Company Registration No. 11917458 (England and Wales)
Ground Wave Groundworks Ltd
Unaudited accounts
for the year ended 31 March 2024
Ground Wave Groundworks Ltd
Unaudited accounts
Contents
Ground Wave Groundworks Ltd
Company Information
for the year ended 31 March 2024
Director
Oliver Sam Jonathan Lingham-Davis
Company Number
11917458 (England and Wales)
Registered Office
Mondays House
Farm Road
Chichester
PO20 8JT
England
Accountants
Reflective Accounting Ltd
12 Penny Lane
Emsworth
Hampshire
PO10 8HE
Ground Wave Groundworks Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
49,047
57,377
Cash at bank and in hand
16,183
25,751
Creditors: amounts falling due within one year
(68,367)
(45,558)
Net current (liabilities)/assets
(18,562)
19,023
Total assets less current liabilities
30,485
76,400
Creditors: amounts falling due after more than one year
(30,023)
(45,863)
Called up share capital
50
50
Profit and loss account
412
30,487
Shareholders' funds
462
30,537
For the year ending 31 March 2024 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 17 May 2024 and were signed on its behalf by
Oliver Sam Jonathan Lingham-Davis
Director
Company Registration No. 11917458
Ground Wave Groundworks Ltd
Notes to the Accounts
for the year ended 31 March 2024
Ground Wave Groundworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 11917458. The registered office is Mondays House, Farm Road, Chichester, PO20 8JT, England.
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% Reducing Balance
Motor vehicles
25% Reducing Balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
47,276
57,410
104,686
Additions
3,019
5,000
8,019
At 31 March 2024
50,295
62,410
112,705
At 1 April 2023
21,297
26,012
47,309
Charge for the year
7,249
9,100
16,349
At 31 March 2024
28,546
35,112
63,658
At 31 March 2024
21,749
27,298
49,047
At 31 March 2023
25,979
31,398
57,377
Ground Wave Groundworks Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
13,254
24,761
Accrued income and prepayments
-
163
Other debtors
11,047
17,889
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
5,840
8,128
Trade creditors
28,030
16,380
Taxes and social security
13,055
7,364
Other creditors
10,867
2,249
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
16,690
22,530
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Average number of employees
During the year the average number of employees was 2 (2023: 1).