IRIS Accounts Production v25.2.0.378 07448050 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074480502024-03-31074480502025-03-31074480502024-04-012025-03-31074480502023-03-31074480502023-04-012024-03-31074480502024-03-3107448050ns15:EnglandWales2024-04-012025-03-3107448050ns14:PoundSterling2024-04-012025-03-3107448050ns10:Director12024-04-012025-03-3107448050ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3107448050ns10:SmallEntities2024-04-012025-03-3107448050ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3107448050ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3107448050ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3107448050ns10:FullAccounts2024-04-012025-03-3107448050ns10:Director22024-04-012025-03-3107448050ns10:Director32024-04-012025-03-3107448050ns10:CompanySecretary12024-04-012025-03-3107448050ns10:RegisteredOffice2024-04-012025-03-3107448050ns5:CurrentFinancialInstruments2025-03-3107448050ns5:CurrentFinancialInstruments2024-03-3107448050ns5:ShareCapital2025-03-3107448050ns5:ShareCapital2024-03-3107448050ns5:RetainedEarningsAccumulatedLosses2025-03-3107448050ns5:RetainedEarningsAccumulatedLosses2024-03-3107448050ns5:PlantMachinery2024-04-012025-03-3107448050ns5:FurnitureFittings2024-04-012025-03-3107448050ns5:MotorVehicles2024-04-012025-03-3107448050ns5:PlantMachinery2024-03-3107448050ns5:FurnitureFittings2024-03-3107448050ns5:MotorVehicles2024-03-3107448050ns5:PlantMachinery2025-03-3107448050ns5:FurnitureFittings2025-03-3107448050ns5:MotorVehicles2025-03-3107448050ns5:PlantMachinery2024-03-3107448050ns5:FurnitureFittings2024-03-3107448050ns5:MotorVehicles2024-03-3107448050ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3107448050ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31074480501ns10:Director12024-03-31074480501ns10:Director12023-03-31074480501ns10:Director12024-04-012025-03-31074480501ns10:Director12023-04-012024-03-31074480501ns10:Director12025-03-31074480501ns10:Director12024-03-31
REGISTERED NUMBER: 07448050 (England and Wales)













Financial Statements

for the Year Ended 31 March 2025

for

D Grant Engineering Limited

D Grant Engineering Limited (Registered number: 07448050)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


D Grant Engineering Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D I Grant
R Grant
J T Grant



SECRETARY: R Grant



REGISTERED OFFICE: Newtoft Business Park
Newtoft
MARKET RASEN
Lincolnshire
LN8 3NG



REGISTERED NUMBER: 07448050 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: NatWest Bank Plc
225 High Street
LINCOLN
Lincolnshire
LN2 1AZ

D Grant Engineering Limited (Registered number: 07448050)

Statement of Financial Position
31 March 2025

31/3/25 31/3/24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,294 77,613

CURRENT ASSETS
Stocks 31,369 17,775
Debtors 5 88,024 152,962
Cash at bank 497,097 342,059
616,490 512,796
CREDITORS
Amounts falling due within one year 6 92,285 79,394
NET CURRENT ASSETS 524,205 433,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,499

511,015

PROVISIONS FOR LIABILITIES 32,465 19,457
NET ASSETS 625,034 491,558

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 625,033 491,557
SHAREHOLDERS' FUNDS 625,034 491,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 29 July 2025 and were signed on its behalf by:



D I Grant - Director


D Grant Engineering Limited (Registered number: 07448050)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

D Grant Engineering 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.

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 - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

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

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.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:
Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.
Cash at bank is classified as a basic financial instrument and is measured at transaction price.
Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.


D Grant Engineering Limited (Registered number: 07448050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

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.

Rents received
Rental income from operating leases is recognised in profit or loss on a straight line basis over the term of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024 266,237 7,928 39,157 313,322
Additions 24,598 746 50,395 75,739
At 31 March 2025 290,835 8,674 89,552 389,061
DEPRECIATION
At 1 April 2024 192,505 6,280 36,924 235,709
Charge for year 11,620 562 7,876 20,058
At 31 March 2025 204,125 6,842 44,800 255,767
NET BOOK VALUE
At 31 March 2025 86,710 1,832 44,752 133,294
At 31 March 2024 73,732 1,648 2,233 77,613

D Grant Engineering Limited (Registered number: 07448050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 75,312 133,102
Tax - 7,009
Prepayments 12,712 12,851
88,024 152,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade creditors 27,921 33,748
Tax 29,852 -
Social security and other taxes 6,780 7,135
VAT 21,638 23,148
Other creditors 1,191 75
Directors' current accounts 500 11,506
Accrued expenses 4,403 3,782
92,285 79,394

7. CAPITAL COMMITMENTS
31/3/25 31/3/24
£    £   
Contracted but not provided for in the
financial statements - 58,655

8. OTHER FINANCIAL COMMITMENTS

The company had operating lease commitments of £20,000 (2024 £40,000).

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25 31/3/24
£    £   
D I Grant
Balance outstanding at start of year - 32
Amounts repaid - (32 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Directors' advances are unsecured and interest free.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 were paid to the director .

Included within creditors is a Directors' loan account balance owed to D I Grant totalling £500 (2024: £11,506). This loan is provided interest free and is unsecured.