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REGISTERED NUMBER: SC450490 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

R B GRANT LIMITED

R B GRANT LIMITED (REGISTERED NUMBER: SC450490)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


R B GRANT LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: R B Grant
K M Young





REGISTERED OFFICE: 12B Faraday Road
Glenrothes
Fife
KY6 2RU





REGISTERED NUMBER: SC450490 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
R B GRANT LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R B Grant Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of R B Grant Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R B Grant Limited and state those matters that we have agreed to state to the Board of Directors of R B Grant Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R B Grant Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R B Grant Limited. You consider that R B Grant Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R B Grant Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP


Date: .............................................

R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,000 112,000
Tangible assets 5 330,059 403,689
Investments 6 148,906 -
558,965 515,689

CURRENT ASSETS
Stock 25,500 69,889
Debtors 7 675,948 683,395
Cash at bank and in hand 1,257,531 1,282,891
1,958,979 2,036,175
CREDITORS
Amounts falling due within one year 8 562,584 553,298
NET CURRENT ASSETS 1,396,395 1,482,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,955,360

1,998,566

PROVISIONS FOR LIABILITIES 9 81,417 81,582
NET ASSETS 1,873,943 1,916,984

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,873,933 1,916,974
SHAREHOLDERS' FUNDS 1,873,943 1,916,984

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

BALANCE SHEET - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:





R B Grant - Director


R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

R B Grant 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. 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 for electrical installation work and other electrical repair work.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised from this year at a rate of 10% straight line. Previously it had been amortised evenly over its estimated useful life of twenty years,

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% per annum on cost
Plant and machinery - 25% per annum reducing balance
Motor vehicles - 25% per annum reducing balance
Computer equipment - 25% per annum reducing balance

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument subsequently at amortised cost.

Financial assets that are measured at cost and 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 the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 44 ) .

R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 320,000
AMORTISATION
At 1 January 2024 208,000
Charge for year 32,000
At 31 December 2024 240,000
NET BOOK VALUE
At 31 December 2024 80,000
At 31 December 2023 112,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 8,393 22,067 348
Additions - 3,087 605
Disposals (8,393 ) (1,176 ) (249 )
At 31 December 2024 - 23,978 704
DEPRECIATION
At 1 January 2024 6,936 5,911 251
Charge for year - 4,404 86
Eliminated on disposal (6,936 ) (877 ) (190 )
At 31 December 2024 - 9,438 147
NET BOOK VALUE
At 31 December 2024 - 14,540 557
At 31 December 2023 1,457 16,156 97

R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 557,225 7,275 595,308
Additions 55,189 1,062 59,943
Disposals (57,011 ) (694 ) (67,523 )
At 31 December 2024 555,403 7,643 587,728
DEPRECIATION
At 1 January 2024 176,477 2,044 191,619
Charge for year 97,328 1,399 103,217
Eliminated on disposal (28,759 ) (405 ) (37,167 )
At 31 December 2024 245,046 3,038 257,669
NET BOOK VALUE
At 31 December 2024 310,357 4,605 330,059
At 31 December 2023 380,748 5,231 403,689

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 148,906
At 31 December 2024 148,906
NET BOOK VALUE
At 31 December 2024 148,906

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 227,670 234,624
Other debtors 448,278 448,771
675,948 683,395

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 389,417 195,037
Taxation and social security 116,934 275,301
Other creditors 56,233 82,960
562,584 553,298

R B GRANT LIMITED (REGISTERED NUMBER: SC450490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 81,417 81,582

Deferred
tax
£   
Balance at 1 January 2024 81,582
Provided during year (165 )
Balance at 31 December 2024 81,417

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to/(from) a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
R B Grant
Balance outstanding at start of year 216,257 152,050
Amounts advanced 95,229 102,907
Amounts repaid (100,628 ) (38,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 210,858 216,257

Interest is charged at 2.25% where the balance due from the director exceeds £10,000. There are no fixed terms of repayment.