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REGISTERED NUMBER: 12422445 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GREY-WATER DRAINAGE SOLUTIONS LTD

GREY-WATER DRAINAGE SOLUTIONS LTD (REGISTERED NUMBER: 12422445)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREY-WATER DRAINAGE SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: C K Guilfoyle





REGISTERED OFFICE: Unit 11
Glenmore Business Park
Castle Road
Sittingbourne
Kent
ME10 3FX





REGISTERED NUMBER: 12422445 (England and Wales)





ACCOUNTANTS: Blue Rocket Accounting
Accountants and Tax Advisers
8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN

GREY-WATER DRAINAGE SOLUTIONS LTD (REGISTERED NUMBER: 12422445)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,584 4,767

CURRENT ASSETS
Debtors 5 161,057 83,795
Cash at bank and in hand 170,747 98,244
331,804 182,039
CREDITORS
Amounts falling due within one year 6 178,167 41,112
NET CURRENT ASSETS 153,637 140,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,221

145,694

CREDITORS
Amounts falling due after more than one
year

7

23,572

5,833
NET ASSETS 304,649 139,861

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 304,549 139,761
304,649 139,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:



C K Guilfoyle - Director


GREY-WATER DRAINAGE SOLUTIONS LTD (REGISTERED NUMBER: 12422445)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Grey-Water Drainage Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

GREY-WATER DRAINAGE SOLUTIONS LTD (REGISTERED NUMBER: 12422445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 9,678 - 728 10,406
Additions 11,487 175,645 - 187,132
At 31 January 2024 21,165 175,645 728 197,538
DEPRECIATION
At 1 February 2023 5,333 - 306 5,639
Charge for year 3,327 13,843 145 17,315
At 31 January 2024 8,660 13,843 451 22,954
NET BOOK VALUE
At 31 January 2024 12,505 161,802 277 174,584
At 31 January 2023 4,345 - 422 4,767

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 7,738 12,599
Amounts owed by associates 153,414 53,614
Other debtors (95 ) 17,582
161,057 83,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 2,500 2,500
Hire purchase contracts 122,562 -
Trade creditors 3,280 3,280
Taxation and social security 41,610 34,239
Other creditors 8,215 1,093
178,167 41,112

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans 3,336 5,833
Hire purchase contracts 20,236 -
23,572 5,833

GREY-WATER DRAINAGE SOLUTIONS LTD (REGISTERED NUMBER: 12422445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31/1/24 31/1/23
£    £   
C K Guilfoyle
Balance outstanding at start of year 17,582 -
Amounts advanced 93,146 17,582
Amounts repaid (24,275 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,453 17,582