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REGISTERED NUMBER: 03056946 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

GR FASTENERS & ENGINEERING SUPPLIES
LIMITED

GR FASTENERS & ENGINEERING SUPPLIES
LIMITED (REGISTERED NUMBER: 03056946)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GR FASTENERS & ENGINEERING SUPPLIES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P A Rodway
M A Rodway
J P Rodway





REGISTERED OFFICE: 4th Floor St. James House
St. James' Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 03056946 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

GR FASTENERS & ENGINEERING SUPPLIES
LIMITED (REGISTERED NUMBER: 03056946)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £ £
FIXED ASSETS
Property, plant and equipment 4 88,685 59,010

CURRENT ASSETS
Inventories 566,639 576,792
Debtors 5 329,852 395,335
Cash at bank and in hand 757,196 804,072
1,653,687 1,776,199
CREDITORS
Amounts falling due within one year 6 (342,042 ) (473,037 )
NET CURRENT ASSETS 1,311,645 1,303,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,400,330

1,362,172

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 1,375,330 1,337,172
SHAREHOLDERS' FUNDS 1,400,330 1,362,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





M A Rodway - Director


GR FASTENERS & ENGINEERING SUPPLIES
LIMITED (REGISTERED NUMBER: 03056946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

GR Fasteners & Engineering Supplies Limited 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
Revenue 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 - 15% on cost
Motor vehicles - 25% on cost
Office equipment - 20% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 19 (2023 - 19 ) .

GR FASTENERS & ENGINEERING SUPPLIES
LIMITED (REGISTERED NUMBER: 03056946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Office
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 May 2023 76,178 204,267 87,790 368,235
Additions - 69,650 - 69,650
Disposals - (35,504 ) - (35,504 )
At 30 April 2024 76,178 238,413 87,790 402,381
DEPRECIATION
At 1 May 2023 71,434 158,221 79,570 309,225
Charge for year 1,404 34,931 3,640 39,975
Eliminated on disposal - (35,504 ) - (35,504 )
At 30 April 2024 72,838 157,648 83,210 313,696
NET BOOK VALUE
At 30 April 2024 3,340 80,765 4,580 88,685
At 30 April 2023 4,744 46,046 8,220 59,010

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 312,634 379,644
Other debtors 17,218 15,691
329,852 395,335

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 239,558 327,167
Taxation and social security 63,168 109,186
Other creditors 39,316 36,684
342,042 473,037

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 25,011 25,011
Between one and five years 72,949 97,960
97,960 122,971

8. CONTINGENT LIABILITIES

The company is party to a cross guarantee and debenture dated 10 December 2002 as given to the group's bankers and as such there is a contingent liability at the Balance Sheet Date for the bank borrowing of all group undertakings.

GR FASTENERS & ENGINEERING SUPPLIES
LIMITED (REGISTERED NUMBER: 03056946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. CONTROLLING PARTY

The ultimate parent undertaking is GPR (Holdings) Limited, a company registered in England and Wales. A copy of this company's financial statements is available from the Registrar of Companies, Cardiff.

The ultimate controlling party is deemed to be P A Rodway, by virtue of her shareholding in GPR (Holdings) Limited and her position as director of both companies.