GRECH DRAWING MANAGEMENT LIMITED

Company Registration Number:
03730434 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

GRECH DRAWING MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

GRECH DRAWING MANAGEMENT LIMITED

Company Information

for the Period Ended 31 March 2024




Director: E S Grech
Mrs T Grech
Miss J Grech
Secretary: Mrs T Grech
Registered office: 25
Orchard Road
Sundridge Park
Bromley
Kent
BR1 2PR
Company Registration Number: 03730434 (England and Wales)

GRECH DRAWING MANAGEMENT LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

The principal activity of the company in the period under review continues to be that of providing drawing design services.

Political and charitable donations

During the year the company did not make any political or charitable contributions.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
E S Grech
Mrs T Grech
Miss J Grech

Secretary
Mrs T Grech

This report was approved by the board of directors on 8 November 2024
And Signed On Behalf Of The Board By:

Name: E S Grech
Status: Director

GRECH DRAWING MANAGEMENT LIMITED

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 40,719 12,520
Cost of sales ( 10,195 ) ( 582 )
Gross Profit or (Loss) 30,524 11,938
Administrative Expenses ( 23,577 ) ( 18,892 )
Operating Profit or (Loss) 6,947 ( 6,954 )
Interest Receivable and Similar Income 9,824 2,613
Profit or (Loss) Before Tax 16,771 ( 4,341 )
Tax on Profit ( 3,151 ) ( 0 )
Profit or (Loss) for Period 13,620 ( 4,341 )

The notes form part of these financial statements

GRECH DRAWING MANAGEMENT LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 11,063 11,551
Total fixed assets: 11,063 11,551
Current assets
Debtors: 6 10,639 12,520
Cash at bank and in hand: 674,767 763,597
Total current assets: 685,406 776,117
Creditors: amounts falling due within one year: 7 ( 5,243 ) ( 1,062 )
Net current assets (liabilities): 680,163 775,055
Total assets less current liabilities: 691,226 786,606
Total net assets (liabilities): 691,226 786,606

The notes form part of these financial statements

GRECH DRAWING MANAGEMENT LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 691,126 786,506
Shareholders funds: 691,226 786,606

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 8 November 2024
And Signed On Behalf Of The Board By:

Name: E S Grech
Status: Director

The notes form part of these financial statements

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    The accounts have been prepared under the historical cost convention.

    Turnover policy

    Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures, fittings and equipment :- 15% on reducing balance.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed when circumstances indicate that the carrying value of an asset may not be fully recoverable.

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Dividends


2024
£

2023
£
Dividends paid 109,000 154,000

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 April 2023 65,176 65,176
Additions 1,465 1,465
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2024 66,641 66,641
Depreciation
At 01 April 2023 53,625 53,625
Charge for year 1,953 1,953
On disposals - -
Other adjustments - -
At 31 March 2024 55,578 55,578
Net book value
At 31 March 2024 11,063 11,063
At 31 March 2023 11,551 11,551

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Debtors


2024
£

2023
£
Trade debtors 10,639 12,520
Total 10,639 12,520

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 1,179 598
Taxation and social security 3,151 0
Other creditors 913 464
Total 5,243 1,062

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 8. Financial Commitments

    There were no capital commitments either contracted for or authorised by the directors but not contracted for at 31 March 2024 (2023: £nil).

GRECH DRAWING MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 9. Post balance sheet events

    There were no significant post balance sheet events.