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REGISTERED NUMBER: 08063361 (England and Wales)















Grid North Site Engineering Limited

Unaudited Financial Statements for the Year Ended 31 May 2023






Grid North Site Engineering Limited (Registered number: 08063361)






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




Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Grid North Site Engineering Limited

Company Information
for the Year Ended 31 May 2023







Directors: Lisa Moughan
John Martin Moughan





Registered office: 21 Sefton Lane
Horwich
Bolton
BL6 6HJ





Registered number: 08063361 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Grid North Site Engineering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grid North Site Engineering Limited for the year ended 31 May 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Grid North Site Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Grid North Site Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Grid North Site Engineering Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Grid North Site Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Grid North Site Engineering Limited. You consider that Grid North Site Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Grid North Site Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY


9 February 2024

Grid North Site Engineering Limited (Registered number: 08063361)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,654 4,264

Current assets
Debtors 5 23,274 17,467
Cash at bank 83,410 70,261
106,684 87,728
Creditors
Amounts falling due within one year 6 54,499 52,035
Net current assets 52,185 35,693
Total assets less current liabilities 55,839 39,957

Creditors
Amounts falling due after more than one
year

7

(9,223

)

(13,176

)

Provisions for liabilities 8 (1,251 ) (810 )
Net assets 45,365 25,971

Grid North Site Engineering Limited (Registered number: 08063361)

Statement of Financial Position - continued
31 May 2023

2023 2022
Notes £    £    £    £   
Capital and reserves
Called up share capital 9 100 100
Retained earnings 45,265 25,871
Shareholders' funds 45,365 25,971

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

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

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 9 February 2024 and were signed on its behalf by:





Lisa Moughan - Director


Grid North Site Engineering Limited (Registered number: 08063361)

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

1. Statutory information

Grid North Site Engineering 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 for construction engineering services provided, net of Value Added Tax.

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 - 20% on reducing balance
Computer equipment - straight line

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Grid North Site Engineering Limited (Registered number: 08063361)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 statement of financial position 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.

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 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 June 2022 15,777 1,847 17,624
Additions - 397 397
At 31 May 2023 15,777 2,244 18,021
Depreciation
At 1 June 2022 11,936 1,424 13,360
Charge for year 768 239 1,007
At 31 May 2023 12,704 1,663 14,367
Net book value
At 31 May 2023 3,073 581 3,654
At 31 May 2022 3,841 423 4,264

Grid North Site Engineering Limited (Registered number: 08063361)

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

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 5,180 -
Other debtors 18,094 17,467
23,274 17,467

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 4,000 477
Taxation and social security 9,488 7,405
Other creditors 41,011 44,153
54,499 52,035

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 9,223 13,176

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 1,251 810

Deferred
tax
£   
Balance at 1 June 2022 810
Provided during year 441
Balance at 31 May 2023 1,251

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100