8 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 07353865 2023-10-01 2024-09-30 07353865 2024-09-30 07353865 2023-09-30 07353865 2022-10-01 2023-09-30 07353865 2023-09-30 07353865 2022-09-30 07353865 core:PlantMachinery 2023-10-01 2024-09-30 07353865 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 07353865 bus:RegisteredOffice 2023-10-01 2024-09-30 07353865 bus:Director1 2023-10-01 2024-09-30 07353865 bus:Director2 2023-10-01 2024-09-30 07353865 core:WithinOneYear 2024-09-30 07353865 core:WithinOneYear 2023-09-30 07353865 core:AfterOneYear 2024-09-30 07353865 core:AfterOneYear 2023-09-30 07353865 core:ShareCapital 2024-09-30 07353865 core:ShareCapital 2023-09-30 07353865 core:RetainedEarningsAccumulatedLosses 2024-09-30 07353865 core:RetainedEarningsAccumulatedLosses 2023-09-30 07353865 core:BetweenOneFiveYears 2023-09-30 07353865 bus:Director1 2023-09-30 07353865 bus:Director1 2024-09-30 07353865 bus:Director2 2023-09-30 07353865 bus:Director2 2024-09-30 07353865 bus:Director1 2022-09-30 07353865 bus:Director1 2023-09-30 07353865 bus:Director2 2022-09-30 07353865 bus:Director2 2023-09-30 07353865 bus:Director1 2022-10-01 2023-09-30 07353865 bus:Director2 2022-10-01 2023-09-30 07353865 bus:SmallEntities 2023-10-01 2024-09-30 07353865 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07353865 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07353865 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07353865 bus:AbridgedAccounts 2023-10-01 2024-09-30 07353865 core:KeyManagementPersonnel core:RentalExpenseTransactions 2023-10-01 2024-09-30 07353865 core:KeyManagementPersonnel core:RentalExpenseTransactions 2022-10-01 2023-09-30
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).