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Company No: 08128327 (England and Wales)

GREGSON SPRINKLERS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH THE REGISTRAR

GREGSON SPRINKLERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024

Contents

GREGSON SPRINKLERS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
GREGSON SPRINKLERS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
DIRECTOR P Gregson
REGISTERED OFFICE 21 Salthill Avenue
Hopwood
Heywood
Lancashire
OL10 2LB
United Kingdom
COMPANY NUMBER 08128327 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
GREGSON SPRINKLERS LIMITED

BALANCE SHEET

AS AT 31 JULY 2024
GREGSON SPRINKLERS LIMITED

BALANCE SHEET (continued)

AS AT 31 JULY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 14,193 19,402
14,193 19,402
Current assets
Debtors 4 29,523 37,450
Cash at bank and in hand 32,257 80,819
61,780 118,269
Creditors: amounts falling due within one year 5 ( 71,813) ( 122,944)
Net current liabilities (10,033) (4,675)
Total assets less current liabilities 4,160 14,727
Provision for liabilities ( 3,549) ( 4,851)
Net assets 611 9,876
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 511 9,776
Total shareholders' funds 611 9,876

For the financial year ending 31 July 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 financial statements of Gregson Sprinklers Limited (registered number: 08128327) were approved and authorised for issue by the Director on 17 January 2025. They were signed on its behalf by:

P Gregson
Director
GREGSON SPRINKLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
GREGSON SPRINKLERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gregson Sprinklers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 21 Salthill Avenue, Hopwood, Heywood, Lancashire, OL10 2LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 August 2023 2,244 75,736 7,549 85,529
Additions 0 5,000 0 5,000
Disposals 0 ( 5,000) ( 999) ( 5,999)
At 31 July 2024 2,244 75,736 6,550 84,530
Accumulated depreciation
At 01 August 2023 1,670 59,490 4,967 66,127
Charge for the financial year 144 4,061 860 5,065
Disposals 0 0 ( 856) ( 856)
At 31 July 2024 1,814 63,552 4,971 70,337
Net book value
At 31 July 2024 430 12,184 1,579 14,193
At 31 July 2023 574 16,246 2,582 19,402

4. Debtors

2024 2023
£ £
Trade debtors 20,540 23,217
Prepayments 3,188 6,840
VAT recoverable 5,795 7,393
29,523 37,450

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,765 163
Amounts owed to director 42,014 95,119
Accruals 4,910 4,680
Corporation tax 20,362 22,407
Other creditors 1,762 575
71,813 122,944

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
70 A ordinary shares of £ 1.00 each 70 70
7 B ordinary shares of £ 1.00 each 7 7
10 C ordinary shares of £ 1.00 each 10 10
10 D ordinary shares of £ 1.00 each 10 10
1 E ordinary share of £ 1.00 1 1
1 F ordinary share of £ 1.00 1 1
1 G ordinary share of £ 1.00 1 1
100 100