Company Registration No. 10094985 (England and Wales)
GRFC - Trading Limited
Unaudited accounts
for the year ended 30 June 2024
GRFC - Trading Limited
Unaudited accounts
Contents
GRFC - Trading Limited
Company Information
for the year ended 30 June 2024
Directors
J P Shelton
G A M Keenan
G L Haggar
Company Number
10094985 (England and Wales)
Registered Office
The Rectory Field
Donald Biggs Drive
Gravesend
Kent
DA12 2TL
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
GRFC - Trading Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
130,740
112,620
Creditors: amounts falling due within one year
(144,290)
(127,204)
Net current assets/(liabilities)
100
(80)
Called up share capital
100
100
Shareholders' funds
100
100
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
G A M Keenan
Director
Company Registration No. 10094985
GRFC - Trading Limited
Notes to the Accounts
for the year ended 30 June 2024
GRFC - Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 10094985. The registered office is The Rectory Field, Donald Biggs Drive, Gravesend, Kent, DA12 2TL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% straight line basis
GRFC - Trading Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
9,509
8,699
Amounts owed to group undertakings and other participating interests
126,686
110,149
Taxes and social security
382
1,270
Other creditors
5,710
5,083
7
Transactions with related parties
During the year, GRFC - Trading Limited granted a donation to its parent, Gravesend Rugby Football Club Limited of £44,354 (2023 - £55,923).
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).