Registered number
11403677
Gratton Oakes (Construction) Ltd
Unaudited Filleted Accounts
30 June 2024
Gratton Oakes (Construction) Ltd
Registered number: 11403677
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,636 2,182
Current assets
Debtors 4 76,780 126,809
Cash at bank and in hand 7,356 31,888
84,136 158,697
Creditors: amounts falling due within one year 5 (217,466) (172,136)
Net current liabilities (133,330) (13,439)
Total assets less current liabilities (131,694) (11,257)
Creditors: amounts falling due after more than one year 6 (10,833) (20,833)
Net liabilities (142,527) (32,090)
Capital and reserves
Called up share capital 2 2
Profit and loss account (142,529) (32,092)
Shareholders' funds (142,527) (32,090)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Oakes
Director
Approved by the board on 7 March 2025
Gratton Oakes (Construction) Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The company has incurred significant losses during the period due to delayed projects and the balance sheet records a significant excess of liabilities over assets at that date. The directors are, however, satisfied that this issue can be traded through and on that basis therefore consider it appropriate to prepare these accounts on a going concern basis. The accounts do not therefore reflect any adjustments to asset values or recognition of additional liabilities which might otherwise be necessary.
Turnover and amounts recoverable upon contracts
Turnover is a) measured at the fair value of the consideration received or receivable, net of discounts and value added taxes, b) relates to revenues earned from the rendering of services, and c) is initially recognised as invoices are raised but then amended for the sales value of uninvoiced works in progress at the balance sheet dates (these amounts being disclosed within Debtors as Amounts recoverable upon contracts).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:
Plant and machinery 25% reducing balance
Taxation
Taxation balances are recognised where a) a current tax liability (or asset) exists in respect of tax payable (or recoverable) on the taxable profit of the current and past periods, and b) a deferred tax liability exists in respect of timing differences between the recognition of income and expenses in the accounts and their assessment for taxation purposes.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 6,898
At 30 June 2024 6,898
Depreciation
At 1 July 2023 4,716
Charge for the year 546
At 30 June 2024 5,262
Net book value
At 30 June 2024 1,636
At 30 June 2023 2,182
4 Debtors 2024 2023
£ £
Trade debtors 34,313 54,512
Amounts recoverable upon contracts 41,767 39,597
Other debtors 700 32,700
76,780 126,809
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 73,347 109,944
Taxation and social security costs 97,969 51,039
Other creditors 36,150 1,153
217,466 172,136
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,833 20,833
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D Gratton
Loan made without terms attaching 18,000 - (18,000) -
R Oakes
Loan made without terms attaching 8,000 - (8,000) -
26,000 - (26,000) -
8 Related party transactions
During the period ended on the balance sheet date, the following transactions occurred at open market values:
a) the company charged undertakings in which one or both of the directors have an interest a total amount of £189,208 (2023 - £208,776) for work done, and
b) the company was charged by the directors or by undertakings in which one or both of the directors have an interest a total amount of £47,773 (2023 - £23,693) for services rendered to it.

At the balance sheet date, the company owed £35,000 (2023 - £4,500 owed to the company) in respect of short-term loans provided by undertakings in which the directors have an interest. No terms attached to these loans.
9 Other information
Gratton Oakes (Construction) Ltd is a private company limited by shares and incorporated in England and Wales. It is owned and therefore controlled by the directors where acting jointly. The registered office is situated at 5 King Street, Wrexham, LL11 1HF.
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