REGISTERED NUMBER: 04006997 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2025

for

Grade Line (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Stavropoulos

L Stavropoulos

S Stavropoulos

SECRETARY:

J Stavropoulos

REGISTERED OFFICE:

C/O Ocg Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Billingham

Co. Durham

TS23 4EA

REGISTERED NUMBER:

04006997 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

FIXED ASSETS

Intangible assets

3

299,985

374,908

Tangible assets

4

17,485

21,936

317,470

396,844

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

5

620,783

833,546

Cash at bank

14,470

18,482

637,253

854,028

CREDITORS

Amounts falling due within one year

6

(289,289

)

(367,207

)

NET CURRENT ASSETS

347,964

486,821

TOTAL ASSETS LESS CURRENT LIABILITIES

665,434

883,665

CREDITORS

Amounts falling due after more than one year

7

(23,833

)

(74,393

)

PROVISIONS FOR LIABILITIES

(2,871

)

(3,617

)

NET ASSETS

638,730

805,655

CAPITAL AND RESERVES

Called up share capital

476,623

476,623

Retained earnings

162,107

329,032

638,730

805,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th November 2025 and were signed on its behalf by:

J Stavropoulos - Director

1.	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 historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS

Intangiblefixedassets(includingpurchasedgoodwill)areamortisedatratescalculatedtowriteofftheassets onastraightlinebasisovertheirestimatedusefuleconomiclives. Impairmentofintangibleassetsisonlyreviewedwherecircumstancesindicatethatthecarryingvalueofan assetmaynotbefullyrecoverable.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 TAX

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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 17 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2024

and 30th April 2025

1,022,523

AMORTISATION

At 1st May 2024

647,615

Amortisation for year

74,923

At 30th April 2025

722,538

NET BOOK VALUE

At 30th April 2025

299,985

At 30th April 2024

374,908

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st May 2024

24,520

80,172

104,692

Additions

-

2,739

2,739

At 30th April 2025

24,520

82,911

107,431

DEPRECIATION

At 1st May 2024

22,813

59,943

82,756

Charge for year

342

6,848

7,190

At 30th April 2025

23,155

66,791

89,946

NET BOOK VALUE

At 30th April 2025

1,365

16,120

17,485

At 30th April 2024

1,707

20,229

21,936

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,461

122,989

Other debtors

615,153

667,460

Tax

169

43,097

620,783

833,546

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,036

8,925

Trade creditors

9,509

33,414

Amounts owed to group undertakings

48,644

-

Net wages

-

28,430

Social security and other taxes

-

12,316

VAT

12,440

40,127

Other creditors

165,734

206,299

Directors' current accounts

47,226

33,996

Accrued expenses

3,700

3,700

289,289

367,207

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

23,833

45,833

Bank Loan

-

26,524

Hire purchase contracts

-

2,036

23,833

74,393

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

23,833

45,833

Bank Loan

-

26,524

23,833

72,357