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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
Page
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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
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Ground Support Labs Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,834 
- 
Current assets
Inventories
465 
465 
Debtors
139,064 
84,972 
Cash at bank and in hand
8,623 
7,900 
148,152 
93,337 
Creditors: amounts falling due within one year
(152,200)
(92,885)
Net current (liabilities)/assets
(4,048)
452 
Net (liabilities)/assets
(2,214)
452 
Capital and reserves
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
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Ground Support Labs Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
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:
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 1 January 2024
- 
- 
- 
Additions
1,606 
840 
2,446 
At 31 December 2024
1,606 
840 
2,446 
Depreciation
Charge for the year
402 
210 
612 
At 31 December 2024
402 
210 
612 
Net book value
At 31 December 2024
1,204 
630 
1,834 
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Ground Support Labs Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,275 
- 
Trade debtors
81,344 
37,601 
Amounts due from group undertakings etc.
49,032 
44,406 
Accrued income and prepayments
2,988 
2,965 
Other debtors
1,425 
- 
139,064 
84,972 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
5,956 
VAT
- 
233 
Trade creditors
25,161 
807 
Taxes and social security
7,357 
5,310 
Other creditors
4,716 
4,292 
Accruals
25,563 
500 
Deferred income
89,403 
75,787 
152,200 
92,885 
7
Controlling party
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).
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