Registered number
05045479
Grandleton Limited
Filleted Accounts
29 February 2024
Grandleton Limited
Registered number: 05045479
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 100 100
Tangible assets 4 1,000 1,000
1,100 1,100
Current assets
Debtors 5 10,034 11,234
Cash at bank and in hand 16,673 3,112
26,707 14,346
Creditors: amounts falling due within one year 6 (14,413) (3,030)
Net current assets 12,294 11,316
Net assets 13,394 12,416
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,294 12,316
Shareholders' funds 13,394 12,416
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Imran Ali
Director
Approved by the board on 15 November 2024
Grandleton Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 100
At 29 February 2024 100
Amortisation
At 29 February 2024 -
Net book value
At 29 February 2024 100
At 28 February 2023 100
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 1,000
At 29 February 2024 1,000
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 1,000
At 28 February 2023 1,000
5 Debtors 2024 2023
£ £
Other debtors 10,034 11,234
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 229 230
Other creditors 14,184 2,800
14,413 3,030
7 Other information
Grandleton Limited is a private company limited by shares and incorporated in England. Its registered office is:
150 Northmoor Road
Longsight
Manchester
M12 5RS
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