1 false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2021 - FRS102_2021 6,771 5,841 12,612 4,027 1,717 5,744 6,868 2,744 xbrli:pure xbrli:shares iso4217:GBP 04059554 2022-09-01 2023-08-31 04059554 2023-08-31 04059554 2022-08-31 04059554 2021-09-01 2022-08-31 04059554 2022-08-31 04059554 core:FurnitureFittings 2022-09-01 2023-08-31 04059554 bus:Director1 2022-09-01 2023-08-31 04059554 core:FurnitureFittings 2022-08-31 04059554 core:FurnitureFittings 2023-08-31 04059554 core:WithinOneYear 2023-08-31 04059554 core:WithinOneYear 2022-08-31 04059554 core:ShareCapital 2023-08-31 04059554 core:ShareCapital 2022-08-31 04059554 core:RetainedEarningsAccumulatedLosses 2023-08-31 04059554 core:RetainedEarningsAccumulatedLosses 2022-08-31 04059554 core:FurnitureFittings 2022-08-31 04059554 bus:Director1 2022-08-31 04059554 bus:Director1 2023-08-31 04059554 bus:Director1 2021-08-31 04059554 bus:Director1 2022-08-31 04059554 bus:Director1 2021-09-01 2022-08-31 04059554 bus:SmallEntities 2022-09-01 2023-08-31 04059554 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 04059554 bus:FullAccounts 2022-09-01 2023-08-31 04059554 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 04059554 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
COMPANY REGISTRATION NUMBER: 04059554
Grange Tec Solutions Limited
Filleted Unaudited Financial Statements
31 August 2023
Grange Tec Solutions Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
6,868
2,744
Current assets
Debtors
6
5,180
2,309
Cash at bank and in hand
57,451
82,060
------------
------------
62,631
84,369
Creditors: amounts falling due within one year
7
2,127
6,771
------------
------------
Net current assets
60,504
77,598
------------
------------
Total assets less current liabilities
67,372
80,342
Provisions
2,010
652
------------
------------
Net assets
65,362
79,690
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
65,360
79,688
------------
------------
Shareholder funds
65,362
79,690
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Grange Tec Solutions Limited
Statement of Financial Position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 8 February 2024 , and are signed on behalf of the board by:
Mr J A Eames
Director
Company registration number: 04059554
Grange Tec Solutions Limited
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 3 Sea Court, Taunton Road, Swanage, BH19 2BG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 September 2022
6,771
Additions
5,841
------------
At 31 August 2023
12,612
------------
Depreciation
At 1 September 2022
4,027
Charge for the year
1,717
------------
At 31 August 2023
5,744
------------
Carrying amount
At 31 August 2023
6,868
------------
At 31 August 2022
2,744
------------
6. Debtors
2023
2022
£
£
Trade debtors
2,100
Other debtors
3,080
2,309
------------
------------
5,180
2,309
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
5,499
Other creditors
2,127
1,272
------------
------------
2,127
6,771
------------
------------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J A Eames
( 506)
( 620)
( 1,126)
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J A Eames
( 167)
( 339)
( 506)
------------
------------
------------