Registered number
01302085
Grainge and Hodder Limited
Filleted Accounts
31 March 2025
Grainge and Hodder Limited
Registered number: 01302085
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 24,412 24,869
Current assets
Stocks 9,097 9,356
Debtors 4 33,629 34,852
Cash at bank and in hand 33,674 30,248
76,400 74,456
Creditors: amounts falling due within one year 5 (46,225) (49,570)
Net current assets 30,175 24,886
Total assets less current liabilities 54,587 49,755
Creditors: amounts falling due after more than one year 6 (22,014) (26,514)
Provisions for liabilities (4,638) (4,752)
Net assets 27,935 18,489
Capital and reserves
Called up share capital 2,500 2,500
Profit and loss account 25,435 15,989
Shareholders' funds 27,935 18,489
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Allen Law
Director
Approved by the board on 27 May 2025
Grainge and Hodder Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 3 years
Plant and machinery etc over 10 years
Fixtures, fittings, tools and equipment over 8 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Short Leashold Plant and machinery etc Fixtures and Fitting Total
£ £ £ £
Cost
At 1 April 2024 5,000 221,775 3,755 230,530
Additions - 5,900 - 5,900
At 31 March 2025 5,000 227,675 3,755 236,430
Depreciation
At 1 April 2024 2,950 201,275 1,436 205,661
Charge for the year 2,050 4,017 290 6,357
At 31 March 2025 5,000 205,292 1,726 212,018
Net book value
At 31 March 2025 - 22,383 2,029 24,412
At 31 March 2024 2,050 20,500 2,319 24,869
4 Debtors 2025 2024
£ £
Trade debtors 32,071 33,032
Other debtors 1,558 1,820
33,629 34,852
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 5,736 5,736
Trade creditors 25,346 29,214
Other taxes and social security costs 11,418 7,342
Other creditors 3,725 7,278
46,225 49,570
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 22,014 26,514
7 Other information
Grainge and Hodder Limited is a private company limited by shares and incorporated in England. Its registered office is:
8-9 Borough Court
Grammar School Lane
Halesowen
West Midlands
B63 3SW
8-9 Borough Court
Grammar School Lane
Halesowen
West Midlands B63 3SW
Grainge and Hodder Limited 01302085 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Allen Law No description of principal activity 01302085 2023-04-01 2024-03-31 01302085 core:WithinOneYear 2024-03-31 01302085 core:AfterOneYear 2024-03-31 01302085 core:ShareCapital 2024-03-31 01302085 core:RetainedEarningsAccumulatedLosses 2024-03-31 01302085 2024-04-01 2025-03-31 01302085 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01302085 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01302085 bus:Director40 2024-04-01 2025-03-31 01302085 1 2024-04-01 2025-03-31 01302085 2 2024-04-01 2025-03-31 01302085 core:LandBuildings 2024-04-01 2025-03-31 01302085 core:PlantMachinery 2024-04-01 2025-03-31 01302085 core:Vehicles 2024-04-01 2025-03-31 01302085 countries:England 2024-04-01 2025-03-31 01302085 bus:FRS102 2024-04-01 2025-03-31 01302085 bus:FilletedAccounts 2024-04-01 2025-03-31 01302085 2025-03-31 01302085 core:WithinOneYear 2025-03-31 01302085 core:AfterOneYear 2025-03-31 01302085 core:ShareCapital 2025-03-31 01302085 core:RetainedEarningsAccumulatedLosses 2025-03-31 01302085 core:LandBuildings 2025-03-31 01302085 core:PlantMachinery 2025-03-31 01302085 core:Vehicles 2025-03-31 01302085 2024-03-31 01302085 core:LandBuildings 2024-03-31 01302085 core:PlantMachinery 2024-03-31 01302085 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure