E A Grey Construction and Plant Hire Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

(Registration number: 09428849)
Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	5,900	45,013
Current assets
Debtors	5	112,602	68,686
Creditors: Amounts falling due within one year	6	(108,255)	(85,350)
Net current assets/(liabilities)		4,347	(16,664)
Total assets less current liabilities		10,247	28,349
Creditors: Amounts falling due after more than one year	6	(7,427)	(21,834)
Provisions for liabilities		(1,121)	(8,552)
Net assets/(liabilities)		1,699	(2,037)
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,698	(2,038)
Shareholders' funds/(deficit)		1,699	(2,037)

E A Grey Construction and Plant Hire Limited

(Registration number: 09428849)
Statement of Financial Position as at 31 January 2026 (continued)

For the financial period ending 31 January 2026 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 accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 16 July 2026

Mr E A Grey
Director

E A Grey Construction and Plant Hire Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of construction and plant hire.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

E A Grey Construction and Plant Hire Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 January 2026 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line
Computer equipment	25% straight line

E A Grey Construction and Plant Hire Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 January 2026 (continued)

2	Accounting policies (continued)

Motor vehicles

25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

E A Grey Construction and Plant Hire Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 January 2026 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3 (2025 - 3).

E A Grey Construction and Plant Hire Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 January 2026 (continued)

4	Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
£

Total
£

Cost or valuation

At 1 March 2025

4,038

41,643

73,951

119,632

Disposals

-

(30,484)

(40,594)

(71,078)

At 31 January 2026

4,038

11,159

33,357

48,554

Depreciation

At 1 March 2025

3,240

23,339

48,040

74,619

Charge for the period

472

1,986

4,499

6,957

Eliminated on disposal

-

(15,242)

(23,680)

(38,922)

At 31 January 2026

3,712

10,083

28,859

42,654

Carrying amount

At 31 January 2026

326

1,076

4,498

5,900

At 28 February 2025

798

18,304

25,911

45,013

5

Debtors

2026
£

2025
£

Trade debtors

-

22,388

Other debtors

112,602

46,298

112,602

68,686

E A Grey Construction and Plant Hire Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 January 2026 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	50,140	44,949
Trade creditors		15,686	13,680
Taxation and social security		37,742	22,160
Accruals and deferred income		3,242	4,030
Other creditors		1,445	531
		108,255	85,350

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	7,427	21,834

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

E A Grey Construction and Plant Hire Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 January 2026 (continued)

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £

Bank borrowings	-	4,270
Other borrowings	7,427	17,564
	7,427	21,834

Current loans and borrowings

	2026 £	2025 £

Bank borrowings	4,259	10,000
Bank overdrafts	14,271	18,056
Other borrowings	31,610	16,893
	50,140	44,949

Bank borrowings

The bounce bank loan is secured by a government guarantee.

E A Grey Construction and Plant Hire Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 31 January 2026 (continued)

9	Related party transactions

Transactions with the director

2026	At 1 March 2025 £	Advances to director £	Repayments by director £	Other payments made to company by director £	At 31 January 2026 £
Mr E A Grey
	36,881	102,057	(57,531)	1,768	83,175

2025

At 1 March 2024
£

Advances to director
£

Repayments by director
£

At 28 February 2025
£

Mr E A Grey

(9,955)

158,695

(111,859)

36,881

Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.

	Fixtures and fittings £	Plant and machinery £	Motor vehicles £	Total £
Cost or valuation
At 1 March 2025	4,038	41,643	73,951	119,632
Disposals	-	(30,484)	(40,594)	(71,078)
At 31 January 2026	4,038	11,159	33,357	48,554
Depreciation
At 1 March 2025	3,240	23,339	48,040	74,619
Charge for the period	472	1,986	4,499	6,957
Eliminated on disposal	-	(15,242)	(23,680)	(38,922)
At 31 January 2026	3,712	10,083	28,859	42,654
Carrying amount
At 31 January 2026	326	1,076	4,498	5,900
At 28 February 2025	798	18,304	25,911	45,013

	2026 £	2025 £
Trade debtors	-	22,388
Other debtors	112,602	46,298
	112,602	68,686

2025	At 1 March 2024 £	Advances to director £	Repayments by director £	At 28 February 2025 £
Mr E A Grey
	(9,955)	158,695	(111,859)	36,881