|
| Notes to the Accounts |
| for the year ended 31 March 2025 |
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|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
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| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 April 2024 |
1,658,764 |
|
|
At 31 March 2025 |
1,658,764 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
1,211,206 |
|
1,211,206 |
|
|
|
|
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| 5 |
Related party transactions |
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The company has transactions with it's subsidiary KBR (keeping Business Running) Ltd. These include the following |
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|
|
2025 |
|
Loan from subsidiary |
O/s balance |
|
|
|
1,181,206 |
|
Trading transactions |
Total services |
|
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| 6 |
Controlling party |
|
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Mr Gareth Tomlin is the controlling party with 51% of the issued share capital |
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| 7 |
Other information |
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GRT Technology Ltd. is a private company limited by shares and incorporated in England. Its registered office is: |
|
Station House |
|
Station Lane |
|
Birtley |
|
Co. Durham |
|
DH3 1DJ |