Company registration number:
07353865
Grangeprint.com Limited
Trading as
Grangeprint.com Limited
Unaudited abridged financial statements
30 September 2024
Grangeprint.com Limited
Contents
Directors and other information
Directors report
Abridged income statement
Abridged statement of financial position
Notes to the financial statements
Grangeprint.com Limited
Directors and other information
|
|
|
|
Directors |
Mr Paul Evans |
|
|
Miss Emily Grainger |
|
|
|
|
|
|
|
Company number |
07353865 |
|
|
|
|
|
|
|
Registered office |
Unit 2, The Ice House |
|
|
Bolero Square |
|
|
Nottingham |
|
|
NG1 1LY |
|
|
|
|
|
|
|
Business address |
Unit 2, The Ice House |
|
|
Bolero Square |
|
|
Nottingham |
|
|
NG1 1LY |
|
|
|
Grangeprint.com Limited
Directors report
Year ended 30 September 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2024.
Directors
The directors who served the company during the year were as follows:
|
|
Mr Paul Evans |
|
Miss Emily Grainger |
|
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
03 June 2025
and signed on behalf of the board by:
Mr Paul Evans
Director
Grangeprint.com Limited
Abridged income statement
Year ended 30 September 2024
|
|
|
|
2024 |
2023 |
|
|
|
|
Note |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
|
|
320,867 |
351,612 |
|
|
|
|
|
|
|
|
|
|
|
Administrative expenses |
|
|
|
(
315,320) |
(
373,277) |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
Operating profit/(loss) |
|
|
|
5,547 |
(
21,665) |
|
|
|
|
|
|
|
|
|
|
|
Other interest receivable and similar income |
|
|
|
173 |
(
3,645) |
|
|
|
Interest payable and similar expenses |
|
|
|
(
3,133) |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
Profit/(loss) before taxation |
|
5 |
|
2,587 |
(
25,310) |
|
|
|
|
|
|
|
|
|
|
|
Tax on profit/(loss) |
|
|
|
- |
1,244 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
Profit/(loss) for the financial year |
|
|
|
2,587 |
(
24,066) |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
All the activities of the company are from continuing operations.
Grangeprint.com Limited
Abridged statement of financial position
30 September 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
- |
|
|
|
- |
|
|
|
Tangible assets |
|
6 |
121,433 |
|
|
|
102,927 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
121,433 |
|
|
|
102,927 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Stocks |
|
|
5,611 |
|
|
|
3,338 |
|
|
|
Debtors |
|
|
38,175 |
|
|
|
53,677 |
|
|
|
Cash at bank and in hand |
|
|
7,828 |
|
|
|
9,949 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
51,614 |
|
|
|
66,964 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
|
(
117,134) |
|
|
|
(
139,379) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current liabilities |
|
|
|
|
(
65,520) |
|
|
|
(
72,415) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
55,913 |
|
|
|
30,512 |
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
after more than one year |
|
|
|
|
(
73,474) |
|
|
|
(
47,211) |
|
Accruals and deferred income |
|
|
|
|
(
1,516) |
|
|
|
(
4,965) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net liabilities |
|
|
|
|
(
19,077) |
|
|
|
(
21,664) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
|
Profit and loss account |
|
|
|
|
(
19,177) |
|
|
|
(
21,764) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholders deficit |
|
|
|
|
(
19,077) |
|
|
|
(
21,664) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The members agreed to the preparation of abridged accounts.
These financial statements were approved by the
board of directors
and authorised for issue on
03 June 2025
, and are signed on behalf of the board by:
Mr Paul Evans
Director
Company registration number:
07353865
Grangeprint.com Limited
Notes to the financial statements
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Grangeprint.com Limited, Unit 2, The Ice House, Bolero Square, Nottingham, NG1 1LY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the amount of current tax recognised in the reporting period. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date
.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
15 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
20 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2023:
9
).
5.
Profit/loss before taxation
Profit/loss before taxation is stated after charging/(crediting):
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
16,473 |
17,349 |
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
6.
Tangible assets
|
|
|
|
|
|
|
|
|
|
|
£ |
|
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 October 2023 |
204,917 |
|
|
|
|
|
|
|
Additions |
35,361 |
|
|
|
|
|
|
|
Disposals |
(
916) |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 30 September 2024 |
239,362 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 October 2023 |
101,990 |
|
|
|
|
|
|
|
Charge for the year |
16,473 |
|
|
|
|
|
|
|
Disposals |
(
534) |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 30 September 2024 |
117,929 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 September 2024 |
121,433 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 30 September 2023 |
102,927 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
| Not later than 1 year |
693 |
13,773 |
| Later than 1 year and not later than 5 years |
- |
693 |
|
_______ |
_______ |
|
693 |
14,466 |
|
_______ |
_______ |
|
|
|
8.
Charge on assets
The company's bankers have a fixed and floating charge over all the assets of the company dated 13 April 2018.
9.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Amounts repaid |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr Paul Evans |
(
2,519) |
291 |
(
2,228) |
|
|
|
|
Miss Emily Grainger |
(
39,111) |
7,800 |
(
31,311) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
(
41,630) |
8,091 |
(
33,539) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Amounts repaid |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr Paul Evans |
(
7,489) |
4,970 |
(
2,519) |
|
|
|
|
Miss Emily Grainger |
(
42,932) |
3,821 |
(
39,111) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
(
50,421) |
8,791 |
(
41,630) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
10.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value |
|
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
|
|
Rent |
39,942 |
30,416 |
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
The Company operate from a long leasehold property owned by both directors and leased from them. The directors borrowed money from the company's bankers in a personal capacity to acquire the property. As part of the arrangement, the bankers required the company to grant a guarantee of the borrowings, which stood at £204,057 at 30 September 2024 (£214,137 at 30 September 2023).