Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09014104 Mr Lewis Hanson Mr Ian Hanson Mrs Tammy Hanson Mrs Tammy Hanson Ian & Tammy & Lewis Hanson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09014104 2023-04-30 09014104 2024-04-30 09014104 2023-05-01 2024-04-30 09014104 frs-core:CurrentFinancialInstruments 2024-04-30 09014104 frs-core:Non-currentFinancialInstruments 2024-04-30 09014104 frs-core:MotorVehicles 2024-04-30 09014104 frs-core:MotorVehicles 2023-05-01 2024-04-30 09014104 frs-core:MotorVehicles 2023-04-30 09014104 frs-core:PlantMachinery 2024-04-30 09014104 frs-core:PlantMachinery 2023-05-01 2024-04-30 09014104 frs-core:PlantMachinery 2023-04-30 09014104 frs-core:ShareCapital 2024-04-30 09014104 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09014104 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09014104 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09014104 frs-bus:SmallEntities 2023-05-01 2024-04-30 09014104 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09014104 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09014104 1 2023-05-01 2024-04-30 09014104 frs-bus:Director1 2023-05-01 2024-04-30 09014104 frs-bus:Director2 2023-05-01 2024-04-30 09014104 frs-bus:Director3 2023-05-01 2024-04-30 09014104 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 09014104 frs-countries:EnglandWales 2023-05-01 2024-04-30 09014104 2022-04-30 09014104 2023-04-30 09014104 2022-05-01 2023-04-30 09014104 frs-core:CurrentFinancialInstruments 2023-04-30 09014104 frs-core:Non-currentFinancialInstruments 2023-04-30 09014104 frs-core:ShareCapital 2023-04-30 09014104 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 09014104
GRS Fabrications Limited
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09014104
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,946 1,000
7,946 1,000
CURRENT ASSETS
Debtors 5 20,754 5,961
Cash at bank and in hand 3,380 1,248
24,134 7,209
Creditors: Amounts Falling Due Within One Year 6 (10,085 ) (6,728 )
NET CURRENT ASSETS (LIABILITIES) 14,049 481
TOTAL ASSETS LESS CURRENT LIABILITIES 21,995 1,481
Creditors: Amounts Falling Due After More Than One Year 7 - (338 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,510 ) -
NET ASSETS 20,485 1,143
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 20,385 1,043
SHAREHOLDERS' FUNDS 20,485 1,143
Page 1
Page 2
For the year ending 30 April 2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Hanson
Director
22nd July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GRS Fabrications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09014104 . The registered office is Unit 1 Pasture Lane, Market Rasen, Lincolnshire, LN8 3DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 3
4 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 7,100 3,425 10,525
Additions 3,333 6,600 9,933
As at 30 April 2024 10,433 10,025 20,458
Depreciation
As at 1 May 2023 6,100 3,425 9,525
Provided during the period 1,667 1,320 2,987
As at 30 April 2024 7,767 4,745 12,512
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 2,666 5,280 7,946
As at 1 May 2023 1,000 - 1,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,809 5,371
Deferred tax current asset - 590
19,809 5,961
Due after more than one year
Other taxes and social security 945 -
20,754 5,961
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,466 -
VAT 4,666 887
Accruals and deferred income 550 480
Directors' loan accounts 403 5,361
10,085 6,728
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other taxes and social security - 338
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Ian & Tammy & Lewis Hanson by virtue of their ownership of 100% of the issued share capital in the company.
Page 4