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REGISTERED NUMBER: 04006997 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Grade Line (UK) Limited

Grade Line (UK) Limited (Registered number: 04006997)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grade Line (UK) Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: J Stavropoulos
L Stavropoulos
S Stavropoulos





SECRETARY: J Stavropoulos





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
Co. Durham
TS23 4EA





REGISTERED NUMBER: 04006997 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Grade Line (UK) Limited (Registered number: 04006997)

Balance Sheet
30th April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 374,908 449,831
Tangible assets 4 21,936 28,829
396,844 478,660

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 833,546 923,907
Cash at bank 18,482 21,950
854,028 947,857
CREDITORS
Amounts falling due within one year 6 (367,207 ) (249,468 )
NET CURRENT ASSETS 486,821 698,389
TOTAL ASSETS LESS CURRENT LIABILITIES 883,665 1,177,049

CREDITORS
Amounts falling due after more than one
year

7

(74,393

)

(127,898

)

PROVISIONS FOR LIABILITIES (3,617 ) (4,806 )
NET ASSETS 805,655 1,044,345

CAPITAL AND RESERVES
Called up share capital 476,623 476,623
Retained earnings 329,032 567,722
805,655 1,044,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Grade Line (UK) Limited (Registered number: 04006997)

Balance Sheet - continued
30th 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 Board of Directors and authorised for issue on 30th January 2025 and were signed on its behalf by:





J Stavropoulos - Director


Grade Line (UK) Limited (Registered number: 04006997)

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

1. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangiblefixedassets(includingpurchasedgoodwill)areamortisedatratescalculatedtowriteofftheassets onastraightlinebasisovertheirestimatedusefuleconomiclives. Impairmentofintangibleassetsisonlyreviewedwherecircumstancesindicatethatthecarryingvalueofan assetmaynotbefullyrecoverable.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

Grade Line (UK) Limited (Registered number: 04006997)

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

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 1,022,523
AMORTISATION
At 1st May 2023 572,692
Amortisation for year 74,923
At 30th April 2024 647,615
NET BOOK VALUE
At 30th April 2024 374,908
At 30th April 2023 449,831

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st May 2023
and 30th April 2024 24,520 80,172 104,692
DEPRECIATION
At 1st May 2023 22,387 53,476 75,863
Charge for year 426 6,467 6,893
At 30th April 2024 22,813 59,943 82,756
NET BOOK VALUE
At 30th April 2024 1,707 20,229 21,936
At 30th April 2023 2,133 26,696 28,829

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,989 222,173
Other debtors 667,460 687,460
Tax 43,097 14,274
833,546 923,907

Grade Line (UK) Limited (Registered number: 04006997)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,925 8,925
Trade creditors 33,414 15,120
Net wages 28,430 33,805
Social security and other taxes 12,316 9,811
VAT 40,127 29,307
Other creditors 206,299 108,418
Directors' current accounts 33,996 40,382
Accrued expenses 3,700 3,700
367,207 249,468

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 45,833 67,833
Bank Loan 26,524 49,104
Hire purchase contracts 2,036 10,961
74,393 127,898

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 45,833 67,833
Bank Loan 26,524 49,104
72,357 116,937