0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,402 1,402 280 280 1,122 xbrli:pure xbrli:shares iso4217:GBP 14173429 2023-04-01 2024-03-31 14173429 2024-03-31 14173429 2023-03-31 14173429 core:PlantMachinery 2023-04-01 2024-03-31 14173429 bus:Director1 2023-04-01 2024-03-31 14173429 core:WithinOneYear 2024-03-31 14173429 core:PlantMachinery 2024-03-31 14173429 core:ShareCapital 2024-03-31 14173429 core:RetainedEarningsAccumulatedLosses 2024-03-31 14173429 bus:SmallEntities 2023-04-01 2024-03-31 14173429 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14173429 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14173429 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14173429 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 14173429
GRIZZLY ROPES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
GRIZZLY ROPES LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
Note
£
FIXED ASSETS
Tangible assets
4
1,122
CURRENT ASSETS
Cash at bank and in hand
6,111
CREDITORS: amounts falling due within one year
5
4,658
--------
NET CURRENT ASSETS
1,453
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,575
--------
NET ASSETS
2,575
--------
CAPITAL AND RESERVES
Called up share capital
10
Profit and loss account
2,565
--------
SHAREHOLDERS FUNDS
2,575
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GRIZZLY ROPES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Mr L J Drinkwater
Director
Company registration number: 14173429
GRIZZLY ROPES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Ctaon Road, Lancaster, LA1 3SW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
4. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 April 2023
Additions
1,402
--------
At 31 March 2024
1,402
--------
Depreciation
At 1 April 2023
Charge for the year
280
--------
At 31 March 2024
280
--------
Carrying amount
At 31 March 2024
1,122
--------
5. CREDITORS: amounts falling due within one year
2024
£
Accruals and deferred income
491
Corporation tax
4,161
Director loan accounts
6
--------
4,658
--------