Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 02742324 Mr Adam Trundle Mr Simon Trundle Mrs Bernadette Trundle true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02742324 2023-08-31 02742324 2024-08-31 02742324 2023-09-01 2024-08-31 02742324 frs-core:CurrentFinancialInstruments 2024-08-31 02742324 frs-core:FurnitureFittings 2024-08-31 02742324 frs-core:FurnitureFittings 2023-09-01 2024-08-31 02742324 frs-core:FurnitureFittings 2023-08-31 02742324 frs-core:MotorVehicles 2023-09-01 2024-08-31 02742324 frs-core:ShareCapital 2024-08-31 02742324 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 02742324 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02742324 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 02742324 frs-bus:SmallEntities 2023-09-01 2024-08-31 02742324 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02742324 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 02742324 1 2023-09-01 2024-08-31 02742324 frs-bus:Director1 2023-09-01 2024-08-31 02742324 frs-bus:Director2 2023-09-01 2024-08-31 02742324 frs-bus:Director3 2023-09-01 2024-08-31 02742324 frs-countries:EnglandWales 2023-09-01 2024-08-31 02742324 2022-08-31 02742324 2023-08-31 02742324 2022-09-01 2023-08-31 02742324 frs-core:CurrentFinancialInstruments 2023-08-31 02742324 frs-core:ShareCapital 2023-08-31 02742324 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 02742324
Grendon Design Agency Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02742324
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,279 20,639
21,279 20,639
CURRENT ASSETS
Debtors 5 19,255 15,489
Cash at bank and in hand 173,104 136,575
192,359 152,064
Creditors: Amounts Falling Due Within One Year 6 (23,626 ) (11,623 )
NET CURRENT ASSETS (LIABILITIES) 168,733 140,441
TOTAL ASSETS LESS CURRENT LIABILITIES 190,012 161,080
NET ASSETS 190,012 161,080
CAPITAL AND RESERVES
Called up share capital 7 901 901
Profit and Loss Account 189,111 160,179
SHAREHOLDERS' FUNDS 190,012 161,080
Page 1
Page 2
For the year ending 31 August 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Trundle
Director
10/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Grendon Design Agency Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02742324 . The registered office is St James's Old Leper Hospital, 115 Swanfield Drive, Chichester, PO19 6TD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2023 79,420
Additions 4,395
As at 31 August 2024 83,815
Depreciation
As at 1 September 2023 58,781
Provided during the period 3,755
As at 31 August 2024 62,536
Net Book Value
As at 31 August 2024 21,279
As at 1 September 2023 20,639
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,524 9,188
Prepayments and accrued income 4,730 6,300
Other debtors 1 1
19,255 15,489
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,107 1,390
Corporation tax (51 ) -
Other taxes and social security 435 477
VAT 11,450 2,463
Other creditors 4,535 1,433
Accruals and deferred income 5,640 5,590
Directors' loan accounts 510 270
23,626 11,623
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 901 901
8. Ultimate Controlling Party
The companyis under the joint control of Mr S Trundle and Mrs B Trundle by virtue of the ownership of Ordinary shares.
Page 4