Company Registration No. 10526339 (England and Wales)
GRANGE INDUSTRIES GROUP LIMITED
Unaudited accounts
for the year ended 31 December 2023
GRANGE INDUSTRIES GROUP LIMITED
Unaudited accounts
Contents
GRANGE INDUSTRIES GROUP LIMITED
Company Information
for the year ended 31 December 2023
Company Number
10526339 (England and Wales)
Registered Office
7 SWANBRIDGE COURT
BEDWAS HOUSE INDUSTRIAL ESTATE
CAERPHILLY
CF83 8FW
WALES
Accountants
williams lester accountants ltd
12 Cwrt Y Parc, Earlswood Road
Llanishen
Cardiff
Cardiff
CF14 5GH
GRANGE INDUSTRIES GROUP LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
39,384
55,289
Inventories
600,000
734,406
Cash at bank and in hand
(176,527)
(211,339)
Creditors: amounts falling due within one year
(711,137)
(929,619)
Net current assets/(liabilities)
16,148
(2,259)
Called up share capital
200
200
Profit and loss account
55,332
52,830
Shareholders' funds
55,532
53,030
For the year ending 31 December 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 August 2024 and were signed on its behalf by
R R Thomas
Director
Company Registration No. 10526339
GRANGE INDUSTRIES GROUP LIMITED
Notes to the Accounts
for the year ended 31 December 2023
GRANGE INDUSTRIES GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10526339. The registered office is 7 SWANBRIDGE COURT, BEDWAS HOUSE INDUSTRIAL ESTATE, CAERPHILLY, CF83 8FW, WALES.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
122,871
62,033
9,212
194,116
Disposals
-
(4,848)
-
(4,848)
At 31 December 2023
122,871
57,185
9,212
189,268
At 1 January 2023
87,786
45,011
6,030
138,827
Charge for the year
7,017
3,404
636
11,057
At 31 December 2023
94,803
48,415
6,666
149,884
At 31 December 2023
28,068
8,770
2,546
39,384
At 31 December 2022
35,085
17,022
3,182
55,289
GRANGE INDUSTRIES GROUP LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
302,437
407,054
Accrued income and prepayments
4,136
-
Other debtors
(2,761)
(2,761)
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
31,545
42,500
Trade creditors
341,981
478,180
Amounts owed to group undertakings and other participating interests
-
10,500
Taxes and social security
355,889
374,350
Other creditors
(442)
(648)
Loans from directors
127,330
181,590
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Average number of employees
During the year the average number of employees was 18 (2022: 18).