IRIS Accounts Production v24.2.0.383 06789174 Board of Directors 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:kWh067891742023-03-31067891742024-03-31067891742023-04-012024-03-31067891742022-03-31067891742022-04-012023-03-31067891742023-03-3106789174ns15:EnglandWales2023-04-012024-03-3106789174ns14:PoundSterling2023-04-012024-03-3106789174ns10:Director12023-04-012024-03-3106789174ns10:Director22023-04-012024-03-3106789174ns10:Director32023-04-012024-03-3106789174ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106789174ns10:SmallEntities2023-04-012024-03-3106789174ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3106789174ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106789174ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106789174ns10:FullAccounts2023-04-012024-03-3106789174ns10:RegisteredOffice2023-04-012024-03-3106789174ns5:CurrentFinancialInstruments2024-03-3106789174ns5:CurrentFinancialInstruments2023-03-3106789174ns5:ShareCapital2024-03-3106789174ns5:ShareCapital2023-03-3106789174ns5:RetainedEarningsAccumulatedLosses2024-03-3106789174ns5:RetainedEarningsAccumulatedLosses2023-03-3106789174ns5:FurnitureFittings2023-04-012024-03-3106789174ns5:PlantMachinery2023-03-3106789174ns5:FurnitureFittings2023-03-3106789174ns5:PlantMachinery2023-04-012024-03-3106789174ns5:PlantMachinery2024-03-3106789174ns5:FurnitureFittings2024-03-3106789174ns5:PlantMachinery2023-03-3106789174ns5:FurnitureFittings2023-03-3106789174ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106789174ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 06789174 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GRALF LIMITED

GRALF LIMITED (REGISTERED NUMBER: 06789174)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

GRALF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S J Graham
Mrs H Graham
Mrs T Beccles





REGISTERED OFFICE: Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD





REGISTERED NUMBER: 06789174 (England and Wales)





ACCOUNTANTS: Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD

GRALF LIMITED (REGISTERED NUMBER: 06789174)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,430 21,683

CURRENT ASSETS
Debtors 5 2,473,116 683,790
Cash at bank 628,498 1,500,428
3,101,614 2,184,218
CREDITORS
Amounts falling due within one year 6 827,518 396,416
NET CURRENT ASSETS 2,274,096 1,787,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,292,526

1,809,485

PROVISIONS FOR LIABILITIES - 4,120
NET ASSETS 2,292,526 1,805,365

CAPITAL AND RESERVES
Called up share capital 208 208
Retained earnings 2,292,318 1,805,157
SHAREHOLDERS' FUNDS 2,292,526 1,805,365

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.

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 1 May 2024 and were signed on its behalf by:



S J Graham - Director Mrs H Graham - Director



Mrs T Beccles - Director


GRALF LIMITED (REGISTERED NUMBER: 06789174)

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

1. STATUTORY INFORMATION

Gralf 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 33% on reducing balance

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.

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 4 (2023 - 4 ) .

GRALF LIMITED (REGISTERED NUMBER: 06789174)

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

4. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings
machinery & equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 31,390 8,160 39,550
DEPRECIATION
At 1 April 2023 12,652 5,215 17,867
Charge for year 2,811 442 3,253
At 31 March 2024 15,463 5,657 21,120
NET BOOK VALUE
At 31 March 2024 15,927 2,503 18,430
At 31 March 2023 18,738 2,945 21,683

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,473,116 683,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 2,200
Taxation and social security 826,018 393,306
Other creditors 1,500 910
827,518 396,416

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 16 March 2024 an amount of £1,866,483 (2023 £515,877) was due from the directors, which amount is included within debtors on the balance sheet.

8. ULTIMATE CONTROLLING PARTY

The controlling party is S J and H Graham.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GRALF LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gralf Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Gralf Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gralf Limited and state those matters that we have agreed to state to the Board of Directors of Gralf Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gralf Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gralf Limited. You consider that Gralf Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gralf Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD


1 May 2024