H&S Grant Contracts Limited - Filleted accounts

Registered number

NI058411

H&S Grant Contracts Limited

Filleted Accounts

For The Year Ended

31 March 2025

H&S Grant Contracts Limited
Registered number:		NI058411
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		193,706			164,298

Current assets
Debtors	5	121,578			83,342
Cash at bank and in hand		1,514,119			1,570,341
		1,635,697			1,653,683

Creditors: amounts falling due within one year	6	(32,467)			(19,421)

Net current assets			1,603,230			1,634,262

Total assets less current liabilities			1,796,936			1,798,560


Provisions for liabilities			(48,427)			(41,075)


Net assets			1,748,509			1,757,485

Capital and reserves
Called up share capital			2			2
Profit and loss account			1,748,507			1,757,483

Shareholders' funds			1,748,509			1,757,485

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Hugh Grant
Director
Approved by the board on 21 August 2025

H&S Grant Contracts Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Goodwill has accordingly been amortised evenly over 10 years.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% straight line
	Goodwill	10% straight line

	Work in progress
	Work in progress is valued at net saleable value in accordance with Accounting Standard UITF40 and FRS 102.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.



	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments where material. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		3


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2024				40,000
	At 31 March 2025				40,000

	Amortisation
	At 1 April 2024				40,000
	At 31 March 2025				40,000

	Net book value
	At 31 March 2025				-

	Goodwill was written off in equal annual instalments over its estimated economic life of 10 years.

4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				320,643
	Additions				99,574
	Disposals				(25,000)
	At 31 March 2025				395,217

	Depreciation
	At 1 April 2024				156,345
	Charge for the year				64,437
	On disposals				(19,271)
	At 31 March 2025				201,511

	Net book value
	At 31 March 2025				193,706
	At 31 March 2024				164,298


5	Debtors		2025		2024
£				£

	Trade debtors		99,355		-
	Sundry debtors		22,223		83,342
			121,578		83,342


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Corporation tax		5,658		7,607
	Other taxes and social security costs		23,110		8,875
	Other creditors		3,699		2,939
			32,467		19,421

7	Events after the reporting date

	There has been no events occurring since the balance sheet date which necessitate a revision of the above figures.

8	Capital commitments

	The company did not have any capital commitments at 31 March 2025 not already provided for in the financial statements.

9	Contingent liabilities

	There were no contingent liabilities at the year end.
10	Related party transactions

	Related party transactions occurred between the company and its director. All such transactions were in the normal course of business.
11	Directors advances, credits and guarantees

	The company is owed £2,260 from directors as at 31 March 2025

12	Controlling parties

	The controlling parties have been identified as Hugh and Sharon Grant the company's directors and also the shareholders.

13	Other information

	H&S Grant Contracts Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	56 Aughrim Road
	Kilkeel
	Co. Down
	BT34 4HR