2 false false false false false false false false false true false false false false false false No description of principal activity 2021-04-01 Sage Accounts Production Advanced 2020 - FRS102_2019 89,172 5,639 15,493 4,235 19,728 12,612 1,779 14,391 5,337 2,881 xbrli:pure xbrli:shares iso4217:GBP 06858323 2021-04-01 2022-03-31 06858323 2022-03-31 06858323 2021-03-31 06858323 2020-04-01 2021-03-31 06858323 2021-03-31 06858323 bus:RegisteredOffice 2021-04-01 2022-03-31 06858323 bus:LeadAgentIfApplicable 2021-04-01 2022-03-31 06858323 bus:Director1 2021-04-01 2022-03-31 06858323 bus:Director2 2021-04-01 2022-03-31 06858323 bus:CompanySecretary1 2021-04-01 2022-03-31 06858323 core:AfterOneYear 2022-03-31 06858323 core:AfterOneYear 2021-03-31 06858323 core:WithinOneYear 2022-03-31 06858323 core:WithinOneYear 2021-03-31 06858323 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 06858323 core:RetainedEarningsAccumulatedLosses 2020-04-01 2021-03-31 06858323 core:RetainedEarningsAccumulatedLosses 2021-03-31 06858323 core:RetainedEarningsAccumulatedLosses 2020-03-31 06858323 core:RetainedEarningsAccumulatedLosses 2022-03-31 06858323 core:RetainedEarningsAccumulatedLosses 2021-03-31 06858323 core:ShareCapital 2022-03-31 06858323 core:ShareCapital 2021-03-31 06858323 bus:SmallEntities 2021-04-01 2022-03-31 06858323 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 06858323 bus:FullAccounts 2021-04-01 2022-03-31 06858323 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 06858323 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 06858323 core:OfficeEquipment 2021-04-01 2022-03-31 06858323 core:OfficeEquipment 2021-03-31 06858323 core:OfficeEquipment 2022-03-31 06858323 core:AllAssociates core:AdministrativeServices 2021-04-01 2022-03-31
COMPANY REGISTRATION NUMBER: 06858323
Grenadier Computing Limited
Unaudited Financial Statements
31 March 2022
Grenadier Computing Limited
Financial Statements
Year ended 31 March 2022
Contents
Page
Officers and professional advisers
1
Directors' report
2
Accountants report to the board of directors on the preparation of the unaudited statutory financial statements
3
Statement of income and retained earnings
4
Statement of financial position
5
Notes to the financial statements
6
Grenadier Computing Limited
Officers and Professional Advisers
The board of directors
Mr G Goodson
Mrs D Goodson
Company secretary
Mr A Demetriou
Registered office
First Floor, Lumiere
Elstree Way
Borehamwood
Hertfordshire
WD6 1JH
Accountants
SRJ Accounting Services Limited
Accountants
1st Floor, Lumiere
Elstree Way
Borehamwood
Herts
WD6 1JH
Grenadier Computing Limited
Directors' Report
Year ended 31 March 2022
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2022 .
Directors
The directors who served the company during the year were as follows:
Mr G Goodson
Mrs D Goodson
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 10 May 2022 and signed on behalf of the board by:
Mr G Goodson
Director
Registered office:
First Floor, Lumiere
Elstree Way
Borehamwood
Hertfordshire
WD6 1JH
Grenadier Computing Limited
Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Grenadier Computing Limited
Year ended 31 March 2022
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2022, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
SRJ Accounting Services Limited Accountants
1st Floor, Lumiere Elstree Way Borehamwood Herts WD6 1JH
10 May 2022
Grenadier Computing Limited
Statement of Income and Retained Earnings
Year ended 31 March 2022
2022
2021
Note
£
£
Turnover
160,312
18,500
Cost of sales
8,515
29
---------
--------
Gross profit
151,797
18,471
Administrative expenses
48,628
39,350
Other operating income
5,312
14,873
---------
--------
Operating profit/(loss)
108,481
( 6,006)
Other interest receivable and similar income
168
367
Interest payable and similar expenses
522
---------
--------
Profit/(loss) before taxation
5
108,127
( 5,639)
Tax on profit/(loss)
18,955
---------
-------
Profit/(loss) for the financial year and total comprehensive income
89,172
( 5,639)
---------
-------
Dividends paid and payable
( 66,000)
( 4,000)
Retained earnings at the start of the year
20,968
30,607
--------
--------
Retained earnings at the end of the year
44,140
20,968
--------
--------
All the activities of the company are from continuing operations.
Grenadier Computing Limited
Statement of Financial Position
31 March 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
6
5,337
2,881
Current assets
Cash at bank and in hand
103,722
47,669
Creditors: amounts falling due within one year
7
40,400
4,482
---------
--------
Net current assets
63,322
43,187
--------
--------
Total assets less current liabilities
68,659
46,068
Creditors: amounts falling due after more than one year
8
24,419
25,000
--------
--------
Net assets
44,240
21,068
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
44,140
20,968
--------
--------
Shareholders funds
44,240
21,068
--------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 May 2022 , and are signed on behalf of the board by:
Mr G Goodson
Director
Company registration number: 06858323
Grenadier Computing Limited
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, Lumiere, Elstree Way, Borehamwood, Hertfordshire, WD6 1JH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2022
2021
£
£
Depreciation of tangible assets
1,779
960
-------
----
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2021
15,493
15,493
Additions
4,235
4,235
--------
--------
At 31 March 2022
19,728
19,728
--------
--------
Depreciation
At 1 April 2021
12,612
12,612
Charge for the year
1,779
1,779
--------
--------
At 31 March 2022
14,391
14,391
--------
--------
Carrying amount
At 31 March 2022
5,337
5,337
--------
--------
At 31 March 2021
2,881
2,881
--------
--------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
20,077
Social security and other taxes
9,199
1,983
Other creditors
11,124
2,499
--------
-------
40,400
4,482
--------
-------
8. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
24,419
25,000
--------
--------
9. Related party transactions
The company was under the control of Mr G Goodson throughout the current and previous year. Mr G Goodson is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting FRS 102 (Section 1A).