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REGISTERED NUMBER: 05208523 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Cullen Grummitt & Roe (UK) Limited

Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cullen Grummitt & Roe (UK) Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Dr S E Grummitt
A A C Grummitt





SECRETARY: MP Secretaries Limited





REGISTERED OFFICE: 59-61 High Street
Kingston-upon-Thames
Surrey
KT1 1LQ





REGISTERED NUMBER: 05208523 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE

Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,997 42,126

CURRENT ASSETS
Debtors 5 5,611,779 5,323,922
Cash at bank and in hand 198,085 461,012
5,809,864 5,784,934
CREDITORS
Amounts falling due within one year 6 2,768,106 3,126,279
NET CURRENT ASSETS 3,041,758 2,658,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,080,755

2,700,781

PROVISIONS FOR LIABILITIES 6,691 10,481
NET ASSETS 3,074,064 2,690,300

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,073,964 2,690,200
SHAREHOLDERS' FUNDS 3,074,064 2,690,300

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 directors acknowledge their 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.

Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





Dr S E Grummitt - Director


Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Cullen Grummitt & Roe (UK) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 30% 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.

Government grants
Government grants that are received in respect of expenses or losses already incurred by the entity are recognised in profit and loss in the period when the grant becomes receivable.

Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2023 - 54 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 25,064 4,740 25,901 96,199 151,904
Additions - - - 11,042 11,042
Disposals - (998 ) (2,382 ) (3,935 ) (7,315 )
At 30 June 2024 25,064 3,742 23,519 103,306 155,631
DEPRECIATION
At 1 July 2023 23,237 2,211 15,082 69,248 109,778
Charge for year 365 506 2,164 10,181 13,216
Eliminated on disposal - (891 ) (1,953 ) (3,516 ) (6,360 )
At 30 June 2024 23,602 1,826 15,293 75,913 116,634
NET BOOK VALUE
At 30 June 2024 1,462 1,916 8,226 27,393 38,997
At 30 June 2023 1,827 2,529 10,819 26,951 42,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,502,626 1,092,206
Other debtors 4,109,153 4,231,716
5,611,779 5,323,922

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 287,326 391,513
Taxation and social security 131,474 109,342
Other creditors 2,349,306 2,625,424
2,768,106 3,126,279

7. OTHER FINANCIAL COMMITMENTS

Under the terms of an agreement between Hong Kong and Shanghai Banking Corporation Limited and M/s Egis India Consulting Engineers Private Limited dated 20 March 2019, the company has given a guarantee amounting to Rupees 87 Lakhs 84,645 (10% of its share of the agreement).

Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. RELATED PARTY DISCLOSURES

At 30 June 2024 the company had debtors due within one year arising from transactions with companies under the control of the directors as follows:

Within other debtors :
CGR (QLD) Pty Ltd: £795,415 (2023 - £1,135,729)
CGR Kingston (UK) Ltd: £145,150 (2023 - £128,939)
CGR (International) Pty Ltd Sucursal Argentina: £Nil (2023 - £87,808)
CGR Morocco Ltd £Nil (2022: £73,843)
CGR India Ltd £1,401 (2023: £1,212)
CGR Romania Ltd £Nil (2023: £83)

Within trade debtors :
CGR Kingston (UK) Ltd: £7,200 (2023: £21,600)
CGR (International) Pty Ltd £67,845 (2023: £5,728)
Cullen Grummit & Roe Pty Ltd £453,190 (2023: £319,810)
CGR Canada Project Management Ltd: £5,139 (2023 - £7,775)
CGR Morocco Ltd £Nil (2023: £234,591)

At 30 June 2024 the company had creditors due within one year arising from transactions with companies under the control of the directors as follows:

Within trade creditors :
CGR (QLD) Pty Ltd: £Nil (2023 - £113,920)
CGR Canada Project Management Ltd: £73,473 (2023 - £73,473)
Cullen Grummit & Roe (India) Pvt Ltd £Nil (2023: £36,616)
Grummitt Consulting Pty Ltd £Nil (2023: £18,530)

An amount due to the director, S E Grummitt, of £54,472 is also in trade creditors at 30 June 2024.

Within other creditors :
CGR Canada Project Management Ltd: £146,535 (2023 - £157,793)
CGR Morocco Ltd £241,328 (2023: £240,464)

In the year ended 30 June 2024 the company had trading transactions with companies under the control of the directors as follows:

Sales to CGR Kingston (UK) Ltd amounting to: £6,000 (2023 - £6,000)
Purchases from CGR Kingston (UK) Ltd amounting to: £60,000 (2023- £60,000)
Sales to CGR Canada Project Management Ltd amounting to: £5,139 (2023 - £120,733)
Sales to CGR (International) Pty Ltd amounting to £66,282 (2023 - £Nil)
Sales to CGR Morocco Ltd amounting to £804,249 (2023 - £1,457,197)
Sales to Cullen Grummitt & Roe Pty Ltd amounting to £133,379 (2023 - £Nil)
Purchases from Grummit Consulting Pty Ltd amounting to: £20,621 (2023 - £Nil)
Purchases from Cullen Grummit & Roe (India) Pvt Ltd amounting to: £127,217 (2023 - £52,888)
CGR (QLD) Pty Ltd: £113,920 (2023 - £Nil)

9. ULTIMATE CONTROLLING PARTY

The principal shareholder, Mr A A C Grummitt, is the ultimate controlling party.

10. LEASE COMMITMENTS

At 30 June 2024 the company had total lease commitments due within one year of £60,000 and due between two and five years of £240,000..