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Company Registration No. 05487004 (England and Wales)







GRADEWELL CONSTRUCTION LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
GRADEWELL CONSTRUCTION LIMITED
 
 
COMPANY INFORMATION


Director
Thomas Barrett 




Company secretary
Robert Nimz



Registered number
05487004



Registered office
73 Field Lane
Brentford

TW8 8NA




Accountants
Riordan O'Sullivan & Co
Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE





 
GRADEWELL CONSTRUCTION LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 4


 
GRADEWELL CONSTRUCTION LIMITED
REGISTERED NUMBER:05487004

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,032,006
1,023,881

Cash at bank and in hand
  
60,673
96,166

  
1,092,679
1,120,047

Creditors: amounts falling due within one year
 5 
(336,926)
(339,766)

Net current assets
  
 
 
755,753
 
 
780,281

Total assets less current liabilities
  
755,753
780,281

Creditors: amounts falling due after more than one year
  
(10,186)
(20,188)

  

Net assets
  
745,567
760,093


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
745,566
760,092

  
745,567
760,093


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 March 2025.

___________________________
Thomas Barrett
Director

Page 1

 
GRADEWELL CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Gradewell Construction limited is a private company limited by shares incorporated in England and Wales. The registered office is 73 Field Lane, Brentford, TW8 8NA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing agreement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 4).

Page 2

 
GRADEWELL CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Debtors

2024
2023
£
£


Trade debtors
267,521
266,786

Amounts owed by related undertakings
741,207
726,871

Other debtors
23,278
30,224

1,032,006
1,023,881


The amounts owed by related undertakings are unsecured, interest free and repayable on demand.


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
60
990

Bank loans
10,648
10,648

Trade creditors
166,260
158,570

Corporation tax
80,867
78,213

Other taxation and social security
22,202
6,801

Other creditors
192
174

Accruals
56,697
84,370

336,926
339,766



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,186
20,188

10,186
20,188


Page 3

 
GRADEWELL CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1


8.


Profit and loss reserves

2024
2023
£
£



Profit and loss account brought forward at the beginning of the year
760,092
712,554

Movement in the profit and loss account
(14,526)
47,538

745,566
760,092


9.


Related party transactions

The company is related to Gradewell Plant & Haulage Limited by viture of being under common control.
During the year, the company entered into the following transactions with related undertakings:
Hire of labour payable by Gradewell Plant & Haulage Limited £695,650 (2023 - £605,276).
Hire of plant and machinery payable to Gradewell Plant & Haulage Limited £130,579 (2023 - £141,957).
At the balance sheet date, the following amounts were owed by the related undertakings:
Gradewell Plant & Haulage Limited £741,207 (2023 - £726,871).


10.


Post balance sheet events

There were no events since the year end which materially affected the company.


11.


Controlling party

Thomas Barrett owns 100% of the issued share capital of the company and is therefore the ultimate controller of the company.

 
Page 4