Company Registration No. 07371294 (England and Wales)
Granger Flooring Limited
Unaudited accounts
for the year ended 31 March 2025
Granger Flooring Limited
Unaudited accounts
Contents
Granger Flooring Limited
Company Information
for the year ended 31 March 2025
Directors
W Granger
C Granger
Company Number
07371294 (England and Wales)
Registered Office
91 LAVINGTON ROAD
WORTHING
WEST SUSSEX
BN14 7SH
Granger Flooring Limited
Statement of financial position
as at 31 March 2025
Tangible assets
14,504
22,040
Cash at bank and in hand
98,437
24,538
Creditors: amounts falling due within one year
(102,930)
(50,659)
Net current assets
79,546
31,478
Total assets less current liabilities
94,050
53,518
Creditors: amounts falling due after more than one year
(8,473)
(13,945)
Provisions for liabilities
Deferred tax
(4,200)
(4,200)
Called up share capital
20
20
Profit and loss account
81,357
35,353
Shareholders' funds
81,377
35,373
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by
W Granger
Director
Company Registration No. 07371294
Granger Flooring Limited
Notes to the Accounts
for the year ended 31 March 2025
Granger Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 07371294. The registered office is 91 LAVINGTON ROAD, WORTHING, WEST SUSSEX, BN14 7SH.
These financial statements comply with Financial Reporting Standard 102 Section 1A.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
Goodwill is amortised on a straight line basis over its estimated useful economic life of 5 years.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
25% per annum straight line.
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.
Deferred tax has been provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes except that a deferred tax asset is only recognised to the extent that it is recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the
timing differences are expected to reverse.
3
Intangible fixed assets
Goodwill
Granger Flooring Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
76,902
54,131
Accrued income and prepayments
874
771
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,280
5,703
Obligations under finance leases and hire purchase contracts
6,366
6,366
Trade creditors
29,802
22,274
Taxes and social security
54,658
13,204
Other creditors
3,824
3,033
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
8,473
13,945
8
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
70,500
94,500
Granger Flooring Limited
Notes to the Accounts
for the year ended 31 March 2025
9
Transactions with related parties
The following transactions with directors and shareholders have not been conducted under normal market conditions:
Director loans totalling £3,609 (2024: £NIL) were repaid before these accounts were signed.
10
Average number of employees
During the year the average number of employees was 2 (2024: 1).