2023-05-01 05435396 2024-04-30 05435396 2023-05-01 2024-04-30 05435396 2023-04-30 05435396 2022-05-01 2023-04-30 05435396 uk-core:WithinOneYear 2023-04-30 05435396 uk-core:WithinOneYear 2024-04-30 05435396 uk-core:AfterOneYear 2023-04-30 05435396 uk-core:AfterOneYear 2024-04-30 05435396 uk-core:ShareCapital 2024-04-30 05435396 uk-core:ShareCapital 2023-04-30 05435396 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 05435396 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 05435396 uk-bus:Director1 2023-05-01 2024-04-30 05435396 uk-core:NetGoodwill 2023-05-01 2024-04-30 05435396 uk-core:LandBuildings 2023-05-01 2024-04-30 05435396 uk-core:PlantMachinery 2023-05-01 2024-04-30 05435396 uk-core:MotorVehicles 2023-05-01 2024-04-30 05435396 uk-core:OfficeEquipment 2023-05-01 2024-04-30 05435396 uk-core:Goodwill 2023-04-30 05435396 uk-core:Goodwill 2024-04-30 05435396 uk-core:Goodwill 2023-05-01 2024-04-30 05435396 uk-core:OfficeEquipment 2023-04-30 05435396 uk-core:MotorVehicles 2023-04-30 05435396 uk-core:PlantMachinery 2023-04-30 05435396 uk-core:PlantMachinery 2024-04-30 05435396 uk-core:MotorVehicles 2024-04-30 05435396 uk-core:OfficeEquipment 2024-04-30 05435396 uk-core:CostValuation 2023-04-30 05435396 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-04-30 05435396 uk-core:DisposalsRepaymentsInvestments 2024-04-30 05435396 uk-core:DisposalsRepaymentsInvestments uk-core:Non-currentFinancialInstruments 2024-04-30 05435396 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-04-30 05435396 uk-core:CostValuation 2024-04-30 05435396 uk-core:Non-currentFinancialInstruments 2024-04-30 05435396 uk-core:Non-currentFinancialInstruments 2023-04-30 05435396 uk-core:AfterOneYear uk-core:Secured 2024-04-30 05435396 uk-core:AfterOneYear uk-core:Secured 2023-04-30 05435396 2 uk-bus:Director1 2023-05-01 2024-04-30 05435396 2 uk-bus:Director1 2024-04-30 05435396 2 uk-bus:Director1 2023-04-30 05435396 3 uk-bus:Director2 2023-05-01 2024-04-30 05435396 3 uk-bus:Director2 2024-04-30 05435396 3 uk-bus:Director2 2023-04-30 iso4217:GBP xbrli:pure 05435396 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05435396 uk-bus:FRS102 2023-05-01 2024-04-30 05435396 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 05435396 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
GROTECH LTD
Registered Number:05435396
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
GROTECH LTD
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
05435396
As at 30 April 2024
GROTECH LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
3,978
7,378
2
Property, plant and equipment
25,981
30,997
3
Financial assets
72,371
70,497
4
100,456
110,746
Current assets
Inventories
276,590
332,480
5
Trade and other receivables
237,057
340,557
6
421,360
Cash and cash equivalents
129,550
802,587
935,007
Trade and other payables: amounts falling due within one
year
(175,207)
(167,270)
7
759,800
635,317
Net current assets
Total assets less current liabilities
735,773
870,546
Trade and other payables: amounts falling due after more
than one year
(9,629)
-
8
(5,631)
(5,889)
Provisions for liabilities
730,142
Net assets
855,028
Capital and reserves
Called up share capital
100
100
Retained earnings
730,042
854,928
730,142
855,028
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
05435396
For the year ended 30 April 2024
GROTECH LTD
Statement of Financial Position Continued
Sean Graham Director
These financial statements were approved and authorised for issue by the Board on 25 February 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 April 2024
GROTECH LTD
Notes to the Financial Statements
Statutory Information
GROTECH LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number
05435396.
Registered address:
597 Ashingdon Road
Rochford
Essex
SSF 3JF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Straight line
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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6
For the year ended 30 April 2024
GROTECH LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 May 2023
68,000
At 30 April 2024
68,000
Amortisation
At 01 May 2023
60,622
3,400
Charge for year
At 30 April 2024
64,022
Net book value
At 30 April 2024
3,978
At 30 April 2023
7,378
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 May 2023
118,807
51,341
28,318
39,148
At 30 April 2024
39,148
28,318
51,341
118,807
Provision for depreciation and impairment
At 01 May 2023
87,810
37,355
24,695
25,760
Charge for year
5,016
2,098
910
2,008
At 30 April 2024
92,826
39,453
25,605
27,768
At 30 April 2024
Net book value
11,380
2,713
11,888
25,981
At 30 April 2023
13,388
3,623
13,986
30,997
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7
For the year ended 30 April 2024
GROTECH LTD
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Loans to Group and participating interests
Total
At 01 May 2023
72,371
72,371
Cost
£
£
Disposals/Repayments
(1,874)
(1,874)
At 30 April 2024
70,497
70,497
At 30 April 2024
Net book value
70,497
70,497
At 01 May 2023
72,371
72,371
The unlisted investment relates to property held for long term development.
5. Inventories
2023
2024
£
£
Stocks
332,480
276,590
6. Trade and other receivables
2023
2024
£
£
Trade debtors
77,674
17,672
Taxation and social security
7,317
31,796
Other debtors
255,566
187,589
237,057
340,557
7. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
22,491
27,220
Taxation and social security
142,218
143,926
Accruals and deferred income
2,270
3,770
Other creditors
291
291
167,270
175,207
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8
For the year ended 30 April 2024
GROTECH LTD
Notes to the Financial Statements Continued
8. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
9,629
9. Related party transactions
The company is jointly controlled by the Directors who hold 100% of the voting rights of the company in equal
proportions.
10. Directors advances and guarantees
At 01/05/2023
Loaned
Repaid
At 30/04/2024
£
£
£
£
Sean Graham
Directore Loan advance - Interest free
101,717
67,552
101,717
67,552
101,717
67,552
101,717
67,552
Grace Storey
Director Loan Advance - Interest free
101,716
67,452
101,716
67,452
101,716
67,452
101,716
67,452
11. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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