REGISTERED NUMBER: 00576097 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ISAAC H. GRAINGER & SON LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr I Grainger

Mr R Grainger

SECRETARY:

Mr R Grainger

REGISTERED OFFICE:

Century Works, 8 Gawne Lane

Cradley Heath

West Midlands

B64 5QY

REGISTERED NUMBER:

00576097 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Isaac H. Grainger & Son Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Isaac H. Grainger & Son Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Isaac H. Grainger & Son Limited and state those matters that we have agreed to state to the Board of Directors of Isaac H. Grainger & Son Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Isaac H. Grainger & Son Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Isaac H. Grainger & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Isaac H. Grainger & Son Limited. You consider that Isaac H. Grainger & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Isaac H. Grainger & Son Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

25 August 2026

FIXED ASSETS

Intangible assets

4

20,208

16,234

Tangible assets

5

780,711

900,921

Investments

6

2,930

2,930

803,849

920,085

CURRENT ASSETS

Stocks

1,285,069

1,645,536

Debtors

7

1,379,638

1,416,142

Cash at bank and in hand

125,570

332

2,790,277

3,062,010

CREDITORS

Amounts falling due within one year

8

1,949,039

1,850,138

NET CURRENT ASSETS

841,238

1,211,872

TOTAL ASSETS LESS CURRENT LIABILITIES

1,645,087

2,131,957

CREDITORS

Amounts falling due after more than one year

9

(44,068

)

(275,124

)

PROVISIONS FOR LIABILITIES

(192,160

)

(225,177

)

NET ASSETS

1,408,859

1,631,656

CAPITAL AND RESERVES

Called up share capital

60,000

60,000

Retained earnings

1,348,859

1,571,656

SHAREHOLDERS' FUNDS

1,408,859

1,631,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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 25 August 2026 and were signed on its behalf by:

Mr I Grainger - Director

1.	STATUTORY INFORMATION

Isaac H. Grainger & Son 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 48 (2024 - 57 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

74,618

Additions

12,706

At 31 December 2025

87,324

AMORTISATION

At 1 January 2025

58,384

Amortisation for year

8,732

At 31 December 2025

67,116

NET BOOK VALUE

At 31 December 2025

20,208

At 31 December 2024

16,234

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

379,209

1,473,118

210,517

207,788

2,270,632

Additions

-

14,245

9,819

1,896

25,960

At 31 December 2025

379,209

1,487,363

220,336

209,684

2,296,592

DEPRECIATION

At 1 January 2025

119,881

993,604

138,359

117,867

1,369,711

Charge for year

38,899

72,971

11,543

22,757

146,170

At 31 December 2025

158,780

1,066,575

149,902

140,624

1,515,881

NET BOOK VALUE

At 31 December 2025

220,429

420,788

70,434

69,060

780,711

At 31 December 2024

259,328

479,514

72,158

89,921

900,921

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

35,500

104,803

140,303

DEPRECIATION

At 1 January 2025

13,699

30,821

44,520

Charge for year

3,270

18,496

21,766

At 31 December 2025

16,969

49,317

66,286

NET BOOK VALUE

At 31 December 2025

18,531

55,486

74,017

At 31 December 2024

21,801

73,982

95,783

6.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 January 2025

and 31 December 2025

2,930

NET BOOK VALUE

At 31 December 2025

2,930

At 31 December 2024

2,930

The company has a 50% interest in a joint venture, Raised Access Flooring Tabulatum SL, a company registered in Spain.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,146,733

1,201,221

Other debtors

232,905

214,921

1,379,638

1,416,142

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

364,851

Hire purchase contracts (see note 10)

19,074

22,987

Trade creditors

898,661

873,218

Amounts owed to associates

253,204

197,204

Taxation and social security

182,402

183,406

Other creditors

595,698

208,472

1,949,039

1,850,138

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

44,068

63,152

Other creditors

-

211,972

44,068

275,124

Included in other creditors is £Nil (2024: £336,677) relating to the pension scheme loans which have now been repaid in 2025. These loans bear interest at a fixed rate of 4% and 9.84%.

The pension scheme loans are all granted by Isaac H Grainger & Son Limited Retirement Benefit Scheme and are secured by a fixed and floating charge on any assets owned by the Company.

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

22,763

27,928

Between one and five years

48,410

71,183

71,173

99,111

Finance charges repayable:

Within one year

3,689

4,941

Between one and five years

4,342

8,031

8,031

12,972

Net obligations repayable:

Within one year

19,074

22,987

Between one and five years

44,068

63,152

63,142

86,139

Non-cancellable

operating leases

2025

2024

£

£

Within one year

99,988

99,988

Between one and five years

360,058

395,046

In more than five years

130,000

195,000

590,046

690,034

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

SME Invoice Finance Limited

144,171

-

SME Invoice Finance Limited holds a fixed and floating charge over the assets of the company, in relation to invoice discounting.

12.	RELATED PARTY DISCLOSURES

The following balances in connection with related parties are shown within debtors due within one year as a component of other debtors:

A £100,000 (2024: £100,000) loan due from Grainger Investments Limited, a company in which Messrs I Grainger and R Grainger are both directors and shareholders. The loan is interest free, unsecured and repayable on demand.

A £Nil (2024: £4,914) loan due from Mahseer Product Private Limited, an Indian company in which Grainger Investments Limited is a shareholder. The loan is interest free, unsecured and repayable on demand.

Included in other creditors is a loan of £253,204 (2024: £197,204) due to a connected company, this is unsecured and repayable on demand. Interest of £13,600 has been paid during the year.

During the year the company made purchases of £278,485 (2024: £374,124) from Mahseer Product Private Limited, a connected company. At the year end £Nil (2024: £Nil) was due to Mahseer Product Private Limited.

During the year the company made purchases of £180,530 (2024: £176,708) from Darkbridge Limited, a connected company. At the year end £Nil (2024: £Nil) was due to Darkbridge.