REGISTERED NUMBER: 04161004 (England and Wales)

Financial Statements

For The Year Ended 31st March 2025

for

Grainger Timber Frames Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Grainger

Mrs C M Grainger

SECRETARY:

Mrs C M Grainger

REGISTERED OFFICE:

Hutton Grange

Ripon

North Yorkshire

HG4 5LY

REGISTERED NUMBER:

04161004 (England and Wales)

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

FIXED ASSETS

Tangible assets

4

35,325

20,363

CURRENT ASSETS

Stocks

20,000

6,040

Debtors

5

8,130

42,017

Cash at bank

238,914

261,036

267,044

309,093

CREDITORS

Amounts falling due within one year

6

13,059

41,727

NET CURRENT ASSETS

253,985

267,366

TOTAL ASSETS LESS CURRENT LIABILITIES

289,310

287,729

PROVISIONS FOR LIABILITIES

6,700

3,900

NET ASSETS

282,610

283,829

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

282,608

283,827

SHAREHOLDERS' FUNDS

282,610

283,829

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th November 2025 and were signed on its behalf by:

Mr B Grainger - Director

1.	STATUTORY INFORMATION

Grainger Timber Frames Limited is a private company, limited by shares, registered in England. The company's registered number and registered office are as follows;

Registered number 04161004

Registered Office Hutton Grange

Ripon

HG4 5LY

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK" and the Companies Act 2006. The financial Statement have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and any discounts. Turnover is recognised when the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually when an invoice is sent to a customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery 20% on reducing balance

Office equipment 25% on cost

Motor Vehicles 25% on reducing balance

Work-in-progress

Work-in-progress represents the cost of materials and labour incurred on a contract that have not been invoiced at the balance sheet date. A provision is made against the cost if the anticipated future sales value is expected to be lower than the cost of the materials and labour.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

A basic financial liability that is a loan from a person who is a director and a shareholder is recorded at the initial transaction price and is not measured at fair value.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1st April 2024

94,030

7,123

58,021

159,174

Additions

-

-

32,300

32,300

Disposals

-

-

(19,901

)

(19,901

)

At 31st March 2025

94,030

7,123

70,420

171,573

DEPRECIATION

At 1st April 2024

83,028

7,123

48,660

138,811

Charge for year

2,201

-

8,841

11,042

Eliminated on disposal

-

-

(13,605

)

(13,605

)

At 31st March 2025

85,229

7,123

43,896

136,248

NET BOOK VALUE

At 31st March 2025

8,801

-

26,524

35,325

At 31st March 2024

11,002

-

9,361

20,363

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

16,415

Directors' current accounts

2,269

18,154

VAT

1,126

3,145

Prepayments and accrued income

4,735

4,303

8,130

42,017

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

834

Trade creditors

5,094

14,068

Corporation Tax

1,306

19,666

Social security and other taxes

2,374

2,535

Other creditors

1,285

1,924

Accruals and deferred income

3,000

2,700

13,059

41,727

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

Mr B Grainger and Mrs C M Grainger

Balance outstanding at start of year

18,154

9,844

Amounts advanced

138,679

36,221

Amounts repaid

(154,565

)

(27,911

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,268

18,154

Interest is charged at 2.25% on the loan due from the Directors and is repayable on demand.