10 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP NI636048 2023-04-01 2024-03-31 NI636048 2024-03-31 NI636048 2023-03-31 NI636048 2022-04-01 2023-03-31 NI636048 2023-03-31 NI636048 2022-03-31 NI636048 bus:RegisteredOffice 2023-04-01 2024-03-31 NI636048 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 NI636048 bus:Director1 2023-04-01 2024-03-31 NI636048 core:WithinOneYear 2024-03-31 NI636048 core:WithinOneYear 2023-03-31 NI636048 core:AfterOneYear 2024-03-31 NI636048 core:AfterOneYear 2023-03-31 NI636048 bus:Director1 2023-03-31 NI636048 bus:Director1 2024-03-31 NI636048 bus:Director1 2022-03-31 NI636048 bus:Director1 2023-03-31 NI636048 bus:Director1 2022-04-01 2023-03-31 NI636048 bus:Micro-entities 2023-04-01 2024-03-31 NI636048 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI636048 bus:FullAccounts 2023-04-01 2024-03-31 NI636048 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI636048 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Company registration number: NI636048
GRADE ONE FURNITURE LTD
UNAUDITED FILLETED FINANCIAL STATEMENTS
31 March 2024
GRADE ONE FURNITURE LTD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
_________________________________________________________________________________________
Contents
Directors and other information
Accountants report
Balance sheet and notes to the financial statements
GRADE ONE FURNITURE LTD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
_________________________________________________________________________________________
Director Mr Stephen McErlean
Company number NI636048
Registered office 23 Ballynacombs Road
Portglenone
Antrim
BT44 8NQ
Business address 23 Ballynacombs Road
Portglenone
Antrim
BT44 8NQ
Accountants Kelly & O'Neill Ltd
15E Molesworth Street
Cookstown
Co Tyrone
BT80 8NX
Bankers Danske Bank
P.O. Box 183
Donegall Square West
Belfast
BT1 6JS
GRADE ONE FURNITURE LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GRADE ONE FURNITURE LTD (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
________________________________________________________________________________________
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grade One Furniture Ltd for the year ended 31 March 2024 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the director of Grade One Furniture Ltd, as a body, in accordance with the terms of our engagement letter dated 1 August 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Grade One Furniture Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grade One Furniture Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Grade One Furniture Ltd 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 profit of Grade One Furniture Ltd. You consider that Grade One Furniture Ltd 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 Grade One Furniture Ltd. 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.
Kelly & O'Neill Ltd
Chartered Accountants
15E Molesworth Street
Cookstown
Co Tyrone
BT80 8NX
8 October 2024
GRADE ONE FURNITURE LTD
BALANCE SHEET
31 MARCH 2024
_______________________________________________________________________________________
2024 2023
£ £
Fixed assets 141,503 154,774
_______ _______
Current assets 163,091 232,889
Creditors: amounts falling due within one year ( 214,705) ( 281,549)
_______ _______
Net current liabilities ( 51,614) ( 48,660)
_______ _______
Total assets less current liabilities 89,889 106,114
Creditors: amounts falling due after more than one year ( 35,954) ( 37,186)
Accruals and deferred income ( 1,895) ( 1,513)
_______ _______
Net assets 52,040 67,415
_______ _______
Capital and reserves 52,040 67,415
_______ _______
Notes to the financial statements
GRADE ONE FURNITURE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
_________________________________________________________________________________________
1. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 5 ).
2. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Stephen McErlean ( 84,554) ( 60,403) ( 144,957)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Stephen McErlean ( 62,881) ( 21,673) ( 84,554)
_______ _______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 08 October 2024 , and are signed on behalf of the board by:
Mr Stephen McErlean
Director
Company registration number: NI636048
The company is a private company limited by shares, registered in Northern Ireland.