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Company Registration No. 08520310 (England and Wales)
Readygrass Ltd Unaudited accounts for the year ended 31 May 2024
Readygrass Ltd Unaudited accounts Contents
Page
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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
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Readygrass Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,332 
38,298 
Current assets
Inventories
15,090 
26,050 
Debtors
5,163 
13,704 
Cash at bank and in hand
21,651 
40,143 
41,904 
79,897 
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)
Net assets
26,083 
46,059 
Capital and reserves
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
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Readygrass Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 May 2024
5,182 
24,150 
29,332 
At 31 May 2023
6,097 
32,201 
38,298 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,663 
12,204 
Other debtors
1,500 
1,500 
5,163 
13,704 
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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 
VAT
8,209 
8,615 
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 
29,867 
39,120 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,713 
19,646 
Obligations under finance leases and hire purchase contracts
- 
6,094 
9,713 
25,740 
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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