Company Registration No. 07862533 (England and Wales)
Ground Designs (Norfolk) Ltd
Unaudited accounts
for the year ended 31 March 2025
Ground Designs (Norfolk) Ltd
Unaudited accounts
Contents
Ground Designs (Norfolk) Ltd
Company Information
for the year ended 31 March 2025
Directors
Anna Ground
Thomas Ground
Company Number
07862533 (England and Wales)
Registered Office
Sedum House
Sandpit Lane
Gimingham
Norwich
Norfolk
NR11 8HH
England
Accountants
JHW Azoth Ltd
13 The Close
Norwich
Norfolk
NR1 4DS
Ground Designs (Norfolk) Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
23,985
30,293
Cash at bank and in hand
11,788
22,363
Creditors: amounts falling due within one year
(9,865)
(23,944)
Net current assets
4,443
3,901
Total assets less current liabilities
28,428
34,194
Creditors: amounts falling due after more than one year
-
(6,128)
Provisions for liabilities
Deferred tax
(5,996)
(7,533)
Called up share capital
200
200
Profit and loss account
22,232
20,333
Shareholders' funds
22,432
20,533
For the year ending 31 March 2025 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 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 of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by
Thomas Ground
Director
Company Registration No. 07862533
Ground Designs (Norfolk) Ltd
Notes to the Accounts
for the year ended 31 March 2025
Ground Designs (Norfolk) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07862533. The registered office is Sedum House, Sandpit Lane, Gimingham, Norwich, Norfolk, NR11 8HH, 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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ground Designs (Norfolk) Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
15,440
29,020
17,611
62,071
At 31 March 2025
16,040
29,020
17,611
62,671
At 1 April 2024
3,088
13,602
15,088
31,778
Charge for the year
2,573
3,084
1,251
6,908
At 31 March 2025
5,661
16,686
16,339
38,686
At 31 March 2025
10,379
12,334
1,272
23,985
At 31 March 2024
12,352
15,418
2,523
30,293
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
5,383
Taxes and social security
4,555
536
Loans from directors
2,644
14,587
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
6,128
8
Average number of employees
During the year the average number of employees was 3 (2024: 4).