Company Registration No. 01539010 (England and Wales)
Graingate Limited
Unaudited accounts
for the year ended 31 August 2025
Graingate Limited
Unaudited accounts
Contents
Graingate Limited
Statement of financial position
as at 31 August 2025
Tangible assets
524,042
546,845
Cash at bank and in hand
123,151
156,475
Creditors: amounts falling due within one year
(141,444)
(155,735)
Net current assets
107,728
180,811
Total assets less current liabilities
631,770
727,656
Provisions for liabilities
Deferred tax
(29,376)
(35,483)
Net assets
602,394
692,173
Called up share capital
10,000
10,000
Profit and loss account
592,394
682,173
Shareholders' funds
602,394
692,173
For the year ending 31 August 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.
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 of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by
Nigel Christopher Green
Director
Company Registration No. 01539010
Graingate Limited
Notes to the Accounts
for the year ended 31 August 2025
Graingate Limited is a private company, limited by shares, registered in England and Wales, registration number 01539010. The registered office is Unit 2, Lockwood Close, Top Valley, Nottingham, Nottinghamshire, NG5 9JN, England.
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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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance basis.
Motor vehicles
25% on reducing balance basis.
Fixtures & fittings
15% on reducing balance basis.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Graingate Limited
Notes to the Accounts
for the year ended 31 August 2025
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Tangible fixed assets
Total
At 1 September 2024
959,067
At 1 September 2024
412,222
Charge for the year
24,754
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
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Average number of employees
During the year the average number of employees was 10 (2024: 10).