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REGISTERED NUMBER: 12467439 (England and Wales)















The Graincompany Ltd

Unaudited Financial Statements for the Year Ended 28 February 2023






The Graincompany Ltd (Registered number: 12467439)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


The Graincompany Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J Valentine





REGISTERED OFFICE: Primrose Farm
Station Road
Tilney All Saints
Kings Lynn
PE34 4SP





REGISTERED NUMBER: 12467439 (England and Wales)





ACCOUNTANTS: Salway and Wright
22 Church Street
Holbeach
Lincolnshire
PE12 7LL

The Graincompany Ltd (Registered number: 12467439)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,440 82,094

CURRENT ASSETS
Debtors 5 791 8,562
Cash at bank 2,885 11,467
3,676 20,029
CREDITORS
Amounts falling due within one year 6 70,583 99,115
NET CURRENT LIABILITIES (66,907 ) (79,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,533

3,008

CREDITORS
Amounts falling due after more than one
year

7

26,948

-
NET ASSETS 6,585 3,008

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,485 2,908
6,585 3,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

The Graincompany Ltd (Registered number: 12467439)

Balance Sheet - continued
28 February 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 8 September 2023 and were signed by:





J Valentine - Director


The Graincompany Ltd (Registered number: 12467439)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

The Graincompany Ltd 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.
Equipment - 25% on reducing balance
Motor vehicles - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

The Graincompany Ltd (Registered number: 12467439)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 March 2022 85,277 - 85,277
Additions 1,811 29,745 31,556
At 28 February 2023 87,088 29,745 116,833
DEPRECIATION
At 1 March 2022 3,183 - 3,183
Charge for year 9,874 3,336 13,210
At 28 February 2023 13,057 3,336 16,393
NET BOOK VALUE
At 28 February 2023 74,031 26,409 100,440
At 28 February 2022 82,094 - 82,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 791 8,562

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 17,770 -
Trade creditors 800 11,820
Taxation and social security - 2,544
Other creditors 52,013 84,751
70,583 99,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 26,948 -