Registered number
10824865
Ground Up (Bury) Ltd
Filleted Accounts
29 June 2023
Ground Up (Bury) Ltd
Registered number: 10824865
Balance Sheet
as at 29 June 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 6,961 3,999
Cash at bank and in hand 2,267 903
9,228 4,902
Creditors: amounts falling due within one year 4 (3,166) 2,960
Net current assets 6,062 7,862
Net assets 6,062 7,862
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,962 7,762
Shareholder's funds 6,062 7,862
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Menga
Director
Approved by the board on 29 August 2024
Ground Up (Bury) Ltd
Notes to the Accounts
for the year ended 29 June 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 1
3 Debtors 2023 2022
£ £
Chancelink Ltd 2,901 1,739
Melissa Janes Hair Ltd 4,060 2,260
6,961 3,999
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 138 1,284
PAYE 104 -
Accruals 3,235 650
Directors Account (311) (4,894)
3,166 (2,960)
5 Other information
Ground Up (Bury) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Bolton Street
Bury
Lancashire
BL9 0EY
Ground Up (Bury) Ltd 10824865 false 2022-06-30 2023-06-29 2023-06-29 VT Final Accounts April 2024 M Menga No description of principal activity 10824865 2021-06-30 2022-06-29 10824865 core:WithinOneYear 2022-06-29 10824865 core:ShareCapital 2022-06-29 10824865 core:RetainedEarningsAccumulatedLosses 2022-06-29 10824865 2022-06-30 2023-06-29 10824865 bus:PrivateLimitedCompanyLtd 2022-06-30 2023-06-29 10824865 bus:AuditExemptWithAccountantsReport 2022-06-30 2023-06-29 10824865 bus:Director40 2022-06-30 2023-06-29 10824865 1 2022-06-30 2023-06-29 10824865 2 2022-06-30 2023-06-29 10824865 countries:England 2022-06-30 2023-06-29 10824865 bus:FRS102 2022-06-30 2023-06-29 10824865 bus:FilletedAccounts 2022-06-30 2023-06-29 10824865 2023-06-29 10824865 core:WithinOneYear 2023-06-29 10824865 core:ShareCapital 2023-06-29 10824865 core:RetainedEarningsAccumulatedLosses 2023-06-29 10824865 2022-06-29 iso4217:GBP xbrli:pure