REGISTERED NUMBER: 04376791 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Grade 1 Hire & Sales Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

79,409

105,524

CURRENT ASSETS

Stocks

151,262

163,993

Debtors

5

204,832

185,665

Cash at bank

7

7,924

356,101

357,582

CREDITORS

Amounts falling due within one year

6

308,102

228,636

NET CURRENT ASSETS

47,999

128,946

TOTAL ASSETS LESS CURRENT LIABILITIES

127,408

234,470

CREDITORS

Amounts falling due after more than one year

7

(83,272

)

(115,729

)

PROVISIONS FOR LIABILITIES

(17,242

)

(23,198

)

NET ASSETS

26,894

95,543

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

26,794

95,443

SHAREHOLDERS' FUNDS

26,894

95,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2026 and were signed by:

Mr C D Playle - Director

1.	STATUTORY INFORMATION

Grade 1 Hire & Sales Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04376791

Registered office:

Unit 2 & 3

Agecroft Trading Estate

Langley Road

Salford

M6 6JD

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

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.

Fixtures, fittings, and office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Scaffolding

-

10% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 6 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings,

and

office

Motor

equipment

vehicles

Scaffolding

Totals

£

£

£

£

COST

At 1 February 2025

18,542

196,037

140,378

354,957

Additions

868

-

-

868

Disposals

(3,648

)

-

-

(3,648

)

At 31 January 2026

15,762

196,037

140,378

352,177

DEPRECIATION

At 1 February 2025

13,543

95,512

140,378

249,433

Charge for year

707

25,132

-

25,839

Eliminated on disposal

(2,504

)

-

-

(2,504

)

At 31 January 2026

11,746

120,644

140,378

272,768

NET BOOK VALUE

At 31 January 2026

4,016

75,393

-

79,409

At 31 January 2025

4,999

100,525

-

105,524

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

Motor

vehicles

£

COST

At 1 February 2025

127,937

Transfer to ownership

(53,052

)

At 31 January 2026

74,885

DEPRECIATION

At 1 February 2025

32,196

Charge for year

23,936

Transfer to ownership

(32,536

)

At 31 January 2026

23,596

NET BOOK VALUE

At 31 January 2026

51,289

At 31 January 2025

95,741

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

153,297

136,197

Amounts owed by group undertakings

35,401

35,401

Other debtors

16,134

14,067

204,832

185,665

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

42,823

71,415

Hire purchase contracts

14,349

24,380

Trade creditors

138,786

53,167

Taxation and social security

21,412

9,054

Other creditors

90,732

70,620

308,102

228,636

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

47,528

65,646

Hire purchase contracts

35,744

50,083

83,272

115,729

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

50,093

74,463

Hire Purchase contracts are secured against the asset to which they relate.

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £290,000 (2025 - £40,792). This financial commitment represents the total amount of payments remaining on a lease ending in 2030..

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Grade 1 Holdings LImited.

The ultimate controlling party is C D Playle and Mrs J Playle.