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REGISTERED NUMBER: 00393988 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

The Grasswell Coal Company Limited

The Grasswell Coal Company Limited (Registered number: 00393988)






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


The Grasswell Coal Company Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: B W Kell





REGISTERED OFFICE: Back Richard Street
Hetton-Le-Hole
Tyne and Wear
DH5 9HN





REGISTERED NUMBER: 00393988 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

The Grasswell Coal Company Limited (Registered number: 00393988)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,710 32,947

CURRENT ASSETS
Debtors 5 438,741 465,893
Cash at bank 44,655 135,840
483,396 601,733
CREDITORS
Amounts falling due within one year 6 311,666 430,749
NET CURRENT ASSETS 171,730 170,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,440

203,931

CREDITORS
Amounts falling due after more than one
year

7

-

(34,854

)

PROVISIONS FOR LIABILITIES (4,680 ) (6,410 )
NET ASSETS 191,760 162,667

CAPITAL AND RESERVES
Called up share capital 9 800 800
Retained earnings 190,960 161,867
SHAREHOLDERS' FUNDS 191,760 162,667

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 director acknowledges his 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.

The Grasswell Coal Company Limited (Registered number: 00393988)

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 director and authorised for issue on 10 January 2025 and were signed by:





B W Kell - Director


The Grasswell Coal Company Limited (Registered number: 00393988)

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

1. STATUTORY INFORMATION

The Grasswell Coal Company 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

The accounts have been prepared in accordance with applicable accounting standards. There were no material departures from those standards.

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 is recognised at the point at which the company has fulfilled its contractual obligations to the customer.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

The gain or loss arising from the sale of a tangible fixed asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or 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.

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.

The Grasswell Coal Company Limited (Registered number: 00393988)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 666,158 313 666,471
DEPRECIATION
At 1 May 2023 633,211 313 633,524
Charge for year 8,237 - 8,237
At 30 April 2024 641,448 313 641,761
NET BOOK VALUE
At 30 April 2024 24,710 - 24,710
At 30 April 2023 32,947 - 32,947

The Grasswell Coal Company Limited (Registered number: 00393988)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,750 53,902
Amounts owed by group undertakings 411,991 411,991
438,741 465,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 34,854 78,918
Amounts owed to group undertakings 251,655 315,005
Taxation and social security 18,658 30,326
Other creditors 6,499 6,500
311,666 430,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 34,854

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase agreements 34,854 113,772

Hire purchase agreements are secured on the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
800 Ordinary shares £1 800 800

10. RELATED PARTY DISCLOSURES

During the year the company purchased goods and services from a fellow subsidiary undertaking amounting to £83,650 (2023: £165,000). At the year end £251,655 (2023: £315,005) was due to the related party.

At the year end £411,991 (2023: £411,991) is due from Kell Holdings Limited, the parent company. £nil (2023: £100,000) was repaid by Kell Holdings Limited during the year.