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REGISTERED NUMBER: 06805663 (England and Wales)















Financial Statements for the Year Ended 31st January 2023

for

GRH Solutions Limited

GRH Solutions Limited (Registered number: 06805663)

Contents of the Financial Statements
for the year ended 31st January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRH Solutions Limited

Company Information
for the year ended 31st January 2023







DIRECTOR: G.R. Harraway





REGISTERED OFFICE: Unit 1
Fairway Business Park
Eurolink Inds Estate
Sittingbourne
Kent
ME10 3FB





REGISTERED NUMBER: 06805663 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

GRH Solutions Limited (Registered number: 06805663)

Balance Sheet
31st January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,625 90,952

CURRENT ASSETS
Debtors 5 282,380 207,421
Cash at bank 407,672 357,104
690,052 564,525
CREDITORS
Amounts falling due within one year 6 187,375 88,751
NET CURRENT ASSETS 502,677 475,774
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,302

566,726

CREDITORS
Amounts falling due after more than one
year

7

(19,523

)

(11,619

)

PROVISIONS FOR LIABILITIES (16,841 ) (15,003 )
NET ASSETS 566,938 540,104

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 566,838 540,004
SHAREHOLDERS' FUNDS 566,938 540,104

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

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

GRH Solutions Limited (Registered number: 06805663)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th October 2023 and were signed by:





G.R. Harraway - Director


GRH Solutions Limited (Registered number: 06805663)

Notes to the Financial Statements
for the year ended 31st January 2023


1. STATUTORY INFORMATION

GRH Solutions 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 the total amount receivable by the company for goods supplied and services provided excluding VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Straight line over the term of the lease
Plant and machinery - 20% on reducing balance
Motor vehicle - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

GRH Solutions Limited (Registered number: 06805663)

Notes to the Financial Statements - continued
for the year ended 31st January 2023


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicle Totals
£    £    £    £   
COST
At 1st February 2022 22,667 59,139 75,323 157,129
Additions - 35,782 - 35,782
At 31st January 2023 22,667 94,921 75,323 192,911
DEPRECIATION
At 1st February 2022 1,133 33,788 31,256 66,177
Charge for year 4,307 10,785 11,017 26,109
At 31st January 2023 5,440 44,573 42,273 92,286
NET BOOK VALUE
At 31st January 2023 17,227 50,348 33,050 100,625
At 31st January 2022 21,534 25,351 44,067 90,952

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicle
£   
COST
At 1st February 2022 74,823
Transfer to ownership (22,967 )
At 31st January 2023 51,856
DEPRECIATION
At 1st February 2022 31,037
Charge for year 7,717
Transfer to ownership (10,267 )
At 31st January 2023 28,487
NET BOOK VALUE
At 31st January 2023 23,369
At 31st January 2022 43,786

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 183,507 101,169
Other debtors 8,860 26,838
Prepayments and accrued income 90,013 79,414
282,380 207,421

GRH Solutions Limited (Registered number: 06805663)

Notes to the Financial Statements - continued
for the year ended 31st January 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,234 9,201
Trade creditors 80,551 54,237
Corporation tax 27,779 3,778
Social security and other taxes 47,234 1,887
Other creditors and accruals 23,577 19,648
187,375 88,751

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 19,523 11,619

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 27,757 20,820

The hire purchase contracts are secured on the assets concerned.