Company Registration No. 10352535 (England and Wales)
GRB Electrical Ltd
Unaudited accounts
for the year ended 31 August 2022
GRB Electrical Ltd
Unaudited accounts
Contents
GRB Electrical Ltd
Company Information
for the year ended 31 August 2022
Company Number
10352535 (England and Wales)
Registered Office
28 Marina Drive
Northfleet
Gravesend
Kent
DA11 9LG
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
GRB Electrical Ltd
Statement of financial position
as at 31 August 2022
Tangible assets
15,999
20,697
Cash at bank and in hand
2,056
22,839
Creditors: amounts falling due within one year
(41,162)
(24,041)
Net current assets
28,549
25,335
Total assets less current liabilities
44,548
46,032
Creditors: amounts falling due after more than one year
(41,203)
(45,403)
Called up share capital
10
10
Profit and loss account
3,335
619
Shareholders' funds
3,345
629
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2023 and were signed on its behalf by
G Bush
Director
Company Registration No. 10352535
GRB Electrical Ltd
Notes to the Accounts
for the year ended 31 August 2022
GRB Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 10352535. The registered office is 28 Marina Drive, Northfleet, Gravesend, Kent, DA11 9LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
6 year straight line basis and 25% reducing balance basis
Computer equipment
5 year straight line basis
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2021
23,442
999
24,441
At 31 August 2022
23,442
1,740
25,182
At 1 September 2021
3,611
133
3,744
Charge for the year
5,165
274
5,439
At 31 August 2022
8,776
407
9,183
At 31 August 2022
14,666
1,333
15,999
At 31 August 2021
19,831
866
20,697
GRB Electrical Ltd
Notes to the Accounts
for the year ended 31 August 2022
Amounts falling due within one year
Accrued income and prepayments
460
460
Other debtors
50,786
17,455
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,200
3,960
Taxes and social security
32,946
17,218
Other creditors
3,000
2,863
7
Creditors: amounts falling due after more than one year
2022
2021
Aggregate of amounts that fall due for payment after five years
22,002
27,162
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director
5,083
77,687
45,835
36,935
5,083
77,687
45,835
36,935
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Average number of employees
During the year the average number of employees was 2 (2021: 2).