REGISTERED NUMBER: 00871222 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

G.R.S. (CONTRACTORS) LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T M Keane

REGISTERED OFFICE:

Unit 2A

Collins Industrial Estate

Merton Bank Road

St. Helens

Merseyside

WA9 1HY

REGISTERED NUMBER:

00871222 (England and Wales)

ACCOUNTANTS:

C A Hunter Limited

Britannia Chambers

26 George Street

St Helens

Merseyside

WA10 1BZ

FIXED ASSETS

Tangible assets

4

103,435

110,467

CURRENT ASSETS

Stocks

163,778

15,000

Debtors

5

2,635,065

1,668,959

Cash at bank

901,365

293,711

3,700,208

1,977,670

CREDITORS

Amounts falling due within one year

6

2,905,654

1,403,271

NET CURRENT ASSETS

794,554

574,399

TOTAL ASSETS LESS CURRENT LIABILITIES

897,989

684,866

CREDITORS

Amounts falling due after more than one year

7

(217,494

)

(66,747

)

PROVISIONS FOR LIABILITIES

(8,358

)

(8,313

)

NET ASSETS

672,137

609,806

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

671,137

608,806

SHAREHOLDERS' FUNDS

672,137

609,806

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 October 2025 and were signed by:

T M Keane - Director

1.	STATUTORY INFORMATION

G.R.S. (Contractors) Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts and value added tax. Turnover is calculated by reference to the value of work performed to date as a proportion of the total contract value.

Tangible fixed assets

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

Long leasehold

-

5% on cost

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

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 Income Statement, 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.

Long-term contracts

Profit on long-term contracts is included as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis reflecting the proportion of the work carried out at the year end date, by recording turnover and related costs as contract activity progresses. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year they are first foreseen.

Pensions

The company operates a defined contribution pension scheme. The pension charge represents the amounts paid by the company to the fund in the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2024 - 61 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Office

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

136,569

176,190

109,506

422,265

Additions

-

100

5,467

5,567

At 31 March 2025

136,569

176,290

114,973

427,832

DEPRECIATION

At 1 April 2024

61,491

170,300

80,007

311,798

Charge for year

6,829

899

4,871

12,599

At 31 March 2025

68,320

171,199

84,878

324,397

NET BOOK VALUE

At 31 March 2025

68,249

5,091

30,095

103,435

At 31 March 2024

75,078

5,890

29,499

110,467

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

2,635,065

1,668,959

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,949,955

904,192

Taxation and social security

189,765

118,088

Other creditors

765,934

380,991

2,905,654

1,403,271

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

217,494

66,747

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loan

66,712

116,747

Other loans

296,314

-

363,026

116,747

Barclays Bank hold a fixed and floating charge over the company's assets as security for the bank loan.

The other loans are secured by a personal guarantee from the company director.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the 31 March 2025 balance sheet date there was a balance owing to the company from the directors of £67,676 ( 2024 £34,872).

10.	RELATED PARTY DISCLOSURES

The ultimate controlling party is GRS Contractors 1 Limited, a company controlled by the director of GRS (Contractors) Limited.

At the balance sheet date there was a balance of £300,692 owing to G.R.S.Civils Limited. T Keane is a director and the ultimate controlling party of G.R.S.Civils Limited.