Registered number
10262468
Grimtech Limited
Unaudited Filleted Accounts
31 October 2023
Grimtech Limited
Registered number: 10262468
Statement of Financial Position
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 615 820
Current assets
Debtors 4 6,201 6,201
Cash at bank and in hand 38 1,823
6,239 8,024
Creditors: amounts falling due within one year 5 (7,523) (8,547)
Net current liabilities (1,284) (523)
Total assets less current liabilities (669) 297
Provisions for liabilities - (156)
Net (liabilities)/assets (669) 141
Capital and reserves
Called up share capital 100 100
Profit and loss account (769) 41
Shareholder's funds (669) 141
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr E T Grimwood
Director
Approved by the board on 29 July 2024
Grimtech Limited
Notes to the Financial Statements
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
No income was received during the financial year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 1,536
At 31 October 2023 1,536
Depreciation
At 1 November 2022 716
Charge for the year 205
At 31 October 2023 921
Net book value
At 31 October 2023 615
At 31 October 2022 820
4 Debtors 2023 2022
£ £
Other debtors 6,201 6,201
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 283
Taxation and social security costs 7,043 8,264
Accruals 480 -
7,523 8,547
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr E T Grimwood
Advances and credits with the company 6,201 - - 6,201
6,201 - - 6,201
7 Other information
Grimtech Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Sapphire Drive
Ripley
Derbyshire
DE5 8NL
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