C. W. Grain Limited 30/09/2023 iXBRL

C.W. GRAIN LIMITED - Company Information

4 30/09/2023 2023-09-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-10-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 1639433 2022-10-01 2023-09-30 1639433 2023-09-30 1639433 2022-09-30 1639433 2021-10-01 2022-09-30 1639433 2022-09-30 1639433 2021-09-30 1639433 bus:RegisteredOffice 2022-10-01 2023-09-30 1639433 bus:LeadAgentIfApplicable 2022-10-01 2023-09-30 1639433 bus:Director1 2022-10-01 2023-09-30 1639433 bus:CompanySecretary1 2022-10-01 2023-09-30 1639433 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-30 1639433 core:FurnitureFittingsToolsEquipment 2022-09-30 1639433 core:MotorVehicles 2022-09-30 1639433 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 1639433 core:FurnitureFittingsToolsEquipment 2023-09-30 1639433 core:MotorVehicles 2023-09-30 1639433 core:WithinOneYear 2023-09-30 1639433 core:WithinOneYear 2022-09-30 1639433 core:AfterOneYear 2023-09-30 1639433 core:AfterOneYear 2022-09-30 1639433 core:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 1639433 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 1639433 core:UKTax 2022-10-01 2023-09-30 1639433 core:UKTax 2021-10-01 2022-09-30 1639433 bus:AllOrdinaryShares 2022-10-01 2023-09-30 1639433 bus:AllOrdinaryShares 2021-10-01 2022-09-30 1639433 core:ShareCapital 2023-09-30 1639433 core:ShareCapital 2022-09-30 1639433 core:RetainedEarningsAccumulatedLosses 2023-09-30 1639433 core:RetainedEarningsAccumulatedLosses 2022-09-30 1639433 core:ShareCapital 2021-09-30 1639433 core:RetainedEarningsAccumulatedLosses 2021-09-30 1639433 core:DeferredTaxation 2022-10-01 2023-09-30 1639433 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 1639433 core:MotorVehicles 2022-10-01 2023-09-30 1639433 core:AcceleratedTaxDepreciationDeferredTax 2023-09-30 1639433 core:AcceleratedTaxDepreciationDeferredTax 2022-09-30 1639433 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-30 1639433 core:FurnitureFittingsToolsEquipment 2022-09-30 1639433 core:MotorVehicles 2022-09-30 1639433 core:DeferredTaxation 2022-09-30 1639433 core:DeferredTaxation 2023-09-30 1639433 bus:Director1 2022-09-30 1639433 bus:Director1 2023-09-30 1639433 bus:Director1 2021-09-30 1639433 bus:Director1 2022-09-30 1639433 bus:Director1 2021-10-01 2022-09-30 1639433 bus:SmallEntities 2022-10-01 2023-09-30 1639433 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 1639433 bus:FullAccounts 2022-10-01 2023-09-30 1639433 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 1639433 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 1639433 core:AllAssociates 2022-10-01 2023-09-30 1639433 core:AllAssociates 2021-10-01 2022-09-30 1639433 1 2022-10-01 2023-09-30

Company registration number: 1639433

C. W. Grain Limited

Trading as C. W. Grain Limited

Unaudited filleted financial statements

30 September 2023

C. W. Grain Limited

Contents

Directors and other information

Accountant's report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

C. W. Grain Limited

Directors and other information


	Director	C.D. Ashdown


	Secretary	M. Ashdown


	Company number	1639433


	Registered office	104 Noak Hill Road
		Billericay
		Essex
		CM12 9UH


	Business address	104 Noak Hill Road
		Billericay
		Essex
		CM12 9UH


	Accountant	Andrew Murphy
		Sovereign House
		82 West Street
		Rochford
		Essex
		SS4 1AS

C. W. Grain Limited

Chartered accountant's report to the director on the preparation of the

unaudited statutory financial statements of C. W. Grain Limited

Year ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of C. W. Grain Limited for the year ended 30 September 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of C. W. Grain Limited, as a body, in accordance with the terms of my engagement letter dated 18 February 2008. My work has been undertaken solely to prepare for your approval the financial statements of C. W. Grain Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than C. W. Grain Limited and its director as a body for my work or for this report.

It is your duty to ensure that C. W. Grain 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 profit of C. W. Grain Limited. You consider that C. W. Grain Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of C. W. Grain Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Andrew Murphy

Chartered Accountant

Sovereign House

82 West Street

Rochford

Essex

SS4 1AS

15 December 2023

C. W. Grain Limited

Statement of financial position

30 September 2023

		2023		2022
	Note	£	£	£	£

Fixed assets
Tangible assets	7	59,959		83,396
		_______		_______
			59,959		83,396

Current assets
Debtors	8	878,813		1,168,219
Cash at bank and in hand		100,505		68,736
		_______		_______
		979,318		1,236,955
Creditors: amounts falling due
within one year	9	( 836,734)		( 1,059,596)
		_______		_______
Net current assets			142,584		177,359
			_______		_______
Total assets less current liabilities			202,543		260,755

Creditors: amounts falling due
after more than one year	10		( 17,500)		( 27,500)

Provisions for liabilities	11		17,875		12,040

			_______		_______
Net assets			202,918		245,295
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			202,818		245,195
			_______		_______
Shareholders funds			202,918		245,295
			_______		_______

For the year ending 30 September 2023 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 15 December 2023 , and are signed on behalf of the board by:

C.D. Ashdown

Director

Company registration number: 1639433

C. W. Grain Limited

Statement of changes in equity

Year ended 30 September 2023

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


At 1 October 2021	100	271,153	271,253

Profit for the year		96,042	96,042
	_______	_______	_______
Total comprehensive income for the year	-	96,042	96,042

Dividends paid and payable		( 122,000)	( 122,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 122,000)	( 122,000)

	_______	_______	_______
At 30 September 2022 and 1 October 2022	100	245,195	245,295

Profit for the year		52,623	52,623
	_______	_______	_______
Total comprehensive income for the year	-	52,623	52,623

Dividends paid and payable		( 95,000)	( 95,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 95,000)	( 95,000)

	_______	_______	_______
At 30 September 2023	100	202,818	202,918
	_______	_______	_______

C. W. Grain Limited

Notes to the financial statements

Year ended 30 September 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 104 Noak Hill Road, Billericay, Essex, CM12 9UH.

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.

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.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

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 4 (2022: 4 ).

5. Tax on profit

Major components of tax expense

	2023	2022
	£	£
Current tax:
UK current tax expense	26,441	31,958
Adjustments in respect of previous periods	( 134)	( 18)
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 5,835)	( 2,075)
	_______	_______
Tax on profit	20,472	29,865
	_______	_______

	2023	2022
	£	£
Profit before taxation	73,095	125,907
	_______	_______

Adjustments in respect of prior periods	( 134)	( 18)
	_______	_______

6. Dividends

Equity dividends

	2023	2022
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	95,000	122,000
	_______	_______

7. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2022	30,000	17,553	108,080	155,633
Additions	-	3,331	-	3,331
	_______	_______	_______	_______
At 30 September 2023	30,000	20,884	108,080	158,964
	_______	_______	_______	_______
Depreciation
At 1 October 2022	-	7,390	64,848	72,238
Charge for the year	-	5,151	21,616	26,767
	_______	_______	_______	_______
At 30 September 2023	-	12,541	86,464	99,005
	_______	_______	_______	_______
Carrying amount
At 30 September 2023	30,000	8,343	21,616	59,959
	_______	_______	_______	_______
At 30 September 2022	30,000	10,163	43,232	83,395
	_______	_______	_______	_______

8. Debtors

	2023	2022
	£	£
Trade debtors	865,213	1,157,932
Other debtors	13,600	10,287
	_______	_______
	878,813	1,168,219
	_______	_______

9. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	393,484	357,197
Trade creditors	401,552	673,340
Corporation tax	26,635	-
Social security and other taxes	346	360
Other creditors	14,717	28,699
	_______	_______
	836,734	1,059,596
	_______	_______

10. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Bank loans and overdrafts	17,500	27,500
	_______	_______

11. Provisions

	Deferred tax (note 12)	Total
	£	£
At 1 October 2022	( 12,040)	( 12,040)
Transfers	( 5,835)	( 5,835)
	_______	_______
At 30 September 2023	( 17,875)	( 17,875)
	_______	_______

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2023	2022
	£	£
Included in provisions (note 11)	( 17,875)	( 12,040)
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2023	2022
	£	£
Accelerated capital allowances	( 5,835)	( 2,075)
	_______	_______

13. Directors advances, credits and guarantees

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

2023
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	C.D. Ashdown	( 158)	( 54)	( 212)
		_______	_______	_______

2022
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	C.D. Ashdown	( 101)	( 57)	( 158)
		_______	_______	_______

14. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value
	2023	2022
	£	£
Coastal Logistics Limited	3,000	3,000
	_______	_______

During the year management charges were received from Coastal Logistics Limited, a company in which C. Ashdown holds 50% of the shares.

15. Controlling party

The shareholders, C. and M. Ashdown , are the controlling party of the company.