Grummant (Heating & Plumbing Services) L - Accounts to registrar (filleted) - small 18.2
Grummant (Heating & Plumbing Services) L - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JANUARY 2021 |
| FOR |
| GRUMMANT (HEATING & PLUMBING SERVICES) |
| LIMITED |
| GRUMMANT (HEATING & PLUMBING SERVICES) |
| LIMITED (REGISTERED NUMBER: 01679067) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JANUARY 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| GRUMMANT (HEATING & PLUMBING SERVICES) |
| LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JANUARY 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 2 The Links |
| HERNE BAY |
| Kent |
| CT6 7GQ |
| GRUMMANT (HEATING & PLUMBING SERVICES) |
| LIMITED (REGISTERED NUMBER: 01679067) |
| BALANCE SHEET |
| 30 JANUARY 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Revaluation reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| GRUMMANT (HEATING & PLUMBING SERVICES) |
| LIMITED (REGISTERED NUMBER: 01679067) |
| BALANCE SHEET - continued |
| 30 JANUARY 2021 |
| 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 |
| GRUMMANT (HEATING & PLUMBING SERVICES) |
| LIMITED (REGISTERED NUMBER: 01679067) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JANUARY 2021 |
| 1. | STATUTORY INFORMATION |
| Grummant (Heating & Plumbing Services) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of 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 |
| Freehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| GRUMMANT (HEATING & PLUMBING SERVICES) |
| LIMITED (REGISTERED NUMBER: 01679067) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JANUARY 2021 |
| 3. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 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. |
| Going concern |
| Whilst Covid-19 resulted in disruption to the business from an operational perspective in terms of access to sites and materials resulting in about 2 months of lost revenue, new contracts have been secured that see enough work in the pipeline for the future 12 months, which alongside the directors commitment to the business will mean the business can meet obligations as they fall due. The accounts are therefore prepared on a going concern basis. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold | Long | Plant and |
| property | leasehold | machinery |
| £ | £ | £ |
| COST |
| At 31 January 2020 |
| Additions |
| At 30 January 2021 |
| DEPRECIATION |
| At 31 January 2020 |
| Charge for year |
| At 30 January 2021 |
| NET BOOK VALUE |
| At 30 January 2021 |
| At 30 January 2020 |
| GRUMMANT (HEATING & PLUMBING SERVICES) |
| LIMITED (REGISTERED NUMBER: 01679067) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JANUARY 2021 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 31 January 2020 |
| Additions |
| At 30 January 2021 |
| DEPRECIATION |
| At 31 January 2020 |
| Charge for year |
| At 30 January 2021 |
| NET BOOK VALUE |
| At 30 January 2021 |
| At 30 January 2020 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 31 January 2020 |
| and 30 January 2021 |
| DEPRECIATION |
| At 31 January 2020 |
| Charge for year |
| At 30 January 2021 |
| NET BOOK VALUE |
| At 30 January 2021 |
| At 30 January 2020 |
| 6. | DEBTORS |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| GRUMMANT (HEATING & PLUMBING SERVICES) |
| LIMITED (REGISTERED NUMBER: 01679067) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JANUARY 2021 |
| 6. | DEBTORS - continued |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due after more than one year: |
| Amounts recoverable on contract |
| Other debtors |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Hire purchase contracts |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary 'A' | £1 | 36,000 | 36,000 |
| Ordinary 'B' | £1 | 2,000 | 2,000 |
| Ordinary 'C' | £1 | 2,000 | 2,000 |
| Ordinary 'D' | £1 | 100 | - |
| 40,100 | 40,000 |
| The following shares were issued during the year for cash at par : |
| 100 Ordinary 'D' shares of £1 |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 31 January 2020 |
| Revaluation reserve transfer | (1,709 | ) |
| At 30 January 2021 |
| GRUMMANT (HEATING & PLUMBING SERVICES) |
| LIMITED (REGISTERED NUMBER: 01679067) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JANUARY 2021 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 January 2021 and 30 January 2020: |
| 2021 | 2020 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |