REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 12 June 2023 to 30 June 2024 |
for |
Groundwork Apps Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 12 June 2023 to 30 June 2024 |
for |
Groundwork Apps Ltd |
Groundwork Apps Ltd (Registered number: 14928404) |
Contents of the Financial Statements |
for the Period 12 June 2023 to 30 June 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Groundwork Apps Ltd |
Company Information |
for the Period 12 June 2023 to 30 June 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Windsor House |
Cornwall Road |
Harrogate |
HG1 2PW |
Groundwork Apps Ltd (Registered number: 14928404) |
Abridged Balance Sheet |
30 June 2024 |
Notes | £ |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 |
Groundwork Apps Ltd (Registered number: 14928404) |
Notes to the Financial Statements |
for the Period 12 June 2023 to 30 June 2024 |
1. | STATUTORY INFORMATION |
Groundwork Apps Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the period 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 period 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. |
Going concern |
At the balance sheet date, the company's liabilities exceed its assets. The company has received assurance from the directors that the company has adequate resources to continue in operational existence for twelve months from the date of approval of these financial statements. On this basis, the director considers it appropriate to prepare accounts on a going concern basis. |
However, should financial support mentioned above not be forthcoming, the going concern basis used in preparing the company accounts may be invalid and adjustment would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Groundwork Apps Ltd (Registered number: 14928404) |
Notes to the Financial Statements - continued |
for the Period 12 June 2023 to 30 June 2024 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1 | 1 |
5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 30 June 2024: |
£ |
Balance outstanding at start of period |
Amounts advanced | ( |
) |
Amounts repaid |
Amounts written off | - |
Amounts waived | - |
Balance outstanding at end of period | ( |
) |
The Director loan of £312 is money advanced to the Company by the Director as at 30 June 2024. The loan is unsecured and interest-free. The loan is repayable on demand. |
6. | RELATED PARTY DISCLOSURES |
Loans of £15,990 were advanced to the Company by Stone Bear Ltd. Mr P Battisson is a common director of both companies. The loan is interest free. |
7. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |