ACCOUNTS - Final Accounts preparation

Company registration number 05332903

	UNAUDITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	GROSVENOR PLASTERING SERVICES LIMITED


GROSVENOR PLASTERING SERVICES LIMITED

COMPANY INFORMATION

Directors	N. Curling
	J. Curling


Registered number	05332903


Registered office	46 Fortescue Road
	Weybridge
	Surrey
	KT13 8XG


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


GROSVENOR PLASTERING SERVICES LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


GROSVENOR PLASTERING SERVICES LIMITED REGISTERED NUMBER:05332903

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		38,462		51,283
Current assets
Debtors: amounts falling due within one year	5	429,015		595,599
Cash at bank and in hand		218,788		117,203
		647,803		712,802
Creditors: amounts falling due within one year	6	(212,964)		(249,670)
Net current assets			434,839		463,132
Total assets less current liabilities			473,301		514,415
Provisions for liabilities
Deferred tax		(9,616)		(12,821)
			(9,616)		(12,821)
Net assets			463,685		501,594

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Profit and loss account	463,585	501,494
	463,685	501,594

Page 1


GROSVENOR PLASTERING SERVICES LIMITED REGISTERED NUMBER:05332903

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

J. Curling

Director

Date: 16 November 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


GROSVENOR PLASTERING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Grosvenor Plastering Services Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue consists of amounts invoiced in respect of plastering service, and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles	-	25%	reducing balance
Fixtures and fittings	-	25%	reducing balance
Equipment	-	25%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Page 3


GROSVENOR PLASTERING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4


GROSVENOR PLASTERING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	82,460	12,936	3,221	98,617
At 31 March 2025	82,460	12,936	3,221	98,617
Depreciation
At 1 April 2024	37,760	7,203	2,371	47,334
Charge for the year	11,175	1,434	212	12,821
At 31 March 2025	48,935	8,637	2,583	60,155
Net book value
At 31 March 2025	33,525	4,299	638	38,462
At 31 March 2024	44,700	5,733	850	51,283

Debtors

					2025	2024
					£	£


Trade debtors	239,481	355,738
Other debtors	189,534	239,861
	429,015	595,599

Page 5


GROSVENOR PLASTERING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	1,249	-
Trade creditors	110,078	116,473
Corporation tax	51,189	56,131
Other taxation and social security	10,574	26,465
Other creditors	19,612	30,339
Accruals and deferred income	20,262	20,262
	212,964	249,670

7.	Transactions with directors
	Included within other debtors are the following transactions with the directors.

		2025	2024
		£	£

Balance outstanding at start of year	176,672	153,808
Amounts advanced	164,271	180,142
Amounts repaid	(182,278)	(157,278)
	158,665	176,672

Interest has been charged on this loan in the year of £1,985 (2024: £4,064) at a rate of 2.25% on balances owed to the Company.

Page 6