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REGISTERED NUMBER: 10825820 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GROUNDTECH CONSULTING LIMITED

GROUNDTECH CONSULTING LIMITED (REGISTERED NUMBER: 10825820)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


GROUNDTECH CONSULTING LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Mr J M S Doyle





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
M44 5XD





REGISTERED NUMBER: 10825820 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

GROUNDTECH CONSULTING LIMITED (REGISTERED NUMBER: 10825820)

REPORT OF THE DIRECTOR
for the Year Ended 30 June 2024

The director presents his report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of geo-environmental consultancy and engineering.

DIRECTORS
Mr J M S Doyle has held office during the whole of the period from 1 July 2023 to the date of this report.

Other changes in directors holding office are as follows:

Mr R Wyatt - resigned 15 September 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr J M S Doyle - Director


28 March 2025

GROUNDTECH CONSULTING LIMITED (REGISTERED NUMBER: 10825820)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 66,665 63,310

CURRENT ASSETS
Stocks 204,263 150,777
Debtors 5 1,000,256 888,880
Cash at bank and in hand 807,913 152,800
2,012,432 1,192,457
CREDITORS
Amounts falling due within one year 6 (1,227,698 ) (469,375 )
NET CURRENT ASSETS 784,734 723,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,399

786,392

PROVISIONS FOR LIABILITIES (15,774 ) (14,878 )
NET ASSETS 835,625 771,514

CAPITAL AND RESERVES
Called up share capital 7 10
Retained earnings 835,618 771,504
SHAREHOLDERS' FUNDS 835,625 771,514

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

GROUNDTECH CONSULTING LIMITED (REGISTERED NUMBER: 10825820)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





Mr J M S Doyle - Director


GROUNDTECH CONSULTING LIMITED (REGISTERED NUMBER: 10825820)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Groundtech Consulting 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

GROUNDTECH CONSULTING LIMITED (REGISTERED NUMBER: 10825820)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 16,969 24,933 67,523 109,425
Additions - 568 15,000 15,568
At 30 June 2024 16,969 25,501 82,523 124,993
DEPRECIATION
At 1 July 2023 12,509 11,441 22,165 46,115
Charge for year 1,115 3,384 7,714 12,213
At 30 June 2024 13,624 14,825 29,879 58,328
NET BOOK VALUE
At 30 June 2024 3,345 10,676 52,644 66,665
At 30 June 2023 4,460 13,492 45,358 63,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 967,292 839,789
Other debtors 32,964 49,091
1,000,256 888,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 6,782 -
Trade creditors 266,723 281,224
Amounts owed to group undertakings 509,509 71,274
Taxation and social security 434,810 109,548
Other creditors 9,874 7,329
1,227,698 469,375

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 22,000 27,709

GROUNDTECH CONSULTING LIMITED (REGISTERED NUMBER: 10825820)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.6.24 30.6.23
£    £   
Mr R Wyatt
Balance outstanding at start of year 10,000 8,485
Amounts advanced - 1,515
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,000

9. RELATED PARTY DISCLOSURES

The company has declared dividends totalling £800,000 (2023 - £82,275) payable to its parent company, Panther Holdings Limited. At year-end, these dividends remained unpaid, resulting in an intercompany payable balance of £509,509 (2023 - £71,274). This balance is unsecured, interest-free, and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Panther Holdings Limited.

The ultimate controlling party is Mr J M S Doyle.