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COMPANY REGISTRATION NUMBER: 07492982
Grandit Limited
Filleted Unaudited Financial Statements
31 January 2024
Grandit Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
40,705
40,705
Cash at bank and in hand
3,171
3,244
--------
--------
43,876
43,949
Creditors: amounts falling due within one year
5
13,900
11,343
--------
--------
Net current assets
29,976
32,606
--------
--------
Total assets less current liabilities
29,976
32,606
Creditors: amounts falling due after more than one year
6
34,253
35,416
--------
--------
Net liabilities
( 4,277)
( 2,810)
--------
--------
Capital and reserves
Called up share capital
120
120
Profit and loss account
( 4,397)
( 2,930)
-------
-------
Shareholders deficit
( 4,277)
( 2,810)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Grandit Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 16 August 2024 , and are signed on behalf of the board by:
Mr M Ahamed
Director
Company registration number: 07492982
Grandit Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
4. Debtors
2024
2023
£
£
Other debtors
40,705
40,705
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,584
9,585
Other creditors
4,316
1,758
--------
--------
13,900
11,343
--------
--------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
34,253
35,416
--------
--------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr M Ahamed
( 307)
( 2,163)
( 2,470)
----
-------
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr M Ahamed
( 3,939)
3,632
( 307)
-------
-------
----