Grace Civils Ltd - Accounts

Grace Civils Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	15,240	19,170
		15,240	19,170
Current assets
Debtors	4	46,377	22,782
Cash at bank and in hand		106,455	104,867
		152,832	127,649
Creditors: amount falling due within one year	5	(84,506)	(90,127)
Net current assets		68,326	37,522

Total assets less current liabilities		83,566	56,692
Provisions for liabilities	6	(544)	-
Net assets		83,022	56,692

Capital and reserves
Called up share capital	7	120	120
Profit and loss account		82,902	56,572
Shareholders' funds		83,022	56,692

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 12 December 2025 and were signed on its behalf by:

-------------------------------
Patrick Joseph Grace
Director

Grace Civils Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Grace Civils Ltd is a private company, limited by shares, registered in England and Wales, registration number 14702819, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2024 : 3).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£
At 01 April 2024	19,000	7,827	26,827
Additions	-	2,901	2,901
Disposals	(1,750)	-	(1,750)
At 31 March 2025	17,250	10,728	27,978
Depreciation
At 01 April 2024	5,700	1,957	7,657
Charge for year	2,888	2,193	5,081
On disposals	-	-	-
At 31 March 2025	8,588	4,150	12,738
Net book values
Closing balance as at 31 March 2025	8,662	6,578	15,240
Opening balance as at 01 April 2024	13,300	5,870	19,170

Debtors: amounts falling due within one year

	2025 £		2024 £
Other Debtors	46,377		22,782
	46,377		22,782

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	13,648	42
Corporation Tax	-	11,211
Directors' Current Accounts	70,858	78,874
	84,506	90,127

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	544		-
	544		-

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
100 Ordinary shares of £1.00 each	100	100
20 A Ordinary shares of £1.00 each	20	20
	120	120

Registered Number: 14702819
England and Wales
Filleted Accounts

for the year ended 31 March 2025
for
GRACE CIVILS LTD