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Company Registration No. 08499537 (England and Wales)
Gridmark Survey Limited Unaudited accounts for the year ended 30 April 2024
Gridmark Survey Limited Unaudited accounts Contents
Page
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Gridmark Survey Limited Company Information for the year ended 30 April 2024
Directors
Abbey Mooney Christopher Mooney
Company Number
08499537 (England and Wales)
Registered Office
Gridmark Survey Ltd Castle Eden Studios Stockton Road, Castle Eden CO. DURHAM TS27 4SD England
Accountants
SK and Co 3rd Floor, St. Georges Building 5 St. Vincent Place Glasgow G1 2DH
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Gridmark Survey Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,500 
4,500 
Tangible assets
123,621 
136,331 
128,121 
140,831 
Current assets
Debtors
115,047 
36,585 
Cash at bank and in hand
47,723 
26,531 
162,770 
63,116 
Creditors: amounts falling due within one year
(133,660)
(158,253)
Net current assets/(liabilities)
29,110 
(95,137)
Total assets less current liabilities
157,231 
45,694 
Creditors: amounts falling due after more than one year
(73,642)
(29,274)
Provisions for liabilities
Deferred tax
(23,488)
- 
Net assets
60,101 
16,420 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
60,001 
16,320 
Shareholders' funds
60,101 
16,420 
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by
Abbey Mooney Director Company Registration No. 08499537
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Gridmark Survey Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Gridmark Survey Limited is a private company, limited by shares, registered in England and Wales, registration number 08499537. The registered office is Gridmark Survey Ltd, Castle Eden Studios, Stockton Road,, Castle Eden, CO. DURHAM, TS27 4SD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Gridmark Survey Limited Notes to the Accounts for the year ended 30 April 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
4,500 
At 30 April 2024
4,500 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
4,500 
At 30 April 2023
4,500 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
242,406 
48,424 
687 
10,276 
301,793 
Additions
48,667 
- 
265 
2,157 
51,089 
Disposals
(48,738)
(10,229)
- 
- 
(58,967)
At 30 April 2024
242,335 
38,195 
952 
12,433 
293,915 
Depreciation
At 1 May 2023
122,192 
37,920 
212 
5,138 
165,462 
Charge for the year
25,051 
2,464 
174 
2,978 
30,667 
On disposals
(16,253)
(9,582)
- 
- 
(25,835)
At 30 April 2024
130,990 
30,802 
386 
8,116 
170,294 
Net book value
At 30 April 2024
111,345 
7,393 
566 
4,317 
123,621 
At 30 April 2023
120,214 
10,504 
475 
5,138 
136,331 
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Gridmark Survey Limited Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
112,310 
33,817 
Accrued income and prepayments
2,619 
2,590 
Other debtors
118 
178 
115,047 
36,585 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,839 
5,000 
VAT
24,218 
- 
Obligations under finance leases and hire purchase contracts
26,810 
114,416 
Trade creditors
24,756 
13,160 
Taxes and social security
50,315 
25,001 
Other creditors
- 
676 
Loans from directors
802 
- 
Accruals
1,920 
- 
133,660 
158,253 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,597 
29,274 
Obligations under finance leases and hire purchase contracts
49,045 
- 
73,642 
29,274 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
23,488 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
23,488 
- 
Provision at end of year
23,488 
- 
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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