GRANT WAUGH MEEHAN LTD


Directors	GRANT, Chris
	MEEHAN, Ben Bartley
	WAUGH, Alan Stewart


Registered Address	Vicarage Chambers 9
	Park Square East
	Leeds
	LS1 2LH


Registered Number	13168925 (England and Wales)

Statement of Financial Position
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		647		965
			647		965
Current assets
Debtors	4	60,950		63,277
Cash at bank and on hand		119,508		65,997
		180,458		129,274
Creditors amounts falling due within one year	5	(53,115)		(39,544)
Net current assets (liabilities)			127,343		89,730
Total assets less current liabilities			127,990		90,695
Net assets			127,990		90,695
Capital and reserves
Called up share capital			100		100
Profit and loss account			127,890		90,595
Shareholders' funds			127,990		90,695

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2025, and are signed on its behalf by:

WAUGH, Alan Stewart
Director
Registered Company No. 13168925

GRANT WAUGH MEEHAN LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 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 policy

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 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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	33

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 March 24	2,887
	At 28 February 25	2,887
	Depreciation and impairment
	At 01 March 24	1,922
	Charge for year	318
	At 28 February 25	2,240
	Net book value
	At 28 February 25	647
	At 29 February 24	965

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	52,354	54,830
Other debtors	-	131
Prepayments and accrued income	8,596	8,316
Total	60,950	63,277

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	300	-
Taxation and social security	36,499	26,105
Other creditors	530	471
Accrued liabilities and deferred income	15,786	12,968
Total	53,115	39,544

6.	Directors advances, credits and guarantees
	During the period, the directors had a loan account with the company. On 1st March 2024, the directors owed the company £340. During the year, the company provided further loan advances of £31,968 and the directors made repayments of £32,308. As at 28 February 2025, the directors owed the company £Nil.