365 GROUNDWORK LTD

Company Registration Number:
11835997 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

365 GROUNDWORK LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Notes

365 GROUNDWORK LTD

Balance sheet

As at 29 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 301,863 152,877
Total fixed assets: 301,863 152,877
Current assets
Stocks: 20,000
Debtors:   351,052 13,224
Cash at bank and in hand: 80,164 8,190
Total current assets: 451,216 21,414
Creditors: amounts falling due within one year:   (403,715) (42,801)
Net current assets (liabilities): 47,501 (21,387)
Total assets less current liabilities: 349,364 131,490
Creditors: amounts falling due after more than one year:   (16,666) (23,333)
Total net assets (liabilities): 332,698 108,157
Capital and reserves
Called up share capital: 30,000 100
Profit and loss account: 302,698 108,057
Shareholders funds: 332,698 108,157

The notes form part of these financial statements

365 GROUNDWORK LTD

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 June 2024
and signed on behalf of the board by:

Name: D Paonessa
Status: Director

The notes form part of these financial statements

365 GROUNDWORK LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

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 15% straight line

365 GROUNDWORK LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

2. Employees

2024 2023
Average number of employees during the period 4 2

365 GROUNDWORK LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 164,710
Additions 173,453
At 29 February 2024 338,163
Depreciation
At 01 March 2023 11,833
Charge for year 24,467
At 29 February 2024 36,300
Net book value
At 29 February 2024 301,863
At 28 February 2023 152,877