REGISTERED NUMBER: 04409802 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WORMSTORE LIMITED

TRADING AS

G'GRABS HIRE YORK

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R H Elstone

Mrs J E Elstone

REGISTERED OFFICE:

The Worm Barn

Sykes Lane

Tollerton

York

YO61 1RE

REGISTERED NUMBER:

04409802 (England and Wales)

ACCOUNTANTS:

CGA

Chartered Certified Accountants

3 & 4 Park Court

Riccall Road

Escrick

York

North Yorkshire

YO19 6ED

FIXED ASSETS

Tangible assets

4

75,895

68,454

CURRENT ASSETS

Stocks

1,300

1,300

Debtors

5

53,443

46,306

Cash at bank

50,074

71,703

104,817

119,309

CREDITORS

Amounts falling due within one year

6

79,407

84,679

NET CURRENT ASSETS

25,410

34,630

TOTAL ASSETS LESS CURRENT LIABILITIES

101,305

103,084

PROVISIONS FOR LIABILITIES

9,622

7,825

NET ASSETS

91,683

95,259

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

91,681

95,257

SHAREHOLDERS' FUNDS

91,683

95,259

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 5th December 2025 and were signed on its behalf by:

R H Elstone - Director

Mrs J E Elstone - Director

1.	STATUTORY INFORMATION

Wormstore 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 and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Income is recognised when the services have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets

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

Freehold property

-

4% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

71,488

61,606

23,000

916

157,010

Additions

-

25,000

-

2,083

27,083

Disposals

-

-

(23,000

)

-

(23,000

)

At 31st March 2025

71,488

86,606

-

2,999

161,093

DEPRECIATION

At 1st April 2024

26,483

43,615

17,542

916

88,556

Charge for year

2,860

10,630

-

694

14,184

Eliminated on disposal

-

-

(17,542

)

-

(17,542

)

At 31st March 2025

29,343

54,245

-

1,610

85,198

NET BOOK VALUE

At 31st March 2025

42,145

32,361

-

1,389

75,895

At 31st March 2024

45,005

17,991

5,458

-

68,454

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,123

43,746

Other debtors

23,320

2,560

53,443

46,306

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,246

7,983

Taxation and social security

240

5,522

Other creditors

73,921

71,174

79,407

84,679

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £70,035 (2024 - £69,952) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.