Company registration number: 10920976
Annual report and unaudited financial statements
for the year ended 31 August 2025
for
Groundforce1 Ltd
Pages for filing with the Registrar
Company registration number: 10920976
Groundforce1 Ltd
Balance sheet
as at 31 August 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 22,995 29,429
22,995 29,429
Current assets
Debtors 52,642 36,042
Cash at bank and in hand 871 5,681
53,513 41,723
Creditors: amounts falling due within one year
(56,217) (43,800)
Net current liabilities (2,704) (2,077)
Total assets less current liabilities 20,291 27,352
Creditors: Amounts falling due after more than one year
6 (27,621) (37,015)
Provisions for liabilities (4,369) (3,692)
NET LIABILITIES (11,699) (13,355)
Capital and reserves
Called up share capital 1 1
Profit and loss account (11,700) (13,356)
TOTAL EQUITY (11,699) (13,355)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10920976
Groundforce1 Ltd
Balance sheet - continued
as at 31 August 2025
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 account has not been delivered to the Registrar.
Signed by:
Mr N White, Director
22 August 2026
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Groundforce1 Ltd
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
Groundforce1 Ltd is a private company registered in England and Wales. Its registered number is 10920976. The company is limited by shares. Its registered office is F2 East Court, Enterprise Road, Maidstone, Kent, ME15 6JF.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. At 31 August 2025, the company had net liabilities of £11,699 (2024: £13,555 and Net Current Liabilities £2,077). The director has considered the availability of working capital at 31 August 2025 and is of the opinion that this will be sufficient to enable the company to continue operating for at least the 12 months from the date of signing these accounts, and pay its debts as they fall due. The director has therefore concluded that the accounts should be prepared on a going concern basis


Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is amortised evenly over its estimated useful life of 5 years. The cost of goodwill has now been fully written off.


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Groundforce1 Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant & Machinery - 33.33% straight line
Motor vehicles - 25% straight line
Computer equipment - 25% straight line
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
3 Average number of employees
During the year the average number of employees was 5 (2024 - 4).
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Groundforce1 Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
4 Intangible assets
Goodwill
£
Cost
At 1 September 2024 5,000
At 31 August 2025 5,000
Amortisation
At 1 September 2024 5,000
At 31 August 2025 5,000
Net book value
At 31 August 2025 -
At 31 August 2024 -
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 September 2024 54,429
Additions 8,228
At 31 August 2025 62,657
Depreciation
At 1 September 2024 25,000
Charge for year 14,662
At 31 August 2025 39,662
Net book value
At 31 August 2025 22,995
At 31 August 2024 29,429
6 Creditors: amounts falling due after more than five years
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Groundforce1 Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
6 Creditors: amounts falling due after more than five years - continued
Included within the above creditors are the following amounts falling due after more than five years:
2025 2024
£ £
Repayable by instalments
Bank loans - 3,810
7 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024.
2025 2024
£ £
N White
Balance outstanding at start of year 15,435 -
Amounts advanced 32,825 15,435
Amounts repaid (15,435) -
Balance outstanding at end of year 32,825 15,435
During the year interest has been charged on the loan using the HMRC official rates of interest that were in operation during the accounting period. The interest charge of £684 is included in the balance outstanding at 31 October 2025.
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