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REGISTERED NUMBER: 04409802 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

FOR

WORMSTORE LIMITED
TRADING AS
G'GRABS HIRE YORK

WORMSTORE LIMITED (REGISTERED NUMBER: 04409802)
TRADING AS G'GRABS HIRE YORK






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WORMSTORE LIMITED
TRADING AS G'GRABS HIRE YORK

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTORS: R H Elstone
Mrs J E Elstone





REGISTERED OFFICE: 49 Burtree Avenue
Skelton
York
YO30 1YT





REGISTERED NUMBER: 04409802 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

WORMSTORE LIMITED (REGISTERED NUMBER: 04409802)
TRADING AS G'GRABS HIRE YORK

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,045 69,289

CURRENT ASSETS
Stocks 1,300 1,300
Debtors 5 29,170 9,152
Cash at bank 51,563 53,394
82,033 63,846
CREDITORS
Amounts falling due within one year 6 86,141 87,540
NET CURRENT LIABILITIES (4,108 ) (23,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,937

45,595

PROVISIONS FOR LIABILITIES 6,221 7,714
NET ASSETS 53,716 37,881

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 53,714 37,879
SHAREHOLDERS' FUNDS 53,716 37,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 22nd August 2022 and were signed on its behalf by:




R H Elstone - Director



Mrs J E Elstone - Director


WORMSTORE LIMITED (REGISTERED NUMBER: 04409802)
TRADING AS G'GRABS HIRE YORK

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

Wormstore Limited 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 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 historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Income is recognised when the services have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

WORMSTORE LIMITED (REGISTERED NUMBER: 04409802)
TRADING AS G'GRABS HIRE YORK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2021 62,111 37,384 43,833 916 144,244
Additions 5,834 - - - 5,834
Disposals - - (20,833 ) - (20,833 )
At 31st March 2022 67,945 37,384 23,000 916 129,245
DEPRECIATION
At 1st April 2021 18,188 27,646 28,205 916 74,955
Charge for year 2,718 2,435 3,234 - 8,387
Eliminated on disposal - - (18,142 ) - (18,142 )
At 31st March 2022 20,906 30,081 13,297 916 65,200
NET BOOK VALUE
At 31st March 2022 47,039 7,303 9,703 - 64,045
At 31st March 2021 43,923 9,738 15,628 - 69,289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 11,610 6,282
Other debtors 17,560 2,870
29,170 9,152

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 360 6,684
Taxation and social security 6,137 2,024
Other creditors 79,644 78,832
86,141 87,540

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £78,445 (2021 - £77,633) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.