Company Registration No. 12374244 (England and Wales)
GroundZero AV Limited
Unaudited accounts
for the year ended 31 December 2023
GroundZero AV Limited
Unaudited accounts
Contents
GroundZero AV Limited
Company Information
for the year ended 31 December 2023
Company Number
12374244 (England and Wales)
Registered Office
3 Northpoint Business Estate
Enterprise Close
Medway City Estate Rochester
Kent
ME2 4LX
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
GroundZero AV Limited
Statement of financial position
as at 31 December 2023
Tangible assets
58,208
4,384
Cash at bank and in hand
182,985
108,750
Creditors: amounts falling due within one year
(130,160)
(146,183)
Net current assets
149,606
108,783
Total assets less current liabilities
207,814
113,167
Creditors: amounts falling due after more than one year
(15,461)
-
Net assets
192,353
113,167
Called up share capital
100
1
Profit and loss account
192,253
113,166
Shareholders' funds
192,353
113,167
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2024 and were signed on its behalf by
Trevor Davies
Director
Company Registration No. 12374244
GroundZero AV Limited
Notes to the Accounts
for the year ended 31 December 2023
GroundZero AV Limited is a private company, limited by shares, registered in England and Wales, registration number 12374244. The registered office is 3 Northpoint Business Estate, Enterprise Close, Medway City Estate Rochester, Kent, ME2 4LX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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
25% reduced value
Fixtures & fittings
25% reduced value
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
GroundZero AV Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
4,471
-
1,713
6,184
Additions
45,668
26,500
1,058
73,226
At 31 December 2023
50,139
26,500
2,771
79,410
At 1 January 2023
1,118
-
682
1,800
Charge for the year
12,255
6,625
522
19,402
At 31 December 2023
13,373
6,625
1,204
21,202
At 31 December 2023
36,766
19,875
1,567
58,208
At 31 December 2022
3,353
-
1,031
4,384
Amounts falling due within one year
Trade debtors
91,464
143,082
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,951
667
Obligations under finance leases and hire purchase contracts
6,233
-
Trade creditors
19,550
43,685
Taxes and social security
47,218
31,850
Loans from directors
-
859
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
15,461
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
1
Shares issued during the period:
99 Ordinary shares of £1 each
99
GroundZero AV Limited
Notes to the Accounts
for the year ended 31 December 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan
(859)
6,176
-
5,317
10
Average number of employees
During the year the average number of employees was 7 (2022: 6).