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Company No: 03963433 (England and Wales)

# GRUNWALD LIMITED

### Unaudited Financial Statements
For the financial year ended 31 October 2025
Pages for filing with the registrar

GRUNWALD LIMITED

## Unaudited Financial Statements

For the financial year ended 31 October 2025

Contents

GRUNWALD LIMITED

## COMPANY INFORMATION

For the financial year ended 31 October 2025
GRUNWALD LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 October 2025

DIRECTORS | Catherine Causebrook
| James Nicholas Causebrook
| Samantha Laurin Smith

REGISTERED OFFICE | 18 Northgate
| Sleaford
| Lincolnshire
| NG34 7BJ
| United Kingdom

BUSINESS ADDRESS | Blankney Grange Unit 1
| Longwood Lane
| Blankney
| Lincoln
| England
| LN4 3BD

COMPANY NUMBER | 03963433 (England and Wales)

ACCOUNTANT | Duncan & Toplis Limited
| 18 Northgate
| Sleaford
| Lincolnshire
| NG34 7BJ

GRUNWALD LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 October 2025
GRUNWALD LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 17,352 |  | 16,030
|  | 17,352 |  | 16,030
Current assets |  |  |  |
Stocks | 4 | 118,697 |  | 68,640
Debtors | 5 | 665,734 |  | 572,253
Cash at bank and in hand |  | 586,709 |  | 102,813
|  | 1,371,140 |  | 743,706
Creditors: amounts falling due within one year | 6 | ( 1,295,648) |  | ( 596,687)
Net current assets |  | 75,492 |  | 147,019
Total assets less current liabilities |  | 92,844 |  | 163,049
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 6,107)
Provision for liabilities |  | ( 3,996) |  | ( 3,457)
Net assets |  | 88,848 |  | 153,485
Capital and reserves |  |  |  |
Called-up share capital | 8 | 27 |  | 27
Profit and loss account |  | 88,821 |  | 153,458
Total shareholders' funds |  | 88,848 |  | 153,485

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Grunwald Limited (registered number: 03963433) were approved and authorised for issue by the Board of Directors on 20 February 2026. They were signed on its behalf by:

James Nicholas Causebrook Director |

GRUNWALD LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025
GRUNWALD LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Grunwald Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Northgate, Sleaford, Lincolnshire, NG34 7BJ, United Kingdom. The principal place of business is Blankney Grange Unit 1, Longwood Lane, Blankney, Lincoln, England, LN4 3BD.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
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 financial statements. 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 carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery etc. | 10 - 25 % reducing balance

##### Leases

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

##### Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 15 |  | 15

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 November 2024 | 2,498 |  | 54,597 |  | 57,095
Additions | 0 |  | 6,829 |  | 6,829
At 31 October 2025 | 2,498 |  | 61,426 |  | 63,924
Accumulated depreciation |  |  |  |  |
At 01 November 2024 | 859 |  | 40,206 |  | 41,065
Charge for the financial year | 164 |  | 5,343 |  | 5,507
At 31 October 2025 | 1,023 |  | 45,549 |  | 46,572
Net book value |  |  |  |  |
At 31 October 2025 | 1,475 |  | 15,877 |  | 17,352
At 31 October 2024 | 1,639 |  | 14,391 |  | 16,030

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 118,697 |  | 68,640

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 374,965 |  | 287,496
Amounts owed by related parties | 110,664 |  | 91,816
Other debtors | 180,105 |  | 192,941
| 665,734 |  | 572,253

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 6,134 |  | 10,355
Trade creditors | 618,276 |  | 172,334
Taxation and social security | 228,186 |  | 151,686
Other creditors | 443,052 |  | 262,312
| 1,295,648 |  | 596,687

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 6,107

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
90 A ordinary shares of £ 0.20 each | 18 |  | 18
20 B ordinary shares of £ 0.20 each | 4 |  | 4
10 C ordinary shares of £ 0.20 each | 2 |  | 2
13 D ordinary shares of £ 0.20 each | 3 |  | 3
| 27 |  | 27

#### 9. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2025 |  | 2024
| £ |  | £
Grunwald Engineering Services Limited | 18,189 |  | 6,441

Grunwald Engineering Services Limited is the parent company.
The inter-company account is unsecured, interest free and repayable on demand.

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Balances outstanding at start of year | 176,064 |  | 143,418
Amounts advanced | 220,832 |  | 176,887
Amounts repaid | (221,500) |  | (144,241)
Balance outstanding at the end of year | 175,396 |  | 176,064

Individual balances owed from the Directors are J N Causebrook £57,599 (2024: £61,842), Mrs C Causebrook £54,958 (2024: £57,984) and Mrs S L Smith £62,839 (2024: £56,238).
Interest on overdrawn directors current accounts is charged at the official rate. Loans made to the directors are unsecured and repayable on demand.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Causebrook Smith Limited | 92,475 |  | 85,375

Causebrook Smith Limited is a company under common ownership.
The inter-company account is unsecured, interest free and repayable on demand.