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
Groundsell Contracting Limited
Company Information
for the year ended 16 December 2024
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
Groundsell Contracting Limited
Statement of financial position
as at 16 December 2024
Tangible assets
258,881
242,814
Cash at bank and in hand
554,355
174,678
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
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
Groundsell Contracting Limited
Notes to the Accounts
for the year ended 16 December 2024
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.
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:
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
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
At 16 December 2024
189,168
63,992
5,721
258,881
At 16 December 2023
177,967
64,847
-
242,814
Groundsell Contracting Limited
Notes to the Accounts
for the year ended 16 December 2024
Amounts falling due within one year
Trade debtors
223,032
363,420
Accrued income and prepayments
131,271
10,935
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
62,749
136,248
Taxes and social security
90,236
19,283
Other creditors
7,488
5,294
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
10,112
40,808
Loans from directors
15,294
8,340
8
Average number of employees
During the year the average number of employees was 25 (2023: 25).