Grosvenor Construction Services (Banbury - Accounts to registrar (filleted)

REGISTERED NUMBER: 01404430 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

GROSVENOR CONSTRUCTION SERVICES

(BANBURY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T R Blencowe

Mrs D Blencowe

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

BUSINESS ADDRESS:

Old Parish Barn

Sandford St Martin

Chipping Norton

Oxfordshire

OX7 7AG

REGISTERED NUMBER:

01404430 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

657,742

135,285

CURRENT ASSETS

Debtors

5

29,011

25,146

Cash at bank

1,719

50,783

30,730

75,929

CREDITORS

Amounts falling due within one year

6

101,347

111,412

NET CURRENT LIABILITIES

(70,617

)

(35,483

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

587,125

99,802

CREDITORS

Amounts falling due after more than one
year

7

(8,433

)

(6,134

)

PROVISIONS FOR LIABILITIES

8

(118,750

)

-

NET ASSETS

459,942

93,668

CAPITAL AND RESERVES

Called up share capital

9

198

Revaluation reserve

10

408,750

-

Retained earnings

50,994

93,470

SHAREHOLDERS' FUNDS

459,942

93,668

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 directors acknowledge their 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 Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

Mr T R Blencowe - Director

1.	STATUTORY INFORMATION

Grosvenor Construction Services (Banbury) Limited 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

Straight line over 3 years

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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 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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 February 2024

175,000

776

52,169

8,789

236,734

Additions

-

1,166

Revaluations

527,500

-

527,500

At 31 January 2025

702,500

776

52,169

9,955

765,400

DEPRECIATION

At 1 February 2024

49,000

776

42,884

8,789

101,449

Charge for year

3,500

-

2,321

388

6,209

At 31 January 2025

52,500

776

45,205

9,177

107,658

NET BOOK VALUE

At 31 January 2025

650,000

-

6,964

778

657,742

At 31 January 2024

126,000

-

9,285

-

135,285

Cost or valuation at 31 January 2025 is represented by:

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

Valuation in 2025

527,500

-

527,500

Cost

175,000

776

52,169

9,955

237,900

702,500

776

52,169

9,955

765,400

If the Freehold property was sold for its fair value, there would be tax payable of £118,750.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

11,400

6,600

Directors' current accounts

17,611

18,546

29,011

25,146

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

383

40,521

Tax

18,194

26,060

VAT

3,671

5,058

Other creditors

71,489

34,989

Accrued expenses

7,610

4,784

101,347

111,412

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.25

31.1.24

£

Bank loans - 1-2 years

8,433

4,600

Bank loans - 2-5 years

-

1,534

8,433

6,134

8.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

Deferred tax

118,750

-

Deferred

tax

£

Provided during year

118,750

Balance at 31 January 2025

118,750

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

99

Ordinary

£1

99

198

99

Ordinary A

£1

99

-

198

10.

RESERVES

Revaluation

reserve

£

No description

408,750

At 31 January 2025

408,750