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COMPANY REGISTRATION NUMBER: 06929257
GRESHAM SUPPORT SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
GRESHAM SUPPORT SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
5
50
50
CURRENT ASSETS
Debtors
6
5,510
4,730
Cash at bank and in hand
23,421
27,807
--------
--------
28,931
32,537
CREDITORS: amounts falling due within one year
7
9,726
8,709
--------
--------
NET CURRENT ASSETS
19,205
23,828
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
19,255
23,878
--------
--------
NET ASSETS
19,255
23,878
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
19,155
23,778
--------
--------
SHAREHOLDERS FUNDS
19,255
23,878
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GRESHAM SUPPORT SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
Mr C R Gresham
Director
Company registration number: 06929257
GRESHAM SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 Wellingborough Road, Broughton, Kettering, Northamptonshire, NN14 1PD.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revenue recognition The turnover shown in the profit and loss account represents amounts receivable during the period, exclusive of Value Added Tax. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 33.3% straight line
Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Investments in associates Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. TANGIBLE ASSETS
Equipment
£
Cost
At 1 April 2023 and 31 March 2024
1,535
-------
Depreciation
At 1 April 2023 and 31 March 2024
1,535
-------
Carrying amount
At 31 March 2024
-------
At 31 March 2023
-------
5. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
50
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
50
----
At 31 March 2023
50
----
The company owns a 50% holding in Gresham Considine LLP.
6. DEBTORS
2024
2023
£
£
Other debtors
5,510
4,730
-------
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
80
Other creditors
9,726
8,629
-------
-------
9,726
8,709
-------
-------
8. RELATED PARTY TRANSACTIONS
The directors have advanced monies to the company. At 31 March 2024 the amount due from the company was £ 8,886 (2023 - £ 7,829 ).