Company Registration No. 10048489 (England and Wales)
Gridline Partitions Ltd
Unaudited accounts
for the year ended 31 March 2025
Gridline Partitions Ltd
Unaudited accounts
Contents
Gridline Partitions Ltd
Company Information
for the year ended 31 March 2025
Company Number
10048489 (England and Wales)
Registered Office
30 Sporhams
Basildon
Essex
SS16 5TT
England
Accountants
CalCo Accounting Ltd
30 Sporhams
Basildon
Essex
SS16 5TT
Gridline Partitions Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
23,583
18,492
Cash at bank and in hand
122,791
277,542
Creditors: amounts falling due within one year
(289,553)
(473,456)
Net current assets
504,662
365,199
Total assets less current liabilities
528,245
383,691
Creditors: amounts falling due after more than one year
(13,010)
(16,603)
Net assets
515,235
367,088
Called up share capital
200
200
Profit and loss account
515,035
366,888
Shareholders' funds
515,235
367,088
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 29 October 2025 and were signed on its behalf by
Tony Pritchard
Director
Company Registration No. 10048489
Gridline Partitions Ltd
Notes to the Accounts
for the year ended 31 March 2025
Gridline Partitions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10048489. The registered office is 30 Sporhams, Basildon, Essex, SS16 5TT, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Gridline Partitions Ltd
Notes to the Accounts
for the year ended 31 March 2025
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Tangible fixed assets
Total
At the year end a balance of £163,894 (2024 - £9,375) was owed from Mr. T Pritchard to the company. This balance was repaid within 9 months of the year end.
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).