J L Grange Solutions Limited 31/12/2022 iXBRL

J L Grange Solutions Limited 31/12/2022 iXBRL

J L GRANGE SOLUTIONS LIMITED - Company Information

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0 31/12/2022 2022-12-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09922190 2022-01-01 2022-12-31 09922190 2022-12-31 09922190 2021-12-31 09922190 bus:RegisteredOffice 2022-01-01 2022-12-31 09922190 bus:LeadAgentIfApplicable 2022-01-01 2022-12-31 09922190 bus:Director1 2022-01-01 2022-12-31 09922190 core:WithinOneYear 2022-12-31 09922190 core:WithinOneYear 2021-12-31 09922190 core:ShareCapital 2022-12-31 09922190 core:ShareCapital 2021-12-31 09922190 core:RetainedEarningsAccumulatedLosses 2022-12-31 09922190 core:RetainedEarningsAccumulatedLosses 2021-12-31 09922190 bus:Director1 2021-12-31 09922190 bus:Director1 2022-12-31 09922190 bus:Director1 2020-12-31 09922190 bus:Director1 2021-12-31 09922190 bus:Director1 2021-01-01 2021-12-31 09922190 bus:SmallEntities 2022-01-01 2022-12-31 09922190 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 09922190 bus:FullAccounts 2022-01-01 2022-12-31 09922190 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 09922190 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
Company registration number: 09922190
J L Grange Solutions Limited
Unaudited filleted financial statements
31 December 2022
J L Grange Solutions Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
J L Grange Solutions Limited
Directors and other information
Director Mr A P Sargent
Company number 09922190
Registered office 45/49 Greek Street
Stockport
Cheshire
SK3 8AX
Accountants Downham Morris & Co
45/49 Greek Street
Stockport
Cheshire
SK3 8AX
J L Grange Solutions Limited
Chartered certified accountants report to the director on the preparation of the
unaudited statutory financial statements of J L Grange Solutions Limited
Year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J L Grange Solutions Limited for the year ended 31 December 2022 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of J L Grange Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of J L Grange Solutions Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/ technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J L Grange Solutions Limited and its director as a body for our work or for this report.
It is your duty to ensure that J L Grange Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J L Grange Solutions Limited. You consider that J L Grange Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of J L Grange Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Downham Morris & Co
Chartered Certified Accountants
45/49 Greek Street
Stockport
Cheshire
SK3 8AX
18 September 2023
J L Grange Solutions Limited
Statement of financial position
31 December 2022
2022 2021
Note £ £ £ £
Current assets
Debtors 4 65 671
Cash at bank and in hand 199 199
_______ _______
264 870
Creditors: amounts falling due
within one year 5 ( 744) ( 1,080)
_______ _______
Net current liabilities ( 480) ( 210)
_______ _______
Total assets less current liabilities ( 480) ( 210)
_______ _______
Net liabilities ( 480) ( 210)
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 482) ( 212)
_______ _______
Shareholders deficit ( 480) ( 210)
_______ _______
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges 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 18 September 2023 , and are signed on behalf of the board by:
.........................
Mr A P Sargent
Director
Company registration number: 09922190
J L Grange Solutions Limited
Notes to the financial statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45/49 Greek Street, Stockport, Cheshire, SK3 8AX.
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
2022 2021
£ £
Other debtors 65 671
_______ _______
5. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 270 780
Other creditors 474 300
_______ _______
744 1,080
_______ _______
6. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr A P Sargent 606 - ( 780) ( 174)
_______ _______ _______ _______
2021
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr A P Sargent 1,579 606 ( 1,579) 606
_______ _______ _______ _______
No interest is charged on loans to directors and loans are repayable on demand.
7. Related party transactions
No dividends were paid by the company in the year (2021: £nil).
8. Controlling party
The company was under the control of its director during the year by virtue of his shareholding.