Company registration number 10296714 (England and Wales)
OTM GROUNDSCARE LTD
Unaudited Financial Statements
for the Year Ended 31 December 2024
OTM GROUNDSCARE LTD
Company Information
- 1 -
Directors
Mr O Metcalfe
Mr T Metcalfe
Company number
10296714
Registered office
Old Bears Farm
Hay-On-Wye
Hereford
UK
HR3 5PS
Accountants
Mitchell Associates Ltd
St Davids House
48 Free Street
Brecon
Powys
UK
LD3 7BN
OTM GROUNDSCARE LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
10,000
12,500
Tangible assets
4
1,061,066
1,080,709
1,071,066
1,093,209
Current assets
Stocks
19,965
18,150
Debtors
5
309,715
143,883
Cash at bank and in hand
4,595
4,164
334,275
166,197
Creditors: amounts falling due within one year
6
(505,437)
(325,374)
Net current liabilities
(171,162)
(159,177)
Total assets less current liabilities
899,904
934,032
Creditors: amounts falling due after more than one year
7
(204,293)
(270,768)
Provisions for liabilities
(286,310)
(222,444)
Net assets
409,301
440,820
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
409,299
440,818
Total equity
409,301
440,820
OTM GROUNDSCARE LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 August 2025 and are signed on its behalf by:
Mr O Metcalfe
Director
Company registration number 10296714 (England and Wales)
OTM GROUNDSCARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Otm Groundscare Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Old Bears Farm, Hay-On-Wye, Hereford, UK, HR3 5PS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. [***Disclose uncertainties***]

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

OTM GROUNDSCARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Computers
20% reducing balance
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

OTM GROUNDSCARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
- 6 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

OTM GROUNDSCARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
- 7 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
28
32
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
25,000
Amortisation and impairment
At 1 January 2024
12,500
Amortisation charged for the year
2,500
At 31 December 2024
15,000
Carrying amount
At 31 December 2024
10,000
At 31 December 2023
12,500
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
1,658,610
15,389
457,346
2,131,345
Additions
225,240
500
14,595
240,335
Disposals
(108,707)
-
0
(18,645)
(127,352)
At 31 December 2024
1,775,143
15,889
453,296
2,244,328
Depreciation and impairment
At 1 January 2024
798,242
9,609
242,785
1,050,636
Depreciation charged in the year
168,047
1,256
44,419
213,722
Eliminated in respect of disposals
(67,895)
-
0
(13,201)
(81,096)
At 31 December 2024
898,394
10,865
274,003
1,183,262
OTM GROUNDSCARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
- 8 -
Carrying amount
At 31 December 2024
876,749
5,024
179,293
1,061,066
At 31 December 2023
860,368
5,780
214,561
1,080,709
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
300,753
136,637
Prepayments and accrued income
8,962
7,246
309,715
143,883
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
18,448
10,079
Trade creditors
154,702
89,594
Taxation and social security
84,684
27,341
Other creditors
247,603
198,360
505,437
325,374
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
7,004
17,329
Other creditors
197,289
253,439
204,293
270,768
OTM GROUNDSCARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
8
Loans and overdrafts
2024
2023
£
£
Bank loans
17,338
27,408
Bank overdrafts
8,114
-
0
25,452
27,408
Payable within one year
18,448
10,079
Payable after one year
7,004
17,329

Natwest Bounce Back Loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 18 July 2026. The carrying amount at year end is £17,338 (202 3 - £27,408).

2024-12-31 2024-01-01 false false false 30 August 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr O Metcalfe Mr T Metcalfe 10296714 2024-01-01 2024-12-31 10296714 bus:Director1 2024-01-01 2024-12-31 10296714 bus:Director2 2024-01-01 2024-12-31 10296714 bus:RegisteredOffice 2024-01-01 2024-12-31 10296714 2024-12-31 10296714 2023-12-31 10296714 core:NetGoodwill 2024-12-31 10296714 core:NetGoodwill 2023-12-31 10296714 core:PlantMachinery 2024-12-31 10296714 core:ComputerEquipment 2024-12-31 10296714 core:MotorVehicles 2024-12-31 10296714 core:PlantMachinery 2023-12-31 10296714 core:ComputerEquipment 2023-12-31 10296714 core:MotorVehicles 2023-12-31 10296714 core:ShareCapital 2024-12-31 10296714 core:ShareCapital 2023-12-31 10296714 core:RetainedEarningsAccumulatedLosses 2024-12-31 10296714 core:RetainedEarningsAccumulatedLosses 2023-12-31 10296714 core:Goodwill 2024-01-01 2024-12-31 10296714 core:PlantMachinery 2024-01-01 2024-12-31 10296714 core:ComputerEquipment 2024-01-01 2024-12-31 10296714 core:MotorVehicles 2024-01-01 2024-12-31 10296714 2023-01-01 2023-12-31 10296714 core:NetGoodwill 2023-12-31 10296714 core:NetGoodwill 2024-01-01 2024-12-31 10296714 core:PlantMachinery 2023-12-31 10296714 core:ComputerEquipment 2023-12-31 10296714 core:MotorVehicles 2023-12-31 10296714 2023-12-31 10296714 core:CurrentFinancialInstruments 2024-12-31 10296714 core:CurrentFinancialInstruments 2023-12-31 10296714 core:Non-currentFinancialInstruments 2024-12-31 10296714 core:Non-currentFinancialInstruments 2023-12-31 10296714 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10296714 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10296714 bus:FRS102 2024-01-01 2024-12-31 10296714 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10296714 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP