IRIS Accounts Production v24.1.0.578 02624444 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 39027 39092 53937 12655 15398 12590 488 39027 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026244442023-03-31026244442024-03-31026244442023-04-012024-03-31026244442022-03-31026244442022-04-012023-03-31026244442023-03-3102624444ns15:EnglandWales2023-04-012024-03-3102624444ns14:PoundSterling2023-04-012024-03-3102624444ns10:Director12023-04-012024-03-3102624444ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102624444ns10:SmallEntities2023-04-012024-03-3102624444ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102624444ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102624444ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102624444ns10:FullAccounts2023-04-012024-03-3102624444ns10:OrdinaryShareClass12023-04-012024-03-310262444442ns10:Director22023-03-310262444442ns10:Director22022-03-310262444442ns10:Director22023-04-012024-03-310262444442ns10:Director22022-04-012023-03-310262444442ns10:Director22024-03-310262444442ns10:Director22023-03-3102624444ns10:Director22023-04-012024-03-3102624444ns10:RegisteredOffice2023-04-012024-03-3102624444ns5:CurrentFinancialInstruments2024-03-3102624444ns5:CurrentFinancialInstruments2023-03-3102624444ns5:ShareCapital2024-03-3102624444ns5:ShareCapital2023-03-3102624444ns5:RetainedEarningsAccumulatedLosses2024-03-3102624444ns5:RetainedEarningsAccumulatedLosses2023-03-3102624444ns5:PlantMachinery2023-04-012024-03-3102624444ns5:FurnitureFittings2023-04-012024-03-3102624444ns5:MotorVehicles2023-04-012024-03-3102624444ns5:ComputerEquipment2023-04-012024-03-3102624444ns5:PlantMachinery2023-03-3102624444ns5:FurnitureFittings2023-03-3102624444ns5:MotorVehicles2023-03-3102624444ns5:ComputerEquipment2023-03-3102624444ns5:PlantMachinery2024-03-3102624444ns5:FurnitureFittings2024-03-3102624444ns5:MotorVehicles2024-03-3102624444ns5:ComputerEquipment2024-03-3102624444ns5:PlantMachinery2023-03-3102624444ns5:FurnitureFittings2023-03-3102624444ns5:MotorVehicles2023-03-3102624444ns5:ComputerEquipment2023-03-3102624444ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102624444ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102624444ns10:OrdinaryShareClass12024-03-31026244441ns10:Director12023-03-31026244441ns10:Director12022-03-31026244441ns10:Director12023-04-012024-03-31026244441ns10:Director12022-04-012023-03-31026244441ns10:Director12024-03-31026244441ns10:Director12023-03-31
REGISTERED NUMBER: 02624444 (England and Wales)






GROSVENOR PARTITIONING AND STORAGE
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GROSVENOR PARTITIONING AND STORAGE
LIMITED (REGISTERED NUMBER: 02624444)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROSVENOR PARTITIONING AND STORAGE
LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mrs M P Troth
G P Troth





REGISTERED OFFICE: 1310 Solihull Parkway
Birmingham Business Park
Birmingham
West Midlands
B37 7YB





REGISTERED NUMBER: 02624444 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

GROSVENOR PARTITIONING AND STORAGE
LIMITED (REGISTERED NUMBER: 02624444)

BALANCE SHEET
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,305 11,631

CURRENT ASSETS
Debtors 5 25,380 5,831
Cash at bank and in hand 51,202 46,931
76,582 52,762
CREDITORS
Amounts falling due within one year 6 13,649 43,632
NET CURRENT ASSETS 62,933 9,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,238

20,761

PROVISIONS FOR LIABILITIES 1,768 2,140
NET ASSETS 70,470 18,621

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 70,370 18,521
SHAREHOLDERS' FUNDS 70,470 18,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GROSVENOR PARTITIONING AND STORAGE
LIMITED (REGISTERED NUMBER: 02624444)

BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2024 and were signed on its behalf by:





G P Troth - Director


GROSVENOR PARTITIONING AND STORAGE
LIMITED (REGISTERED NUMBER: 02624444)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Grosvenor Partitioning and Storage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion, when the stage of completion, costs incurred and costs to complete can be reliably estimated. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be reliably recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.


GROSVENOR PARTITIONING AND STORAGE
LIMITED (REGISTERED NUMBER: 02624444)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 18,379 11,949 10,000 9,310 49,638
DEPRECIATION
At 1 April 2023 15,218 11,479 2,000 9,310 38,007
Charge for year 632 94 1,600 - 2,326
At 31 March 2024 15,850 11,573 3,600 9,310 40,333
NET BOOK VALUE
At 31 March 2024 2,529 376 6,400 - 9,305
At 31 March 2023 3,161 470 8,000 - 11,631

GROSVENOR PARTITIONING AND STORAGE
LIMITED (REGISTERED NUMBER: 02624444)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 23,733 4,004
Prepayments 1,647 1,827
25,380 5,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 9,565 2,251
Corporation tax payable 1,147 -
Social security & other taxes 1,100 923
VAT 94 236
Directors' loan accounts 488 39,027
Accrued expenses 1,255 1,195
13,649 43,632

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
100 Ordinary £1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
G P Troth and Mrs M P Troth
Balance outstanding at start of year (39,027 ) (39,092 )
Amounts advanced 53,937 12,655
Amounts repaid (15,398 ) (12,590 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (488 ) (39,027 )

No interest is charged by directors' on loans to the company. Amounts are repayable on demand.