Grimwood and Sons (Ipswich) Ltd 31/03/2026 iXBRL

Company registration number: 11849023

Grimwood and Sons (Ipswich) Ltd

Unaudited filleted financial statements

31 March 2026

Grimwood and Sons (Ipswich) Ltd

Contents

Directors and other information

Accountant's report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Grimwood and Sons (Ipswich) Ltd

Directors and other information


	Directors	Mr Stephen Grimwood
		Mr Gary Grimwood
		Mr Tony Grimwood


	Company number	11849023


	Registered office	52 Belstead Avenue
		Ipswich
		Suffolk
		IP2 8NR


	Business address	52 Belstead Avenue
		Ipswich
		Suffolk
		IP2 8NR


	Accountant	Simon Emmerson MAAT AATQB
		Deeks and King
		14 Dunlop Road
		Hadleigh Road Industrial Estate
		Ipswich, Suffolk
		IP2 0UG




	Bankers	Barclays Bank
		1 Princes Street
		Ipswich

Grimwood and Sons (Ipswich) Ltd

Accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Grimwood and Sons (Ipswich) Ltd

Year ended 31 March 2026

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2026 which comprise the statement of financial position, statement of changes in equity and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

Simon Emmerson MAAT AATQB

Deeks and King

14 Dunlop Road

Hadleigh Road Industrial Estate

Ipswich, Suffolk

IP2 0UG

13 May 2026

Grimwood and Sons (Ipswich) Ltd

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,130		3,817
		_______		_______
			3,130		3,817

Current assets
Debtors	6	21,684		41,615
Cash at bank and in hand		23,312		9,089
		_______		_______
		44,996		50,704
Creditors: amounts falling due
within one year	7	( 47,838)		( 45,100)
		_______		_______
Net current (liabilities)/assets			( 2,842)		5,604
			_______		_______
Total assets less current liabilities			288		9,421

			_______		_______
Net assets			288		9,421
			_______		_______

Capital and reserves
Called up share capital			102		102
Profit and loss account			186		9,319
			_______		_______
Shareholders funds			288		9,421
			_______		_______

For the year ending 31 March 2026 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 year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

Mr Stephen Grimwood

Director

Company registration number: 11849023

Grimwood and Sons (Ipswich) Ltd

Statement of changes in equity

Year ended 31 March 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2024	102	26,305	26,407

Profit for the year		90,614	90,614
	_______	_______	_______
Total comprehensive income for the year	-	90,614	90,614

Dividends paid and payable		( 107,600)	( 107,600)
	_______	_______	_______
Total investments by and distributions to owners	-	( 107,600)	( 107,600)

	_______	_______	_______
At 31 March 2025 and 1 April 2025	102	9,320	9,422

Profit for the year		90,639	90,639
	_______	_______	_______
Total comprehensive income for the year	-	90,639	90,639

Dividends paid and payable		( 99,773)	( 99,773)
	_______	_______	_______
Total investments by and distributions to owners	-	( 99,773)	( 99,773)

	_______	_______	_______
At 31 March 2026	102	186	288
	_______	_______	_______

Grimwood and Sons (Ipswich) Ltd

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 52 Belstead Avenue, Ipswich, Suffolk, IP2 8NR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2025: 10 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	308	5,916	6,224
	_______	_______	_______
Depreciation
At 1 April 2025	213	2,194	2,407
Charge for the year	17	670	687
	_______	_______	_______
At 31 March 2026	230	2,864	3,094
	_______	_______	_______
Carrying amount
At 31 March 2026	78	3,052	3,130
	_______	_______	_______
At 31 March 2025	95	3,722	3,817
	_______	_______	_______

6. Debtors

	2026	2025
	£	£
Trade debtors	21,682	41,613
Other debtors	2	2
	_______	_______
	21,684	41,615
	_______	_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	27,826	26,646
Social security and other taxes	15,992	14,939
Other creditors	4,020	3,515
	_______	_______
	47,838	45,100
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr Stephen Grimwood	( 52)	( 15)	( 67)
	Mr Gary Grimwood	1	-	1
	Mr Tony Grimwood	1	-	1
		_______	_______	_______
		( 50)	( 15)	( 65)
		_______	_______	_______

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr Stephen Grimwood	( 12)	( 40)	( 52)
	Mr Gary Grimwood	1	-	1
	Mr Tony Grimwood	1	-	1
		_______	_______	_______
		( 10)	( 40)	( 50)
		_______	_______	_______