REGISTERED NUMBER: 03496538 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GRIME REAPER PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Walkey

REGISTERED OFFICE:

Common Lane

Industrial Estate

Kenilworth

Warwickshire

CV8 2EL

REGISTERED NUMBER:

03496538 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Intangible assets

4

153

-

Tangible assets

5

3,775

4,084

3,928

4,084

CURRENT ASSETS

Stocks

9,850

21,037

Debtors

6

130,224

103,989

Cash at bank

9,901

11,944

149,975

136,970

CREDITORS

Amounts falling due within one year

7

144,582

138,652

NET CURRENT ASSETS/(LIABILITIES)

5,393

(1,682

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,321

2,402

CREDITORS

Amounts falling due after more than one year

8

332

2,333

NET ASSETS

8,989

69

CAPITAL AND RESERVES

Called up and paid share capital

1,000

1,000

Retained earnings

7,989

(931

)

SHAREHOLDERS' FUNDS

8,989

69

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2025 and were signed by:

M Walkey - Director

1.	STATUTORY INFORMATION

Grime Reaper Products 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Short leasehold

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

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

Current tax is recognised at the amount of tax payable using the tax rates and laws that 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Trade

licences

mark

Totals

£

£

£

COST

At 1 April 2024

120,214

-

120,214

Additions

-

170

170

At 31 March 2025

120,214

170

120,384

AMORTISATION

At 1 April 2024

120,214

-

120,214

Amortisation for year

-

17

17

At 31 March 2025

120,214

17

120,231

NET BOOK VALUE

At 31 March 2025

-

153

153

At 31 March 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

11,830

141,228

22,518

Additions

-

-

949

At 31 March 2025

11,830

141,228

23,467

DEPRECIATION

At 1 April 2024

11,100

139,309

21,450

Charge for year

182

480

504

At 31 March 2025

11,282

139,789

21,954

NET BOOK VALUE

At 31 March 2025

548

1,439

1,513

At 31 March 2024

730

1,919

1,068

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

11,753

18,866

206,195

Additions

-

-

949

At 31 March 2025

11,753

18,866

207,144

DEPRECIATION

At 1 April 2024

11,480

18,772

202,111

Charge for year

68

24

1,258

At 31 March 2025

11,548

18,796

203,369

NET BOOK VALUE

At 31 March 2025

205

70

3,775

At 31 March 2024

273

94

4,084

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

37,277

37,255

Amounts owed by group undertakings

63,354

-

Amounts owed by participating interests

-

55,915

Other debtors

10,415

-

Rent deposit

9,500

9,500

Prepayments and accrued income

9,678

1,319

130,224

103,989

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,000

12,260

Trade creditors

27,259

34,336

Tax

22,084

12,843

Social security and other taxes

2,369

2,101

VAT

14,341

8,627

Other creditors

2,434

320

Accruals and deferred income

74,095

68,165

144,582

138,652

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

332

2,333