Registration number:
GRW Fire & Security Ltd
for the Period from 12 July 2019 to 31 August 2020
GRW Fire & Security Ltd
Profit and Loss Account for the Period from 12 July 2019 to 31 August 2020
The company has not traded during the period. During this period, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
GRW Fire & Security Ltd
(Registration number: 12100643)
Balance Sheet as at 31 August 2020
Note |
2020 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial period ending 31 August 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
• |
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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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
.........................................
Director
GRW Fire & Security Ltd
Notes to the Unaudited Financial Statements for the Period from 12 July 2019 to 31 August 2020
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
GRW Fire & Security Ltd
Notes to the Unaudited Financial Statements for the Period from 12 July 2019 to 31 August 2020
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Debtors |
2020 |
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Prepayments |
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Cash and cash equivalents |
2020 |
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Cash on hand |
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Cash at bank |
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GRW Fire & Security Ltd
Notes to the Unaudited Financial Statements for the Period from 12 July 2019 to 31 August 2020
Creditors |
Note |
2020 |
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Due within one year |
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Loans and borrowings |
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Accruals |
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Share capital |
Allotted, called up and fully paid shares
2020 |
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No. |
£ |
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2 |
Loans and borrowings |
2020 |
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Current loans and borrowings |
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Other borrowings |
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Related party transactions |
Summary of transactions with other related parties
Mr GR Wallis, the director and a shareholder, is the director and shareholder of GRW Electrical & Data Communications Limited.
Loans from related parties
2020 |
Other related parties |
Total |
Advanced |
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