6290409falseretail of hydroponic equipment2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:CompanySecretary12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/cd:Director12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-06-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-06-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:NetGoodwill2024-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-06-30http://www.companieshouse.gov.uk/pt:NetGoodwill2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FRS1022023-07-012024-06-30http://www.companieshouse.gov.uk/2024-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2023-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2024-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 6290409

Grotec UK Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

Grotec UK Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Mr K.S. Khan
SECRETARY
Mrs S Khan
REGISTERED OFFICE
393 Manchester Old Road
Rochdale
Lancashire
OL11 3PG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6290409
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

Grotec UK Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Grotec UK Ltd

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets4158,338181,113
CURRENT ASSETS
Stock573,500424,620
Debtors6127,190144,458
Cash at bank and in hand563,617727,387
1,264,3071,296,465
CREDITORS: Amounts falling due within one year7400,513493,513
NET CURRENT ASSETS863,794802,952
TOTAL ASSETS LESS CURRENT LIABILITIES1,022,132984,065
PROVISIONS FOR LIABILITIES AND CHARGES83,9138,585
NET ASSETS1,018,219975,480
CAPITAL AND RESERVES
Called up share capital99999
Profit and loss account1,018,120975,381
SHAREHOLDERS' FUNDS1,018,219975,480
For the year ending 30/06/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/03/2025 and signed on their behalf by
.............................
Mr K.S. Khan
Director

Grotec UK Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 20%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Grotec UK Ltd

1f. Goodwill
Goodwill is capitalised in accordance with FRS10.
Amortisation is calculated so as to write off the cost of the asset less its estimated residual value, over the useful economic life of that asset as follow:-
Amortisation of goodwill 10% straight line
1g. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2. EMPLOYEES
20242023
No.No.
Average number of employees99
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/202334,00034,000
At 30/06/202434,00034,000
Depreciation
At 01/07/202334,00034,000
At 30/06/202434,00034,000
Net Book Amounts
At 30/06/2024--

Grotec UK Ltd

4. TANGIBLE FIXED ASSETS
Land AndCommercialFixtures
BuildingsVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/07/202376,658131,30320,536144,066372,563
Additions---1,1821,182
At 30/06/202476,658131,30320,536145,248373,745
Depreciation
At 01/07/2023-89,87716,72984,844191,450
For the year-8,28557115,10123,957
At 30/06/2024-98,16217,30099,945215,407
Net Book Amounts
At 30/06/202476,65833,1413,23645,303158,338
At 30/06/202376,65841,4263,80759,222181,113
5. STOCK 20242023
££
Stock comprises:
Stock573,500424,620
573,500424,620
6. DEBTORS 20242023
££
Amounts falling due within one year
VAT39,56556,121
Amounts due Techone Electronics Ltd85,29885,298
Prepayments2,3273,039
127,190144,458

Grotec UK Ltd

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax42,47758,030
PAYE control1,8243,380
Pension Control account266373
Directors current account Mr R S Khan 55,90043,007
Shareholders current account S Khan23,50025,000
Shareholders current account K Khan23,50032,391
Trade creditors249,471326,960
Accruals3,5754,372
400,513493,513
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation3,9138,585
3,9138,585
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
99 Ordinary shares of £1 each9999
9999
10. CONTROLLING PARTY
The Company was controlled during the year by its sole director, togther with members of his close family, by virtue of the fact that they owned 100% of the issued share capital.