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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
Page
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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
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Ground Wave Groundworks Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,047 
57,377 
Current assets
Inventories
4,950 
10,000 
Debtors
28,672 
28,830 
Cash at bank and in hand
16,183 
25,751 
49,805 
64,581 
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)
Net assets
462 
30,537 
Capital and reserves
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
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Ground Wave Groundworks Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
4
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 
Depreciation
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 
Net book value
At 31 March 2024
21,749 
27,298 
49,047 
At 31 March 2023
25,979 
31,398 
57,377 
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Ground Wave Groundworks Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,371 
(13,983)
Trade debtors
13,254 
24,761 
Accrued income and prepayments
- 
163 
Other debtors
11,047 
17,889 
28,672 
28,830 
6
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 
Accruals
575 
1,437 
68,367 
45,558 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
23,333 
Obligations under finance leases and hire purchase contracts
16,690 
22,530 
30,023 
45,863 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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