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REGISTERED NUMBER: 07612301 (England and Wales)















Financial Statements for the Year Ended 30th April 2024

for

Ground Reaction Limited

Ground Reaction Limited (Registered number: 07612301)

Contents of the Financial Statements
for the year ended 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ground Reaction Limited

Company Information
for the year ended 30th April 2024







DIRECTOR: J E Allsworth





SECRETARY: Mrs D T Allsworth





REGISTERED OFFICE: 1 - 3 Manor Road
Chatham
Kent
ME4 6AE





REGISTERED NUMBER: 07612301 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Ground Reaction Limited (Registered number: 07612301)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,390 4,238

CURRENT ASSETS
Debtors 5 134,971 132,248
Cash at bank 24 -
134,995 132,248
CREDITORS
Amounts falling due within one year 6 136,914 134,607
NET CURRENT LIABILITIES (1,919 ) (2,359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,471

1,879

PROVISIONS FOR LIABILITIES 848 1,060
NET ASSETS 623 819

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 523 719
SHAREHOLDERS' FUNDS 623 819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Ground Reaction Limited (Registered number: 07612301)

Balance Sheet - continued
30th April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 30th January 2025 and were signed by:





J E Allsworth - Director


Ground Reaction Limited (Registered number: 07612301)

Notes to the Financial Statements
for the year ended 30th April 2024


1. STATUTORY INFORMATION

Ground Reaction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Ground Reaction Limited (Registered number: 07612301)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st May 2023
and 30th April 2024 25,386
DEPRECIATION
At 1st May 2023 21,148
Charge for year 848
At 30th April 2024 21,996
NET BOOK VALUE
At 30th April 2024 3,390
At 30th April 2023 4,238

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,776 83,990
Other debtors and prepayments - 14,330
Directors' current accounts 110,195 33,928
134,971 132,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 194 10,020
Corporation tax 114,248 95,641
Social security and other taxes 3,342 2,230
Other creditors and accruals 19,130 26,716
136,914 134,607

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Ground Reaction Limited (Registered number: 07612301)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
J E Allsworth
Balance outstanding at start of year 33,627 38,800
Amounts advanced 105,177 -
Amounts repaid (28,609 ) (5,173 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,195 33,627

9. ULTIMATE CONTROLLING PARTY

J E Allsworth and D T Allsworth who hold 50% of the issued share capital each.