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REGISTERED NUMBER: 03519534 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

GRAIN CARPENTRY SOLUTIONS LIMITED

GRAIN CARPENTRY SOLUTIONS LIMITED (REGISTERED NUMBER: 03519534)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


GRAIN CARPENTRY SOLUTIONS LIMITED (REGISTERED NUMBER: 03519534)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,069 3,463

CURRENT ASSETS
Debtors 5 87,261 129,622
Cash at bank 3,594 18,947
90,855 148,569
CREDITORS
Amounts falling due within one year 6 51,635 100,801
NET CURRENT ASSETS 39,220 47,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,289

51,231

CREDITORS
Amounts falling due after more than one
year

7

(35,829

)

(41,255

)

PROVISIONS FOR LIABILITIES (649 ) (718 )
NET ASSETS 5,811 9,258

CAPITAL AND RESERVES
Called up share capital 92 92
Capital redemption reserve 210 210
Retained earnings 5,509 8,956
SHAREHOLDERS' FUNDS 5,811 9,258

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.

GRAIN CARPENTRY SOLUTIONS LIMITED (REGISTERED NUMBER: 03519534)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





Mr M Sacco - Director


GRAIN CARPENTRY SOLUTIONS LIMITED (REGISTERED NUMBER: 03519534)

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

1. STATUTORY INFORMATION

Grain Carpentry Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03519534

Registered office: 1 The Quadrant Centre
Limes Road
Weybridge
Surrey
KT13 8DH

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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 net invoiced sales of services, excluding value added tax, on an accruals basis.

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
Computer equipment - 33% on cost

All fixed assets are initially recorded at cost.

Government grants
Government grant income is recognised under the accruals model.

Grant income in respect of the Job Retention Scheme is recognised in the period to which the underlying furloughed staff costs relate.

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

Factoring of debts
Debts outstanding in relation to factored invoices, where the company retains all significant risks and benefits relating to the debts, are included in debtors. The amount advanced by the factor is included within creditors as amounts falling due within one year. Factoring charges incurred are included within administrative expenses and interest payable as appropriate.

Debtors
Short term debtors are measured at the transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

GRAIN CARPENTRY SOLUTIONS LIMITED (REGISTERED NUMBER: 03519534)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 11,330 46,089 57,419
Additions - 458 458
At 31 March 2023 11,330 46,547 57,877
DEPRECIATION
At 1 April 2022 8,715 45,241 53,956
Charge for year 168 684 852
At 31 March 2023 8,883 45,925 54,808
NET BOOK VALUE
At 31 March 2023 2,447 622 3,069
At 31 March 2022 2,615 848 3,463

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 72,328 111,717
Prepayments and accrued income 14,933 17,905
87,261 129,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,427 5,326
Trade creditors 2,066 23,324
Social security and other taxes 26,457 16,246
VAT 1,087 3,465
Other creditors 2,600 37,273
Directors' current accounts 1,383 759
Accruals and deferred income 12,615 14,408
51,635 100,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-5 years 22,758 22,333
Bank loans more 5 yr by instal 13,071 18,922
35,829 41,255

GRAIN CARPENTRY SOLUTIONS LIMITED (REGISTERED NUMBER: 03519534)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,071 18,922

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Other creditors 2,600 37,273