Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Catherine Causebrook 07/04/2018 James Nicholas Causebrook 18/12/2014 Samantha Laurin Smith 07/04/2018 07 March 2024 The principal activity of the company in the year under review was that of agents for a manufacturer of food packaging machinery. 09361278 2023-10-31 09361278 bus:Director1 2023-10-31 09361278 bus:Director2 2023-10-31 09361278 bus:Director3 2023-10-31 09361278 2022-10-31 09361278 core:CurrentFinancialInstruments 2023-10-31 09361278 core:CurrentFinancialInstruments 2022-10-31 09361278 core:Non-currentFinancialInstruments 2023-10-31 09361278 core:Non-currentFinancialInstruments 2022-10-31 09361278 core:ShareCapital 2023-10-31 09361278 core:ShareCapital 2022-10-31 09361278 core:RetainedEarningsAccumulatedLosses 2023-10-31 09361278 core:RetainedEarningsAccumulatedLosses 2022-10-31 09361278 core:CostValuation 2022-10-31 09361278 core:CostValuation 2023-10-31 09361278 bus:OrdinaryShareClass1 2023-10-31 09361278 bus:OrdinaryShareClass2 2023-10-31 09361278 2022-11-01 2023-10-31 09361278 bus:FilletedAccounts 2022-11-01 2023-10-31 09361278 bus:SmallEntities 2022-11-01 2023-10-31 09361278 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09361278 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09361278 bus:Director1 2022-11-01 2023-10-31 09361278 bus:Director2 2022-11-01 2023-10-31 09361278 bus:Director3 2022-11-01 2023-10-31 09361278 2021-11-01 2022-10-31 09361278 core:Non-currentFinancialInstruments 2022-11-01 2023-10-31 09361278 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 09361278 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 09361278 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 09361278 bus:OrdinaryShareClass2 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09361278 (England and Wales)

GRUNWALD ENGINEERING SERVICES LTD

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

GRUNWALD ENGINEERING SERVICES LTD

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

GRUNWALD ENGINEERING SERVICES LTD

COMPANY INFORMATION

For the financial year ended 31 October 2023
GRUNWALD ENGINEERING SERVICES LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Catherine Causebrook
James Nicholas Causebrook
Samantha Laurin Smith
REGISTERED OFFICE 18 Northgate
Sleaford
NG34 7BJ
United Kingdom
BUSINESS ADDRESS Unit 1
Blankney Grange
Longwood Lane
Blankney
Lincoln
LN4 3BD
COMPANY NUMBER 09361278 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ
GRUNWALD ENGINEERING SERVICES LTD

STATEMENT OF FINANCIAL POSITION

As at 31 October 2023
GRUNWALD ENGINEERING SERVICES LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 279,450 279,450
279,450 279,450
Current assets
Debtors 4 109 105
Cash at bank and in hand 2,797 2,215
2,906 2,320
Creditors: amounts falling due within one year 5 ( 212,325) ( 258,673)
Net current liabilities (209,419) (256,353)
Total assets less current liabilities 70,031 23,097
Creditors: amounts falling due after more than one year 6 ( 16,514) ( 25,813)
Net assets/(liabilities) 53,517 ( 2,716)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 53,417 ( 2,816 )
Total shareholders' funds/(deficit) 53,517 ( 2,716)

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Grunwald Engineering Services Ltd (registered number: 09361278) were approved and authorised for issue by the Board of Directors on 07 March 2024. They were signed on its behalf by:

James Nicholas Causebrook
Director
GRUNWALD ENGINEERING SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
GRUNWALD ENGINEERING SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Grunwald Engineering Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Northgate, Sleaford, NG34 7BJ, United Kingdom. The principal place of business is Unit 1, Blankney Grange, Longwood Lane, Blankney, Lincoln, LN4 3BD.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Fixed asset investments

The value of the company's interest in it's subsidiary company Grunwald UK Limited is reflected at the original value of the company at the time of it's acquisition. The directors consider any diminution in value experienced by the subsidiary since acquisition is not permanent, and as such no adjustment has been made in the financial statements.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 November 2022 279,450
At 31 October 2023 279,450
Carrying value at 31 October 2023 279,450
Carrying value at 31 October 2022 279,450

4. Debtors

2023 2022
£ £
Other debtors 109 105

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,098 10,648
Amounts owed to Group undertakings 199,748 246,459
Other taxation and social security 1,139 436
Other creditors 1,340 1,130
212,325 258,673

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 16,514 25,813

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
55 B ordinary shares of £ 1.00 each 55 55
45 C ordinary shares of £ 1.00 each 45 45
100 100