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Company Registration No. 10717230 (England and Wales)
The Grid Iron Company Ltd Unaudited accounts for the year ended 30 April 2024
The Grid Iron Company Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
The Grid Iron Company Ltd Company Information for the year ended 30 April 2024
Director
Mr I Smith
Company Number
10717230 (England and Wales)
Registered Office
c/o Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton BD23 3SE
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
- 3 -
The Grid Iron Company Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
12,358 
27,949 
Current assets
Debtors
5
37,178 
42,781 
Cash at bank and in hand
8,904 
9,685 
46,082 
52,466 
Creditors: amounts falling due within one year
6
(107,195)
(83,076)
Net current liabilities
(61,113)
(30,610)
Total assets less current liabilities
(48,755)
(2,661)
Creditors: amounts falling due after more than one year
7
(37,004)
(48,787)
Net liabilities
(85,759)
(51,448)
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
(85,860)
(51,549)
Shareholders' funds
(85,759)
(51,448)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 September 2025 and were signed on its behalf by
Mr I Smith Director Company Registration No. 10717230
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The Grid Iron Company Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
The Grid Iron Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 10717230. The registered office is c/o Pearson & Associates, Suite E, Canal Wharf, Eshton Road, Gargrave, Skipton, BD23 3SE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
1,525 
47,967 
8,955 
1,999 
60,446 
Disposals
- 
(21,500)
- 
- 
(21,500)
At 30 April 2024
1,525 
26,467 
8,955 
1,999 
38,946 
Depreciation
At 1 May 2023
895 
25,071 
4,696 
1,835 
32,497 
Charge for the year
158 
4,272 
1,065 
164 
5,659 
On disposals
- 
(11,568)
- 
- 
(11,568)
At 30 April 2024
1,053 
17,775 
5,761 
1,999 
26,588 
Net book value
At 30 April 2024
472 
8,692 
3,194 
- 
12,358 
At 30 April 2023
630 
22,896 
4,259 
164 
27,949 
- 5 -
The Grid Iron Company Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,227 
9,213 
Other debtors
32,951 
33,568 
37,178 
42,781 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,992 
10,350 
Trade creditors
92,698 
72,350 
Taxes and social security
8,273 
6,481 
Other creditors
30,595 
23,689 
Loans from directors
(35,363)
(29,794)
107,195 
83,076 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
37,004 
48,787 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
- 6 -