Company Registration No. 03486057 (England and Wales)
Grindley Investments Limited
Unaudited accounts
for the year ended 31 December 2023
Grindley Investments Limited
Unaudited accounts
Contents
Grindley Investments Limited
Company Information
for the year ended 31 December 2023
Directors
James Naylor
Karol Naylor
Company Number
03486057 (England and Wales)
Registered Office
Church Farm
Hodge Lane
Marchington
Uttoxeter
Staffordshire
ST14 8PE
England
Grindley Investments Limited
Statement of financial position
as at 31 December 2023
Tangible assets
1,739,189
1,867,269
Cash at bank and in hand
1,305
31,479
Creditors: amounts falling due within one year
(771,186)
(430,319)
Net current liabilities
(766,233)
(394,786)
Total assets less current liabilities
972,956
1,472,483
Creditors: amounts falling due after more than one year
-
(561,909)
Net assets
972,956
910,574
Called up share capital
100
100
Profit and loss account
972,856
910,474
Shareholders' funds
972,956
910,574
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 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 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 of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by
James Naylor
Director
Company Registration No. 03486057
Grindley Investments Limited
Notes to the Accounts
for the year ended 31 December 2023
Grindley Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 03486057. The registered office is Church Farm, Hodge Lane, Marchington, Uttoxeter, Staffordshire, ST14 8PE, England.
2
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,861,359
92,976
1,954,335
Disposals
(129,783)
-
(129,783)
At 31 December 2023
1,731,576
95,976
1,827,552
At 1 January 2023
-
87,066
87,066
Charge for the year
-
1,297
1,297
At 31 December 2023
-
88,363
88,363
At 31 December 2023
1,731,576
7,613
1,739,189
At 31 December 2022
1,861,359
5,910
1,867,269
Grindley Investments Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
27,697
37,004
Trade creditors
2,077
7,802
Taxes and social security
29,782
16,932
Other creditors
3,905
4,210
Loans from directors
702,475
359,411
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).