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REGISTERED NUMBER: 02786951 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

GRANDFLAME LIMITED

GRANDFLAME LIMITED (REGISTERED NUMBER: 02786951)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GRANDFLAME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







Directors: T J Surridge
J Surridge
P A Surridge



Secretary: J Surridge



Registered office: Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ



Registered number: 02786951 (England and Wales)



Accountants: Baverstocks Limited
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ



Bankers: Barclays Bank Plc
22-24 Upper Marlborough Road
St Albans
Hertfordshire
AL1 3AL

GRANDFLAME LIMITED (REGISTERED NUMBER: 02786951)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 10,000 10,000
Tangible assets 5 26,655 51,218
Investments 6 40,000 40,000
76,655 101,218

Current assets
Debtors 3,209,220 2,135,829
Cash at bank 313,891 877,253
3,523,111 3,013,082
Creditors
Amounts falling due within one year 458,071 191,143
Net current assets 3,065,040 2,821,939
Total assets less current liabilities 3,141,695 2,923,157

Capital and reserves
Called up share capital 300 300
Retained earnings 3,141,395 2,922,857
Shareholders' funds 3,141,695 2,923,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

GRANDFLAME LIMITED (REGISTERED NUMBER: 02786951)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





T J Surridge - Director


GRANDFLAME LIMITED (REGISTERED NUMBER: 02786951)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. Statutory information

Grandflame 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and Licences are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets
Amortisation is provided on a straight line basis over 10 years, after taking into account the anticipated residual value of the intangible asset which is based upon the Directors opinion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to Property - 10% on cost
Motor Vehicles - 25% on cost
Office Equipment - 33% on cost

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 6 (2022 - 6 ) .

4. Intangible fixed assets
Totals
£   
Cost
At 1 November 2022
and 31 October 2023 10,000
Net book value

At 31 October 2023 10,000
At 31 October 2022 10,000

GRANDFLAME LIMITED (REGISTERED NUMBER: 02786951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. Tangible fixed assets
Totals
£   
Cost
At 1 November 2022 146,103
Additions 2,289
At 31 October 2023 148,392
Depreciation
At 1 November 2022 94,885
Charge for year 26,852
At 31 October 2023 121,737
Net book value
At 31 October 2023 26,655
At 31 October 2022 51,218

6. Fixed asset investments

Information on investments other than loans is as follows:
Totals
£   
Cost
At 1 November 2022
and 31 October 2023 40,000
Net book value
At 31 October 2023 40,000
At 31 October 2022 40,000

7. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
J Surridge
Balance outstanding at start of year 19,766 2,736
Amounts advanced 905,006 205,215
Amounts repaid (122,350 ) (188,185 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 802,422 19,766