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REGISTERED NUMBER: 10055897 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GRUB CONSTRUCTION LTD

GRUB CONSTRUCTION LTD (REGISTERED NUMBER: 10055897)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRUB CONSTRUCTION LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Mr R J Williams





REGISTERED OFFICE: Unit 6
Heath Park Main Road
Cropthorne
Pershore
WR10 3NE





REGISTERED NUMBER: 10055897 (England and Wales)





ACCOUNTANTS: Michael Harwood & Co
Chartered Accountants
Greville House
10 Jury Street
Warwick
Warwickshire
CV34 4EW

GRUB CONSTRUCTION LTD (REGISTERED NUMBER: 10055897)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 225,405 192,100

CURRENT ASSETS
Stocks 30,397 30,795
Debtors 5 176,785 258,336
Cash at bank and in hand 28,157 23,143
235,339 312,274
CREDITORS
Amounts falling due within one year 6 182,739 386,162
NET CURRENT ASSETS/(LIABILITIES) 52,600 (73,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,005

118,212

CREDITORS
Amounts falling due after more than one
year

7

(116,441

)

(71,396

)

PROVISIONS FOR LIABILITIES (31,081 ) (24,003 )
NET ASSETS 130,483 22,813

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 130,482 22,812
130,483 22,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





Mr R J Williams - Director


GRUB CONSTRUCTION LTD (REGISTERED NUMBER: 10055897)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Grub Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost and 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

GRUB CONSTRUCTION LTD (REGISTERED NUMBER: 10055897)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 304,021 2,485 85,048 4,912 396,466
Additions 116,516 950 - 1,007 118,473
Disposals (1,410 ) - - (370 ) (1,780 )
Reclassification/transfer 15,000 - (15,000 ) - -
At 31 March 2023 434,127 3,435 70,048 5,549 513,159
DEPRECIATION
At 1 April 2022 169,877 311 30,224 3,954 204,366
Charge for year 72,285 450 11,675 758 85,168
Eliminated on disposal (1,410 ) - - (370 ) (1,780 )
Reclassification/transfer 6,875 - (6,875 ) - -
At 31 March 2023 247,627 761 35,024 4,342 287,754
NET BOOK VALUE
At 31 March 2023 186,500 2,674 35,024 1,207 225,405
At 31 March 2022 134,144 2,174 54,824 958 192,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 161,780 202,130
Tax - 29,666
VAT 14,553 23,390
Prepayments and accrued income 452 3,150
176,785 258,336

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans - 102,000
Hire purchase contracts 43,516 48,351
Trade creditors 73,106 136,268
Tax 4,434 -
Social security and other taxes 21,857 49,462
Other creditors 15,219 18,467
Directors' current accounts 11,447 18,551
Accruals and deferred income 3,160 3,063
182,739 386,162

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 30,000 40,000
Hire purchase contracts 86,441 31,396
116,441 71,396