R G Grant Specialist Welding Limited

Registered number

04594380

Filleted Accounts

30 November 2025

R G Grant Specialist Welding Limited
Registered number:		04594380
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		3,694			18,126

Current assets
Debtors	5	23,326			19,647
Cash at bank and in hand		7,268			4,625
		30,594			24,272

Creditors: amounts falling due within one year	6	(23,686)			(31,953)

Net current assets/(liabilities)			6,908			(7,681)

Total assets less current liabilities			10,602			10,445

Creditors: amounts falling due after more than one year	7		(6,068)			(8,518)

Provisions for liabilities			(924)			(4,532)


Net assets/(liabilities)			3,610			(2,605)

Capital and reserves
Called up share capital			2			2
Profit and loss account			3,608			(2,607)

Shareholders' funds			3,610			(2,605)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr R G Grant
Director
Approved by the board on 18 August 2026

R G Grant Specialist Welding Limited
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Tools and equipment			25% on cost
	Motor Vehicles			25% on cost

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 December 2024							10,000
	At 30 November 2025							10,000

	Amortisation
	At 1 December 2024							10,000
	At 30 November 2025							10,000

	Net book value
	At 30 November 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 December 2024	3,381		27,055		60,028		90,464
	At 30 November 2025	3,381		27,055		60,028		90,464

	Depreciation
	At 1 December 2024	2,500		24,618		45,220		72,338
	Charge for the year	441		1,218		12,773		14,432
	At 30 November 2025	2,941		25,836		57,993		86,770

	Net book value
	At 30 November 2025	440		1,219		2,035		3,694
	At 30 November 2024	881		2,437		14,808		18,126


5	Debtors					2025		2024
£							£

	Trade debtors					13,326		9,647
	Other debtors					10,000		10,000
						23,326		19,647


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					2,812		4,000
	Obligations under finance lease and hire purchase contracts					-		8,847
	Trade creditors					12,262		16,864
	Taxation and social security costs					7,112		992
	Other creditors					1,500		1,250
						23,686		31,953


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		2,955
	Director's loan account					6,068		5,563
						6,068		8,518


8	Other information

	R G Grant Specialist Welding Limited is a private company limited by shares and incorporated in England. Its registered office is:
	28 Orchard Road
	Ebley
	Stroud
	Glos
	GL5 4UA