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REGISTERED NUMBER: 04717820 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Grabbit & Run Couriers Ltd

Grabbit & Run Couriers Ltd (Registered number: 04717820)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grabbit & Run Couriers Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: P Howard





REGISTERED OFFICE: Unit D
South Cambridge Business Park
Babraham Road
Sawston
Cambridgeshire
CB22 3JH





REGISTERED NUMBER: 04717820 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

Grabbit & Run Couriers Ltd (Registered number: 04717820)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 443,177 467,187
Investments 6 40,000 40,000
483,177 507,187

CURRENT ASSETS
Debtors 7 385,615 329,688
Cash at bank 34,818 27,359
420,433 357,047
CREDITORS
Amounts falling due within one year 8 213,877 191,939
NET CURRENT ASSETS 206,556 165,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,733

672,295

CREDITORS
Amounts falling due after more than one
year

9

255,521

284,250
NET ASSETS 434,212 388,045

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 434,210 388,043
SHAREHOLDERS' FUNDS 434,212 388,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Grabbit & Run Couriers Ltd (Registered number: 04717820)

Balance Sheet - continued
30 April 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 director and authorised for issue on 12 October 2023 and were signed by:





P Howard - Director


Grabbit & Run Couriers Ltd (Registered number: 04717820)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Grabbit & Run Couriers 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 balance sheet date.

Deferred tax
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 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.

Grabbit & Run Couriers Ltd (Registered number: 04717820)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 80,000
AMORTISATION
At 1 May 2022
and 30 April 2023 80,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 351,813 269,714 621,527
Additions - 14,902 14,902
Disposals - (8,800 ) (8,800 )
At 30 April 2023 351,813 275,816 627,629
DEPRECIATION
At 1 May 2022 - 154,340 154,340
Charge for year - 31,762 31,762
Eliminated on disposal - (1,650 ) (1,650 )
At 30 April 2023 - 184,452 184,452
NET BOOK VALUE
At 30 April 2023 351,813 91,364 443,177
At 30 April 2022 351,813 115,374 467,187

Grabbit & Run Couriers Ltd (Registered number: 04717820)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 40,000
NET BOOK VALUE
At 30 April 2023 40,000
At 30 April 2022 40,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 292,155 252,790
Other debtors 93,460 76,898
385,615 329,688

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,405 29,531
Hire purchase contracts - 2,222
Trade creditors 94,706 57,260
Taxation and social security 87,197 100,188
Other creditors 2,569 2,738
213,877 191,939

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 255,521 284,250