17 December 2023 false No description of principal activity Taxfiler 2024.6 06455314business:PrivateLimitedCompanyLtd2023-12-172024-12-16 064553142023-12-16 064553142023-12-172024-12-16 06455314business:AuditExemptWithAccountantsReport2023-12-172024-12-16 06455314business:FilletedAccounts2023-12-172024-12-16 064553142024-12-16 06455314business:Director12023-12-172024-12-16 06455314business:CompanySecretary12023-12-172024-12-16 06455314business:RegisteredOffice2023-12-172024-12-16 064553142023-12-16 06455314core:WithinOneYear2024-12-16 06455314core:WithinOneYear2023-12-16 06455314core:AfterOneYear2024-12-16 06455314core:AfterOneYear2023-12-16 06455314core:ShareCapitalcore:PreviouslyStatedAmount2024-12-16 06455314core:ShareCapitalcore:PreviouslyStatedAmount2023-12-16 06455314core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-16 06455314core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-16 06455314core:PreviouslyStatedAmount2024-12-16 06455314core:PreviouslyStatedAmount2023-12-16 06455314business:SmallEntities2023-12-172024-12-16 06455314countries:EnglandWales2023-12-172024-12-16 06455314core:PlantMachinery2023-12-172024-12-16 06455314core:MotorVehicles2023-12-172024-12-16 06455314core:ComputerEquipment2023-12-172024-12-16 06455314core:PlantMachinery2023-12-16 06455314core:MotorVehicles2023-12-16 06455314core:ComputerEquipment2023-12-16 06455314core:PlantMachinery2024-12-16 06455314core:MotorVehicles2024-12-16 06455314core:ComputerEquipment2024-12-16 064553142022-12-172023-12-16 iso4217:GBP xbrli:pure
Company Registration No. 06455314 (England and Wales)
Groundsell Contracting Limited Unaudited accounts for the year ended 16 December 2024
Groundsell Contracting Limited Unaudited accounts Contents
Page
- 2 -
Groundsell Contracting Limited Company Information for the year ended 16 December 2024
Director
Peter Groundsell
Secretary
Keeley Groundsell
Company Number
06455314 (England and Wales)
Registered Office
Westwood Farm Forest Road Newport Isle of Wight PO30 5QJ England
Accountants
Aim High Accounts Limited Castledown Enterprise Centre Unit 3d Fitz Gilbert Court Ludgershall Wiltshire SP11 9FA
- 3 -
Groundsell Contracting Limited Statement of financial position as at 16 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
258,881 
242,814 
Current assets
Debtors
357,593 
381,281 
Cash at bank and in hand
554,355 
174,678 
911,948 
555,959 
Creditors: amounts falling due within one year
(376,637)
(395,996)
Net current assets
535,311 
159,963 
Total assets less current liabilities
794,192 
402,777 
Creditors: amounts falling due after more than one year
(25,406)
(74,931)
Net assets
768,786 
327,846 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
768,686 
327,746 
Shareholders' funds
768,786 
327,846 
For the year ending 16 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 director acknowledges his 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 and authorised for issue on 15 July 2025 and were signed on its behalf by
Peter Groundsell Director Company Registration No. 06455314
- 4 -
Groundsell Contracting Limited Notes to the Accounts for the year ended 16 December 2024
1
Statutory information
Groundsell Contracting Limited is a private company, limited by shares, registered in England and Wales, registration number 06455314. The registered office is Westwood Farm, Forest Road, Newport, Isle of Wight, PO30 5QJ, 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:
Plant & machinery
25% RBM
Motor vehicles
25% RBM
Computer equipment
25% RBM
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 17 December 2023
510,125 
320,918 
- 
831,043 
Additions
67,680 
20,475 
7,628 
95,783 
Disposals
(24,200)
- 
- 
(24,200)
At 16 December 2024
553,605 
341,393 
7,628 
902,626 
Depreciation
At 17 December 2023
332,158 
256,071 
- 
588,229 
Charge for the year
55,363 
21,330 
1,907 
78,600 
On disposals
(23,084)
- 
- 
(23,084)
At 16 December 2024
364,437 
277,401 
1,907 
643,745 
Net book value
At 16 December 2024
189,168 
63,992 
5,721 
258,881 
At 16 December 2023
177,967 
64,847 
- 
242,814 
- 5 -
Groundsell Contracting Limited Notes to the Accounts for the year ended 16 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
223,032 
363,420 
Accrued income and prepayments
131,271 
10,935 
Other debtors
3,290 
6,926 
357,593 
381,281 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
110,653 
107,805 
Trade creditors
62,749 
136,248 
Taxes and social security
90,236 
19,283 
Other creditors
7,488 
5,294 
Accruals
105,511 
127,366 
376,637 
395,996 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
25,783 
Obligations under finance leases and hire purchase contracts
10,112 
40,808 
Loans from directors
15,294 
8,340 
25,406 
74,931 
8
Average number of employees
During the year the average number of employees was 25 (2023: 25).
- 6 -