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Registration number: 11061080


Grubchen Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Grubchen Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Grubchen Limited

Company Information

Directors

Mrs J E Hodge

Mr P Hodge

Registered office

C/O Howsons
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

Accountants

Howsons
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

Grubchen Limited

(Registration number: 11061080)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

52,816

65,145

Tangible assets

5

31,985

46,771

 

84,801

111,916

Current assets

 

Debtors

6

20,765

48,303

Cash at bank and in hand

 

6,958

17,533

 

27,723

65,836

Creditors: Amounts falling due within one year

7

(50,108)

(33,260)

Net current (liabilities)/assets

 

(22,385)

32,576

Total assets less current liabilities

 

62,416

144,492

Creditors: Amounts falling due after more than one year

7

(30,751)

(40,585)

Net assets

 

31,665

103,907

Capital and reserves

 

Called up share capital

150

150

Retained earnings

31,515

103,757

Shareholders' funds

 

31,665

103,907

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Grubchen Limited

(Registration number: 11061080)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 

.........................................
Mrs J E Hodge
Director

.........................................
Mr P Hodge
Director

 

Grubchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C/O Howsons
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Grubchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Asset class

Amortisation method and rate

Website development costs

10% straight line

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Grubchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Intangible Assets
 £

Total
£

Cost or valuation

At 1 October 2023

123,285

123,285

At 30 September 2024

123,285

123,285

Amortisation

At 1 October 2023

58,140

58,140

Amortisation charge

12,329

12,329

At 30 September 2024

70,469

70,469

Carrying amount

At 30 September 2024

52,816

52,816

At 30 September 2023

65,145

65,145

5

Tangible assets

Motor vehicles
 £

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

71,874

2,058

73,932

At 30 September 2024

71,874

2,058

73,932

Depreciation

At 1 October 2023

26,354

806

27,160

Charge for the year

14,375

412

14,787

At 30 September 2024

40,729

1,218

41,947

Carrying amount

At 30 September 2024

31,145

840

31,985

At 30 September 2023

45,520

1,251

46,771

 

Grubchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

-

-

Other debtors

 

4,016

27,656

Prepayments

 

999

2,639

Accrued income

 

15,750

11,130

Income tax asset

-

6,878

 

20,765

48,303

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9,834

9,834

Trade creditors

 

457

451

Taxation and social security

 

10,465

7,140

Other creditors

 

2,577

15,835

Directors' loan account

 

26,775

-

 

50,108

33,260

Due after one year

 

Loans and borrowings

30,751

40,585

8

Going Concern

The accounts have been prepared on a going concern basis. The company is supported by the directors.