GRECH DRAWING MANAGEMENT LIMITED

Company Registration Number:
03730434 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

GRECH DRAWING MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

GRECH DRAWING MANAGEMENT LIMITED

Company Information

for the Period Ended 31 March 2023




Director: E S Grech
Mrs T Grech
Miss J Grech
Secretary: Mrs T Grech
Registered office: 25
Orchard Road
Sundridge Park
Bromley
Kent
BR1 2PR
Company Registration Number: 03730434 (England and Wales)

GRECH DRAWING MANAGEMENT LIMITED

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal Activities

The principal activity of the company in the period under review continues to be that of providing drawing design services.

Political and charitable donations

During the year the company did not make any political or charitable contributions.

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
E S Grech
Mrs T Grech
Miss J Grech

Secretary
Mrs T Grech

This report was approved by the board of directors on 13 November 2023
And Signed On Behalf Of The Board By:

Name: E S Grech
Status: Director

GRECH DRAWING MANAGEMENT LIMITED

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Turnover 12,520 52,950
Cost of sales ( 582 ) ( 6,231 )
Gross Profit or (Loss) 11,938 46,719
Administrative Expenses ( 18,892 ) ( 40,556 )
Operating Profit or (Loss) ( 6,954 ) 6,163
Interest Receivable and Similar Income 2,613 91
Profit or (Loss) Before Tax ( 4,341 ) 6,254
Tax on Profit ( 0 ) ( 1,972 )
Profit or (Loss) for Period ( 4,341 ) 4,282

The notes form part of these financial statements

GRECH DRAWING MANAGEMENT LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 5 11,551 13,338
Total fixed assets: 11,551 13,338
Current assets
Debtors: 6 12,520 42
Cash at bank and in hand: 763,597 936,711
Total current assets: 776,117 936,753
Creditors: amounts falling due within one year: 7 ( 1,062 ) ( 5,144 )
Net current assets (liabilities): 775,055 931,609
Total assets less current liabilities: 786,606 944,947
Total net assets (liabilities): 786,606 944,947

The notes form part of these financial statements

GRECH DRAWING MANAGEMENT LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 786,506 944,847
Shareholders funds: 786,606 944,947

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 November 2023
And Signed On Behalf Of The Board By:

Name: E S Grech
Status: Director

The notes form part of these financial statements

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    The accounts have been prepared under the historical costs convention.

    Turnover policy

    Turnover represents net invoiced sales of services, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures, fittings and equipment :- 15% on reducing balance.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed when circumstances indicate that the carrying value of an asset may not be fully recoverable.

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 3 3

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Dividends


2023
£

2022
£
Dividends paid 154,000 178,000

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 April 2022 64,925 64,925
Additions 251 251
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2023 65,176 65,176
Depreciation
At 01 April 2022 51,587 51,587
Charge for year 2,038 2,038
On disposals - -
Other adjustments - -
At 31 March 2023 53,625 53,625
Net book value
At 31 March 2023 11,551 11,551
At 31 March 2022 13,338 13,338

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Debtors


2023
£

2022
£
Trade debtors 12,520 0
Other debtors 0 42
Total 12,520 42

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 598 1,066
Taxation and social security 0 1,972
Other creditors 464 2,106
Total 1,062 5,144

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 8. Financial Commitments

    There were no capital commitments either contracted for or authorised by the directors but not contracted for at 31 March 2023 (2022: £nil).

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 9. Post balance sheet events

    There were no significant post balance sheet events.