Grubb Roofing & Painting Contractors Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC552560

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		42,060		4,854

			42,060		4,854
CURRENT ASSETS
Stocks	5	150		150
Debtors	6	4,740		2,318
Cash at bank and in hand		19,234		-

		24,124		2,468
Creditors: Amounts Falling Due Within One Year	7	(123,654 )		(69,508 )

NET CURRENT ASSETS (LIABILITIES)			(99,530 )		(67,040 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(57,470 )		(62,186 )

Creditors: Amounts Falling Due After More Than One Year	8		(5,691 )		(6,375 )

NET LIABILITIES			(63,161 )		(68,561 )

CAPITAL AND RESERVES
Called up share capital	10		200		200
Profit and Loss Account			(63,361 )		(68,761 )

SHAREHOLDERS' FUNDS			(63,161)		(68,561)

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Grubb Roofing & Painting Contractors Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Grubb

Director

23rd September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Grubb Roofing & Painting Contractors Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC552560 . The registered office is Unit 71, William Matthews Yard, Denburn Road, Kirkcaldy, Fife, KY1 2HD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

During the period, the company has operated by utilising funds made available by the directors. The directors have confirmed that they will continue to provide this support. The directors therefore consider it appropriate to prepare the accounts on a going concern basis.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance
Computer Equipment	33.33% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Grubb Roofing & Painting Contractors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2024	2023
Sales, marketing and distribution	2	1

	2	1

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	650	18,000	-	18,650
Additions	-	51,913	632	52,545
Disposals	-	(18,000 )	-	(18,000 )

As at 31 December 2024	650	51,913	632	53,195

Depreciation
As at 1 January 2024	514	13,282	-	13,796
Provided during the period	27	10,383	211	10,621
Disposals	-	(13,282 )	-	(13,282 )

As at 31 December 2024	541	10,383	211	11,135

Net Book Value
As at 31 December 2024	109	41,530	421	42,060

As at 1 January 2024	136	4,718	-	4,854

5. Stocks

	2024	2023
	£	£
Materials	150	150

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	3,196	1,440
Other debtors	1,544	878

	4,740	2,318

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Grubb Roofing & Painting Contractors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	2,854	5,577
Bank loans and overdrafts	9,284	8,371
Other taxes and social security	2,704	3,346
VAT	2,511	190
Premium Credit	4,729	-
Accruals and deferred income	1,800	1,895
Director's loan account	99,772	50,129

	123,654	69,508

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	5,691	6,375

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

11. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans from directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Paul Grubb	50,129	84,429	(34,786 )	-	99,772

The above loan is unsecured, interest free and repayable on demand.

12. Ultimate Controlling Party

The company's ultimate controlling party is Paul Grubb by virtue of his ownership of 100% of the issued share capital in the company.

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