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REGISTERED NUMBER: 04092018 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

GRT BUILDERS LIMITED

GRT BUILDERS LIMITED (REGISTERED NUMBER: 04092018)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRT BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G Paxton
R Dickens





SECRETARY: G Paxton





REGISTERED OFFICE: Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL





REGISTERED NUMBER: 04092018 (England and Wales)





AUDITORS: BN Audit Services Limited (Statutory Auditors)
45a Station Road
Willington
Bedfordshire
MK44 3QL

GRT BUILDERS LIMITED (REGISTERED NUMBER: 04092018)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,038 6,593

CURRENT ASSETS
Debtors 5 4,192,822 4,127,002
Cash at bank 519,921 -
4,712,743 4,127,002
CREDITORS
Amounts falling due within one year 6 3,748,010 3,199,988
NET CURRENT ASSETS 964,733 927,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

967,771

933,607

PROVISIONS FOR LIABILITIES 8 759 1,648
NET ASSETS 967,012 931,959

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 967,011 931,958
SHAREHOLDERS' FUNDS 967,012 931,959

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 Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:




G Paxton - Director



R Dickens - Director


GRT BUILDERS LIMITED (REGISTERED NUMBER: 04092018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

GRT Builders Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover on contracts is recognised with reference to stage of completion.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

GRT BUILDERS LIMITED (REGISTERED NUMBER: 04092018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 97,853
Additions 362
At 30 April 2024 98,215
DEPRECIATION
At 1 May 2023 91,260
Charge for year 3,917
At 30 April 2024 95,177
NET BOOK VALUE
At 30 April 2024 3,038
At 30 April 2023 6,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,935,607 3,301,222
Amounts owed by group undertakings 989,876 579,120
Amounts recoverable on contracts 247,465 235,178
Other debtors 19,874 11,482
4,192,822 4,127,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 166,413
Trade creditors 137,511 104,014
Amounts owed to group undertakings 3,107,781 2,569,062
Taxation and social security 186,982 116,311
Other creditors 315,736 244,188
3,748,010 3,199,988

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdraft - 166,413

GRT Group Limited cross guarantees the bank overdraft in GRT Builders Limited.

GRT BUILDERS LIMITED (REGISTERED NUMBER: 04092018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 759 1,648

Deferred
tax
£   
Balance at 1 May 2023 1,648
Accelerated capital allowances (889 )
Balance at 30 April 2024 759

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Clive Noel (Senior Statutory Auditor)
for and on behalf of BN Audit Services Limited (Statutory Auditors)

11. PARENT AND ULTIMATE PARENT DETAILS

The parent of the group in which these financial statements are consolidated is GRT Group Limited, incorporated in England and Wales.

The address of GRT Group Limited is:
Cheribourne House
45a Station Road
Willington
Bedfordshire
MK44 3QL