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REGISTERED NUMBER: 04069472 (England and Wales)










GRC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023






GRC LIMITED (REGISTERED NUMBER: 04069472)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


GRC LIMITED (REGISTERED NUMBER: 04069472)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,134 191
Investments 5 48,788 46,076
88,922 46,267

CURRENT ASSETS
Debtors 6 194 -
Cash at bank and in hand 20,382 42,310
20,576 42,310
CREDITORS
Amounts falling due within one year 7 9,475 16,880
NET CURRENT ASSETS 11,101 25,430
TOTAL ASSETS LESS CURRENT LIABILITIES 100,023 71,697

PROVISIONS FOR LIABILITIES 10,530 -
NET ASSETS 89,493 71,697

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 89,491 71,695
SHAREHOLDERS' FUNDS 89,493 71,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th February 2024 and were signed on its behalf by:



P K Stewart - Director


GRC LIMITED (REGISTERED NUMBER: 04069472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

GRC Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04069472

Registered office: Water Gate
The New Walk
York
Yorkshire
YO10 4BU

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 as modified by the revaluation of certain assets.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.
Computer equipment - 25% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes cost directly attributable to making the asset capable of operating as intended.

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.

Interest receivable
Interest is recognised within the profit and loss account as it accrues.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Investments
Investments held as fixed assets are stated at market value.

GRC LIMITED (REGISTERED NUMBER: 04069472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2022 2,664
Additions 46,859
At 30th September 2023 49,523
DEPRECIATION
At 1st October 2022 2,473
Charge for year 6,916
At 30th September 2023 9,389
NET BOOK VALUE
At 30th September 2023 40,134
At 30th September 2022 191

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st October 2022 46,076
Additions 898
Disposals (373 )
Revaluations 2,187
At 30th September 2023 48,788
NET BOOK VALUE
At 30th September 2023 48,788
At 30th September 2022 46,076

If fixed asset investments had not been revalued they would have been included at historical cost: £46,803 (2022: £46,348).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 194 -

GRC LIMITED (REGISTERED NUMBER: 04069472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,180 9,335
Other creditors 6,295 7,545
9,475 16,880

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2