Company Registration No. 08520310 (England and Wales)
Readygrass Ltd
Unaudited accounts
for the year ended 31 May 2024
Readygrass Ltd
Unaudited accounts
Contents
Readygrass Ltd
Company Information
for the year ended 31 May 2024
Directors
Ronald Winn
Denise Winn
Company Number
08520310 (England and Wales)
Registered Office
300 Hale Road
Widnes
Cheshire
England
WA8 8PX
Accountants
My Accountancy Hub
Level One, Basecamp Liverpool
49 Jamaica Street
Liverpool
L1 0AH
Readygrass Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
29,332
38,298
Cash at bank and in hand
21,651
40,143
Creditors: amounts falling due within one year
(29,867)
(39,120)
Net current assets
12,037
40,777
Total assets less current liabilities
41,369
79,075
Creditors: amounts falling due after more than one year
(9,713)
(25,740)
Provisions for liabilities
Deferred tax
(5,573)
(7,276)
Called up share capital
99
99
Profit and loss account
25,984
45,960
Shareholders' funds
26,083
46,059
For the year ending 31 May 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 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 17 September 2024 and were signed on its behalf by
Ronald Winn
Director
Company Registration No. 08520310
Readygrass Ltd
Notes to the Accounts
for the year ended 31 May 2024
Readygrass Ltd is a private company, limited by shares, registered in England and Wales, registration number 08520310. The registered office is 300 Hale Road, Widnes, Cheshire, England, WA8 8PX.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
12,208
117,852
130,060
At 31 May 2024
12,208
117,852
130,060
At 1 June 2023
6,111
85,651
91,762
Charge for the year
915
8,051
8,966
At 31 May 2024
7,026
93,702
100,728
At 31 May 2024
5,182
24,150
29,332
At 31 May 2023
6,097
32,201
38,298
Amounts falling due within one year
Trade debtors
3,663
12,204
Readygrass Ltd
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,200
10,200
Obligations under finance leases and hire purchase contracts
6,094
13,088
Trade creditors
4,365
4,515
Taxes and social security
955
2,372
Loans from directors
44
330
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
6,094
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).