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Registered number: 00449123
Groom & Llewellyn Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
James Khan
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00449123
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 249,278 263,058
Investments 5 580 580
249,858 263,638
CURRENT ASSETS
Debtors 6 7,223 85,706
Cash at bank and in hand - 13,465
7,223 99,171
Creditors: Amounts Falling Due Within One Year 7 (15,938 ) (115,131 )
NET CURRENT ASSETS (LIABILITIES) (8,715 ) (15,960 )
TOTAL ASSETS LESS CURRENT LIABILITIES 241,143 247,678
Creditors: Amounts Falling Due After More Than One Year 8 (11,667 ) (21,667 )
NET ASSETS 229,476 226,011
CAPITAL AND RESERVES
Called up share capital 9 24,181 24,181
Revaluation reserve 216,337 216,337
Profit and Loss Account (11,042 ) (14,507 )
SHAREHOLDERS' FUNDS 229,476 226,011
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ronald Groom
Director
27/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Groom & Llewellyn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00449123 . The registered office is North Road North Road, Bridgend Industrial Estate, Bridgend, CF31 3TP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% on cost
Plant & Machinery 10% reducing balance
Motor Vehicles 15% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 306,336 13,523 11,755 331,614
Disposals - - (10,755 ) (10,755 )
As at 31 March 2024 306,336 13,523 1,000 320,859
Depreciation
As at 1 April 2023 54,483 10,077 3,996 68,556
Provided during the period 6,127 345 150 6,622
Disposals - - (3,597 ) (3,597 )
As at 31 March 2024 60,610 10,422 549 71,581
...CONTINUED
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Page 4
Net Book Value
As at 31 March 2024 245,726 3,101 451 249,278
As at 1 April 2023 251,853 3,446 7,759 263,058
5. Investments
Other
£
Cost
As at 1 April 2023 580
As at 31 March 2024 580
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 580
As at 1 April 2023 580
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,070 1,358
Amounts owed by group undertakings - 78,278
Other debtors 5,153 6,070
7,223 85,706
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,358 10,000
Amounts owed to group undertakings - 100,303
Other creditors 1,030 3,725
Taxation and social security 4,550 1,103
15,938 115,131
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,667 21,667
11,667 21,667
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9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
24,180 Ordinary Shares of £ 1.000 each 24,180 24,180
1 Ordinary B shares of £ 1.000 each 1 1
24,181 24,181
10. Related Party Transactions
The company is owned by Mr R G Groom who is the managing director and sole shareholder.
At the balance sheet date the company was owed £5,153 by Glazing@Metal Fabrication Ltd a company wholly owned by Mr R G Groom.
Groom & Llewellyn Limited owed £100,303 to Glazing Services (Cabs) Ltd as of 31 March 2023. This balance has been written off and shown as other exceptional item in the profit and loss account as Glazing Services Ltd is in liquidation and therefore this amount is not recoverable.
Laserlec Ltd owed £78,278 to Groom & Llewellyn Limited as of 31 March 2023. This balance has been written off and shown as other exceptional item in the profit and loss account as this amount is not recoverable.
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