REGISTERED NUMBER: 09923733 (England and Wales)

GROUNDRICH LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Richardson

C K Richardson

SECRETARY:

C K Richardson

REGISTERED OFFICE:

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

REGISTERED NUMBER:

09923733 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

6,773

7,968

Investments

5

115,670

112,295

122,443

120,263

CURRENT ASSETS

Stocks

253,500

311,600

Debtors

6

507,367

549,953

Cash at bank

1,233,393

898,873

1,994,260

1,760,426

CREDITORS

Amounts falling due within one year

7

879,818

706,932

NET CURRENT ASSETS

1,114,442

1,053,494

TOTAL ASSETS LESS CURRENT LIABILITIES

1,236,885

1,173,757

PROVISIONS FOR LIABILITIES

1,693

-

NET ASSETS

1,235,192

1,173,757

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

14,211

12,535

Retained earnings

1,220,881

1,161,122

SHAREHOLDERS' FUNDS

1,235,192

1,173,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th December 2025 and were signed on its behalf by:

D J Richardson - Director

1.	STATUTORY INFORMATION

Groundrich 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 as modified by the revaluation of certain assets.

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

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st April 2024

and 31st March 2025

11,006

DEPRECIATION

At 1st April 2024

3,038

Charge for year

1,195

At 31st March 2025

4,233

NET BOOK VALUE

At 31st March 2025

6,773

At 31st March 2024

7,968

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1st April 2024

112,295

Additions

2,543

Revaluations

832

At 31st March 2025

115,670

NET BOOK VALUE

At 31st March 2025

115,670

At 31st March 2024

112,295

Cost or valuation at 31st March 2025 is represented by:

Unlisted

investments

£

Valuation in 2025

115,670

Market value of listed investments at 31st March 2025 - £ 115,670 (2024 - £ 112,295 ).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

448,131

531,405

Other debtors

18,548

18,548

VAT

40,688

-

507,367

549,953

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

289,655

347,274

Corporation Tax

14,186

-

Social security and other taxes

24,923

28,108

VAT

-

41,540

Directors' current accounts

302

302

Pensions

984

944

Accrued expenses

549,768

288,764

879,818

706,932

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Fair

value

reserve

£

At 1st April 2024

12,535

Revaluations

832

Deferred tax

844

At 31st March 2025

14,211

10.	RELATED PARTY DISCLOSURES

During the year, the company purchased and incurred the following costs from an associated company.

Management charges £500,000 (2024: £250,000)

Purchases £1,200,000 (2024: £1,358,100)

At 31 March 2025 an amount of £500,000 (2024: £250,000) was owing to an associated company and is included in accrued expenses.