Company Registration No. 12552700 (England and Wales)
Ground Support Labs Ltd
Unaudited accounts
for the year ended 31 December 2024
Ground Support Labs Ltd
Unaudited accounts
Contents
Ground Support Labs Ltd
Company Information
for the year ended 31 December 2024
Directors
Martyn Barnett
Shivam Vinay Parikh
Company Number
12552700 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET
FIRST FLOOR
LONDON
W1W 7LT
ENGLAND
Accountants
JJM Accountants UK
10 Running Well
Wickford
Essex
SS11 7GD
Ground Support Labs Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
8,623
7,900
Creditors: amounts falling due within one year
(152,200)
(92,885)
Net current (liabilities)/assets
(4,048)
452
Net (liabilities)/assets
(2,214)
452
Called up share capital
1
1
Profit and loss account
(2,215)
451
Shareholders' funds
(2,214)
452
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by
Martyn Barnett
Director
Company Registration No. 12552700
Ground Support Labs Ltd
Notes to the Accounts
for the year ended 31 December 2024
Ground Support Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 12552700. The registered office is 85 GREAT PORTLAND STREET, FIRST FLOOR, LONDON, W1W 7LT, 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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 December 2024
1,606
840
2,446
Charge for the year
402
210
612
At 31 December 2024
402
210
612
At 31 December 2024
1,204
630
1,834
Ground Support Labs Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
81,344
37,601
Amounts due from group undertakings etc.
49,032
44,406
Accrued income and prepayments
2,988
2,965
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
5,956
Trade creditors
25,161
807
Taxes and social security
7,357
5,310
Other creditors
4,716
4,292
Deferred income
89,403
75,787
The company is controlled by Ground Support Labs LLC by virtue of a major shareholding.
The ultimate controlling party is S V Parikh.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).