Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-01falseNo description of principal activity2425falsetrue 05592998 2022-11-01 2023-10-31 05592998 2021-11-01 2022-10-31 05592998 2023-10-31 05592998 2022-10-31 05592998 1 2022-11-01 2023-10-31 05592998 d:Director1 2022-11-01 2023-10-31 05592998 c:PlantMachinery 2022-11-01 2023-10-31 05592998 c:PlantMachinery 2023-10-31 05592998 c:PlantMachinery 2022-10-31 05592998 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 05592998 c:CurrentFinancialInstruments 2023-10-31 05592998 c:CurrentFinancialInstruments 2022-10-31 05592998 c:Non-currentFinancialInstruments 2023-10-31 05592998 c:Non-currentFinancialInstruments 2022-10-31 05592998 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 05592998 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-31 05592998 c:Non-currentFinancialInstruments c:AfterOneYear 2023-10-31 05592998 c:Non-currentFinancialInstruments c:AfterOneYear 2022-10-31 05592998 c:ShareCapital 2023-10-31 05592998 c:ShareCapital 2022-10-31 05592998 c:RetainedEarningsAccumulatedLosses 2023-10-31 05592998 c:RetainedEarningsAccumulatedLosses 2022-10-31 05592998 d:OrdinaryShareClass1 2022-11-01 2023-10-31 05592998 d:OrdinaryShareClass1 2023-10-31 05592998 d:OrdinaryShareClass1 2022-10-31 05592998 d:FRS102 2022-11-01 2023-10-31 05592998 d:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 05592998 d:FullAccounts 2022-11-01 2023-10-31 05592998 d:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05592998 c:AcceleratedTaxDepreciationDeferredTax 2023-10-31 05592998 c:AcceleratedTaxDepreciationDeferredTax 2022-10-31 05592998 2 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 05592998 (England and Wales)







GRADEWELL PLANT & HAULAGE LTD

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2023




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
GRADEWELL PLANT & HAULAGE LTD
REGISTERED NUMBER:05592998

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,586,183
9,423,455

  
11,586,183
9,423,455

Current assets
  

Debtors: amounts falling due within one year
 5 
2,390,863
1,814,516

Cash at bank and in hand
  
294,718
62,464

  
2,685,581
1,876,980

Creditors: amounts falling due within one year
 6 
(6,129,686)
(4,614,943)

Net current liabilities
  
 
 
(3,444,105)
 
 
(2,737,963)

Total assets less current liabilities
  
8,142,078
6,685,492

Creditors: amounts falling due after more than one year
 7 
(4,859,571)
(3,739,286)

Provisions for liabilities
  

Deferred tax
 8 
(1,685,927)
(864,216)

Net assets
  
 
 
1,596,580
 
 
2,081,990


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
1,596,579
2,081,989

  
1,596,580
2,081,990


Page 1

 
GRADEWELL PLANT & HAULAGE LTD
REGISTERED NUMBER:05592998
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 July 2024.




___________________________
Thomas Barrett
Director

Page 2

 
GRADEWELL PLANT & HAULAGE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Gradewell Plant & Haulage Limited is a private company limited by shares incorporated in England and Wales. The registered office is 73 Field Lane, Brentford, England, TW8 8NA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.

 
2.2

Going concern

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.

 
2.3

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.
When cash inflows are deferred and represent a financing arrangement, 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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Page 3

 
GRADEWELL PLANT & HAULAGE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 
2.7

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Depreciation is provided on the following basis:

Plant and machinery
-
16%
on NBV


3.


Employees

The average monthly number of employees, including directors, during the year was 24 (2022 - 25).

Page 4

 
GRADEWELL PLANT & HAULAGE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 November 2022
16,512,045


Additions
5,983,505


Disposals
(3,240,873)



At 31 October 2023

19,254,677



Depreciation


At 1 November 2022
7,088,590


Charge for the year on owned assets
2,529,905


Disposals
(1,950,001)



At 31 October 2023

7,668,494



Net book value



At 31 October 2023
11,586,183



At 31 October 2022
9,423,455


5.


Debtors

2023
2022
£
£


Trade debtors
2,204,468
1,706,754

Other debtors
88,555
51,055

Prepayments
97,840
56,707

2,390,863
1,814,516


Page 5

 
GRADEWELL PLANT & HAULAGE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Company credit card
-
13,930

Trade creditors
1,304,378
868,282

Amounts owed to related parties
1,016,851
579,979

Other taxation and social security
314,064
384,063

Obligations under finance lease and hire purchase contracts
3,337,525
2,702,765

Other creditors
144,368
40,924

Accruals
12,500
25,000

6,129,686
4,614,943



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
24,409
35,211

Net obligations under finance leases and hire purchase contracts
4,835,162
3,704,075

4,859,571
3,739,286



8.


Deferred taxation




2023


£






At beginning of year
(864,218)


Charged to profit or loss
(821,709)



At end of year
(1,685,927)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,685,927)
(864,218)

Page 6

 
GRADEWELL PLANT & HAULAGE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



10.


Profit and Loss Reserves

2023
2022
£
£



At the beginning of the year
2,081,989
1,769,218

Profit/(Loss) for the year
(485,410)
314,771

Dividend
-
(2,000)

1,596,579
2,081,989


11.


Post balance sheet events

There were no events since the year end which materially affected the company.


12.


Controlling party

Thomas Barrett owns 100% of the issued share capital of the company and is therefore the ultimate controller of the company.

 
Page 7