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REGISTERED NUMBER: 11640550 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Grange Electrical Systems Limited

Grange Electrical Systems Limited (Registered number: 11640550)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grange Electrical Systems Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: E C Grange
P W Smith





REGISTERED OFFICE: Unit B1 Marches Trade Park
Brunel Road
Leominster
Herefordshire
HR6 0LX





REGISTERED NUMBER: 11640550 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

Grange Electrical Systems Limited (Registered number: 11640550)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 115,571 120,126

CURRENT ASSETS
Stocks 82,400 112,872
Debtors 5 193,401 100,564
Cash at bank and in hand 81,465 111,819
357,266 325,255
CREDITORS
Amounts falling due within one year 6 279,375 317,597
NET CURRENT ASSETS 77,891 7,658
TOTAL ASSETS LESS CURRENT LIABILITIES 193,462 127,784

CREDITORS
Amounts falling due after more than one
year

7

(54,058

)

(7,916

)

PROVISIONS FOR LIABILITIES (28,893 ) (22,824 )
NET ASSETS 110,511 97,044

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 110,411 96,944
110,511 97,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Grange Electrical Systems Limited (Registered number: 11640550)

Balance Sheet - continued
31 October 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 24 April 2025 and were signed on its behalf by:





E C Grange - Director


Grange Electrical Systems Limited (Registered number: 11640550)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Grange Electrical Systems 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Grange Electrical Systems Limited (Registered number: 11640550)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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 14 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 5,085 172,635 4,545 182,265
Additions - 29,825 3,626 33,451
Disposals - (13,600 ) - (13,600 )
At 31 October 2024 5,085 188,860 8,171 202,116
DEPRECIATION
At 1 November 2023 1,017 59,428 1,694 62,139
Charge for year 814 26,866 1,622 29,302
Eliminated on disposal - (4,896 ) - (4,896 )
At 31 October 2024 1,831 81,398 3,316 86,545
NET BOOK VALUE
At 31 October 2024 3,254 107,462 4,855 115,571
At 31 October 2023 4,068 113,207 2,851 120,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 123,244 76,910
Other debtors 70,157 23,654
193,401 100,564

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,982 5,000
Trade creditors 86,297 82,748
Taxation and social security 28,652 21,460
Other creditors 130,444 208,389
279,375 317,597

Grange Electrical Systems Limited (Registered number: 11640550)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 54,058 7,916

8. RELATED PARTY DISCLOSURES

The company paid rent to the director for use of premises of £13,500 (2023 - £13,500)