REGISTERED NUMBER: 03110723 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

GRANT SERVICES LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

U B V Rees

B J Rees

S R G Tidder

SECRETARY:

S R G Tidder

REGISTERED OFFICE:

Unit 4 Brookside

Colne Way Industrial Estate

Watford

Hertfordshire

WD24 7QJ

REGISTERED NUMBER:

03110723 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of distribution and servicing of industrial and domestic vacuum cleaners and ancilliary equipment.

DIRECTORS

The directors during the year under review were:

U B V Rees

B J Rees

S R G Tidder

The beneficial interests of the directors holding office on 31 March 2025 in the issued share capital of the company were as follows:

31.3.25

1.4.24

Ordinary £1 shares

U B V Rees

-

-

B J Rees

40

50

S R G Tidder

50

50

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

B J Rees - Director

22 December 2025

FIXED ASSETS

Tangible assets

4

488,083

351,767

CURRENT ASSETS

Stocks

991,680

907,784

Debtors

5

783,676

794,027

Cash at bank and in hand

39,541

2,281

1,814,897

1,704,092

CREDITORS

Amounts falling due within one year

6

1,498,382

1,512,898

NET CURRENT ASSETS

316,515

191,194

TOTAL ASSETS LESS CURRENT LIABILITIES

804,598

542,961

CREDITORS

Amounts falling due after more than one year

7

(626,623

)

(354,628

)

PROVISIONS FOR LIABILITIES

(64,544

)

(52,282

)

NET ASSETS

113,431

136,051

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

114,096

-

Retained earnings

(765

)

135,951

SHAREHOLDERS' FUNDS

113,431

136,051

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

B J Rees - Director

1.	STATUTORY INFORMATION

Grant Services 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.

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.

The directors have concluded that the company is and remains a going concern based on extra funding secured and the forecast of business moving forward.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets

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

Land and buildings

-

Straight line over the lease period

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 15% - 75% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 or deferred taxation assets and liabilities are not discounted.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 27 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

255,277

612,037

867,314

Additions

-

35,025

35,025

Disposals

-

(50,723

)

(50,723

)

Revaluations

-

140,859

140,859

At 31 March 2025

255,277

737,198

992,475

DEPRECIATION

At 1 April 2024

250,538

265,009

515,547

Charge for year

4,739

33,976

38,715

Eliminated on disposal

-

(49,870

)

(49,870

)

At 31 March 2025

255,277

249,115

504,392

NET BOOK VALUE

At 31 March 2025

-

488,083

488,083

At 31 March 2024

4,739

347,028

351,767

All groups of assets are revalued at the end of each year by the directors, at fair value.

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2025

-

140,859

140,859

Cost

255,277

596,339

851,616

255,277

737,198

992,475

All groups of assets are revalued at the end of each year by the directors, at fair value.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

702,027

743,441

Other debtors

81,649

50,586

783,676

794,027

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

572,557

500,549

Trade creditors

569,400

570,043

Taxation and social security

337,629

395,302

Other creditors

18,796

47,004

1,498,382

1,512,898

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

626,623

354,628

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

449,239

382,605

Bank loans

251,200

341,831

Hire Purchase

213,486

130,741

913,925

855,177

The overdraft (Invoice discounters advance) is secured against the debtors.

The bank overdraft and loan accounts are secured by bank debenture and some loan elements are also secured by personal guarantee of B Rees and S Tidder.

During the previous year, the company sold assets and re purchased them via a hire purchase, which is secured on the assets.

9.

RESERVES

Revaluation

reserve

£

Transfer between reserves

114,096

At 31 March 2025

114,096

All tangible fixed assets have been revalued at fair value by the directors, which is the reaon for the revaluation reserve..

10.	CONTROLLING PARTY

The company is controlled by S Tidder who owns 50% of the shares and B Rees who owns 40% of the shares.