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REGISTERED NUMBER: 11356524 (England and Wales)














FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2022 TO 30 NOVEMBER 2023

FOR

GRD RETAIL LTD

GRD RETAIL LTD (REGISTERED NUMBER: 11356524)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2022 TO 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRD RETAIL LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2022 TO 30 NOVEMBER 2023







DIRECTOR: R J Stainsby





REGISTERED OFFICE: The Oak Centre
Whinfield Drive
Aycliffe Business Park
Newton Aycliffe
County Durham
DL5 6AU





REGISTERED NUMBER: 11356524 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

GRD RETAIL LTD (REGISTERED NUMBER: 11356524)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192 293

CURRENT ASSETS
Stocks 7,550 8,000
Debtors 5 29,750 8,000
Cash at bank 4,265 77,932
41,565 93,932
CREDITORS
Amounts falling due within one year 6 13,190 61,347
NET CURRENT ASSETS 28,375 32,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,567

32,878

CREDITORS
Amounts falling due after more than one
year

7

3,915

7,686
NET ASSETS 24,652 25,192

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 24,650 25,190
SHAREHOLDERS' FUNDS 24,652 25,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GRD RETAIL LTD (REGISTERED NUMBER: 11356524)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 director and authorised for issue on 15 August 2024 and were signed by:





R J Stainsby - Director


GRD RETAIL LTD (REGISTERED NUMBER: 11356524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2022 TO 30 NOVEMBER 2023

1. STATUTORY INFORMATION

GRD Retail Ltd 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 tax. Income is recognised on the despatch of goods.

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 - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

GRD RETAIL LTD (REGISTERED NUMBER: 11356524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2022 TO 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022
and 30 November 2023 725
DEPRECIATION
At 1 June 2022 432
Charge for period 101
At 30 November 2023 533
NET BOOK VALUE
At 30 November 2023 192
At 31 May 2022 293

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 29,750 8,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,530 2,437
Other creditors 10,660 58,910
13,190 61,347

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,915 7,686

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

During the period the director maintained an interest free loan to the company. As at 30 November 2023 the balance outstanding was £10,660 (2022: £10,660).

During the period the company maintained interest free loans to various company's related by way of having a common director. This amount is included within Debtors: Amounts falling due within one year, as there are no formal terms for repayment. As at 30 November 2023 the balances outstanding were £29,750 (2022: £8,000).