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REGISTERED NUMBER: 05839142 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Grantleys Limited

Grantleys Limited (Registered number: 05839142)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grantleys Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J W Ratcliff





SECRETARY: Mrs C L Ratcliff





REGISTERED OFFICE: Unit D3
Grafton Way
West Ham
Basingstoke
Hampshire
RG22 6HY





REGISTERED NUMBER: 05839142 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Grantleys Limited (Registered number: 05839142)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,317 9,990

CURRENT ASSETS
Stocks 2,050 1,967
Debtors 5 15,494 16,325
Cash at bank 107,225 102,361
124,769 120,653
CREDITORS
Amounts falling due within one year 6 58,954 63,333
NET CURRENT ASSETS 65,815 57,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,132

67,310

PROVISIONS FOR LIABILITIES 9 1,250 1,898
NET ASSETS 70,882 65,412

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 70,782 65,312
SHAREHOLDERS' FUNDS 70,882 65,412

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

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

Grantleys Limited (Registered number: 05839142)

Balance Sheet - continued
31 July 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 16 November 2023 and were signed by:





J W Ratcliff - Director


Grantleys Limited (Registered number: 05839142)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Grantleys 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.

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 - 25% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance

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

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


Grantleys Limited (Registered number: 05839142)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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
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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022 51,592 1,178 44,245 97,015
Disposals - - (14,995 ) (14,995 )
At 31 July 2023 51,592 1,178 29,250 82,020
DEPRECIATION
At 1 August 2022 49,273 663 37,089 87,025
Charge for year 581 177 1,414 2,172
Eliminated on disposal - - (13,494 ) (13,494 )
At 31 July 2023 49,854 840 25,009 75,703
NET BOOK VALUE
At 31 July 2023 1,738 338 4,241 6,317
At 31 July 2022 2,319 515 7,156 9,990


Grantleys Limited (Registered number: 05839142)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 11,113 12,134
Other debtors 4,381 4,191
15,494 16,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 31,170 28,786
Taxation and social security 23,521 26,735
Other creditors 4,263 7,812
58,954 63,333

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 26,277 26,197
Between one and five years 105,108 6,549
In more than five years 98,539 -
229,924 32,746

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   

9. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 1,250 1,898

Deferred
tax
£   
Balance at 1 August 2022 1,898
Accelerated capital allowances (648 )
Balance at 31 July 2023 1,250

Grantleys Limited (Registered number: 05839142)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100