IRIS Accounts Production v24.3.0.553 05839142 director 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058391422023-07-31058391422024-07-31058391422023-08-012024-07-31058391422022-07-31058391422022-08-012023-07-31058391422023-07-3105839142ns15:EnglandWales2023-08-012024-07-3105839142ns14:PoundSterling2023-08-012024-07-3105839142ns10:Director12023-08-012024-07-3105839142ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3105839142ns10:SmallEntities2023-08-012024-07-3105839142ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3105839142ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3105839142ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105839142ns10:FullAccounts2023-08-012024-07-3105839142ns10:OrdinaryShareClass12023-08-012024-07-3105839142ns10:CompanySecretary12023-08-012024-07-3105839142ns10:RegisteredOffice2023-08-012024-07-3105839142ns5:CurrentFinancialInstruments2024-07-3105839142ns5:CurrentFinancialInstruments2023-07-3105839142ns5:Non-currentFinancialInstruments2024-07-3105839142ns5:Non-currentFinancialInstruments2023-07-3105839142ns5:ShareCapital2024-07-3105839142ns5:ShareCapital2023-07-3105839142ns5:RetainedEarningsAccumulatedLosses2024-07-3105839142ns5:RetainedEarningsAccumulatedLosses2023-07-3105839142ns5:PlantMachinery2023-08-012024-07-3105839142ns5:FurnitureFittings2023-08-012024-07-3105839142ns5:MotorVehicles2023-08-012024-07-3105839142ns5:PlantMachinery2023-07-3105839142ns5:FurnitureFittings2023-07-3105839142ns5:MotorVehicles2023-07-3105839142ns5:PlantMachinery2024-07-3105839142ns5:FurnitureFittings2024-07-3105839142ns5:MotorVehicles2024-07-3105839142ns5:PlantMachinery2023-07-3105839142ns5:FurnitureFittings2023-07-3105839142ns5:MotorVehicles2023-07-3105839142ns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3105839142ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3105839142ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3105839142ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-07-3105839142ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-07-3105839142ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-07-3105839142ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-07-3105839142ns5:HirePurchaseContracts2024-07-3105839142ns5:HirePurchaseContracts2023-07-3105839142ns5:WithinOneYear2024-07-3105839142ns5:WithinOneYear2023-07-3105839142ns5:BetweenOneFiveYears2024-07-3105839142ns5:BetweenOneFiveYears2023-07-3105839142ns5:MoreThanFiveYears2024-07-3105839142ns5:MoreThanFiveYears2023-07-3105839142ns5:AllPeriods2024-07-3105839142ns5:AllPeriods2023-07-3105839142ns5:DeferredTaxation2023-07-3105839142ns5:DeferredTaxation2024-07-3105839142ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 05839142 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Grantleys Limited

Grantleys Limited (Registered number: 05839142)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grantleys Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J W Ratcliff





SECRETARY: Mrs C L Ratcliff





REGISTERED OFFICE: Unit D3
Grafton Way
West Ham
Basingstoke
Hampshire
RG22 6HY





REGISTERED NUMBER: 05839142 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Grantleys Limited (Registered number: 05839142)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,852 6,317

CURRENT ASSETS
Stocks 2,000 2,050
Debtors 5 20,879 15,494
Cash at bank 113,728 107,225
136,607 124,769
CREDITORS
Amounts falling due within one year 6 60,708 58,954
NET CURRENT ASSETS 75,899 65,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,751

72,132

CREDITORS
Amounts falling due after more than one
year

7

(39,031

)

-

PROVISIONS FOR LIABILITIES 10 (8,815 ) (1,250 )
NET ASSETS 76,905 70,882

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 76,805 70,782
SHAREHOLDERS' FUNDS 76,905 70,882

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Grantleys Limited (Registered number: 05839142)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





J W Ratcliff - Director


Grantleys Limited (Registered number: 05839142)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Grantleys 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
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 - 25% on reducing balance and 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance

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

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 balance sheet date.


Grantleys Limited (Registered number: 05839142)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 51,592 1,178 29,250 82,020
Additions 50,199 - - 50,199
Disposals (18,606 ) - - (18,606 )
At 31 July 2024 83,185 1,178 29,250 113,613
DEPRECIATION
At 1 August 2023 49,854 840 25,009 75,703
Charge for year 6,241 155 1,061 7,457
Eliminated on disposal (18,399 ) - - (18,399 )
At 31 July 2024 37,696 995 26,070 64,761
NET BOOK VALUE
At 31 July 2024 45,489 183 3,180 48,852
At 31 July 2023 1,738 338 4,241 6,317

Grantleys Limited (Registered number: 05839142)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS - continued

The obligations under hire purchase agreements are secured against the items of plant and machinery to which they relate that have a carrying value of £35,699 (2023 - £Nil).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 15,632 11,113
Other debtors 5,247 4,381
20,879 15,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts (see note 8) 11,424 -
Trade creditors 35,371 31,170
Taxation and social security 6,573 23,521
Other creditors 7,340 4,263
60,708 58,954

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts (see note 8) 39,031 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 11,424 -
Between one and five years 39,031 -
50,455 -

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 31,481 26,277
Between one and five years 125,924 105,108
In more than five years 86,573 98,539
243,978 229,924

Grantleys Limited (Registered number: 05839142)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 50,455 -

10. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 8,815 1,250

Deferred
tax
£   
Balance at 1 August 2023 1,250
Accelerated capital allowances 7,565
Balance at 31 July 2024 8,815

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100