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REGISTERED NUMBER: 14030335 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GRATTON CONSTRUCTION LIMITED

GRATTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 14030335)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRATTON CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: K Howard
J C Waldron





Registered office: 10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP





Registered number: 14030335 (England and Wales)





Accountants: Haines Watts (East Midlands) Ltd
10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

GRATTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 14030335)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 186,768 8,843

Current assets
Stocks 11,422 -
Debtors 5 283,643 99,498
Cash at bank 255,794 134,264
550,859 233,762
Creditors
Amounts falling due within one year 6 (348,776 ) (181,040 )
Net current assets 202,083 52,722
Total assets less current liabilities 388,851 61,565

Creditors
Amounts falling due after more than one
year

7

(179,172

)

-
Net assets 209,679 61,565

Capital and reserves
Called up share capital 10 2 2
Retained earnings 209,677 61,563
Shareholders' funds 209,679 61,565

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 18 November 2024 and were signed on its behalf by:





K Howard - Director


GRATTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 14030335)

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

1. STATUTORY INFORMATION

Gratton Construction 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 2 ) .

GRATTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 14030335)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£ £ £ £ £
Cost
At 1 April 2023 - 1,015 9,700 1,204 11,919
Additions 433 802 192,743 5,992 199,970
At 31 March 2024 433 1,817 202,443 7,196 211,889
Depreciation
At 1 April 2023 - 254 2,425 397 3,076
Charge for year 54 286 20,549 1,156 22,045
At 31 March 2024 54 540 22,974 1,553 25,121
Net book value
At 31 March 2024 379 1,277 179,469 5,643 186,768
At 31 March 2023 - 761 7,275 807 8,843

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
Additions 192,743
At 31 March 2024 192,743
Depreciation
Charge for year 18,730
At 31 March 2024 18,730
Net book value
At 31 March 2024 174,013

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 230,227 89,625
Other debtors 31,542 5,000
Directors' loan accounts 21,646 4,501
Prepayments 228 372
283,643 99,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) 22,979 -
Trade creditors 164,774 54,166
Tax 9,697 12,690
Social security and other taxes 16,450 12,580
VAT 128,186 47,898
Other creditors 1,440 554
Accruals and deferred income 5,250 53,152
348,776 181,040

GRATTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 14030335)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) 135,669 -
Deferred Tax 43,503 -
179,172 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 22,979 -
Between one and five years 135,669 -
158,648 -

Non-cancellable
operating leases
2024 2023
£ £
Within one year 16,282 -
Between one and five years 32,565 -
48,847 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 158,648 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary A 1 1 1
1 Ordinary B 1 1 1
2 2

GRATTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 14030335)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£ £
K Howard and J C Waldron
Balance outstanding at start of year 4,501 -
Amounts advanced 39,769 5,113
Amounts repaid (22,624 ) (612 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,646 4,501

The maximum amount outstanding during the period for K Howard and J Waldron was £21,646. Interest has been charged of £449 for the year and is shown in other debtors.