2023-01-012023-12-312023-12-31false11025699Minchin & Grimshaw Ltd.2024-09-03iso4217:GBPxbrli:pure110256992023-01-01110256992023-12-31110256992023-01-012023-12-31110256992022-01-01110256992022-12-31110256992022-01-012022-12-3111025699bus:SmallEntities2023-01-012023-12-3111025699bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3111025699bus:AbridgedAccounts2023-01-012023-12-3111025699bus:PrivateLimitedCompanyLtd2023-01-012023-12-3111025699core:WithinOneYear2023-12-3111025699core:AfterOneYear2023-12-3111025699core:WithinOneYear2022-12-3111025699core:AfterOneYear2022-12-3111025699core:ShareCapital2023-12-3111025699core:SharePremium2023-12-3111025699core:RevaluationReserve2023-12-3111025699core:OtherReservesSubtotal2023-12-3111025699core:RetainedEarningsAccumulatedLosses2023-12-3111025699core:ShareCapital2022-12-3111025699core:SharePremium2022-12-3111025699core:RevaluationReserve2022-12-3111025699core:OtherReservesSubtotal2022-12-3111025699core:RetainedEarningsAccumulatedLosses2022-12-3111025699core:LandBuildings2023-12-3111025699core:PlantMachinery2023-12-3111025699core:Vehicles2023-12-3111025699core:FurnitureFittings2023-12-3111025699core:OfficeEquipment2023-12-3111025699core:NetGoodwill2023-12-3111025699core:IntangibleAssetsOtherThanGoodwill2023-12-3111025699core:ListedExchangeTraded2023-12-3111025699core:UnlistedNon-exchangeTraded2023-12-3111025699core:LandBuildings2022-12-3111025699core:PlantMachinery2022-12-3111025699core:Vehicles2022-12-3111025699core:FurnitureFittings2022-12-3111025699core:OfficeEquipment2022-12-3111025699core:NetGoodwill2022-12-3111025699core:IntangibleAssetsOtherThanGoodwill2022-12-3111025699core:ListedExchangeTraded2022-12-3111025699core:UnlistedNon-exchangeTraded2022-12-3111025699core:LandBuildings2023-01-012023-12-3111025699core:PlantMachinery2023-01-012023-12-3111025699core:Vehicles2023-01-012023-12-3111025699core:FurnitureFittings2023-01-012023-12-3111025699core:OfficeEquipment2023-01-012023-12-3111025699core:NetGoodwill2023-01-012023-12-3111025699core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111025699core:ListedExchangeTraded2023-01-012023-12-3111025699core:UnlistedNon-exchangeTraded2023-01-012023-12-3111025699core:MoreThanFiveYears2023-01-012023-12-3111025699core:Non-currentFinancialInstruments2023-12-3111025699core:Non-currentFinancialInstruments2022-12-3111025699dpl:CostSales2023-01-012023-12-3111025699dpl:DistributionCosts2023-01-012023-12-3111025699core:LandBuildings2023-01-012023-12-3111025699core:PlantMachinery2023-01-012023-12-3111025699core:Vehicles2023-01-012023-12-3111025699core:FurnitureFittings2023-01-012023-12-3111025699core:OfficeEquipment2023-01-012023-12-3111025699dpl:AdministrativeExpenses2023-01-012023-12-3111025699core:NetGoodwill2023-01-012023-12-3111025699core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111025699dpl:GroupUndertakings2023-01-012023-12-3111025699dpl:ParticipatingInterests2023-01-012023-12-3111025699dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3111025699core:ListedExchangeTraded2023-01-012023-12-3111025699dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3111025699core:UnlistedNon-exchangeTraded2023-01-012023-12-3111025699dpl:CostSales2022-01-012022-12-3111025699dpl:DistributionCosts2022-01-012022-12-3111025699core:LandBuildings2022-01-012022-12-3111025699core:PlantMachinery2022-01-012022-12-3111025699core:Vehicles2022-01-012022-12-3111025699core:FurnitureFittings2022-01-012022-12-3111025699core:OfficeEquipment2022-01-012022-12-3111025699dpl:AdministrativeExpenses2022-01-012022-12-3111025699core:NetGoodwill2022-01-012022-12-3111025699core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111025699dpl:GroupUndertakings2022-01-012022-12-3111025699dpl:ParticipatingInterests2022-01-012022-12-3111025699dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3111025699core:ListedExchangeTraded2022-01-012022-12-3111025699dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3111025699core:UnlistedNon-exchangeTraded2022-01-012022-12-3111025699core:NetGoodwill2023-12-3111025699core:IntangibleAssetsOtherThanGoodwill2023-12-3111025699core:LandBuildings2023-12-3111025699core:PlantMachinery2023-12-3111025699core:Vehicles2023-12-3111025699core:FurnitureFittings2023-12-3111025699core:OfficeEquipment2023-12-3111025699core:AfterOneYear2023-12-3111025699core:WithinOneYear2023-12-3111025699core:ListedExchangeTraded2023-12-3111025699core:UnlistedNon-exchangeTraded2023-12-3111025699core:ShareCapital2023-12-3111025699core:SharePremium2023-12-3111025699core:RevaluationReserve2023-12-3111025699core:OtherReservesSubtotal2023-12-3111025699core:RetainedEarningsAccumulatedLosses2023-12-3111025699core:NetGoodwill2022-12-3111025699core:IntangibleAssetsOtherThanGoodwill2022-12-3111025699core:LandBuildings2022-12-3111025699core:PlantMachinery2022-12-3111025699core:Vehicles2022-12-3111025699core:FurnitureFittings2022-12-3111025699core:OfficeEquipment2022-12-3111025699core:AfterOneYear2022-12-3111025699core:WithinOneYear2022-12-3111025699core:ListedExc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Minchin & Grimshaw Ltd.

Registered Number
11025699
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

Minchin & Grimshaw Ltd.
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Grimshaw, Aren Lee Jade
Lukaszewicz, Lukasz

Registered Address

79 Higher Bore Street
Bodmin
PL31 1JT

Registered Number

11025699 (England and Wales)
Minchin & Grimshaw Ltd.
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets32,5751,641
Investments49,3369,336
11,91110,977
Current assets
Debtors53,8287,484
Cash at bank and on hand84,06677,079
87,89484,563
Creditors amounts falling due within one year6(76,177)(42,210)
Net current assets (liabilities)11,71742,353
Total assets less current liabilities23,62853,330
Provisions for liabilities(413)(312)
Net assets23,21553,018
Capital and reserves
Called up share capital101101
Profit and loss account23,11452,917
Shareholders' funds23,21553,018
The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2024, and are signed on its behalf by:
Grimshaw, Aren Lee Jade
Director
Lukaszewicz, Lukasz
Director

Registered Company No. 11025699
Minchin & Grimshaw Ltd.
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year33
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2311,194
Additions1,778
At 31 December 2312,973
Depreciation and impairment
At 01 January 239,553
Charge for year844
At 31 December 2310,398
Net book value
At 31 December 232,575
At 31 December 221,641
4.Fixed asset investments

Total

£
Cost or valuation
At 01 January 239,336
At 31 December 239,336
Net book value
At 31 December 239,336
At 31 December 229,336
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables2,0803,574
Other debtors1,7483,910
Total3,8287,484
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables962804
Amounts owed to related parties2,1022,431
Taxation and social security4,7508,150
Other creditors68,36330,825
Total76,17742,210
7.Pension commitments
The company operates a defined contribution pension scheme for the directors and senior employees. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Grimshaw, Aren Lee Jade10,164(1,781)(3,605)11,988
Lukaszewicz, Lukasz15,760(1,153)(37,917)52,524
25,924(2,934)(41,522)64,512
9.Related party transactions
Aren Grimshaw Limited A company in which Mr Grimshaw is a director and shareholder. During the period, Minchin & Grimshaw Ltd made purchases on behalf of Aren Grimshaw Limited totalling £119 (2022: £121). Aren Grimshaw Limited also made purchases on behalf of Minchin & Grimshaw Ltd totalling £NIL (2021: £NIL). As at 31 December 2023, Minchin & Grimshaw Ltd owe £2,312 (2022: £2,431) to Aren Grimshaw Limited. This balance has been disclosed in the accounts as amounts owed by group undertakings.
10.Controlling party
The company is under the control of Mr A L J Grimshaw by virtue of his shareholding.