REGISTERED NUMBER: 04376791 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Grade 1 Hire & Sales Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

105,524

61,121

CURRENT ASSETS

Stocks

163,993

230,042

Debtors

5

185,665

274,014

Cash at bank

7,924

1,339

357,582

505,395

CREDITORS

Amounts falling due within one year

6

228,636

359,463

NET CURRENT ASSETS

128,946

145,932

TOTAL ASSETS LESS CURRENT LIABILITIES

234,470

207,053

CREDITORS

Amounts falling due after more than one year

7

(115,729

)

(67,082

)

PROVISIONS FOR LIABILITIES

(23,198

)

(10,259

)

NET ASSETS

95,543

129,712

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

95,443

129,612

SHAREHOLDERS' FUNDS

95,543

129,712

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2025 and were signed by:

Mr C D Playle - Director

1.	STATUTORY INFORMATION

Grade 1 Hire & Sales Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04376791

Registered office:

Unit 2 & 3

Agecroft Trading Estate

Langley Road

Salford

M6 6JD

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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings, and office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Scaffolding

-

10% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings,

and

office

Motor

equipment

vehicles

Scaffolding

Totals

£

£

£

£

COST

At 1 February 2024

18,257

133,152

140,378

291,787

Additions

285

74,885

-

75,170

Disposals

-

(12,000

)

-

(12,000

)

At 31 January 2025

18,542

196,037

140,378

354,957

DEPRECIATION

At 1 February 2024

12,663

87,453

130,550

230,666

Charge for year

880

17,212

9,828

27,920

Eliminated on disposal

-

(9,153

)

-

(9,153

)

At 31 January 2025

13,543

95,512

140,378

249,433

NET BOOK VALUE

At 31 January 2025

4,999

100,525

-

105,524

At 31 January 2024

5,594

45,699

9,828

61,121

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2024

65,052

Additions

74,885

Disposals

(12,000

)

At 31 January 2025

127,937

DEPRECIATION

At 1 February 2024

25,732

Charge for year

15,617

Eliminated on disposal

(9,153

)

At 31 January 2025

32,196

NET BOOK VALUE

At 31 January 2025

95,741

At 31 January 2024

39,320

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

136,197

228,327

Amounts owed by group undertakings

35,401

35,401

Other debtors

14,067

10,286

185,665

274,014

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

71,415

52,354

Hire purchase contracts

24,380

15,032

Trade creditors

53,167

159,040

Taxation and social security

9,054

53,845

Other creditors

70,620

79,192

228,636

359,463

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

65,646

57,061

Hire purchase contracts

50,083

10,021

115,729

67,082

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

74,463

25,053

Hire Purchase contracts are secured against the asset to which they relate.

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £40,792 (2024 - £48,204). This financial commitment represents the total amount of payments remaining on a lease ending in 2025.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Grade 1 Holdings LImited.

The ultimate controlling party is C D Playle and Mrs J Playle.