Ground Logic Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09196097 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Ground Logic Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Monks

T O'Loughlin

REGISTERED OFFICE:

3 Acer Crescent

Almondsbury

Bristol

BS32 4FL

REGISTERED NUMBER:

09196097 (England and Wales)

ACCOUNTANT:

Tony Dicker & Co

Chartered Accountants

29 Courtenay Road

Keynsham

Bristol

BS31 1JU

CURRENT ASSETS

Stocks

160,357

-

Debtors

4

47,066

37,557

Cash at bank

5,361

49,579

212,784

87,136

CREDITORS

Amounts falling due within one year

5

207,296

81,648

NET CURRENT ASSETS

5,488

5,488

TOTAL ASSETS LESS CURRENT LIABILITIES

5,488

5,488

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,388

5,388

SHAREHOLDERS' FUNDS

5,488

5,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 December 2018 and were signed on its behalf by:

S Monks - Director

T O'Loughlin - Director

1.	STATUTORY INFORMATION

Ground Logic Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Other debtors

44,009

37,457

VAT

2,957

-

Called up share capital not paid

100

100

47,066

37,557

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

70,676

80,099

Trade creditors

-

1

Tax

(1,655

)

(1,655

)

Hinchcliffe loan

1,750

1,750

Directors' current accounts

135,072

-

Accrued expenses

1,453

1,453

207,296

81,648

6.	RELATED PARTY DISCLOSURES