GRS Trade Centre Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC499205

GRS Trade Centre Ltd.

Filleted Unaudited Financial Statements

31 March 2025

GRS Trade Centre Ltd.

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	27,000	28,500
Tangible assets	6	196,934	213,321
		---------	---------
		223,934	241,821

Current assets

Stocks		62,654	60,332
Debtors	7	69,020	16,859
Cash at bank and in hand		–	4,498
		---------	--------
		131,674	81,689

Creditors: amounts falling due within one year	8	163,550		92,956
		---------		--------
Net current liabilities			31,876	11,267
			---------	---------
Total assets less current liabilities			192,058	230,554

Creditors: amounts falling due after more than one year	9	116,696	131,260
		---------	---------
Net assets		75,362	99,294
		---------	---------

Capital and reserves

Called up share capital	4	4
Profit and loss account	75,358	99,290
	--------	--------
Shareholders funds	75,362	99,294
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GRS Trade Centre Ltd.

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr R Gordon
Director

Company registration number: SC499205

GRS Trade Centre Ltd.

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 13 Old Tweedmill, Soroba Road, Oban, Argyll, PA34 4HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents current tax

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill on business acquisition	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	2% straight line
Motor vehicles	-	20% reducing balance
Equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	30,000
	--------
Amortisation
At 1 April 2024	1,500
Charge for the year	1,500
	--------
At 31 March 2025	3,000
	--------
Carrying amount
At 31 March 2025	27,000
	--------
At 31 March 2024	28,500
	--------

6. Tangible assets

	Land and buildings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	202,420	47,055	7,569	257,044
Disposals	–	( 25,807)	–	( 25,807)
	---------	--------	-------	---------
At 31 March 2025	202,420	21,248	7,569	231,237
	---------	--------	-------	---------
Depreciation
At 1 April 2024	6,747	32,182	4,794	43,723
Charge for the year	4,049	772	555	5,376
Disposals	–	( 14,796)	–	( 14,796)
	---------	--------	-------	---------
At 31 March 2025	10,796	18,158	5,349	34,303
	---------	--------	-------	---------
Carrying amount
At 31 March 2025	191,624	3,090	2,220	196,934
	---------	--------	-------	---------
At 31 March 2024	195,673	14,873	2,775	213,321
	---------	--------	-------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	31,086	16,859
Other debtors	37,934	–
	--------	--------
	69,020	16,859
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	19,295	12,994
Trade creditors	113,757	50,964
Corporation tax	17,629	8,770
Social security and other taxes	8,556	9,071
Obligations under finance leases and hire purchase contracts	–	2,640
Director loan accounts	–	5,900
Accruals	4,313	2,617
	---------	--------
	163,550	92,956
	---------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	116,696	131,260
	---------	---------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr R Gordon	–	3,100	3,100
	----	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr R Gordon	–	–	–
	----	----	----

11. Related party transactions

Included within debtors is £34,834 due to the company from Gordon & Strathern Ltd, a company under common control. There are no fixed repayment terms for this loan which is interest-free.