Company Registration No. 13620417 (England and Wales)
GRS Northeast Ltd
Unaudited accounts
for the year ended 31 March 2026
GRS Northeast Ltd
Unaudited accounts
Contents
GRS Northeast Ltd
Company Information
for the year ended 31 March 2026
Company Number
13620417 (England and Wales)
Registered Office
Whitfield House
Meadowfield Industrial Estate
St Johns Road
Durham
DH7 8XL
Accountants
Accountants For The Trade (Durham) Ltd
Whitfield House
St Johns Road
Meadowfield Industrial Estate
Durham
DH7 8XL
GRS Northeast Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
200,158
192,365
Cash at bank and in hand
76,328
29,494
Creditors: amounts falling due within one year
(406,647)
(281,168)
Net current assets
117,271
155,754
Total assets less current liabilities
317,429
348,119
Creditors: amounts falling due after more than one year
(128,089)
(64,310)
Provisions for liabilities
Deferred tax
(29,347)
(35,780)
Net assets
159,993
248,029
Called up share capital
3
3
Profit and loss account
159,990
248,026
Shareholders' funds
159,993
248,029
For the year ending 31 March 2026 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2026 and were signed on its behalf by
Mr G Livingstone
Director
Company Registration No. 13620417
GRS Northeast Ltd
Notes to the Accounts
for the year ended 31 March 2026
GRS Northeast Ltd is a private company, limited by shares, registered in England and Wales, registration number 13620417. The registered office is Whitfield House , Meadowfield Industrial Estate , St Johns Road , Durham, DH7 8XL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
GRS Northeast Ltd
Notes to the Accounts
for the year ended 31 March 2026
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
62,567
193,671
6,198
3,257
265,693
Additions
10,981
60,985
-
-
71,966
Disposals
-
(25,443)
-
-
(25,443)
At 31 March 2026
73,548
229,213
6,198
3,257
312,216
At 1 April 2025
11,390
59,479
1,430
1,029
73,328
Charge for the year
11,160
40,408
953
446
52,967
On disposals
-
(14,237)
-
-
(14,237)
At 31 March 2026
22,550
85,650
2,383
1,475
112,058
At 31 March 2026
50,998
143,563
3,815
1,782
200,158
At 31 March 2025
51,177
134,192
4,768
2,228
192,365
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
21,181
26,477
- Motor vehicles
113,997
81,652
Amounts falling due within one year
Trade debtors
218,901
186,598
Accrued income and prepayments
580
1,537
Other debtors
208,341
201,310
GRS Northeast Ltd
Notes to the Accounts
for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
79,342
34,764
Obligations under finance leases and hire purchase contracts
36,246
29,467
Trade creditors
67,641
69,289
Taxes and social security
173,421
122,866
Other creditors
49,611
24,782
Loans from directors
386
-
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
55,948
53,241
8
Deferred taxation
2026
2025
Accelerated capital allowances
29,347
35,780
Provision at start of year
35,780
23,405
(Credited)/charged to the profit and loss account
(6,433)
12,375
Provision at end of year
29,347
35,780
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
60,175
152,635
213,196
(386)
60,175
152,635
213,196
(386)
10
Average number of employees
During the year the average number of employees was 18 (2025: 19).