REGISTERED NUMBER: 09178390 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

GRIMES OF CLEVELEYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H G Ellis

REGISTERED OFFICE:

60 Victoria Road West

Thornton Cleveleys

Lancashire

FY5 1AG

REGISTERED NUMBER:

09178390 (England and Wales)

ACCOUNTANTS:

Xeinadin

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

61,230

44,370

61,230

44,370

CURRENT ASSETS

Stocks

5,890

3,560

Debtors

6

46,525

8,241

Cash at bank and in hand

176,441

141,297

228,856

153,098

CREDITORS

Amounts falling due within one year

7

(65,470

)

(72,428

)

NET CURRENT ASSETS

163,386

80,670

TOTAL ASSETS LESS CURRENT LIABILITIES

224,616

125,040

CREDITORS

Amounts falling due after more than one year

8

(1,103

)

(2,857

)

PROVISIONS FOR LIABILITIES

(14,739

)

(11,092

)

NET ASSETS

208,774

111,091

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

208,674

110,991

SHAREHOLDERS' FUNDS

208,774

111,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 19 November 2025 and were signed by:

Mr H G Ellis - Director

1.	STATUTORY INFORMATION

Grimes of Cleveleys Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

105,000

AMORTISATION

At 1 September 2024

and 31 August 2025

105,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

-

90,702

8,999

833

100,534

Additions

2,523

25,073

-

-

27,596

At 31 August 2025

2,523

115,775

8,999

833

128,130

DEPRECIATION

At 1 September 2024

-

47,009

8,322

833

56,164

Charge for year

252

10,315

169

-

10,736

At 31 August 2025

252

57,324

8,491

833

66,900

NET BOOK VALUE

At 31 August 2025

2,271

58,451

508

-

61,230

At 31 August 2024

-

43,693

677

-

44,370

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

73

433

Other debtors

1,078

1,703

Directors' current accounts

26,693

-

VAT

6,753

4,362

Prepayments

11,928

1,743

46,525

8,241

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,690

9,580

Tax

40,762

39,035

Social security and other taxes

1,854

1,211

Other creditors

7,321

11,649

Directors' current accounts

-

4,897

Accruals and deferred income

6,843

6,056

65,470

72,428

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,103

2,857

9.	OTHER FINANCIAL COMMITMENTS

The company had operating lease commitments, at 31 August 2025 of £412,482 (2024 - £nil).

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

Mr H G Ellis

Balance outstanding at start of year

-

-

Amounts advanced

26,693

5,593

Amounts repaid

-

(5,593

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,693

-

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2024 - £40,250) were paid to the director .