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REGISTERED NUMBER: 11117508 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GRANDESCO LIMITED

GRANDESCO LIMITED (REGISTERED NUMBER: 11117508)






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




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 2023







DIRECTORS: Mrs S A Reynolds
G R Harris





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





REGISTERED NUMBER: 11117508 (England and Wales)





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

GRANDESCO LIMITED (REGISTERED NUMBER: 11117508)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149 184

CURRENT ASSETS
Debtors 5 9,349 21,104
Cash at bank 1,598 5,508
10,947 26,612
CREDITORS
Amounts falling due within one year 6 35,412 30,493
NET CURRENT LIABILITIES (24,465 ) (3,881 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,316

)

(3,697

)

CREDITORS
Amounts falling due after more than one year 7 10,987 13,658
NET LIABILITIES (35,303 ) (17,355 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (35,313 ) (17,365 )
SHAREHOLDERS' FUNDS (35,303 ) (17,355 )

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

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

GRANDESCO LIMITED (REGISTERED NUMBER: 11117508)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 25 September 2024 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 2023

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 3,110
Additions 223
At 31 December 2023 3,333
DEPRECIATION
At 1 January 2023 2,926
Charge for year 258
At 31 December 2023 3,184
NET BOOK VALUE
At 31 December 2023 149
At 31 December 2022 184

GRANDESCO LIMITED (REGISTERED NUMBER: 11117508)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,145 19,004
Other debtors 204 2,100
9,349 21,104

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,699 4,699
Trade creditors 1,647 2,687
Taxation and social security 5,962 4,822
Other creditors 23,104 18,285
35,412 30,493

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,987 13,658