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REGISTERED NUMBER: 02572753 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

GRANT'S SERVICES LIMITED

GRANT'S SERVICES LIMITED (REGISTERED NUMBER: 02572753)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRANT'S SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr G Rashleigh





SECRETARY: Mrs S Rashleigh





REGISTERED OFFICE: 1 Deeping Gate
Waterlooville
Hampshire
PO7 8QQ





REGISTERED NUMBER: 02572753 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

GRANT'S SERVICES LIMITED (REGISTERED NUMBER: 02572753)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,329 4,308

CURRENT ASSETS
Stocks - 279
Debtors 5 2,119 3,209
Cash at bank 13,363 14,743
15,482 18,231
CREDITORS
Amounts falling due within one year 6 12,906 18,134
NET CURRENT ASSETS 2,576 97
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,905

4,405

PROVISIONS FOR LIABILITIES 2,342 -
NET ASSETS 12,563 4,405

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,463 4,305
SHAREHOLDERS' FUNDS 12,563 4,405

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

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

GRANT'S SERVICES LIMITED (REGISTERED NUMBER: 02572753)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 October 2023 and were signed by:





Mr G Rashleigh - Director


GRANT'S SERVICES LIMITED (REGISTERED NUMBER: 02572753)

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


1. STATUTORY INFORMATION

Grant's Services 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 represents amounts receivable for research and test procedures and facilities development services.

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 - 10% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

GRANT'S SERVICES LIMITED (REGISTERED NUMBER: 02572753)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2022 965 2,739 17,103 20,807
Additions - - 12,718 12,718
Disposals (965 ) (1,498 ) (9,858 ) (12,321 )
At 31 January 2023 - 1,241 19,963 21,204
DEPRECIATION
At 1 February 2022 893 1,640 13,966 16,499
Charge for year - 311 3,943 4,254
Eliminated on disposal (893 ) (1,208 ) (9,777 ) (11,878 )
At 31 January 2023 - 743 8,132 8,875
NET BOOK VALUE
At 31 January 2023 - 498 11,831 12,329
At 31 January 2022 72 1,099 3,137 4,308

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,938 3,032
Other debtors 181 177
2,119 3,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 158 1,202
Taxation and social security 8,948 13,734
Other creditors 3,800 3,198
12,906 18,134