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Unaudited Financial Statements |
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for the Year Ended 30 June 2021 |
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for |
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Cullen Grummitt & Roe (UK) Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 June 2021 |
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for |
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Cullen Grummitt & Roe (UK) Limited |
Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523) |
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Contents of the Financial Statements |
for the year ended 30 June 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Cullen Grummitt & Roe (UK) Limited |
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Company Information |
for the year ended 30 June 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Old Gun Court |
North Street |
Dorking |
Surrey |
RH4 1DE |
Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523) |
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Balance Sheet |
30 June 2021 |
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30.6.21 | 30.6.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523) |
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Notes to the Financial Statements |
for the year ended 30 June 2021 |
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1. | STATUTORY INFORMATION |
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Cullen Grummitt & Roe (UK) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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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. |
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Government grants |
Government grants that are received in respect of expenses or losses already incurred by the entity are recognised in profit and loss in the period when the grant becomes receivable. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523) |
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Notes to the Financial Statements - continued |
for the year ended 30 June 2021 |
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 July 2020 |
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Additions |
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At 30 June 2021 |
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DEPRECIATION |
At 1 July 2020 |
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Charge for year |
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At 30 June 2021 |
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NET BOOK VALUE |
At 30 June 2021 |
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At 30 June 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | OTHER FINANCIAL COMMITMENTS |
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Under the terms of an agreement between Hong Kong and Shanghai Banking Corporation Limited and M/s Egis India Consulting Engineers Private Limited dated 20 March 2019, the company has given a guarantee amounting to Rupees 87 Lakhs 84,645 (10% of its share of the agreement). |
Cullen Grummitt & Roe (UK) Limited (Registered number: 05208523) |
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Notes to the Financial Statements - continued |
for the year ended 30 June 2021 |
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8. | RELATED PARTY DISCLOSURES |
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At 30 June 2021 the company had debtors due within one year arising from transactions with companies under the control of the directors as follows: |
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Within other debtors : |
CGR (QLD) Pty Ltd: £1,109,061 (2020 - £1,106,409) |
CGR Turkey Ltd: £13,833 (2020 - £13,833) |
CGR Kingston (UK) Ltd: £105,398 (2020 - £96,136) |
CGR (International) Pty Ltd Sucursal Argentina: £171,843 (2020 - £131,057) |
Cullen Grummitt & Roe (Netherlands) B.V. £26,114 (2020: £48,223) |
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Within trade debtors : |
CGR Kingston (UK) Ltd: £21,600 (2020: £28,800) |
CGR (International) Pty Ltd Sucursal Argentina: £38,371 (2020 - £38,371) |
Cullen Grummit & Roe Pty Ltd £432,452 (2020: £372,384) |
Cullen Grummitt & Roe (Netherlands) B.V. £Nil (2020: £86,396) |
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At 30 June 2021 the company had creditors due within one year arising from transactions with companies under the control of the directors as follows: |
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Within trade creditors : |
CGR (QLD) Pty Ltd: £113,920 (2020 - £113,920) |
Cullen Grummitt & Roe (India) PVT Ltd: £Nil (2020 - £106,736) |
CGR Canada Project Management Ltd: £73,473 (2020 - £Nil) |
Cullen Grummit & Roe Pty Ltd Sucursal Argentina £6,606 (2020: £Nil) |
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Within other creditors : |
CGR Canada Project Management Ltd: £73,996 (2020 - £159,718) |
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In the year ended 30 June 2021 the company had trading transactions with companies under the control of the directors as follows: |
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Sales to CGR Kingston (UK) Ltd amounting to: £6,000 (2020 - £6,000) |
Purchases from CGR Kingston (UK) Ltd amounting to: £60,000 (2020 - £60,000) |
Sales to CGR Canada Project Management Ltd amounting to: £79,318 (2020 - £250,855) |
Sales to Cullen Grummitt & Roe (Netherlands) B.V amounting to: £Nil (2020 - £170,726) |
Sales to CGR (International) Pty Ltd Sucursal Argentina amounting to:£Nil (2020 - £38,371) |
Purchases from Cullen Grummitt & Roe (Netherlands) B.V amounting to: £266,408 (2020 - £135,078) |
Purchases from Cullen Grummitt & Roe (International) Pty Ltd Sucursal Argentina amounting to: £47,338 (2020 - £10,220) |
Sales to CGR (QLD) Pty Ltd amounting to: £149,299 (2020 - £433,767l) |
Purchases from Cullen Grummitt & Roe (India) PVT Ltd amounting to: £Nil (2020 £108,736) |
Purchases from CGR Canada Project Management Ltd amounting to: £73,473 (2020 - £250,855) |
Sales to CGR (International) Pty Ltd amounting to £28,374 (2020 - £Nil) |
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9. | ULTIMATE CONTROLLING PARTY |
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The principal shareholder, Mr A A C Grummitt, is the ultimate controlling party. |
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10. | LEASE COMMITMENTS |
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At 30 June 2021 the company had total lease commitments due within one year of £60,000 and due between two and five years of £120,000. |