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REGISTERED NUMBER: 05514956 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Grange Roofing (NE) Limited

Grange Roofing (NE) Limited (Registered number: 05514956)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Grange Roofing (NE) Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: K Imeson
P M Imeson



REGISTERED OFFICE: 142 Tunstall Road
Tunstall
Sunderland
Tyne & Wear
SR2 9BQ



REGISTERED NUMBER: 05514956 (England and Wales)



ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: National Westminster Bank Plc
52 Fawcett Street
Sunderland
Tyne and Wear
SR1 1SB

Grange Roofing (NE) Limited (Registered number: 05514956)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,500 5,250
Tangible assets 5 14,816 26,469
18,316 31,719

CURRENT ASSETS
Debtors 6 16,132 15,756

CREDITORS
Amounts falling due within one year 7 21,034 35,872
NET CURRENT LIABILITIES (4,902 ) (20,116 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,414

11,603

PROVISIONS FOR LIABILITIES 2,919 5,029
NET ASSETS 10,495 6,574

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10,493 6,572
SHAREHOLDERS' FUNDS 10,495 6,574

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 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.

Grange Roofing (NE) Limited (Registered number: 05514956)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





K Imeson - Director


Grange Roofing (NE) Limited (Registered number: 05514956)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Grange Roofing (NE) 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover represents net invoiced sales of goods and services excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement 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 statement of financial position date.


Grange Roofing (NE) Limited (Registered number: 05514956)

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 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.

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.

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 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 35,000
AMORTISATION
At 1 August 2022 29,750
Amortisation for year 1,750
At 31 July 2023 31,500
NET BOOK VALUE
At 31 July 2023 3,500
At 31 July 2022 5,250

Grange Roofing (NE) Limited (Registered number: 05514956)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 4,368 3,430 61,966 287 70,051
Additions - - - 164 164
Disposals - - (38,295 ) - (38,295 )
At 31 July 2023 4,368 3,430 23,671 451 31,920
DEPRECIATION
At 1 August 2022 4,046 2,808 36,570 158 43,582
Charge for year 80 156 5,656 121 6,013
Eliminated on disposal - - (32,491 ) - (32,491 )
At 31 July 2023 4,126 2,964 9,735 279 17,104
NET BOOK VALUE
At 31 July 2023 242 466 13,936 172 14,816
At 31 July 2022 322 622 25,396 129 26,469

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,900 12,160
Other debtors 11,232 3,596
16,132 15,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,557 10,707
Trade creditors 121 3,343
Taxation and social security 16,379 12,674
Other creditors 2,977 9,148
21,034 35,872

Grange Roofing (NE) Limited (Registered number: 05514956)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
K Imeson
Balance outstanding at start of year (5,203 ) 3,125
Amounts advanced 57,651 43,128
Amounts repaid (41,401 ) (51,456 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,047 (5,203 )