| Registered Number:SC450251 |
For the year ended 31 October 2025
Scotland
Unaudited Financial Statements
For the year ended 31 October 2025
Granfab Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Granfab Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
89,942
96,912
2
89,942
96,912
1,596
1,374
3
| Trade and other receivables |
275,359
415,600
4
481,976
| Cash and cash equivalents |
636,336
1,053,310
758,931
| Trade and other payables: amounts falling due within one year |
(323,255)
(362,915)
5
435,676
690,395
Net current assets
| Total assets less current liabilities |
780,337
532,588
780,337
Net assets
532,588
780,337
532,588
780,337
532,588
Shareholders' funds
| For the year ended 31 October 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 13 July 2026 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 October 2025
Granfab Limited
Notes to the Financial Statements
Statutory Information
| Granfab Limited is a private limited company, limited by shares, domiciled in Scotland, registration number SC450251. |
Grangmouth Road
Bo'Ness
EH51 0PZ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
| 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The |
| financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 31 October 2025
Granfab Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
187,169
190
3,345
126,783
56,851
19,591
-
465
-
19,126
126,783
3,810
190
206,760
75,977
| Provision for depreciation and impairment |
90,257
189
1,768
59,548
28,752
Charge for year
26,561
-
307
16,809
9,445
116,818
189
2,075
76,357
38,197
37,780
50,426
1,735
1
89,942
28,099
67,235
1,577
1
96,912
2024
2025
1,374
1,596
| 4. Trade and other receivables |
2024
2025
414,560
274,319
1,040
1,040
275,359
415,600
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
124,900
117,133
| Taxation and social security |
237,066
203,528
949
2,594
362,915
323,255
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For the year ended 31 October 2025
Granfab Limited
Notes to the Financial Statements Continued
| 6. Average number of persons employed |
During the year the average number of employees was 11 (2024 : 11)
4 of 4