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REGISTERED NUMBER: 04195681 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2025

for

GROUNDTEL LIMITED

GROUNDTEL LIMITED (REGISTERED NUMBER: 04195681)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GROUNDTEL LIMITED

Company Information
for the Year Ended 30 April 2025







DIRECTOR: C A Perkins





SECRETARY: D A Perkins





REGISTERED OFFICE: Monument House
215 Marsh Road
Pinner
Middlesex
HA5 5NE





BUSINESS ADDRESS: PO Box 1104
Uxbridge
UB8 9WN





REGISTERED NUMBER: 04195681 (England and Wales)





ACCOUNTANTS: Hill Wooldridge & Co.
Chartered Accountants
Monument House
215 Marsh Road
Pinner
HA5 5NE

GROUNDTEL LIMITED (REGISTERED NUMBER: 04195681)

Balance Sheet
30 April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 406,642 414,252

CURRENT ASSETS
Debtors 5 272,736 208,432
Cash at bank 271,901 235,957
544,637 444,389
CREDITORS
Amounts falling due within one year 6 318,049 286,095
NET CURRENT ASSETS 226,588 158,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

633,230

572,546

CREDITORS
Amounts falling due after more than one
year

7

(222,343

)

(226,889

)

PROVISIONS FOR LIABILITIES (101,661 ) (103,563 )
NET ASSETS 309,226 242,094

CAPITAL AND RESERVES
Called up share capital 80 80
Capital redemption reserve 20 20
Retained earnings 309,126 241,994
SHAREHOLDERS' FUNDS 309,226 242,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 25 July 2025 and were signed by:




C A Perkins - Director


GROUNDTEL LIMITED (REGISTERED NUMBER: 04195681)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

Groundtel 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 etc - 25% 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 20 (2024 - 20 ) .

GROUNDTEL LIMITED (REGISTERED NUMBER: 04195681)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2024 1,160,260
Additions 187,946
Disposals (263,902 )
At 30 April 2025 1,084,304
DEPRECIATION
At 1 May 2024 746,008
Charge for year 137,645
Eliminated on disposal (205,991 )
At 30 April 2025 677,662
NET BOOK VALUE
At 30 April 2025 406,642
At 30 April 2024 414,252

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 248,618 191,957
Other debtors 24,118 16,475
272,736 208,432

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 141,723 141,171
Trade creditors 22,132 28,080
Taxation and social security 131,954 94,008
Other creditors 12,240 12,836
318,049 286,095

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 9,167 19,167
Hire purchase contracts 213,176 207,722
222,343 226,889

GROUNDTEL LIMITED (REGISTERED NUMBER: 04195681)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

8. RELATED PARTY DISCLOSURES

During the year the company operated loan accounts with directors of the company. At the end of the year the company owed the directors £3,921 (2024 : £4.407).

During the year the company issued dividends totalling £120,000 to directors of the company (2024 : £114,000).