Company registration number: 08878937
Annual report and unaudited financial statements
for the year ended 30 April 2026
for
GRT Sussex Limited
Pages for filing with the Registrar
Company registration number: 08878937
GRT Sussex Limited
Balance sheet
as at 30 April 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 1,442 3,209
1,442 3,209
Current assets
Stocks 237,519 1,548,419
Debtors 129,536 1,336
Cash at bank and in hand 475,310 17,204
842,365 1,566,959
Creditors: amounts falling due within one
year 		(12,612) (646,459)
Net current assets 829,753 920,500
Total assets less current liabilities 831,195 923,709
Creditors: Amounts falling due after more
than one year 		- (6,706)
Provisions for liabilities (274) (610)
NET ASSETS 830,921 916,393
Capital and reserves
Called up share capital 2 2
Profit and loss account 830,919 916,391
TOTAL EQUITY 830,921 916,393
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2026.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08878937
GRT Sussex Limited
Balance sheet - continued
as at 30 April 2026
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 May 2026 and signed on its behalf by:
Mrs F Thorpe, Director Mr G Thorpe, Director
31 May 2026 31 May 2026
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GRT Sussex Limited
Notes to the financial statements
for the year ended 30 April 2026
1 Company information
GRT Sussex Limited is a private company registered in England and Wales. Its registered number is 08878937. The company is limited by shares. Its registered office is 11 Atte Lane, Warfield, Bracknell, Berkshire, RG42 2QG.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & Fittings - 25% straight line
Motor Vehicle - 25% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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GRT Sussex Limited
Notes to the financial statements - continued
for the year ended 30 April 2026
2 Accounting policies - continued
Financial instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 6 (2025 - 6).
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GRT Sussex Limited
Notes to the financial statements - continued
for the year ended 30 April 2026
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 May 2025 42,922
At 30 April 2026 42,922
Depreciation
At 1 May 2025 39,713
Charge for year 1,767
At 30 April 2026 41,480
Net book value
At 30 April 2026 1,442
At 30 April 2025 3,209
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 30 April 2026 and 30 April 2025.
2026 2025
£ £
G R Thorpe & F L Thorpe
Balance outstanding at start of year 99,000 -
Amounts repaid (99,000) -
Balance outstanding at end of year - -
During the previous financial year the Mr & Mrs Thorpe advanced an unsecured loan of £99,000 to the company, directors and shareholders of the company. Loan interest will be charged at the on the rate of 3.75% per annum on redemption and the loan has no fixed date for repayment.
The amount due outstanding at the year end was £Nil (2025-£99,000).The amount is shown at the year end and included in current assets.
The company paid £3,255 (2025-£2,941) in respect of interest due on the above loan during the year.
6 Related party transactions
Mr & Mrs Thorpe who are the only directors and 100% shareholders of the company charged the company £40,000 (2025-£48,000) in respect of the car showroom that the business operated from. This rental ceased on 31st January 2026.
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