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REGISTERED NUMBER: 02650024 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Grandcrown Limited

Grandcrown Limited (Registered number: 02650024)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grandcrown Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: S A C Ballard





REGISTERED OFFICE: Old Gunn Court
North Street
Dorking
Surrey
RH4 1DE





REGISTERED NUMBER: 02650024 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE

Grandcrown Limited (Registered number: 02650024)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,356 54,000

CURRENT ASSETS
Stocks 54,750 51,150
Debtors 5 215,363 242,055
Cash at bank and in hand 25,969 29,082
296,082 322,287
CREDITORS
Amounts falling due within one year 6 229,365 265,661
NET CURRENT ASSETS 66,717 56,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,073

110,626

CREDITORS
Amounts falling due after more than one
year

7

(62,092

)

(94,568

)

PROVISIONS FOR LIABILITIES (6,627 ) (8,972 )
NET ASSETS 45,354 7,086

CAPITAL AND RESERVES
Called up share capital 610 610
Retained earnings 44,744 6,476
45,354 7,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Grandcrown Limited (Registered number: 02650024)

Balance Sheet - continued
31 January 2024


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 22 October 2024 and were signed by:





S A C Ballard - Director


Grandcrown Limited (Registered number: 02650024)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Grandcrown 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 - 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 year 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 year 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.

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 16 (2023 - 14 ) .

Grandcrown Limited (Registered number: 02650024)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 277,845
Additions 7,158
Disposals (19,423 )
At 31 January 2024 265,580
DEPRECIATION
At 1 February 2023 223,845
Charge for year 13,802
Eliminated on disposal (19,423 )
At 31 January 2024 218,224
NET BOOK VALUE
At 31 January 2024 47,356
At 31 January 2023 54,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 128,402 151,510
Amounts recoverable on contract 78,500 84,000
Other debtors 8,461 6,545
215,363 242,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 30,810 28,800
Trade creditors 20,998 40,476
Taxation and social security 74,015 66,067
Other creditors 103,542 130,318
229,365 265,661

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 62,092 94,568

Grandcrown Limited (Registered number: 02650024)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 39,000 29,250
Between one and five years 63,400 -
102,400 29,250

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
S A C Ballard
Balance outstanding at start of year - 13,963
Amounts repaid - (13,963 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -