BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The engineering of related scientific and technical consulting activities. 23 October 2024 0 0 NI628921 2024-01-31 NI628921 2023-01-31 NI628921 2022-01-31 NI628921 2023-02-01 2024-01-31 NI628921 2022-02-01 2023-01-31 NI628921 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI628921 uk-curr:PoundSterling 2023-02-01 2024-01-31 NI628921 uk-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI628921 uk-bus:FullAccounts 2023-02-01 2024-01-31 NI628921 uk-core:ShareCapital 2024-01-31 NI628921 uk-core:ShareCapital 2023-01-31 NI628921 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI628921 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI628921 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI628921 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 NI628921 uk-bus:FRS102 2023-02-01 2024-01-31 NI628921 uk-core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 NI628921 uk-core:MotorVehicles 2023-02-01 2024-01-31 NI628921 uk-core:CurrentFinancialInstruments 2024-01-31 NI628921 uk-core:CurrentFinancialInstruments 2023-01-31 NI628921 uk-core:WithinOneYear 2024-01-31 NI628921 uk-core:WithinOneYear 2023-01-31 NI628921 uk-core:AfterOneYear 2024-01-31 NI628921 uk-core:AfterOneYear 2023-01-31 NI628921 uk-core:OtherMiscellaneousReserve 2023-01-31 NI628921 uk-core:OtherMiscellaneousReserve 2023-02-01 2024-01-31 NI628921 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-01-31 NI628921 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-01-31 NI628921 uk-core:OtherDeferredTax 2024-01-31 NI628921 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-01-31 NI628921 uk-core:OtherMiscellaneousReserve 2024-01-31 NI628921 2023-02-01 2024-01-31 NI628921 uk-bus:Director1 2023-02-01 2024-01-31 NI628921 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI628921
 
 
Grainger Acoustics Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 January 2024
Grainger Acoustics Ltd
Company Registration Number: NI628921
BALANCE SHEET
as at 31 January 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 34,070 36,194
───────── ─────────
 
Current Assets
Stocks 5 5,630 5,752
Debtors 6 10,652 9,923
Cash and cash equivalents 57,936 37,929
───────── ─────────
74,218 53,604
───────── ─────────
Creditors: amounts falling due within one year 7 (17,566) (6,854)
───────── ─────────
Net Current Assets 56,652 46,750
───────── ─────────
Total Assets less Current Liabilities 90,722 82,944
 
Creditors:
amounts falling due after more than one year 8 (59,587) (42,710)
 
Provisions for liabilities 10 (8,518) (6,877)
───────── ─────────
Net Assets 22,617 33,357
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 22,615 33,355
───────── ─────────
Equity attributable to owners of the company 22,617 33,357
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 23 October 2024
           
           
________________________________          
Mr. Martin Grainger          
Director          
           



Grainger Acoustics Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
Grainger Acoustics Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 1 Knocknamoe Bungalows, Omagh, Co Tyrone, BT79 7LA, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Work in progress
Work in progress is reflected in the accounts at the expected revenue due for work carried out during the period that has not yet been invoiced.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2, (2023 - 1).
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost or Valuation
At 1 February 2023 61,298 9,850 71,148
Additions 6,394 - 6,394
  ───────── ───────── ─────────
At 31 January 2024 67,692 9,850 77,542
  ───────── ───────── ─────────
Depreciation
At 1 February 2023 32,984 1,970 34,954
Charge for the financial year 6,942 1,576 8,518
  ───────── ───────── ─────────
At 31 January 2024 39,926 3,546 43,472
  ───────── ───────── ─────────
Net book value
At 31 January 2024 27,766 6,304 34,070
  ═════════ ═════════ ═════════
At 31 January 2023 28,314 7,880 36,194
  ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Work in progress 5,630 5,752
  ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 10,652 9,404
Taxation  (Note 9) - 519
  ───────── ─────────
  10,652 9,923
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 6,540 2,980
Taxation  (Note 9) 3,710 2,645
Accruals:
Pension accrual 29 29
Other accruals 7,287 1,200
  ───────── ─────────
  17,566 6,854
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Director's loan accounts 59,587 42,710
  ═════════ ═════════
 
       
9. Taxation 2024 2023
  £ £
 
Debtors:
VAT - 519
  ═════════ ═════════
Creditors:
VAT 164 -
Corporation tax 3,525 2,645
PAYE / NI 21 -
  ───────── ─────────
  3,710 2,645
  ═════════ ═════════
         
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 6,877 6,877 6,707
Charged to profit and loss 1,641 1,641 170
  ───────── ───────── ─────────
At financial year end 8,518 8,518 6,877
  ═════════ ═════════ ═════════
           
11. Related party transactions
 
At the start of the year Grainger Acoustics Ltd owed the company director £42,710. During the year Grainger Acoustics Ltd borrowed £48,573 and repaid £31,696 to the director, leaving a closing balance of £59,587 (2022: £42,710) . This is included in the creditors section of the balance sheet.