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Company Registration No. 14375259 (England and Wales)
GROUNDFORCE MIDLANDS LTD Unaudited accounts for the year ended 30 September 2024
GROUNDFORCE MIDLANDS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GROUNDFORCE MIDLANDS LTD Company Information for the year ended 30 September 2024
Director
Jeremy Handley
Company Number
14375259 (England and Wales)
Registered Office
23 OLDBURY STREET WEDNESBURY WS10 0QJ ENGLAND
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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GROUNDFORCE MIDLANDS LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,587 
- 
Current assets
Debtors
5
10,062 
1 
Cash at bank and in hand
6,836 
- 
16,898 
1 
Creditors: amounts falling due within one year
6
(20,059)
- 
Net current (liabilities)/assets
(3,161)
1 
Net assets
426 
1 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
425 
- 
Shareholders' funds
426 
1 
For the year ending 30 September 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 18 June 2025 and were signed on its behalf by
Jeremy Handley Director Company Registration No. 14375259
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GROUNDFORCE MIDLANDS LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
GROUNDFORCE MIDLANDS LTD is a private company, limited by shares, registered in England and Wales, registration number 14375259. The registered office is 23 OLDBURY STREET, WEDNESBURY, WS10 0QJ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
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
25% Straight Line
Motor vehicles
20% Reducing Balance
Computer equipment
25% Straight Line
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GROUNDFORCE MIDLANDS LTD Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
- 
- 
- 
- 
Additions
400 
3,442 
711 
4,553 
At 30 September 2024
400 
3,442 
711 
4,553 
Depreciation
Charge for the year
100 
688 
178 
966 
At 30 September 2024
100 
688 
178 
966 
Net book value
At 30 September 2024
300 
2,754 
533 
3,587 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
877 
- 
Trade debtors
9,184 
- 
Other debtors
1 
1 
10,062 
1 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,306 
- 
Taxes and social security
795 
- 
Proposed dividends
950 
- 
Loans from directors
14,848 
- 
Accruals
2,160 
- 
20,059 
- 
7
Transactions with related parties
At the year end there was a balance of £14848 owed to sole director, Mr Jeremy Handly.
8
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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