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REGISTERED NUMBER: 00871222 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

G.R.S. (CONTRACTORS) LTD.

G.R.S. (CONTRACTORS) LTD. (REGISTERED NUMBER: 00871222)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.R.S. (CONTRACTORS) LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T M Keane
J F Roughley
C M J Smith





REGISTERED OFFICE: Unit 2A
Collins Industrial Estate
Merton Bank Road
St. Helens
Merseyside
WA9 1HY





REGISTERED NUMBER: 00871222 (England and Wales)





ACCOUNTANTS: C A Hunter Limited
Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ

G.R.S. (CONTRACTORS) LTD. (REGISTERED NUMBER: 00871222)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,467 123,436

CURRENT ASSETS
Stocks 15,000 43,447
Debtors 5 1,668,959 2,098,555
Cash at bank 293,711 522,753
1,977,670 2,664,755
CREDITORS
Amounts falling due within one year 6 1,403,271 1,498,181
NET CURRENT ASSETS 574,399 1,166,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

684,866

1,290,010

CREDITORS
Amounts falling due after more than one year 7 (66,747 ) (116,729 )

PROVISIONS FOR LIABILITIES (8,313 ) (7,395 )
NET ASSETS 609,806 1,165,886

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 608,806 1,164,886
SHAREHOLDERS' FUNDS 609,806 1,165,886

G.R.S. (CONTRACTORS) LTD. (REGISTERED NUMBER: 00871222)

BALANCE SHEET - continued
31 MARCH 2024


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.

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 19 November 2024 and were signed on its behalf by:





T M Keane - Director


G.R.S. (CONTRACTORS) LTD. (REGISTERED NUMBER: 00871222)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

G.R.S. (Contractors) 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.

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 represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts and value added tax. Turnover is calculated by reference to the value of work performed to date as a proportion of the total contract value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance

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

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.

G.R.S. (CONTRACTORS) LTD. (REGISTERED NUMBER: 00871222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Long-term contracts
Profit on long-term contracts is included as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis reflecting the proportion of the work carried out at the year end date, by recording turnover and related costs as contract activity progresses. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year they are first foreseen.

Pensions
The company operates a defined contribution pension scheme. The pension charge represents the amounts paid by the company to the fund in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2023 - 63 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Office
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023 136,569 176,190 109,407 422,166
Additions - - 99 99
At 31 March 2024 136,569 176,190 109,506 422,265
DEPRECIATION
At 1 April 2023 54,663 169,261 74,806 298,730
Charge for year 6,828 1,039 5,201 13,068
At 31 March 2024 61,491 170,300 80,007 311,798
NET BOOK VALUE
At 31 March 2024 75,078 5,890 29,499 110,467
At 31 March 2023 81,906 6,929 34,601 123,436

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,668,959 2,098,555

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 904,192 1,031,848
Taxation and social security 118,088 207,408
Other creditors 380,991 258,925
1,403,271 1,498,181

G.R.S. (CONTRACTORS) LTD. (REGISTERED NUMBER: 00871222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 66,747 116,729

8. RELATED PARTY DISCLOSURES

The ultimate controlling party is GRS Contractors Topco Limited, a company controlled by the directors of GRS (Contractors) Limited.