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REGISTERED NUMBER: 02891183 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Grimsby Resin Floors Limited

Grimsby Resin Floors Limited (Registered number: 02891183)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grimsby Resin Floors Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr A Rees
Mr K Lundy
Mr D Rees
Miss M S Rees
Mr M R Bizby





SECRETARY: Miss M S Rees





REGISTERED OFFICE: 28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 02891183 (England and Wales)

Grimsby Resin Floors Limited (Registered number: 02891183)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Stocks 4 30,000 17,300
Debtors 5 363,904 434,278
Cash at bank and in hand 397,349 356,680
791,253 808,258
CREDITORS
Amounts falling due within one year 6 135,688 166,049
NET CURRENT ASSETS 655,565 642,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

655,565

642,209

CAPITAL AND RESERVES
Called up share capital 106 106
Retained earnings 7 655,459 642,103
SHAREHOLDERS' FUNDS 655,565 642,209

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

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

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 PROFIT AND LOSS ACCOUNT has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Mr A Rees - Director


Grimsby Resin Floors Limited (Registered number: 02891183)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Grimsby Resin Floors 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, excluding discounts, rebates, value added tax and other sales taxes.

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 PROFIT AND LOSS ACCOUNT, 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 16 (2023 - 15 ) .

4. STOCKS
31.1.24 31.1.23
£    £   
Stocks 30,000 17,300

Grimsby Resin Floors Limited (Registered number: 02891183)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 324,434 398,358
Other debtors 39,470 35,920
363,904 434,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 95,904 48,296
Taxation and social security 21,869 101,875
Other creditors 17,915 15,878
135,688 166,049

7. RESERVES
Retained
earnings
£   

At 1 February 2023 642,103
Profit for the year 18,556
Dividends (5,200 )
At 31 January 2024 655,459

8. CONTINGENT LIABILITIES

As far as the Directors are aware they have not entered into any contracts which could give rise to a contingent liability.

9. ULTIMATE CONTROLLING PARTY

Mr A Rees is the ultimate controlling party as he owns 93% of the voting shares of the company.