REGISTERED NUMBER: 02909421 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Grosvenor Oil Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M I Stephen

G A Allen

G A Mason

A S Draper

A W Adair

C D Burke

REGISTERED OFFICE:

Adamson House

Centenary Way

Salford

M50 1RD

REGISTERED NUMBER:

02909421 (England and Wales)

AUDITORS:

Johnstone Howell & Co

Statutory Auditors

Unit 2

The Oaks

Stanney Mill Lane

Chester

Cheshire

CH2 4HY

FIXED ASSETS

Tangible assets

4

121,944

125,523

CURRENT ASSETS

Stocks

62,025

109,563

Debtors

5

2,080,336

1,671,598

Cash at bank and in hand

547,737

258,653

2,690,098

2,039,814

CREDITORS

Amounts falling due within one year

6

1,599,113

1,603,224

NET CURRENT ASSETS

1,090,985

436,590

TOTAL ASSETS LESS CURRENT LIABILITIES

1,212,929

562,113

PROVISIONS FOR LIABILITIES

53,286

42,898

NET ASSETS

1,159,643

519,215

CAPITAL AND RESERVES

Called up share capital

35,000

35,000

Retained earnings

7

1,124,643

484,215

SHAREHOLDERS' FUNDS

1,159,643

519,215

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 14 May 2026 and were signed on its behalf by:

G A Allen - Director

M I Stephen - Director

1.	STATUTORY INFORMATION

Grosvenor Oil 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.

The company's presentational currency is pounds sterling.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured net of value added tax, rebates and discounts.

Turnover from the sale of goods and services is recognised when the company has delivered those goods and services to the customer.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and at varying rates on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairments. The cost of property, plant and equipment includes any directly attributable incremental costs incurred in its acquisition and installation.

Stocks

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

Cost represents the price payable to the third party suppliers of inventory.

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.

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 8 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

740,379

Additions

51,290

Disposals

(35,973

)

At 31 December 2025

755,696

DEPRECIATION

At 1 January 2025

614,856

Charge for year

47,557

Eliminated on disposal

(28,661

)

At 31 December 2025

633,752

NET BOOK VALUE

At 31 December 2025

121,944

At 31 December 2024

125,523

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

634,782

749,678

Amounts owed by group undertakings

1,123,844

835,129

Other debtors

321,710

86,791

2,080,336

1,671,598

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

382,114

280,070

Amounts owed to group undertakings

893,817

1,042,204

Taxation and social security

227,410

195,142

Other creditors

95,772

85,808

1,599,113

1,603,224

7.

RESERVES

Retained

earnings

£

At 1 January 2025

484,215

Profit for the year

747,041

Dividends

(106,613

)

At 31 December 2025

1,124,643

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Bagnall FCA (Senior Statutory Auditor)

for and on behalf of Johnstone Howell & Co

9.	OTHER FINANCIAL COMMITMENTS

There is an unlimited bilateral bank guarantee given by the company and Grosvenor Power Services Limited.

There are fixed and floating charges over the undertaking and all property and assets present and future.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemptions available under Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE PARENT COMPANY

Throughout the reporting period the ultimate parent undertaking, for the largest and smallest group for which the group accounts are prepared, was Grosvenor Power Group Holdings Limited.

On 31 December 2025 Morson Holdings Limited, registered in England and Wales, acquired the entire issued share capital of Grosvenor Power Group Holdings Limited.