Company Registration No. 2842512 (England and Wales)
Grommets Limited
Unaudited accounts
for the year ended 31 August 2025
Grommets Limited
Unaudited accounts
Contents
Grommets Limited
Company Information
for the year ended 31 August 2025
Directors
Joanne Boorsma
Mark Boorsma
Company Number
2842512 (England and Wales)
Registered Office
Unit 2
Hollands Lane
Henfield
West Sussex
BN5 9QY
Accountants
Keymer Haslam & Co
4/6 Church Road
Burgess Hill
West Sussex
RH15 9AE
Grommets Limited
Statement of financial position
as at 31 August 2025
Tangible assets
39,353
1,024,974
Inventories
146,711
178,732
Cash at bank and in hand
309,660
351,131
Creditors: amounts falling due within one year
(123,701)
(174,360)
Net current assets
798,895
452,304
Total assets less current liabilities
838,248
1,477,278
Creditors: amounts falling due after more than one year
-
(638,525)
Provisions for liabilities
Deferred tax
(6,746)
(16,019)
Net assets
831,502
822,734
Called up share capital
37,221
37,221
Share premium
12,779
12,779
Profit and loss account
781,502
772,734
Shareholders' funds
831,502
822,734
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.
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 31 December 2025 and were signed on its behalf by
Joanne Boorsma
Director
Company Registration No. 2842512
Grommets Limited
Notes to the Accounts
for the year ended 31 August 2025
Grommets Limited is a private company, limited by shares, registered in England and Wales, registration number 2842512. The registered office is Unit 2, Hollands Lane, Henfield, West Sussex, BN5 9QY.
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:
Land & buildings
5% Straight Line
Plant & machinery
20%/33.33% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Grommets Limited
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2024
1,052,583
193,062
81,824
11,330
1,338,799
Disposals
(1,052,583)
-
-
-
(1,052,583)
At 31 August 2025
-
193,062
81,824
11,330
286,216
At 1 September 2024
91,715
142,684
68,096
11,330
313,825
Charge for the year
-
11,026
13,727
-
24,753
On disposals
(91,715)
-
-
-
(91,715)
At 31 August 2025
-
153,710
81,823
11,330
246,863
At 31 August 2025
-
39,352
1
-
39,353
At 31 August 2024
960,868
50,378
13,728
-
1,024,974
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
362,622
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
70,458
Obligations under finance leases and hire purchase contracts
-
7,889
Trade creditors
26,087
34,962
Taxes and social security
32,195
32,306
Other creditors
7,128
8,045
7
Creditors: amounts falling due after more than one year
2025
2024
Grommets Limited
Notes to the Accounts
for the year ended 31 August 2025
Allotted, called up and fully paid:
37,221 Ordinary shares of £1 each
37,221
37,221
9
Transactions with related parties
During the financial yar, the company entered into a transaction with a related party within the same corporate group.
On 31 August 2025 the company transferred a fixed asset (Unit 2, Grommets house, Hollands Lane) to its parent company, JM Boz Holdings Ltd, for consideration of £1,000,000. The transaction was conducted as part of the groups internal reorganisation.
JM Boz Holdings Ltd is the parent company of Grommets Ltd and owns 100% of its share capital, this makes this transaction a related party transaction for financial reporting purposes.
The transaction was carried out on an arms length basis and the consideration represented a fair market value which was provided by an independent valuer. The consideration was settled through an intercompany loan account.
At 31 August the balance of this intercompany loan was £362,622 (Property valuation of £1,000.000 less mortgage balances associated with the property) and this balance is unsecured, interest-free and is repayable on demand.
10
Average number of employees
During the year the average number of employees was 14 (2024: 14).