G F GRIGG CONSTRUCTION LTD


Director	GRIGG, Alistair Francis


Company Secretary	GRIGG, Alistair Francis


Registered Address	Penstrowed Quarry
	Penstrowed
	Caersws
	SY17 5SG


Registered Number	06411497 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		1,209,780		837,068
			1,209,780		837,068
Current assets
Stocks	5	3,500		3,500
Debtors	6	2,516,144		2,140,691
Cash at bank and on hand		906,128		538,603
		3,425,772		2,682,794
Creditors amounts falling due within one year	7	(1,297,944)		(880,228)
Net current assets (liabilities)			2,127,828		1,802,566
Total assets less current liabilities			3,337,608		2,639,634
Creditors amounts falling due after one year	8		(76,738)		(117,842)
Provisions for liabilities	11		(72,189)		(28,764)
Net assets			3,188,681		2,493,028
Capital and reserves
Called up share capital			85		85
Share premium			44,955		44,955
Other reserves			15		15
Profit and loss account			3,143,626		2,447,973
Shareholders' funds			3,188,681		2,493,028

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 9 December 2025, and are signed on its behalf by:

GRIGG, Alistair Francis
Director
Registered Company No. 06411497

G F GRIGG CONSTRUCTION LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill represents the difference between amounts paid on the cost of a business combination and the acquireres interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquistion. Subsequent toinitial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of comprhensive income over its useful economic life.

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquireres interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquistion. Subsequent toinitial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of comprhensive income over its useful economic life.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		13

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	100,000
	At 31 March 25	100,000
	Amortisation and impairment
	At 01 April 24	100,000
	At 31 March 25	100,000
	Net book value
	At 31 March 25	-
	At 31 March 24	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	1,628,083
	Additions	789,942
	Disposals	(312,842)
	At 31 March 25	2,105,184
	Depreciation and impairment
	At 01 April 24	791,014
	Charge for year	273,598
	On disposals	(169,209)
	At 31 March 25	895,404
	Net book value
	At 31 March 25	1,209,780
	At 31 March 24	837,068

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	3,500	3,500
Total	3,500	3,500

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,998,337	1,694,041
Amounts owed by group undertakings	3,937	3,500
Amounts owed by associates and joint ventures / participating interests	353,274	312,536
Other debtors	150,423	125,164
Prepayments and accrued income	10,173	5,450
Total	2,516,144	2,140,691

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	590,862	562,173
Bank borrowings and overdrafts	-	9,570
Amounts owed to related parties	354,492	59,492
Taxation and social security	138,715	88,833
Finance lease and HP contracts	162,029	99,791
Other creditors	6,480	12,552
Accrued liabilities and deferred income	45,366	47,817
Total	1,297,944	880,228


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	16,560
Other creditors	76,738	101,282
Total	76,738	117,842

9.	Secured creditors
	The hire purchase creditors are secured upon the assets to which they relate.

10.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	238,767		201,072

11.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	72,189	28,764
Total	72,189	28,764

12.	Pension commitments
	The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £Nil (2024 : £1,205) were due to the fund. They are included in other creditors.

13.	Directors advances, credits and guarantees
	Included in amounts due from participating interests is an advance to Mr A F Grigg (Director), interest has been charged on the advance at HM Revenue and Customs approved rate of interest, being 2.25% per annum, the amount advance during the year relates to interest charges in the sum of £6,899 and has been credited to the profit and loss account as income. The advance is repayable on demand.