1 August 2022 false No description of principal activity Taxfiler 2023.10.1 12096299business:PrivateLimitedCompanyLtd2022-08-012023-07-31 120962992022-07-31 120962992022-08-012023-07-31 12096299business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 12096299business:FilletedAccounts2022-08-012023-07-31 120962992023-07-31 12096299business:Director12022-08-012023-07-31 12096299business:RegisteredOffice2022-08-012023-07-31 120962992022-07-31 12096299core:WithinOneYear2023-07-31 12096299core:WithinOneYear2022-07-31 12096299core:AfterOneYear2023-07-31 12096299core:AfterOneYear2022-07-31 12096299core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12096299core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12096299core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12096299core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12096299core:PreviouslyStatedAmount2023-07-31 12096299core:PreviouslyStatedAmount2022-07-31 12096299business:SmallEntities2022-08-012023-07-31 12096299countries:EnglandWales2022-08-012023-07-31 12096299core:PlantMachinery2022-08-012023-07-31 12096299core:PlantMachinery2022-07-31 12096299core:PlantMachinery2023-07-31 12096299business:OrdinaryShareClass12022-08-012023-07-31 12096299business:OrdinaryShareClass12021-08-012022-07-31 120962992021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12096299 (England and Wales)
GRAND TRADE LTD Unaudited accounts for the year ended 31 July 2023
GRAND TRADE LTD Unaudited accounts Contents
Page
- 2 -
GRAND TRADE LTD Company Information for the year ended 31 July 2023
Director
NERIJUS DOVYDAITIS
Company Number
12096299 (England and Wales)
Registered Office
Unit 2 Tulketh Industrial Estate Manchester M40 9LY
- 3 -
GRAND TRADE LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,435 
- 
Current assets
Inventories
186,328 
212,484 
Debtors
2,488 
22,995 
Cash at bank and in hand
38,126 
22,769 
226,942 
258,248 
Creditors: amounts falling due within one year
(28,593)
(57,971)
Net current assets
198,349 
200,277 
Total assets less current liabilities
201,784 
200,277 
Creditors: amounts falling due after more than one year
(109,734)
(75,416)
Net assets
92,050 
124,861 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
91,950 
124,761 
Shareholders' funds
92,050 
124,861 
For the year ending 31 July 2023 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 21 November 2023 and were signed on its behalf by
NERIJUS DOVYDAITIS Director Company Registration No. 12096299
- 4 -
GRAND TRADE LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
GRAND TRADE LTD is a private company, limited by shares, registered in England and Wales, registration number 12096299. The registered office is Unit 2 , Tulketh Industrial Estate, Manchester, M40 9LY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
Straight line 20%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
- 
Additions
3,817 
At 31 July 2023
3,817 
Depreciation
Charge for the year
382 
At 31 July 2023
382 
Net book value
At 31 July 2023
3,435 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,380 
22,995 
Other debtors
108 
- 
2,488 
22,995 
- 5 -
GRAND TRADE LTD Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,960 
10,991 
Trade creditors
15,983 
32,752 
Taxes and social security
- 
14,128 
Deferred income
650 
100 
28,593 
57,971 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,980 
38,866 
Other creditors
46,204 
- 
Loans from directors
35,550 
36,550 
109,734 
75,416 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 3 (2022: 4).
- 6 -