Grants Groundworks Limited - Filleted accounts


10 SEPTEMBER 2025
GRANTS GROUNDWORKS LIMITED
Registered in England & Wales No. 8316416

FILLETED FINANCIAL ACCOUNTS
FOR THE PERIOD
1 JANUARY 2024 TO 31 DECEMBER 2024



ACCOUNTING POLICIES
Accounting convention
	The financial statements within the annual report have been prepared on the going concern basis and are in compliance with section 1A of the financial reporting standard 102 applicable in the United Kingdom.
Non-current assets
	Property, plant and equipment, excluding any property held for investment, is stated at cost except for any revaluation of land and buildings, less aggregate depreciation and any provision for impairment. With the exception of freehold land, depreciation is charged after allowance for residual value, over the remaining useful economic life by equal annual instalments. The economic life used is for acquisition as new, the deemed life for assets acquired second hand is the remainder or half of the deemed life from new, whichever is the greater.
Inventories
	Inventories, which include work in progress, are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes materials, sub-contract labour, and hire of plant. There are no attributable overheads. Estimated selling price assumes sale in the normal course of trade.
Deferred taxation
	Provision is made for at the appropriate or current tax rate in respect of any possible liability due to timing differences between recognition of events for taxation and accounting purposes. Recognition of any possible asset due to timing differences as above is only recognised to the extent that recovery is reasonably certain.
Revenue
	Revenue represents income in respect of goods or services possession of which has passed to customers in the normal course of activity, and for which those customers have become liable during the period. It is stated net of any tax that is passed on to, or offset against amounts due from, taxing authorities.
Repairs and renewals
	Expenditure of up to £1000 on an item, excluding items treated as part of a project over £1000, is written off in the period it is incurred even if it represented an addition or improvement.

FINANCIAL POSITION

As at 31 December					2024	2023
				Notes	£	£

Non-current assets
		Productive property, plant and equipment		2	55,500	56,250

Current assets
		Inventories		4	85,000	0
		Trade and other receivables		5	7,324	45,250
		Cash and cash equivalents		6	133,949	270,337
					226,273	315,587
Current liabilities
	Due not later than one year
		Trade and other payables		7	(39,706)	(12,987)
		Taxation		8	103	(47,744)
		Borrowings subject to notice			(19,902)	(10,045)
		Provisions		9	(0)	(57,600)
	Net current assets				166,768	187,211
Non-current liabilities
	Due later than one and not later than five years			10	(10,545)	(31,700)
					211,723	211,761

Equity
		Share capital		11	25	25
		Distributable reserves			211,698	211,736
					211,723	211,761

The company is registered in England & Wales under no. 8316416 and is subject to the Companies Act 2006 in its various sections.
The directors acknowledge their responsibilities under section 386 of the Act for the maintenance of adequate accounting records and under section 394 of the Act for the preparation of financial statements.
For the period to 31 December 2024, the date of this financial position statement, the company qualified as small under section 382 of the Act. Members have not required the company to obtain an audit of its financial statements under section 476 of the Act.
The company is entitled, as a small company, to exemption under section 477 of the Companies Act 2006 from the statutory requirement for audited financial statements.
In conformity with section 444 of the Act, the form of these accounts delivered to the registrar of companies; in accordance with the provisions applicable to companies subject to the small companies regime, may be prepared by the removal of any reports, statements of movements in equity, income and expenses, and cash flows; but this filleted form delivers, as a minimum, the statements of accounting policies, financial position and notes thereto.
Approved and authorised for issue by the board on 10 September 2025 and signed on its behalf.

J M Grant
Director

NOTES TO THE FILLETED ACCOUNTS

					2024	2023
£						£

1	Accounting Policies
		The accounting policies are set out in full in a preceding statement.

2	Productive property comprises plant and equipment
	Life in years is 4
	Cost or valuation
		Opening amount			116,600	100,350
		Additions			24,000	75,000
		Disposals and scrappings			(0)	(58,750)

		Closing amount			140,600	116,600
	Amortisation
		Opening amount			60,350	100,350
		Charge for the period			24,750	18,750
		Disposals and scrappings			(0)	(58,750)

		Closing amount			85,100	60,350
	Net amounts
		Opening amount			56,250	0
		Closing amount			55,500	56,250

3	Transport equipment
	Life in years is 4
	Cost or valuation
		Opening and closing amount			49,550	49,550
	Amortisation
		Opening and closing amount			49,550	49,550
	Net amount
		Opening amount			0	0
		Closing amount			0	0

4	Inventories
		Work in progress			85,000	0

5	Trade and other receivables
		Trade receivables			7,324	45,250

6	Cash and cash equivalents
		Bank current account			133,949	270,337

7	Current trade and other payables
		Trade payables			(2,350)	(4,224)
		Due to directors			(14,471)	(39)
		Accruals			(22,885)	(8,724)
					(39,706)	(12,987)

8	Current taxation
		Taxation collected			103	(42,513)
		Corporation tax			0	(5,231)
					103	(47,744)

9	Provisions due not later than one year
		Acquisition of property plant and equipment			0	(57,600)

10	Liabilities due later than one but not later than five years
		Accruals			0	(2,720)
		Deferred tax			(10,545)	(14,062)
		Borrowings			0	(14,918)
					(10,545)	(31,700)

11	Share capital
		The company is a private company limited by share capital
2024				2023
Number				Number
	Equity ordinary shares of £1 each
	Ordinary
		Allotted, called up and fully paid	25	25	25	25

12	Ultimate control
		The company is controlled by the director.

13	Commitments
	Capital expenditure
		There are no capital commitments.

14	Related party transactions
	Key management personnel
		Directors and their relationships
		Transactions during the period
		Remuneration			6,000	6,000
		Dividends
		Directors			0	15,000
		Remuneration of family members			19,500	18,000
		Purchase of services from the following
		Business use of home			1,040	1,040

15	Activity
		The principal activity continues to be that of site excavation and foundation construction.

16	Employees (including directors)
2024				2023
		Average during the period	Number	Number
			3	2


ADMINISTRATION AND ADVISERS

Bankers		Lloyds Bank PLC National Westminster Bank PLC





Accountants and registrar		Cramptons 25A St Matthews Road Torquay TQ2 6JA


Office		23 Rowcroft Road Paignton TQ3 2RE