GROUNDSMAN INDUSTRIES LIMITED

Company Registration Number:
NI025895 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

GROUNDSMAN INDUSTRIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

GROUNDSMAN INDUSTRIES LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Intangible assets: 3 2,800 4,200
Tangible assets: 4 78,434 81,012
Total fixed assets: 81,234 85,212
Current assets
Stocks: 342,924 300,374
Debtors:   206,989 192,257
Cash at bank and in hand: 16,644 55,874
Total current assets: 566,557 548,505
Creditors: amounts falling due within one year: 5 (165,206) (203,470)
Net current assets (liabilities): 401,351 345,035
Total assets less current liabilities: 482,585 430,247
Creditors: amounts falling due after more than one year: 6 (37,614) (6,956)
Total net assets (liabilities): 444,971 423,291
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 444,871 423,191
Shareholders funds: 444,971 423,291

The notes form part of these financial statements

GROUNDSMAN INDUSTRIES LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 December 2025
and signed on behalf of the board by:

Name: William Lyle Warke
Status: Director

The notes form part of these financial statements

GROUNDSMAN INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GROUNDSMAN INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 13 13

GROUNDSMAN INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Intangible Assets

Total
Cost £
At 01 April 2024 7,000
At 31 March 2025 7,000
Amortisation
At 01 April 2024 2,800
Charge for year 1,400
At 31 March 2025 4,200
Net book value
At 31 March 2025 2,800
At 31 March 2024 4,200

GROUNDSMAN INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible Assets

Total
Cost £
At 01 April 2024 239,919
Additions 11,314
At 31 March 2025 251,233
Depreciation
At 01 April 2024 158,907
Charge for year 13,892
At 31 March 2025 172,799
Net book value
At 31 March 2025 78,434
At 31 March 2024 81,012

GROUNDSMAN INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts £52,399 (2025), £117,373 (2024) Trade creditors £64,987 (2025), £56,701 (2024) Other taxes and social security costs £39,720 (2025), £17,779 (2024) Other creditors £8,100 (2025), £11,617 (2024)

GROUNDSMAN INDUSTRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due after more than one year note

Other creditors £37,614 (2025), £6,956 (2024)