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Registration number: 14156815

Grafter Group Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Grafter Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Grafter Group Limited

(Registration number: 14156815)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

3

503

Cash at bank and in hand

 

1,396

-

 

1,399

503

Creditors: Amounts falling due within one year

6

(750)

(360)

Net assets

 

649

143

Capital and reserves

 

Called up share capital

3

3

Retained earnings

646

140

Shareholders' funds

 

649

143

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 January 2025
 

.........................................
Mr Ian Christopher Turner
Director

 

Grafter Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1, Lodge Yard Business Centre
Kingswood
Aylesbury
Buckinghamshire
HP18 0QJ
England

These financial statements were authorised for issue by the director on 15 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

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.

Investments

Fixed asset Investments held comprise interest in equity shares which are not publicly traded and where fair value cannot be measured reliably. These investments are therefore held at cost and are tested for impairment periodically. Any impairment is recognised within profit and loss in the relevant period

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Grafter Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Utility Pros (UK) Limited

Unit 1, Lodge Yard Business Centre, Kingswood, Aylesbury, Buckinghamshire, England, HP18 0QJ

England

Ordinary

100%

100%

Trades Warehouse Limited

Unit 1, Lodge Yard Business Centre, Kingswood, Aylesbury, Buckinghamshire, England, HP18 0QJ

England

Ordinary

100%

100%

 

Grafter Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Subsidiary undertakings

Utility Pros (UK) Limited

The principal activity of Utility Pros (UK) Limited is electrical, plumbing, heating & air-conditioning installation.

Trades Warehouse Limited

The principal activity of Trades Warehouse Limited is wholesale retail of plumbing and heating supplies.

5

Debtors

Current

2024
£

2023
£

Other debtors

3

503

 

3

503

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

390

360

Other creditors

360

-

750

360

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

3

3

3

3

         

8

Dividends

Interim dividends paid

 

Grafter Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2024
£

2023
£

Interim dividend of 6,833.00 (2023 - 6,500.00) per each Ordinary

20,500

19,500

 

 

9

Parent and ultimate parent undertaking

The ultimate controlling party is Ian Turner as director and shareholder.