Ground Contamination Limited 13815456 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is remediation activites and other waste management services. Digita Accounts Production Advanced 6.30.9574.0 true true 13815456 2022-12-01 2023-11-30 13815456 2023-11-30 13815456 bus:OrdinaryShareClass1 2023-11-30 13815456 core:CurrentFinancialInstruments 2023-11-30 13815456 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 13815456 core:MotorVehicles 2023-11-30 13815456 bus:SmallEntities 2022-12-01 2023-11-30 13815456 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13815456 bus:FilletedAccounts 2022-12-01 2023-11-30 13815456 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13815456 bus:RegisteredOffice 2022-12-01 2023-11-30 13815456 bus:Director2 2022-12-01 2023-11-30 13815456 bus:Director3 2022-12-01 2023-11-30 13815456 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 13815456 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13815456 core:MotorVehicles 2022-12-01 2023-11-30 13815456 core:VehiclesPlantMachinery 2022-12-01 2023-11-30 13815456 core:AllSubsidiaries 2022-12-01 2023-11-30 13815456 1 2022-12-01 2023-11-30 13815456 countries:England 2022-12-01 2023-11-30 13815456 2021-12-23 2022-11-30 13815456 2022-11-30 13815456 bus:OrdinaryShareClass1 2022-11-30 13815456 core:CurrentFinancialInstruments 2022-11-30 13815456 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13815456

Ground Contamination Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Ground Contamination Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Ground Contamination Limited

Company Information

Directors

B Lindley

J D Stangroom

Registered office

Unit A7 The Arena
9 Nimrod Way
Ferndown
Wimborne
Dorset
BH21 7UH

Accountants

Elysium
Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

 

Ground Contamination Limited

(Registration number: 13815456)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

11,610

-

Current assets

 

Debtors

5

81,412

1

Creditors: Amounts falling due within one year

6

(29,340)

-

Net current assets

 

52,072

1

Net assets

 

63,682

1

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

63,681

-

Shareholders' funds

 

63,682

1

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 August 2024 and signed on its behalf by:
 

.........................................
B Lindley
Director

.........................................
J D Stangroom
Director

 

Ground Contamination Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit A7 The Arena
9 Nimrod Way
Ferndown
Wimborne
Dorset
BH21 7UH

These financial statements were authorised for issue by the Board on 1 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ground Contamination Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

Straight line over 5 years

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 2).

 

Ground Contamination Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

13,500

13,500

At 30 November 2023

13,500

13,500

Depreciation

Charge for the year

1,890

1,890

At 30 November 2023

1,890

1,890

Carrying amount

At 30 November 2023

11,610

11,610

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8

80,521

1

Prepayments

 

891

-

   

81,412

1

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts owed to group undertakings and undertakings in which the company has a participating interest

25

-

Taxation and social security

28,415

-

Accruals and deferred income

900

-

29,340

-

7

Share capital

Allotted, called up and fully paid shares

 

Ground Contamination Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Related party transactions

Summary of transactions with subsidiaries

During the year, inter-company transactions resulted in a balance of £80,520 (2022: £Nil) being due to the company by a fellow subsidiary, Japanese Knotweed Limited, at the year-end.
 

9

Parent and ultimate parent undertaking

The company's immediate parent and ultimate controlling party is Environmental Controls Group Limited , a company incorporated in England.