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REGISTERED NUMBER: SC258963 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Grant Construction (Deeside) Limited

Grant Construction (Deeside) Limited (Registered number: SC258963)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Grant Construction (Deeside) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr G Grant
Mrs K Grant





SECRETARY: Mrs K Grant





REGISTERED OFFICE: Millhead Croft
Tarland
Aboyne
Aberdeenshire
AB34 4UX





REGISTERED NUMBER: SC258963 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

Grant Construction (Deeside) Limited (Registered number: SC258963)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 75,184 19,428
Investments 7 536,781 500,508
611,965 519,936

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 8 166,708 138,823
Cash at bank 1,636,255 1,829,959
1,804,963 1,970,782
CREDITORS
Amounts falling due within one year 9 72,592 227,836
NET CURRENT ASSETS 1,732,371 1,742,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,344,336

2,262,882

PROVISIONS FOR LIABILITIES 27,527 1,472
NET ASSETS 2,316,809 2,261,410

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,316,709 2,261,310
SHAREHOLDERS' FUNDS 2,316,809 2,261,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Grant Construction (Deeside) Limited (Registered number: SC258963)

Statement of Financial Position - continued
31 March 2024


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 9 October 2024 and were signed on its behalf by:





Mr G Grant - Director


Grant Construction (Deeside) Limited (Registered number: SC258963)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Grant Construction (Deeside) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition
Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when the service has been provided, when the amount of revenue can be measured reliably and when its probable that future economic benefits will flow to the entity. If a customer has not been invoiced for services provided during the period the income is accrued and included in debtors under prepayments and accrued income.

Intangible assets - goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets and liabilities of the acquired business.

Goodwill recognized at acquisition is measured at cost less accumulated impairment losses. Goodwill is amortised on a straight line basis over a period of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Depreciation on assets is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to Property - 10% on cost
Plant & Machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Grant Construction (Deeside) Limited (Registered number: SC258963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at either fair value at each reporting date or cost less impairment. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Grant Construction (Deeside) Limited (Registered number: SC258963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023
and 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 7,096 52,838 1,191
Additions - - -
Disposals - - -
At 31 March 2024 7,096 52,838 1,191
DEPRECIATION
At 1 April 2023 7,096 47,626 1,180
Charge for year - 1,042 3
Eliminated on disposal - - -
At 31 March 2024 7,096 48,668 1,183
NET BOOK VALUE
At 31 March 2024 - 4,170 8
At 31 March 2023 - 5,212 11

Grant Construction (Deeside) Limited (Registered number: SC258963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 52,100 2,962 116,187
Additions 68,347 590 68,937
Disposals (15,600 ) - (15,600 )
At 31 March 2024 104,847 3,552 169,524
DEPRECIATION
At 1 April 2023 37,895 2,962 96,759
Charge for year 9,973 81 11,099
Eliminated on disposal (13,518 ) - (13,518 )
At 31 March 2024 34,350 3,043 94,340
NET BOOK VALUE
At 31 March 2024 70,497 509 75,184
At 31 March 2023 14,205 - 19,428

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 500,508
Additions 502,160
Disposals (500,532 )
Revaluations 34,645
At 31 March 2024 536,781
NET BOOK VALUE
At 31 March 2024 536,781
At 31 March 2023 500,508

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 (24 )
Valuation in 2024 34,645
Cost 502,160
536,781

Grant Construction (Deeside) Limited (Registered number: SC258963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,940 38,747
Retentions 89,522 97,241
Other debtors 50,246 2,835
166,708 138,823

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 866 1,839
Taxation and social security 25,495 72,409
Other creditors 46,231 153,588
72,592 227,836