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REGISTERED NUMBER: 04739849 (England and Wales)















Financial Statements for the Year Ended 30th April 2024

for

G & R Decorators Limited

G & R Decorators Limited (Registered number: 04739849)






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


G & R Decorators Limited

Company Information
for the Year Ended 30th April 2024







DIRECTOR: Mr W Rees





REGISTERED OFFICE: 15 Soane Close
Rogerstone
Newport
NP11 0BG





REGISTERED NUMBER: 04739849 (England and Wales)

G & R Decorators Limited (Registered number: 04739849)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,975 6,602
4,975 6,602

CURRENT ASSETS
Stocks 330,412 331,662
Debtors 6 40,642 46,509
Cash at bank and in hand 218,433 312,030
589,487 690,201
CREDITORS
Amounts falling due within one year 7 61,419 86,790
NET CURRENT ASSETS 528,068 603,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

533,043

610,013

PROVISIONS FOR LIABILITIES 3,141 3,141
NET ASSETS 529,902 606,872

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 529,901 606,871
SHAREHOLDERS' FUNDS 529,902 606,872

G & R Decorators Limited (Registered number: 04739849)

Balance Sheet - continued
30th April 2024


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 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 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 13th January 2025 and were signed by:





Mr W Rees - Director


G & R Decorators Limited (Registered number: 04739849)

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

1. STATUTORY INFORMATION

G & R Decorators 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


G & R Decorators Limited (Registered number: 04739849)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 160,000
AMORTISATION
At 1st May 2023
and 30th April 2024 160,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

G & R Decorators Limited (Registered number: 04739849)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 46,428
DEPRECIATION
At 1st May 2023 39,826
Charge for year 1,627
At 30th April 2024 41,453
NET BOOK VALUE
At 30th April 2024 4,975
At 30th April 2023 6,602

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 20,129
NET BOOK VALUE
At 30th April 2024 20,129
At 30th April 2023 20,129

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,642 41,556
Other debtors - 4,953
40,642 46,509

G & R Decorators Limited (Registered number: 04739849)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,142 15,877
Taxation and social security 6,115 26,454
Other creditors 36,162 44,459
61,419 86,790