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REGISTERED NUMBER: 11117508 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

GRANDESCO LIMITED

GRANDESCO LIMITED (REGISTERED NUMBER: 11117508)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GRANDESCO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mrs S A Reynolds
G R Harris





REGISTERED OFFICE: 10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ





REGISTERED NUMBER: 11117508 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ

GRANDESCO LIMITED (REGISTERED NUMBER: 11117508)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 483 1,202

CURRENT ASSETS
Debtors 5 19,485 27,558
Cash at bank 32,396 45,730
51,881 73,288
CREDITORS
Amounts falling due within one year 6 33,432 33,443
NET CURRENT ASSETS 18,449 39,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,932

41,047

CREDITORS
Amounts falling due after more than one
year

7

17,951

25,000
NET ASSETS 981 16,047

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 971 16,037
SHAREHOLDERS' FUNDS 981 16,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GRANDESCO LIMITED (REGISTERED NUMBER: 11117508)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:





G R Harris - Director


GRANDESCO LIMITED (REGISTERED NUMBER: 11117508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Grandesco Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 3,110
DEPRECIATION
At 1 January 2021 1,908
Charge for year 719
At 31 December 2021 2,627
NET BOOK VALUE
At 31 December 2021 483
At 31 December 2020 1,202

GRANDESCO LIMITED (REGISTERED NUMBER: 11117508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 17,404 25,511
Other debtors 2,081 2,047
19,485 27,558

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 4,699 -
Trade creditors 2,695 3,369
Taxation and social security 8,311 17,972
Other creditors 17,727 12,102
33,432 33,443

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 17,951 25,000