REGISTERED NUMBER: NI049777 (Northern Ireland)

GROVE BUILDERS LTD

Unaudited Financial Statements for the Year Ended 31 July 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

John Keenan

REGISTERED OFFICE:

60 Brough Road

Castledawson

Magherafelt

Co. Londonderry

BT45 8ER

REGISTERED NUMBER:

NI049777 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

NON-CURRENT ASSETS

Property, plant and equipment

5

159,623

183,891

CURRENT ASSETS

Inventories

-

5,733

Receivables

6

161,502

120,779

Cash at bank

210,059

111,685

371,561

238,197

PAYABLES

Amounts falling due within one year

7

(254,629

)

(161,660

)

NET CURRENT ASSETS

116,932

76,537

TOTAL ASSETS LESS CURRENT LIABILITIES

276,555

260,428

PAYABLES

Amounts falling due after more than one year

8

(1,654

)

(18,790

)

PROVISIONS FOR LIABILITIES

(36,326

)

(33,078

)

NET ASSETS

238,575

208,560

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

238,573

208,558

SHAREHOLDERS' FUNDS

238,575

208,560

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2025 and were signed by:

John Keenan - Director

1.	STATUTORY INFORMATION

Grove Builders Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Nil

Plant and machinery

-

10% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Inventories

Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Government grants

Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.

Share capital of the company

Ordinary share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 August 2024

54,819

136,738

51,538

111,652

354,747

Additions

-

-

5,285

-

5,285

At 31 July 2025

54,819

136,738

56,823

111,652

360,032

DEPRECIATION

At 1 August 2024

-

84,160

45,315

41,381

170,856

Charge for year

-

9,422

2,564

17,567

29,553

At 31 July 2025

-

93,582

47,879

58,948

200,409

NET BOOK VALUE

At 31 July 2025

54,819

43,156

8,944

52,704

159,623

At 31 July 2024

54,819

52,578

6,223

70,271

183,891

6.	RECEIVABLES

2025

2024

£

£

Trade receivables

151,500

106,876

Other receivables

10,002

13,903

161,502

120,779

7.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,607

15,641

Hire purchase contracts

4,450

7,428

Trade payables

84,603

3,119

Taxation and social security

66,487

25,289

Other payables

85,482

110,183

254,629

161,660

8.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2025

2024

£

£

Bank loans

1,654

14,340

Hire purchase contracts

-

4,450

1,654

18,790

9.	SECURED DEBTS

Hire purchase liabilities are secured on the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end a balance of £4,279 was owed by the director to company. 2024- £2,857 owed by the director to the company).