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REGISTERED NUMBER: 02765275 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

GROSVENOR APTEC LIMITED

GROSVENOR APTEC LIMITED (REGISTERED NUMBER: 02765275)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROSVENOR APTEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P Nicholls
Mrs N Nicholls





SECRETARY: Mrs N Nicholls





REGISTERED OFFICE: Unit 8
Whitegate Industrial Estate
Whitegate Road
Wrexham
LL13 8UG





REGISTERED NUMBER: 02765275 (England and Wales)





ACCOUNTANTS: Guy Walmsley Limited
Chartered Accountants
3 Grove Road
Wrexham
LL11 1DY

GROSVENOR APTEC LIMITED (REGISTERED NUMBER: 02765275)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 209,240 175,791
209,240 175,791

CURRENT ASSETS
Stocks 575,894 724,277
Debtors 6 183,995 86,468
Cash at bank and in hand 181 82,064
760,070 892,809
CREDITORS
Amounts falling due within one year 7 476,128 578,548
NET CURRENT ASSETS 283,942 314,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

493,182

490,052

CREDITORS
Amounts falling due after more than one year 8 38,935 50,751
NET ASSETS 454,247 439,301

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 454,245 439,299
SHAREHOLDERS' FUNDS 454,247 439,301

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.

GROSVENOR APTEC LIMITED (REGISTERED NUMBER: 02765275)

BALANCE SHEET - 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 1 November 2023 and were signed on its behalf by:





P Nicholls - Director


GROSVENOR APTEC LIMITED (REGISTERED NUMBER: 02765275)

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

1. STATUTORY INFORMATION

Grosvenor Aptec 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 23 ) .

GROSVENOR APTEC LIMITED (REGISTERED NUMBER: 02765275)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 140,225
AMORTISATION
At 1 April 2022
and 31 March 2023 140,225
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 17,000 366,035 383,035
Additions - 73,245 73,245
At 31 March 2023 17,000 439,280 456,280
DEPRECIATION
At 1 April 2022 17,000 190,244 207,244
Charge for year - 39,796 39,796
At 31 March 2023 17,000 230,040 247,040
NET BOOK VALUE
At 31 March 2023 - 209,240 209,240
At 31 March 2022 - 175,791 175,791

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 183,995 86,468

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 20,398 3,187
Hire purchase contracts 128,692 60,877
Trade creditors 211,030 390,424
Taxation and social security 100,466 107,626
Other creditors 15,542 16,434
476,128 578,548

GROSVENOR APTEC LIMITED (REGISTERED NUMBER: 02765275)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 38,935 50,751