IRIS Accounts Production v24.2.0.383 08829975 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false 15703 12450 65740 15703 43101 12450 38342 15703 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088299752023-01-31088299752024-01-31088299752023-02-012024-01-31088299752022-01-31088299752022-02-012023-01-31088299752023-01-3108829975ns15:EnglandWales2023-02-012024-01-3108829975ns14:PoundSterling2023-02-012024-01-3108829975ns10:Director12023-02-012024-01-3108829975ns10:Director22023-02-012024-01-3108829975ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108829975ns10:SmallEntities2023-02-012024-01-3108829975ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3108829975ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108829975ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108829975ns10:FullAccounts2023-02-012024-01-310882997542ns10:Director22023-01-310882997542ns10:Director22022-01-310882997542ns10:Director22023-02-012024-01-310882997542ns10:Director22022-02-012023-01-310882997542ns10:Director22024-01-310882997542ns10:Director22023-01-3108829975ns5:CurrentFinancialInstruments2024-01-3108829975ns5:CurrentFinancialInstruments2023-01-3108829975ns5:Non-currentFinancialInstruments2024-01-3108829975ns5:Non-currentFinancialInstruments2023-01-3108829975ns5:ShareCapital2024-01-3108829975ns5:ShareCapital2023-01-3108829975ns5:RetainedEarningsAccumulatedLosses2024-01-3108829975ns5:RetainedEarningsAccumulatedLosses2023-01-3108829975ns10:RegisteredOffice2023-02-012024-01-3108829975ns5:PlantMachinery2023-02-012024-01-3108829975ns5:FurnitureFittings2023-02-012024-01-3108829975ns5:MotorVehicles2023-02-012024-01-3108829975ns5:PlantMachinery2023-01-3108829975ns5:FurnitureFittings2023-01-3108829975ns5:MotorVehicles2023-01-3108829975ns5:PlantMachinery2024-01-3108829975ns5:FurnitureFittings2024-01-3108829975ns5:MotorVehicles2024-01-3108829975ns5:PlantMachinery2023-01-3108829975ns5:FurnitureFittings2023-01-3108829975ns5:MotorVehicles2023-01-3108829975ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3108829975ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31088299751ns10:Director12023-01-31088299751ns10:Director12022-01-31088299751ns10:Director12023-02-012024-01-31088299751ns10:Director12022-02-012023-01-31088299751ns10:Director12024-01-31088299751ns10:Director12023-01-31
REGISTERED NUMBER: 08829975 (England and Wales)



















GRANGE BUILDING CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






GRANGE BUILDING CO. LIMITED (REGISTERED NUMBER: 08829975)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


GRANGE BUILDING CO. LIMITED (REGISTERED NUMBER: 08829975)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,221 1,679

CURRENT ASSETS
Debtors 5 43,531 19,151
Cash at bank 24,586 3,543
68,117 22,694
CREDITORS
Amounts falling due within one year 6 59,166 27,857
NET CURRENT ASSETS/(LIABILITIES) 8,951 (5,163 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,172

(3,484

)

CREDITORS
Amounts falling due after more than one year 7 (15,000 ) (25,000 )

PROVISIONS FOR LIABILITIES (232 ) (319 )
NET LIABILITIES (5,060 ) (28,803 )

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings (5,066 ) (28,809 )
SHAREHOLDERS' FUNDS (5,060 ) (28,803 )

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 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.

GRANGE BUILDING CO. LIMITED (REGISTERED NUMBER: 08829975)

BALANCE SHEET - continued
31 JANUARY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:




Mr A Moffat - Director



Mr M Moffat - Director


GRANGE BUILDING CO. LIMITED (REGISTERED NUMBER: 08829975)

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

1. STATUTORY INFORMATION

Grange Building Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08829975

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from building completion and finishing services and revenue is recognised when the services are delivered to the customer.
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 - 33% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

GRANGE BUILDING CO. LIMITED (REGISTERED NUMBER: 08829975)

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

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 564 2,100 15,020 17,684
DEPRECIATION
At 1 February 2023 480 1,727 13,798 16,005
Charge for year 28 124 306 458
At 31 January 2024 508 1,851 14,104 16,463
NET BOOK VALUE
At 31 January 2024 56 249 916 1,221
At 31 January 2023 84 373 1,222 1,679

GRANGE BUILDING CO. LIMITED (REGISTERED NUMBER: 08829975)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 480 -
Other debtors 43,051 19,151
43,531 19,151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,144 13,602
Trade creditors 3,451 1,725
Taxation and social security 15,321 10,280
Other creditors 22,250 2,250
59,166 27,857

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,000 25,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr A Moffat and Mr M Moffat
Balance outstanding at start of year 15,703 12,450
Amounts advanced 65,740 15,703
Amounts repaid (43,101 ) (12,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,342 15,703

Interest on the overdrawn directors' loan account is payable on a monthly basis at the official rate of interest, however there are no agreed repayment terms.

During the year interest was paid amounting to £487 (2023: £334) in respect of the overdrawn directors' loan account.

Dividends of £15,800 were paid to the directors during the year (2023: £12,450).

The directors concerned are A Moffat and M Moffat.