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Registered Number: 05344640
England and Wales

 

 

 

GROSVENOR MAXWELL LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

GROSVENOR MAXWELL LIMITED
Contents Page
For the year ended 31 December 2024
Director David Maxwell Lalley
Registered Number 05344640
Registered Office MONMOUTH BUSINESS CENTRE
6 AGINCOURT STREET
MONMOUTH
NP25 3DZ
Accountants Child & Child Accountants Ltd
49 Somerset Street
Abertillery
NP13 1DL
Secretary Robert Neil Mounter
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2024
Principal activities
The companys principal activity during the year continued to be that of recruitment and human resource supplier.
Director
The director who served the company throughout the year was as follows:
David Maxwell Lalley
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
David Maxwell Lalley
Director

Date approved: 26 September 2025
2
Accountants report
You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Child & Child Accountants Ltd
49 Somerset Street
Abertillery
NP13 1DL
26 September 2025
3
 
 		 Notes
 		 2024
£		   2023
£
Turnover 626,505    460,523 
Cost of sales (264,699)   (146,205)
Gross profit 361,806    314,318 
Administrative expenses (341,252)   (328,989)
Operating profit/(loss) 20,554    (14,671)
Interest payable and similar charges (16,808)   (14,835)
Profit/(Loss) on ordinary activities before taxation 3,746    (29,506)
Tax on profit on ordinary activities 1,116    2,125 
Profit/(Loss) for the financial year 4,862    (27,381)
 
4
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 4 867    1,575 
867    1,575 
Current assets      
Debtors 5 57,675    67,592 
Cash at bank and in hand (29,308)   (16,709)
28,367    50,883 
Creditors: amount falling due within one year 6 (65,783)   (93,776)
Net current assets (37,416)   (42,893)
 
Total assets less current liabilities (36,549)   (41,318)
Provisions for liabilities 7 27    (66)
Net assets (36,522)   (41,384)
 

Capital and reserves 		     
Called up share capital 1,079    1,079 
Profit and loss account (37,601)   (42,463)
Shareholders' funds (36,522)   (41,384)
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 26 September 2025 and were signed by:


-------------------------------
David Maxwell Lalley
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2023 1,079  (15,082) (14,003)
Profit for the year (27,381) (27,381)
Total comprehensive income for the year -  (27,381) (27,381)
Total investments by and distributions to owners -  -  - 
At 31 December 2023 1,079  (42,463) (41,384)
At 01 January 2024 1,079  (42,463) (41,384)
Profit for the year 4,862  4,862 
Total comprehensive income for the year -  4,862  4,862 
Total investments by and distributions to owners -  -  - 
At 31 December 2024 1,079  (37,601) (36,522)
6
General Information
GROSVENOR MAXWELL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05344640, registration address MONMOUTH BUSINESS CENTRE, 6 AGINCOURT STREET, MONMOUTH, NP25 3DZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 5 Years Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 4).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2024 8,000    8,000 
Additions -    - 
Disposals -    - 
At 31 December 2024 8,000    8,000 
Amortisation
At 01 January 2024 8,000    8,000 
Charge for year -    - 
On disposals -    - 
At 31 December 2024 8,000    8,000 
Net book values
At 31 December 2024 -    - 
At 31 December 2023 -    - 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 January 2024 4,563    4,563 
Additions -    - 
Disposals -    - 
At 31 December 2024 4,563    4,563 
Depreciation
At 01 January 2024 2,988    2,988 
Charge for year 708    708 
On disposals -    - 
At 31 December 2024 3,696    3,696 
Net book values
Closing balance as at 31 December 2024 867    867 
Opening balance as at 01 January 2024 1,575    1,575 


5.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 55,236    60,205 
Other Debtors 1,432    6,387 
Staff Loans 1,000    1,000 
Directors' Current Accounts 7    - 
57,675    67,592 

6.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 2,609    3,127 
Bank Loans 30,362    37,656 
Corporation Tax -    121 
PAYE & Social Security 15,956    32,277 
Accruals 520    501 
Other Creditors 2,115    - 
Pension Creditor 756    923 
Directors' Current Accounts -    1,692 
VAT 13,465    17,479 
65,783    93,776 

7.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax (27)   66 
(27)   66 

7