Registered number
10107034
Grantson Ltd
Filleted Accounts
30 April 2024
Grantson Ltd
Registered number: 10107034
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,148 33,746
26,148 33,746
Current assets
Debtors 4 - 2,746
Cash at bank and in hand 36,563 29,282
36,563 32,028
Creditors: amounts falling due within one year 5 (39,170) (47,479)
Net current liabilities (2,607) (15,451)
Total assets less current liabilities 23,541 18,295
Net assets 23,541 18,295
Capital and reserves
Called up share capital 67 67
Capital Redemption reserve 6 (13,467) (13,467)
Profit and loss account 36,941 31,695
Shareholders' funds 23,541 18,295
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Grant
Director
Approved by the board on 6 January 2025
Grantson Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against other future taxable profits. Current tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Motor Vehicles Plant and machinery etc Total
£ £
Cost
At 1 May 2023 40,537 2,044 42,581
Additions - 967 967
At 30 April 2024 40,537 3,011 43,548
Depreciation
At 1 May 2023 8,108 727 8,835
Charge for the year 8,108 457 8,565
At 30 April 2024 16,216 1,184 17,400
Net book value
At 30 April 2024 24,321 1,827 26,148
At 30 April 2023 32,429 1,317 33,746
4 Debtors 2024 2023
£ £
Trade debtors - 2,746
- 2,746
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 70 2,357
Taxation and social security costs 17,813 4,504
Other creditors 21,287 40,618
39,170 47,479
6 Capital Redemption reserve 2024 2023
£ £
At 1 May 2023 (13,467) -
Share Buy Back - (13,467)
At 30 April 2024 (13,467) (13,467)
7 Other information
Grantson Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Riverside suite
50A Clifford Way
Maidstone
Kent
ME16 8GD
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