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REGISTERED NUMBER: SC462164 (Scotland)















Grigor Harvesting Limited

Financial Statements For The Year Ended 31 October 2024






Grigor Harvesting Limited (Registered number: SC462164)






Contents of the Financial Statements
For The Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Grigor Harvesting Limited

Company Information
For The Year Ended 31 October 2024







DIRECTOR: D Grigor





REGISTERED OFFICE: Park House Centre
South Street
Elgin
Moray
IV30 1JB





REGISTERED NUMBER: SC462164 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Grigor Harvesting Limited (Registered number: SC462164)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,699 31,646
40,699 31,646

CURRENT ASSETS
Cash at bank 27,816 30,817

CREDITORS
Amounts falling due within one year 6 13,666 10,712
NET CURRENT ASSETS 14,150 20,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,849

51,751

PROVISIONS FOR LIABILITIES 7 7,733 6,013
NET ASSETS 47,116 45,738

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 47,016 45,638
SHAREHOLDERS' FUNDS 47,116 45,738

Grigor Harvesting Limited (Registered number: SC462164)

Balance Sheet - continued
31 October 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 12 February 2025 and were signed by:





D Grigor - Director


Grigor Harvesting Limited (Registered number: SC462164)

Notes to the Financial Statements
For The Year Ended 31 October 2024

1. STATUTORY INFORMATION

Grigor Harvesting Limited is a private company, limited by shares , registered in Scotland. 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 is the amount paid in connection with the acquisition of a business in 2013. After initially being amortised evenly over its initial estimated useful life of twenty years, the remainder(since 1 November 2015) is now being amortised evenly over its remaining estimated useful life of five 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 the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 25% on reducing balance and 20% on reducing balance

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.

Grigor Harvesting Limited (Registered number: SC462164)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 10,000
AMORTISATION
At 1 November 2023
and 31 October 2024 10,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 November 2023 38,134
Additions 18,553
At 31 October 2024 56,687
DEPRECIATION
At 1 November 2023 6,488
Charge for year 9,500
At 31 October 2024 15,988
NET BOOK VALUE
At 31 October 2024 40,699
At 31 October 2023 31,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 10,020 8,080
Other creditors 3,646 2,632
13,666 10,712

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax
Accelerated capital allowances 7,733 6,013

Grigor Harvesting Limited (Registered number: SC462164)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 6,013
Provided during year 1,720
Balance at 31 October 2024 7,733

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 November 2023 45,638
Profit for the year 37,378
Dividends (36,000 )
At 31 October 2024 47,016

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £27,000 (2023 - £27,000) were paid to the director .

D Grigor
is a director in the company


Included in other creditors is an interest free directors loan. There are no repayment terms.

31.10.24 31.10.23
£    £   
Amount due to related party at the balance sheet date 3,171 2,172

11. ULTIMATE CONTROLLING PARTY

The controlling party is D Grigor.

The ultimate controlling party is D Grigor.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Grigor Harvesting Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grigor Harvesting Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Grigor Harvesting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Grigor Harvesting Limited and state those matters that we have agreed to state to the director of Grigor Harvesting Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grigor Harvesting Limited and its director for our work or for this report.

It is your duty to ensure that Grigor Harvesting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Grigor Harvesting Limited. You consider that Grigor Harvesting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Grigor Harvesting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


12 February 2025