IRIS Accounts Production v24.1.9.2 04409802 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044098022023-03-31044098022024-03-31044098022023-04-012024-03-31044098022022-03-31044098022022-04-012023-03-31044098022023-03-3104409802ns15:EnglandWales2023-04-012024-03-3104409802ns14:PoundSterling2023-04-012024-03-3104409802ns10:Director12023-04-012024-03-3104409802ns10:Director22023-04-012024-03-3104409802ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104409802ns10:SmallEntities2023-04-012024-03-3104409802ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104409802ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104409802ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104409802ns10:FullAccounts2023-04-012024-03-3104409802ns10:RegisteredOffice2023-04-012024-03-3104409802ns5:CurrentFinancialInstruments2024-03-3104409802ns5:CurrentFinancialInstruments2023-03-3104409802ns5:ShareCapital2024-03-3104409802ns5:ShareCapital2023-03-3104409802ns5:RetainedEarningsAccumulatedLosses2024-03-3104409802ns5:RetainedEarningsAccumulatedLosses2023-03-3104409802ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3104409802ns5:PlantMachinery2023-04-012024-03-3104409802ns5:MotorVehicles2023-04-012024-03-3104409802ns5:LandBuildings2023-03-3104409802ns5:PlantMachinery2023-03-3104409802ns5:MotorVehicles2023-03-3104409802ns5:ComputerEquipment2023-03-3104409802ns5:LandBuildings2023-04-012024-03-3104409802ns5:ComputerEquipment2023-04-012024-03-3104409802ns5:LandBuildings2024-03-3104409802ns5:PlantMachinery2024-03-3104409802ns5:MotorVehicles2024-03-3104409802ns5:ComputerEquipment2024-03-3104409802ns5:LandBuildings2023-03-3104409802ns5:PlantMachinery2023-03-3104409802ns5:MotorVehicles2023-03-3104409802ns5:ComputerEquipment2023-03-3104409802ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104409802ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 04409802 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

WORMSTORE LIMITED
TRADING AS
G'GRABS HIRE YORK

WORMSTORE LIMITED (REGISTERED NUMBER: 04409802)
TRADING AS G'GRABS HIRE YORK






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WORMSTORE LIMITED
TRADING AS G'GRABS HIRE YORK

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: R H Elstone
Mrs J E Elstone





REGISTERED OFFICE: The Worm Barn
Sykes Lane
Tollerton
York
YO61 1RE





REGISTERED NUMBER: 04409802 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

WORMSTORE LIMITED (REGISTERED NUMBER: 04409802)
TRADING AS G'GRABS HIRE YORK

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,454 73,045

CURRENT ASSETS
Stocks 1,300 1,300
Debtors 5 46,306 44,971
Cash at bank 71,703 65,817
119,309 112,088
CREDITORS
Amounts falling due within one year 6 84,679 87,132
NET CURRENT ASSETS 34,630 24,956
TOTAL ASSETS LESS CURRENT LIABILITIES 103,084 98,001

PROVISIONS FOR LIABILITIES 7,825 8,314
NET ASSETS 95,259 89,687

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 95,257 89,685
SHAREHOLDERS' FUNDS 95,259 89,687

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

WORMSTORE LIMITED (REGISTERED NUMBER: 04409802)
TRADING AS G'GRABS HIRE YORK

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 30th June 2024 and were signed on its behalf by:




R H Elstone - Director



Mrs J E Elstone - Director


WORMSTORE LIMITED (REGISTERED NUMBER: 04409802)
TRADING AS G'GRABS HIRE YORK

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Wormstore 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.

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 and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Income is recognised when the services have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

WORMSTORE LIMITED (REGISTERED NUMBER: 04409802)
TRADING AS G'GRABS HIRE YORK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 67,945 58,844 23,000 916 150,705
Additions 3,543 2,762 - - 6,305
At 31st March 2024 71,488 61,606 23,000 916 157,010
DEPRECIATION
At 1st April 2023 23,624 37,397 15,723 916 77,660
Charge for year 2,859 6,218 1,819 - 10,896
At 31st March 2024 26,483 43,615 17,542 916 88,556
NET BOOK VALUE
At 31st March 2024 45,005 17,991 5,458 - 68,454
At 31st March 2023 44,321 21,447 7,277 - 73,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,746 19,564
Other debtors 2,560 25,407
46,306 44,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,983 5,234
Taxation and social security 5,522 6,334
Other creditors 71,174 75,564
84,679 87,132

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £69,952 (2023 - £74,076) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.