Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31falsefalse2023-11-01falseNo description of principal activity77trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08249344 2023-11-01 2024-10-31 08249344 2022-11-01 2023-10-31 08249344 2024-10-31 08249344 2023-10-31 08249344 c:Director2 2023-11-01 2024-10-31 08249344 d:PlantMachinery 2023-11-01 2024-10-31 08249344 d:PlantMachinery 2024-10-31 08249344 d:PlantMachinery 2023-10-31 08249344 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08249344 d:MotorVehicles 2023-11-01 2024-10-31 08249344 d:MotorVehicles 2024-10-31 08249344 d:MotorVehicles 2023-10-31 08249344 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08249344 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08249344 d:CurrentFinancialInstruments 2024-10-31 08249344 d:CurrentFinancialInstruments 2023-10-31 08249344 d:Non-currentFinancialInstruments 2024-10-31 08249344 d:Non-currentFinancialInstruments 2023-10-31 08249344 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 08249344 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08249344 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 08249344 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 08249344 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 08249344 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 08249344 d:ShareCapital 2024-10-31 08249344 d:ShareCapital 2023-10-31 08249344 d:RetainedEarningsAccumulatedLosses 2024-10-31 08249344 d:RetainedEarningsAccumulatedLosses 2023-10-31 08249344 c:OrdinaryShareClass1 2023-11-01 2024-10-31 08249344 c:OrdinaryShareClass1 2024-10-31 08249344 c:OrdinaryShareClass1 2023-10-31 08249344 c:FRS102 2023-11-01 2024-10-31 08249344 c:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08249344 c:FullAccounts 2023-11-01 2024-10-31 08249344 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08249344 4 2023-11-01 2024-10-31 08249344 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-10-31 08249344 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-31 08249344 d:LeasedAssetsHeldAsLessee 2024-10-31 08249344 d:LeasedAssetsHeldAsLessee 2023-10-31 08249344 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08249344









GRANITE WORLD LONDON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
GRANITE WORLD LONDON LIMITED
 

CONTENTS



Page
Accountants' Report
 
1
Statement of Financial Position
 
2 - 3
Notes to the Financial Statements
 
4 - 9


 
GRANITE WORLD LONDON LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GRANITE WORLD LONDON LIMITED
FOR THE YEAR ENDED 31 OCTOBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Granite World London Limited for the year ended 31 October 2024 which comprise  the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Granite World London Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Granite World London Limited and state those matters that we have agreed to state to the director of Granite World London Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Granite World London Limited and its director for our work or for this report. 

It is your duty to ensure that Granite World London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Granite World London Limited. You consider that Granite World London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Granite World London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Nyman Libson Paul LLP
124 Finchley Road
London
NW3 5JS
28 July 2025
Page 1

 
GRANITE WORLD LONDON LIMITED
REGISTERED NUMBER: 08249344

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
30,775
29,997

Current assets
  

Debtors: amounts falling due within one year
 5 
8,248
77,779

Cash at bank and in hand
  
58,043
856

  
66,291
78,635

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(121,852)
(154,298)

Net current liabilities
  
 
 
(55,561)
 
 
(75,663)

Creditors: amounts falling due after more than one year
 7 
(6,000)
(14,000)

Net liabilities
  
(30,786)
(59,666)


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
(30,886)
(59,766)

  
(30,786)
(59,666)


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 28 July 2025.




................................................
Z Witynski
Page 2

 
GRANITE WORLD LONDON LIMITED
REGISTERED NUMBER: 08249344
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
GRANITE WORLD LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Granite World London Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is Stanford House Greenford Business Centre, Oldfield Lane North, Station Approach, England, UB6 0AL, which is the principal place of business.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through its bank facilities.
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements,

 
2.3

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:

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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
GRANITE WORLD LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

  
2.5

Functional and presentational currency

The company's functional and presentational currency is GBP. 

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

 
2.10

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.

Page 5

 
GRANITE WORLD LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
5 years 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 profit or loss.

 
2.11

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 6

 
GRANITE WORLD LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost


At 1 November 2023
23,660
118,450
142,110


Additions
-
24,277
24,277


Disposals
-
(70,830)
(70,830)



At 31 October 2024

23,660
71,897
95,557



Depreciation


At 1 November 2023
23,660
88,453
112,113


Charge for the year on owned assets
-
10,531
10,531


Disposals
-
(57,862)
(57,862)



At 31 October 2024

23,660
41,122
64,782



Net book value



At 31 October 2024
-
30,775
30,775



At 31 October 2023
-
29,997
29,997

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
30,775
29,996

30,775
29,996

Page 7

 
GRANITE WORLD LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
7,248
53,166

Other debtors
1,000
24,613

8,248
77,779



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,000
8,000

Trade creditors
30,387
19,078

Other taxation and social security
74,766
73,823

Obligations under finance lease and hire purchase contracts
881
28,156

Other creditors
5,818
18,241

Accruals
2,000
7,000

121,852
154,298



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,000
14,000

6,000
14,000


Page 8

 
GRANITE WORLD LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,000
8,000

Amounts falling due 1-2 years

Bank loans
6,000
14,000

14,000
22,000



9.


Prior year restatement

Due to an asset recognition error, the motor vehicle that was previously classified as a car rental is now recognized as a tangible asset held by the company as of the end of the year. An adjustment of £24,277 was made to correct the amount that was previously expensed.


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £1,867 (2023 - £1,298).
Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the reporting date and are included in creditors.


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary Share Capital share of £100.00
100
100


 
Page 9