Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-312024-02-01false1Supply and installation of construction services1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03283997 2024-02-01 2025-01-31 03283997 2023-02-01 2024-01-31 03283997 2025-01-31 03283997 2024-01-31 03283997 2023-02-01 03283997 c:Director1 2024-02-01 2025-01-31 03283997 d:PlantMachinery 2024-02-01 2025-01-31 03283997 d:PlantMachinery 2025-01-31 03283997 d:PlantMachinery 2024-01-31 03283997 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 03283997 d:MotorVehicles 2024-02-01 2025-01-31 03283997 d:MotorVehicles 2025-01-31 03283997 d:MotorVehicles 2024-01-31 03283997 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 03283997 d:OfficeEquipment 2024-02-01 2025-01-31 03283997 d:OfficeEquipment 2025-01-31 03283997 d:OfficeEquipment 2024-01-31 03283997 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 03283997 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 03283997 d:CurrentFinancialInstruments 2025-01-31 03283997 d:CurrentFinancialInstruments 2024-01-31 03283997 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 03283997 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 03283997 d:ShareCapital 2025-01-31 03283997 d:ShareCapital 2024-01-31 03283997 d:RetainedEarningsAccumulatedLosses 2025-01-31 03283997 d:RetainedEarningsAccumulatedLosses 2024-01-31 03283997 d:AcceleratedTaxDepreciationDeferredTax 2025-01-31 03283997 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 03283997 c:FRS102 2024-02-01 2025-01-31 03283997 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 03283997 c:FullAccounts 2024-02-01 2025-01-31 03283997 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03283997 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Registered number: 03283997










GRIDFIX LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

 
GRIDFIX LIMITED
REGISTERED NUMBER: 03283997

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,746
4,508

Current assets
  

Debtors: amounts falling due within one year
 5 
13,742
614

Cash at bank and in hand
  
5,697
19,589

  
19,439
20,203

Creditors: amounts falling due within one year
 6 
(9,857)
(4,235)

Net current assets
  
 
 
9,582
 
 
15,968

Total assets less current liabilities
  
12,328
20,476

Provisions for liabilities
  

Deferred tax
 7 
(522)
(1,127)

Net assets
  
11,806
19,349


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
11,804
19,347

  
11,806
19,349


Page 1

 
GRIDFIX LIMITED
REGISTERED NUMBER: 03283997
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

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 statement of income and retained earnings 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 3 June 2025.




K Wraith
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GRIDFIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Gridfix Limited is a private company limited by shares, incorporated in England and Wales (registered number: 03283997). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA. The principal activity throughout the year continued to be that of supply and installation of construction services.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
GRIDFIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings. 

Page 4

 
GRIDFIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade receivables and payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.



3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 5

 
GRIDFIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2024
7,054
17,975
10,403
35,432



At 31 January 2025

7,054
17,975
10,403
35,432



Depreciation


At 1 February 2024
6,646
14,420
9,858
30,924


Charge for the year on owned assets
394
889
479
1,762



At 31 January 2025

7,040
15,309
10,337
32,686



Net book value



At 31 January 2025
14
2,666
66
2,746



At 31 January 2024
408
3,555
545
4,508


5.


Debtors

2025
2024
£
£


Trade debtors
13,328
372

Prepayments
414
242

13,742
614


Page 6

 
GRIDFIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

6.


Creditors: Amounts falling due within one year

As restated
2025
2024
£
£

Trade creditors
3,792
145

Corporation tax
2,613
1,700

Other taxation and social security
1,403
1,024

Other creditors
4
-

Accruals
2,045
1,366

9,857
4,235



7.


Deferred taxation




2025
2024


£

£






At beginning of year
1,127
1,583


Charged to Statement of Income and Retained Earnings
(605)
(456)



At end of year
522
1,127

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
522
1,127

 
Page 7