GRIDSOURCE LIMITED


Directors	CLARK, Lisa Clare
	GAY, Gary Alvin
	GAY, Steven Phillip


Company Secretary	MILLER, Jacqueline


Registered Address	Haywards Room Henlow Bridge Lakes
	Bridge End Road
	Henlow
	SG16 6DD


Registered Number	09633536 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets			14,302		19,064
			14,302		19,064
Current assets
Stocks	3	88,378		87,843
Debtors	4	31,489		23,329
Cash at bank and on hand		45,060		72,147
		164,927		183,319
Creditors amounts falling due within one year	5	(89,752)		(98,251)
Net current assets (liabilities)			75,175		85,068
Total assets less current liabilities			89,477		104,132
Creditors amounts falling due after one year	6		(603,225)		(471,725)
Net assets			(513,748)		(367,593)
Capital and reserves
Called up share capital			79		79
Other reserves			21		21
Profit and loss account			(513,848)		(367,693)
Shareholders' funds			(513,748)		(367,593)

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 Directors acknowledge 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 financial statements were approved and authorised for issue by the Board of Directors on 19 May 2026, and are signed on its behalf by:

GAY, Gary Alvin
Director
Registered Company No. 09633536

GRIDSOURCE LIMITED

Notes to the Financial Statements
for the year ended 31 December 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 is 09633536. The registered office address is Haywards Room, Henlow Bridge Lakes, Bridge End Road, Henlow, SG16 6DD.

	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.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the 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
	The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Employee benefits

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

	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:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	10
Office Equipment	25	-

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

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	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.

	Financial instruments
	The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees
	The average monthly number of employees, including directors, during the year was 10 (2023 - 10)


		2025		2024
	Average number of employees during the year	10		10

3.	Stocks

	2025	2024
	£	£
Work in progress	88,378	87,843
Total	88,378	87,843

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	11,310	2,021
Other debtors	4,900	4,900
Prepayments and accrued income	15,279	16,408
Total	31,489	23,329

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	204	19,549
Bank borrowings and overdrafts	508	2,318
Taxation and social security	52,669	32,911
Other creditors	-	4,171
Accrued liabilities and deferred income	36,371	39,302
Total	89,752	98,251


	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.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	603,225	471,725
Total	603,225	471,725