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REGISTERED NUMBER: 12333056 (England and Wales)










Astounding Grounds Ltd

Unaudited Financial Statements

for the Year Ended 28 November 2023






Astounding Grounds Ltd (Registered number: 12333056)






Contents of the Financial Statements
for the Year Ended 28 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Astounding Grounds Ltd

Company Information
for the Year Ended 28 November 2023







DIRECTOR: Mr Matthew Wilson





SECRETARY: Mr Hannah Elizabeth Wilson





REGISTERED OFFICE: 70 Kingslea Road
Manchester
Lancashire
M20 4UA





REGISTERED NUMBER: 12333056 (England and Wales)






Astounding Grounds Ltd (Registered number: 12333056)

Balance Sheet
28 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 5,196 6,062
Tangible assets 6 49,363 49,199
54,559 55,261

CURRENT ASSETS
Cash at bank 19,892 16,160

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

(55,184

)

(53,583

)
NET CURRENT LIABILITIES (35,292 ) (37,423 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,267

17,838

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(2,365

)

(7,204

)
NET ASSETS 16,902 10,634

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,802 10,534
SHAREHOLDERS' FUNDS 16,902 10,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 November 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.

Astounding Grounds Ltd (Registered number: 12333056)

Balance Sheet - continued
28 November 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Mr Matthew Wilson - Director


Astounding Grounds Ltd (Registered number: 12333056)

Notes to the Financial Statements
for the Year Ended 28 November 2023

1. GENERAL INFORMATION

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

The address of its registered office is:
70 Kingslea Road
Withington
Manchester
M20 4UA

These financial statements were authorised for issue by the director.

2. 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).

3. ACCOUNTING POLICIES

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.

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.

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.

AMORTISATION
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class Amortisation method and rate
Goodwill 10% Straight Line Method

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 Vehicle 15% Reducing balance Method
Plant & Machinery 15% Reducing balance Method



Astounding Grounds Ltd (Registered number: 12333056)

Notes to the Financial Statements - continued
for the Year Ended 28 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.

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.

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.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

Astounding Grounds Ltd (Registered number: 12333056)

Notes to the Financial Statements - continued
for the Year Ended 28 November 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 November 2022
and 28 November 2023 8,660
AMORTISATION
At 29 November 2022 2,598
Charge for year 866
At 28 November 2023 3,464
NET BOOK VALUE
At 28 November 2023 5,196
At 28 November 2022 6,062

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 29 November 2022 15,465 41,409 56,874
Additions 8,500 - 8,500
At 28 November 2023 23,965 41,409 65,374
DEPRECIATION
At 29 November 2022 4,052 3,623 7,675
Charge for year 2,668 5,668 8,336
At 28 November 2023 6,720 9,291 16,011
NET BOOK VALUE
At 28 November 2023 17,245 32,118 49,363
At 28 November 2022 11,413 37,786 49,199

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,499 5,499
Trade creditors 501 500
Taxation and social security 34,978 32,950
Other creditors 14,206 14,634
55,184 53,583

Astounding Grounds Ltd (Registered number: 12333056)

Notes to the Financial Statements - continued
for the Year Ended 28 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 2,365 7,204