Company Registration No. 05487004 (England and Wales)
GRADEWELL CONSTRUCTION LIMITED
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE
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GRADEWELL CONSTRUCTION LIMITED
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COMPANY INFORMATION
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Chartered Certified Accountants
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GRADEWELL CONSTRUCTION LIMITED
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CONTENTS
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Notes to the Financial Statements
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GRADEWELL CONSTRUCTION LIMITED
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DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 JUNE 2023
The director presents his report and the financial statements for the year ended 30 June 2023.
The principal activity of the company was that of labour supply to the construction industry.
The director who served during the year was:
In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on 14 February 2024 and signed on its behalf.
___________________________
Thomas Barrett
Director
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GRADEWELL CONSTRUCTION LIMITED
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PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2023
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Profit for the financial year
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GRADEWELL CONSTRUCTION LIMITED
REGISTERED NUMBER:05487004
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BALANCE SHEET
AS AT 30 JUNE 2023
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 February 2024.
___________________________
Thomas Barrett
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GRADEWELL CONSTRUCTION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
Gradewell Construction limited is a private company limited by shares incorporated in England and Wales. The registered office is 73 Field Lane, Brentford, TW8 8NA.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
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.
When cash inflows are deferred and represent a financing agreement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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The average monthly number of employees, including directors, during the year was 5 (2022 - 4).
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GRADEWELL CONSTRUCTION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
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Amounts owed by related undertakings
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The amounts owed by related undertakings are unsecured, interest free and repayable on demand.
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Creditors: Amounts falling due after more than one year
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GRADEWELL CONSTRUCTION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
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Allotted, called up and fully paid
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1 Ordinary share of £1.00
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Profit and loss account brought forward at the beginning of the year
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Movement in the profit and loss account
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Related party transactions
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The company is related to Gradewell Plant & Haulage Limited by viture of being under common control.
During the year, the company entered into the following transactions with related undertakings:
Hire of labour payable by Gradewell Plant & Haulage Limited £605,276 (2022 - £341,177).
Hire of plant and machinery payable to Gradewell Plant & Haulage Limited £141,957 (2022 - £340,129).
At the balance sheet date, the following amounts were owed by the related undertakings:
Gradewell Plant & Haulage Limited £726,871 (2022 - £333,196).
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Post balance sheet events
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There were no events since the year end which materially affected the company.
Thomas Barrett owns 100% of the issued share capital of the company and is therefore the ultimate controller of the company.
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