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REGISTERED NUMBER: 02909421 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Grosvenor Oil Services Limited

Grosvenor Oil Services Limited (Registered number: 02909421)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grosvenor Oil Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M I Stephen
G A Allen





REGISTERED OFFICE: Unit C3 Taylor Business Park
Risley
Warrington
Cheshire
WA3 6BL





REGISTERED NUMBER: 02909421 (England and Wales)





AUDITORS: Johnstone Howell & Co
Statutory Auditors
104 Whitby Road
Ellesmere Port
Cheshire
CH65 0AB

Grosvenor Oil Services Limited (Registered number: 02909421)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 125,523 77,905

CURRENT ASSETS
Stocks 109,563 40,338
Debtors 5 1,671,598 1,295,244
Cash at bank and in hand 258,653 450,950
2,039,814 1,786,532
CREDITORS
Amounts falling due within one year 6 1,603,224 1,472,078
NET CURRENT ASSETS 436,590 314,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,113

392,359

PROVISIONS FOR LIABILITIES 42,898 21,958
NET ASSETS 519,215 370,401

CAPITAL AND RESERVES
Called up share capital 35,000 35,000
Retained earnings 7 484,215 335,401
SHAREHOLDERS' FUNDS 519,215 370,401

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 5 August 2025 and were signed on its behalf by:




G A Allen - Director



M I Stephen - Director


Grosvenor Oil Services Limited (Registered number: 02909421)

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

1. STATUTORY INFORMATION

Grosvenor Oil Services 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.

The company's presentational currency is pounds sterling.

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 net of value added tax, rebates and discounts.

Turnover from the sale of goods and services is recognised when the company has delivered those goods and services to the customer.

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 etc - 25% on cost and at varying rates on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairments. The cost of property, plant and equipment includes any directly attributable incremental costs incurred in its acquisition and installation.

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

Cost represents the price payable to the third party suppliers of inventory.

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.


Grosvenor Oil Services Limited (Registered number: 02909421)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2024 671,703
Additions 68,676
At 31 December 2024 740,379
DEPRECIATION
At 1 January 2024 593,798
Charge for year 21,058
At 31 December 2024 614,856
NET BOOK VALUE
At 31 December 2024 125,523
At 31 December 2023 77,905

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 749,678 733,604
Amounts owed by group undertakings 835,129 519,093
Other debtors 86,791 42,547
1,671,598 1,295,244

Grosvenor Oil Services Limited (Registered number: 02909421)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 280,070 207,933
Amounts owed to group undertakings 1,042,204 998,359
Taxation and social security 195,142 210,710
Other creditors 85,808 55,076
1,603,224 1,472,078

7. RESERVES
Retained
earnings
£

At 1 January 2024 335,401
Profit for the year 569,281
Dividends (420,467 )
At 31 December 2024 484,215

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

The Report of the Auditors was unqualified.

Andrew Bagnall FCA (Senior Statutory Auditor)
for and on behalf of Johnstone Howell & Co

9. OTHER FINANCIAL COMMITMENTS

There is an unlimited bilateral bank guarantee given by the company and Grosvenor Power Services Limited.

There are fixed and floating charges over the undertaking and all property and assets present and future.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemptions available under 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.

11. ULTIMATE PARENT COMPANY

The ultimate parent undertaking, for the largest and smallest group for which the group accounts are prepared, is Grosvenor Power Group Holdings Limited, registered in England and Wales.