REGISTERED NUMBER: 07466789 (England and Wales)

GRASS MOVEMENT SYSTEMS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Shoebridge

Mr H W Nabal

Mr H M Kainrad

SECRETARY:

Mr D Shoebridge

REGISTERED OFFICE:

Doranda Way

West Bromwich

West Midlands

B71 4LU

REGISTERED NUMBER:

07466789 (England and Wales)

AUDITORS:

Wallace Crooke

Chartered Accountants

& Registered Auditors

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

FIXED ASSETS

Tangible assets

4

19,643

28,459

CURRENT ASSETS

Stocks

298,140

174,242

Debtors

5

292,958

170,336

Cash at bank

126,537

10,073

717,635

354,651

CREDITORS

Amounts falling due within one year

6

557,132

259,189

NET CURRENT ASSETS

160,503

95,462

TOTAL ASSETS LESS CURRENT LIABILITIES

180,146

123,921

CAPITAL AND RESERVES

Called up share capital

8

500,000

500,000

Retained earnings

(319,854

)

(376,079

)

SHAREHOLDERS' FUNDS

180,146

123,921

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 31 January 2025 and were signed on its behalf by:

Mr H W Nabal - Director

1.	STATUTORY INFORMATION

Grass Movement Systems Ltd 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the Adolf Wuerth GmbH & Co. KG group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when all the following conditions are satisfied:

- the company has transferred to the buyer the significant risks and rewards of ownership of the goods;

- 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 economic benefits associated with the transaction will flow to the entity; and

- the costs incurred or to be incurred in respect of the transaction can be measured

reliably.

Revenue is recognised on despatch, which marks the point when the risks and rewards of ownership are transferred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

in accordance with the property

Plant and machinery

-

25% on cost and 20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using Weighted Average Cost methodology.

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.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

31,201

60,032

19,374

110,607

Additions

-

694

-

694

At 31 December 2024

31,201

60,726

19,374

111,301

DEPRECIATION

At 1 January 2024

31,201

31,573

19,374

82,148

Charge for year

-

9,510

-

9,510

At 31 December 2024

31,201

41,083

19,374

91,658

NET BOOK VALUE

At 31 December 2024

-

19,643

-

19,643

At 31 December 2023

-

28,459

-

28,459

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

92,951

109,968

Amounts owed by group undertakings

191,135

53,159

Other debtors

8,872

7,209

292,958

170,336

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

40,509

42,191

Trade creditors

8,648

4,007

Amounts owed to group undertakings

374,578

130,426

Taxation and social security

67,348

36,568

Other creditors

66,049

45,997

557,132

259,189

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

28,316

49,657

Between one and five years

7,058

35,374

35,374

85,031

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

500,000

Ordinary

£1

500,000

500,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Jones FCA (Senior Statutory Auditor)

for and on behalf of Wallace Crooke

10.	ULTIMATE CONTROLLING PARTY

The ultimate holding company is Adolf Wuerth GmbH & Co. KG, a company incorporated in Germany.