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REGISTERED NUMBER: 14179003 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

EMINENT GRP FABRICATIONS LIMITED

EMINENT GRP FABRICATIONS LIMITED (REGISTERED NUMBER: 14179003)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

EMINENT GRP FABRICATIONS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: D Ley





REGISTERED OFFICE: Unit 33
Valley Road Business Park
Birkenhead
CH41 7EL





REGISTERED NUMBER: 14179003 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

EMINENT GRP FABRICATIONS LIMITED (REGISTERED NUMBER: 14179003)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Stocks 99,708 59,464
Debtors 4 132,123 27,266
Prepayments and accrued income 106,057 -
Cash at bank 57,100 13,165
394,988 99,895
CREDITORS
Amounts falling due within one year 5 414,108 99,818
NET CURRENT (LIABILITIES)/ASSETS (19,120 ) 77
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,120

)

77

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 7 (19,121 ) 76
SHAREHOLDERS' FUNDS (19,120 ) 77

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2025 and were signed by:





D Ley - Director


EMINENT GRP FABRICATIONS LIMITED (REGISTERED NUMBER: 14179003)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Eminent GRP Fabrications Limited is a private company, limited by shares , registered in England and Wales. 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 106,039 15,736
Other debtors 26,084 11,530
132,123 27,266

EMINENT GRP FABRICATIONS LIMITED (REGISTERED NUMBER: 14179003)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 105,728 23,731
Trade creditors 182,601 50,637
Taxation and social security 3,035 230
Other creditors 122,744 25,220
414,108 99,818

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary 1 1 1

7. RESERVES
Retained
earnings
£   

At 1 July 2023 76
Deficit for the year (13,597 )
Dividends (5,600 )
At 30 June 2024 (19,121 )

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £17,564 (£5,530 - 2023) owing from Mr Daniel Ley in respect of the director's loan account.

9. RELATED PARTY DISCLOSURES

An amount of £117,148 has been lent from Eminent GRP Recruitment Limited. Mr D Ley is the sole director and shareholder of this company. This amount is held in Other Creditors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Ley.

11. CONTINGENT ASSET

The directors and shareholders are aware that they have paid dividends in excess of available reserves to the extent that the Companies Act 2006 was contravened. However the directors and shareholders were unable to reasonably foresee that this problem might arise at the time the interim dividends were paid. Subsequently, the directors have confirmed that it is their intention to restore a positive balance on reserves and to rectify the problem at the earliest available opportunity as required by the Companies Act 2006.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Eminent GRP Fabrications Limited (Registered number: 14179003)

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 Eminent GRP Fabrications Limited for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, 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 Eminent GRP Fabrications Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eminent GRP Fabrications Limited and state those matters that we have agreed to state to the director of Eminent GRP Fabrications 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 Eminent GRP Fabrications Limited and its director for our work or for this report.

It is your duty to ensure that Eminent GRP Fabrications 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 loss of Eminent GRP Fabrications Limited. You consider that Eminent GRP Fabrications 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 Eminent GRP Fabrications 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.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


24 March 2025