| Registered Number:05435396 |
For the year ended 30 April 2025
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2025
GROTECH LTD
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
GROTECH LTD
Statement of Financial Position
2024
2025
578
3,978
2
| Property, plant and equipment |
24,516
25,981
3
70,497
68,568
4
93,662
100,456
332,480
346,500
5
| Trade and other receivables |
340,557
369,547
6
129,550
| Cash and cash equivalents |
846
716,893
802,587
| Trade and other payables: amounts falling due within one |
| year |
(167,270)
(163,065)
7
635,317
553,828
Net current assets
| Total assets less current liabilities |
647,490
735,773
(4,656)
(5,631)
| Provisions for liabilities |
642,834
Net assets
730,142
100
100
642,734
730,042
642,834
730,142
Shareholders' funds
| For the year ended 30 April 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 of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 28 April 2026 and were signed by: |
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For the year ended 30 April 2025
GROTECH LTD
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 6
For the year ended 30 April 2025
GROTECH LTD
Notes to the Financial Statements
Statutory Information
| GROTECH LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 05435396. |
597 Ashingdon Road
Rochford
Essex
SSF 3JF
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 30 April 2025
GROTECH LTD
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
68,000
68,000
64,022
3,400
Charge for year
67,422
578
3,978
| 3. Property, plant and equipment |
Motor vehicles
118,807
51,341
28,318
39,148
3,180
-
-
3,180
42,328
28,318
51,341
121,987
| Provision for depreciation and impairment |
92,826
39,453
25,605
27,768
Charge for year
4,645
1,783
678
2,184
97,471
41,236
26,283
29,952
12,376
2,035
10,105
24,516
11,380
2,713
11,888
25,981
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For the year ended 30 April 2025
GROTECH LTD
Notes to the Financial Statements Continued
| 4. Investments held as fixed assets |
| Loans to Group and participating interests |
70,497
70,497
86
86
(2,015)
(2,015)
68,568
68,568
68,568
68,568
70,497
70,497
The unlisted investment relates to property held for long term development.
2024
2025
346,500
332,480
| 6. Trade and other receivables |
2024
2025
74,063
77,674
| Taxation and social security |
-
7,317
295,484
255,566
340,557
369,547
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For the year ended 30 April 2025
GROTECH LTD
Notes to the Financial Statements Continued
| 7. Trade and other payables: amounts falling due within one year |
2024
2025
21,456
22,491
| Taxation and social security |
137,248
142,218
| Accruals and deferred income |
4,070
2,270
291
291
163,065
167,270
| 8. Related party transactions |
| The company is jointly controlled by the Directors who hold 100% of the voting rights of the company in equal |
| proportions. |
| 9. Directors advances and guarantees |
Loaned
Repaid
Sean Graham
| Director Loan Advance interest free |
121,676
101,717
54,959
35,000
121,676
101,717
54,959
35,000
Grace Storey
| Director Loan Advance - interest free |
121,676
101,716
54,960
35,000
121,676
101,716
54,960
35,000
| 10. Average number of persons employed |
During the year the average number of employees was 2 (2024 : 3)
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