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REGISTERED NUMBER: 09178390 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GRIMES OF CLEVELEYS LIMITED

GRIMES OF CLEVELEYS LIMITED (REGISTERED NUMBER: 09178390)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRIMES OF CLEVELEYS LIMITED

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTOR: Mr H G Ellis





REGISTERED OFFICE: 60 Victoria Road West
Thornton Cleveleys
Lancashire
FY5 1AG





REGISTERED NUMBER: 09178390 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

GRIMES OF CLEVELEYS LIMITED (REGISTERED NUMBER: 09178390)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,500 21,000
Tangible assets 5 35,049 22,145
45,549 43,145

CURRENT ASSETS
Stocks 4,765 4,756
Debtors 6 4,101 5,072
Cash at bank and in hand 48,205 30,299
57,071 40,127
CREDITORS
Amounts falling due within one year 7 (60,547 ) (28,857 )
NET CURRENT (LIABILITIES)/ASSETS (3,476 ) 11,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,073

54,415

CREDITORS
Amounts falling due after more than one
year

8

-

(6,000

)

PROVISIONS FOR LIABILITIES (6,799 ) (4,208 )
NET ASSETS 35,274 44,207

CAPITAL AND RESERVES
Called up share capital 50 100
Capital redemption reserve 50 -
Retained earnings 35,174 44,107
SHAREHOLDERS' FUNDS 35,274 44,207

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

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

GRIMES OF CLEVELEYS LIMITED (REGISTERED NUMBER: 09178390)

BALANCE SHEET - continued
31 August 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 18 October 2023 and were signed by:





Mr H G Ellis - Director


GRIMES OF CLEVELEYS LIMITED (REGISTERED NUMBER: 09178390)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Grimes of Cleveleys 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, 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 2014, 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 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.

GRIMES OF CLEVELEYS LIMITED (REGISTERED NUMBER: 09178390)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 105,000
AMORTISATION
At 1 September 2022 84,000
Amortisation for year 10,500
At 31 August 2023 94,500
NET BOOK VALUE
At 31 August 2023 10,500
At 31 August 2022 21,000

GRIMES OF CLEVELEYS LIMITED (REGISTERED NUMBER: 09178390)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 54,215 8,999 833 64,047
Additions 19,230 - - 19,230
At 31 August 2023 73,445 8,999 833 83,277
DEPRECIATION
At 1 September 2022 33,272 7,797 833 41,902
Charge for year 6,026 300 - 6,326
At 31 August 2023 39,298 8,097 833 48,228
NET BOOK VALUE
At 31 August 2023 34,147 902 - 35,049
At 31 August 2022 20,943 1,202 - 22,145

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 475 343
VAT 1,386 2,764
Prepayments 2,240 1,965
4,101 5,072

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 12,000 12,000
Trade creditors 19,828 2,679
Tax 6,346 6,725
Social security and other taxes 1,090 1,022
Other creditors 17,642 63
Directors' current accounts 46 767
Accruals and deferred income 3,595 5,601
60,547 28,857

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 6,000

GRIMES OF CLEVELEYS LIMITED (REGISTERED NUMBER: 09178390)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr H G Ellis
Balance outstanding at start of year - -
Amounts advanced 298 -
Amounts repaid (298 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,882 (2022 - £30,000) were paid to the directors .