GroundMaster Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: SC423575

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,237		5,237

			5,237		5,237
CURRENT ASSETS
Cash at bank and in hand		5,577		11,994

		5,577		11,994
Creditors: Amounts Falling Due Within One Year	5	(10,714 )		(17,131 )

NET CURRENT ASSETS (LIABILITIES)			(5,137 )		(5,137 )

TOTAL ASSETS LESS CURRENT LIABILITIES			100		100

NET ASSETS			100		100

CAPITAL AND RESERVES
Called up share capital	6		100		100

SHAREHOLDERS' FUNDS			100		100

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kenneth Wilson

Director

18/08/2025

The notes on page 2 form part of these financial statements.

1. General Information

GroundMaster Limited is a private company, limited by shares, incorporated in Scotland, registered number SC423575 . The registered office is 5 Fern Avenue, Lenzie, Kirkintilloch, Glasgow, G66 4LE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are amortised over its estimated economic life.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	5,237

As at 31 December 2024	5,237

Net Book Value
As at 31 December 2024	5,237

As at 1 January 2024	5,237

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
VAT	906	651
Amounts owed to group undertakings	9,808	16,480

	10,714	17,131

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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