Registration number: 11085581

Gridlines Group Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Gridlines Group Ltd

Company Information

Directors

D J Leitch K J Whitelaw-Jones

Registered office

3rd Floor 82 King Street Manchester M2 4WQ

Accountants

Burton Sweet Limited Chartered Accountants & Business Advisors Cooper House Lower Charlton Estate Shepton Mallett Somerset BA4 5QE

Gridlines Group Ltd

(Registration number: 11085581)
Balance Sheet
31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	7,477	5,764
Current assets
Debtors	5	1,691,519	1,373,779
Cash at bank and in hand		118,591	107,001
		1,810,110	1,480,780
Creditors: Amounts falling due within one year	6	(1,023,412)	(862,051)
Net current assets		786,698	618,729
Total assets less current liabilities		794,175	624,493
Creditors: Amounts falling due after more than one year	6	-	(177,222)
Net assets		794,175	447,271
Capital and reserves
Called up share capital		100	100
Retained earnings		794,075	447,171
Shareholders' funds		794,175	447,271

Gridlines Group Ltd

(Registration number: 11085581)
Balance Sheet
31 December 2024

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 September 2025 and signed on its behalf by:
 

......................................... D J Leitch Director

Gridlines Group Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3rd Floor
82 King Street
Manchester
M2 4WQ
UK

These financial statements were authorised for issue by the Board on 24 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Gridlines Group Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax and is is recognised in the profit or loss account.

The current corporation 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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Offcie and computer equipment	25% on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business and are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Gridlines Group Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 9).

Gridlines Group Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 January 2024	11,963	11,963
Additions	4,088	4,088
At 31 December 2024	16,051	16,051
Depreciation
At 1 January 2024	6,199	6,199
Charge for the year	2,375	2,375
At 31 December 2024	8,574	8,574
Carrying amount
At 31 December 2024	7,477	7,477
At 31 December 2023	5,764	5,764

5

Debtors

	2024 £	2023 £
Trade debtors	1,290,237	1,008,716
Amounts owed by related parties	156,039	48,433
Other debtors	102,614	66,567
Prepayments	55,727	121,150
Accrued income	86,902	128,913
	1,691,519	1,373,779

Gridlines Group Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	7	214,242	48,334
Trade creditors		202,846	219,344
Taxation and social security		239,486	260,377
Accruals and deferred income		247,257	168,082
Other creditors		119,581	165,914
		1,023,412	862,051

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	-	177,222

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	-	177,222

Current loans and borrowings

	2024 £	2023 £
Bank overdrafts	37,020	-
Other borrowings	177,222	48,334
	214,242	48,334

Bank borrowings

Gridlines Group Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Bank loan is denominated in with a nominal interest rate of %, and the final instalment is due on . The carrying amount at year end is £Nil (2023 - £225,555). The bank loan is a fixed and floating charge over the assets of the company.