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REGISTERED NUMBER: 03844184 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GRANITE 5 LIMITED

GRANITE 5 LIMITED (REGISTERED NUMBER: 03844184)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GRANITE 5 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs J E Davies
Mr C J Scott
Mr S Wheeler





SECRETARY: Mr J Roebuck





REGISTERED OFFICE: Unit 4 Fenice Court
Phoenix Business Park
Eaton Socon
St Neots
Cambridgeshire
PE19 8EP





REGISTERED NUMBER: 03844184 (England and Wales)





ACCOUNTANTS: Davey Grover Limited
Chartered Accountants
4 Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP

GRANITE 5 LIMITED (REGISTERED NUMBER: 03844184)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,498 4,234

CURRENT ASSETS
Debtors 5 96,398 217,099
Cash at bank and in hand 126,876 77,281
223,274 294,380
CREDITORS
Amounts falling due within one year 6 138,224 187,114
NET CURRENT ASSETS 85,050 107,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,548

111,500

CREDITORS
Amounts falling due after more than one year 7 59,892 95,616
NET ASSETS 28,656 15,884

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,556 15,784
SHAREHOLDERS' FUNDS 28,656 15,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

GRANITE 5 LIMITED (REGISTERED NUMBER: 03844184)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 12 September 2023 and were signed on its behalf by:





Mrs J E Davies - Director


GRANITE 5 LIMITED (REGISTERED NUMBER: 03844184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Granite 5 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GRANITE 5 LIMITED (REGISTERED NUMBER: 03844184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 39,604
Additions 2,115
At 31 March 2023 41,719
DEPRECIATION
At 1 April 2022 35,370
Charge for year 2,851
At 31 March 2023 38,221
NET BOOK VALUE
At 31 March 2023 3,498
At 31 March 2022 4,234

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,351 148,924
Amounts recoverable on contract 10,800 32,300
Other debtors 34,247 35,875
96,398 217,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,724 32,361
Trade creditors 7,957 10,464
Taxation and social security 65,145 85,157
Other creditors 29,398 59,132
138,224 187,114

GRANITE 5 LIMITED (REGISTERED NUMBER: 03844184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 59,892 95,616

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs J E Davies by virtue of her shareholding as set out in the directors' report.