 August 2022 42,011 74,865 241 117,117
Charge for year 4,289 16,480 19 20,788
Eliminated on disposal - (17,839 ) - (17,839 )
At 31 July 2023 46,300 73,506 260 120,066
NET BOOK VALUE
At 31 July 2023 24,306 49,439 57 73,802
At 31 July 2022 28,320 42,130 76 70,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 4,889 1,232
VAT 1,446 -
Prepayments - 240
6,335 1,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 34 1,104
Tax 2,544 4,234
VAT - 3,796
Directors' current accounts 79,843 79,841
Accrued expenses 915 800
83,336 89,775

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary 1 2 2

Ground Torque Limited (Registered number: 09679190)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. RESERVES
Retained
earnings
£   

At 1 August 2022 10,059
Profit for the year 14,119
Dividends (11,400 )
At 31 July 2023 12,778