IRIS Accounts Production v24.3.0.553 06478663 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064786632023-04-30064786632024-04-30064786632023-05-012024-04-30064786632022-04-30064786632022-05-012023-04-30064786632023-04-3006478663ns15:EnglandWales2023-05-012024-04-3006478663ns14:PoundSterling2023-05-012024-04-3006478663ns10:Director12023-05-012024-04-3006478663ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3006478663ns10:SmallEntities2023-05-012024-04-3006478663ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3006478663ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3006478663ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3006478663ns10:FullAccounts2023-05-012024-04-3006478663ns10:Director22023-05-012024-04-3006478663ns10:RegisteredOffice2023-05-012024-04-3006478663ns5:CurrentFinancialInstruments2024-04-3006478663ns5:CurrentFinancialInstruments2023-04-3006478663ns5:ShareCapital2024-04-3006478663ns5:ShareCapital2023-04-3006478663ns5:RetainedEarningsAccumulatedLosses2024-04-3006478663ns5:RetainedEarningsAccumulatedLosses2023-04-3006478663ns5:PlantMachinery2023-05-012024-04-3006478663ns5:PlantMachinery2023-04-3006478663ns5:PlantMachinery2024-04-3006478663ns5:PlantMachinery2023-04-3006478663ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3006478663ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 06478663 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Grantley Lowe Limited

Grantley Lowe Limited (Registered number: 06478663)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grantley Lowe Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R G Lowe
W J Jones





REGISTERED OFFICE: 34 St Anne Street
Liverpool
Merseyside
L3 3DS





REGISTERED NUMBER: 06478663 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Grantley Lowe Limited (Registered number: 06478663)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 434 866

CURRENT ASSETS
Debtors 5 98,342 272,364
Cash at bank 838,768 636,802
937,110 909,166
CREDITORS
Amounts falling due within one year 6 163,828 122,176
NET CURRENT ASSETS 773,282 786,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

773,716

787,856

PROVISIONS FOR LIABILITIES 107 -
NET ASSETS 773,609 787,856

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 772,609 786,856
773,609 787,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Grantley Lowe Limited (Registered number: 06478663)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





R G Lowe - Director


Grantley Lowe Limited (Registered number: 06478663)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Grantley Lowe 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.

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
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of build asset consultant services received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the services are complete.

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 etc - 33% on cost and 25% on cost

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Grantley Lowe Limited (Registered number: 06478663)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 41,969
DEPRECIATION
At 1 May 2023 41,103
Charge for year 432
At 30 April 2024 41,535
NET BOOK VALUE
At 30 April 2024 434
At 30 April 2023 866

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 53,340 67,932
Amounts recoverable on contract 20,000 17,558
Other debtors 25,002 186,874
98,342 272,364

Grantley Lowe Limited (Registered number: 06478663)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 43,706 41,071
Other creditors 120,122 81,105
163,828 122,176

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors, Mr R Lowe and Mr W Jones operate current accounts to which transactions of a private nature are charged.
Included in other creditors as at 30th April 2024 is £787 owed to Mr R Lowe (2023 £159,499 owed from Mr R Lowe).
Included in other debtors is £176 owed from Mr W Jones (2023 £2,500 owed to Mr W Jones).
All advances are unsecured, interest free and there is no formal repayment plan.