Company Registration No. 10352535 (England and Wales)
GRB Electrical Ltd
Unaudited accounts
for the year ended 31 August 2020
GRB Electrical Ltd
Unaudited accounts
Contents
GRB Electrical Ltd
Company Information
for the year ended 31 August 2020
Company Number
10352535 (England and Wales)
Registered Office
28 Marina Drive
Northfleet
Gravesend
Kent
DA11 9LG
Accountants
Clayton Stirling & Co
123 Cross Lane East
Gravesend
Kent
DA12 5HA
GRB Electrical Ltd
Statement of financial position
as at
31 August 2020
Tangible assets
3,334
4,167
Cash at bank and in hand
41,058
8,624
Creditors: amounts falling due within one year
(13,155)
(10,736)
Net current assets
46,978
6,932
Total assets less current liabilities
50,312
11,099
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
10
10
Profit and loss account
302
11,089
Shareholders' funds
312
11,099
For the year ending 31 August 2020 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 14 May 2021 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 2020
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.
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
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
At 1 September 2019
5,000
5
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
521
-
Other debtors
12,554
9,044
GRB Electrical Ltd
Notes to the Accounts
for the year ended 31 August 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
7,500
7,335
Loans from directors
-
(10)
7
Creditors: amounts falling due after more than one year
2020
2019
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director
10
2,998
10
2,998
9
Average number of employees
During the year the average number of employees was 1 (2019: 1).