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Company Registration No. NI627702 (Northern Ireland)
Grant Bros Developments Ltd Unaudited accounts for the year ended 31 October 2023
Grant Bros Developments Ltd Unaudited accounts Contents
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Grant Bros Developments Ltd Company Information for the year ended 31 October 2023
Directors
Lee Grant Gavin Grant
Company Number
NI627702 (Northern Ireland)
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Grant Bros Developments Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
196,096 
183,787 
Current assets
Inventories
146,046 
96,046 
Debtors
176,696 
127,317 
Cash at bank and in hand
9,946 
56,539 
332,688 
279,902 
Creditors: amounts falling due within one year
(198,845)
(148,199)
Net current assets
133,843 
131,703 
Net assets
329,939 
315,490 
Capital and reserves
Called up share capital
30 
30 
Capital redemption reserve
(25,500)
(25,500)
Profit and loss account
355,409 
340,960 
Shareholders' funds
329,939 
315,490 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Gavin Grant Director Company Registration No. NI627702
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Grant Bros Developments Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Grant Bros Developments Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI627702.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
321,599 
Additions
61,332 
At 31 October 2023
382,931 
Depreciation
At 1 November 2022
137,812 
Charge for the year
49,023 
At 31 October 2023
186,835 
Net book value
At 31 October 2023
196,096 
At 31 October 2022
183,787 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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