High Voltage Grid Services Ltd

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

1. General Information

High Voltage Grid Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15729347 . The registered office is Unit C, Hambrook Business Park, The Stream, Hambrook, Bristol, BS16 1RQ.

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

The directors have assessed that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they adopt the going concern basis in preparing the financial statements.

This conclusion takes into account the value of signed contracts spanning the financial year and the following two financial years, which provide clear visibility and assurance over future revenue streams and cash inflows. These binding contractual commitments underpin management’s forecasts, demonstrating the company’s ability to generate sufficient income to meet its obligations as they fall due and to sustain operations throughout and beyond the current reporting period. The multi-year nature of these contracts mitigates reliance on short-term trading performance, supports liquidity, and enhances financial resilience. Accordingly, management support the continued adoption of the going concern basis of accounting.

2.3. Significant judgements and estimations

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. The critical judgements made by managemet that have a significant effect on the amounts recognised in the financial statements are described below.

In common with many entities in he construction industry, the company is required to estimate the margin of construction projects in the calculation of the accrual of corresponding costs. The estimate is based on detailed budgeting and project forecasts. The value of the accrual at the end of the period is £2,325,086.

2.4. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.5. 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	33.33% straight line
Motor Vehicles	20% reducing balance
Fixtures & Fittings	33.33% straight line
Computer Equipment	33.33% straight line

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High Voltage Grid Services Ltd

Notes to the Financial Statements (continued)

For the Period 19 May 2024 to 31 May 2025

2.6. 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.

2.7. Financial Instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as thedifference between carrying amount and the present value of estimated cash flows discounted at the original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and best estimate of the recoverable amount.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 4

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High Voltage Grid Services Ltd

Notes to the Financial Statements (continued)

For the Period 19 May 2024 to 31 May 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 19 May 2024	-	-	-	-	-
Additions	19,322	7,790	11,741	21,372	60,225

As at 31 May 2025	19,322	7,790	11,741	21,372	60,225

Depreciation
As at 19 May 2024	-	-	-	-	-
Provided during the period	2,914	389	1,204	3,683	8,190

As at 31 May 2025	2,914	389	1,204	3,683	8,190

Net Book Value
As at 31 May 2025	16,408	7,401	10,537	17,689	52,035

As at 19 May 2024	-	-	-	-	-

5. Debtors

	31 May 2025
	£
Due within one year
Trade debtors	1,814,467
Prepayments and accrued income	147,608
Other debtors	5,775
Directors' loan accounts	11,829

	1,979,679

6. Creditors: Amounts Falling Due Within One Year

	31 May 2025
	£
Trade creditors	450,922
Corporation tax	413,770
Other taxes and social security	10
VAT	589,291
Other creditors	7,124
Accruals and deferred income	2,289,147

	3,750,264

7. Share Capital

	31 May 2025
Allotted, called up but not fully paid	£
105 Ordinary A shares of £ 0.50 each	52
105 Ordinary B shares of £ 0.50 each	52
105 Ordinary C shares of £ 0.50 each	52
35 Ordinary D shares of £ 0.50 each	19

	175

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High Voltage Grid Services Ltd

Notes to the Financial Statements (continued)

For the Period 19 May 2024 to 31 May 2025

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 May 2025
	£
Not later than one year	52,182
Later than one year and not later than five years	48,598

	100,780

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 19 May 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2025
	£	£	£	£	£
Mr Jake Humphries	-	108,761	108,426	-	335
Mr Steve Watkins	-	31,670	20,176	-	11,494

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

10. Audit Information

The auditor's report on the accounts of High Voltage Grid Services Ltd for the period ended 31 May 2025 was unqualified.

The auditor's report was signed by Robert Whitehead FCCA (Senior Statutory Auditor) for and on behalf of PKF Francis Clark , Statutory Auditor.

PKF Francis Clark

90 Victoria Street

Bristol

BS1 6DP

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		31 May 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		52,035

			52,035
CURRENT ASSETS
Debtors	5	1,979,679
Cash at bank and in hand		2,857,410

		4,837,089
Creditors: Amounts Falling Due Within One Year	6	(3,750,264 )

NET CURRENT ASSETS (LIABILITIES)			1,086,825

TOTAL ASSETS LESS CURRENT LIABILITIES			1,138,860

NET ASSETS			1,138,860

CAPITAL AND RESERVES
Called up share capital	7		175
Profit and Loss Account			1,138,685

SHAREHOLDERS' FUNDS			1,138,860