14836344falsethat of purchase and selling of cars and commercial vehicles.2023-05-012024-03-31http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:Director12023-05-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-05-012024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-05-012024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-05-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-05-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2023-05-012024-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-05-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-05-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-05-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 14836344

GRANDSTAND AUTOMOTIVE LTD

ACCOUNTS
FOR THE 336 DAY PERIOD ENDED 31/03/2024

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

GRANDSTAND AUTOMOTIVE LTD

ACCOUNTS
FOR THE 336 DAY PERIOD ENDED 31/03/2024
DIRECTORS
AMANJIT SINGH HAYRE
DR KULVEER SINGH
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 14836344
BANKERS
ZEMPLER BANK LTD
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

GRANDSTAND AUTOMOTIVE LTD

ACCOUNTS
FOR THE336 DAY PERIODENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

GRANDSTAND AUTOMOTIVE LTD

BALANCE SHEET AT 31/03/2024
2024
Notes£
FIXED ASSETS
Tangible assets3120
CURRENT ASSETS
Debtors4180
Cash at bank and in hand32
212
CREDITORS: Amounts falling due within one year5808
NET CURRENT LIABILITIES(596)
TOTAL ASSETS LESS CURRENT LIABILITIES(476)
CAPITAL AND RESERVES
Called up share capital62
Profit and loss account(478)
SHAREHOLDERS' FUNDS(476)
For the year ending 31/03/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/12/2024 and signed on their behalf by
.............................
AMANJIT SINGH HAYRE
Director

GRANDSTAND AUTOMOTIVE LTD

NOTES TO THE ACCOUNTS
FOR THE 336 DAY PERIOD ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Going Concern
These financial statements have been prepared on the going concern basis. The company is in a net current liability of £ 596 as at 31 March 2024. However the directors have given assurances to the company that they will not draw on at least £520 of their loan accounts amounting to £ 520 for at least one year from the date that the balance sheet was signed. Should it be required the directors will support the company with additional funds. On this basis the directors consider that the company will be able to pay its debts as they fall due and continue trading as a going concern.
1c. Depreciation
Depreciation is provided at rates calculated to write off fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Equipmentstraight line10%
2. EMPLOYEES
2024
No.No.
Average number of employees2
Key management personnel is restricted to that of the two directors.

GRANDSTAND AUTOMOTIVE LTD

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
Additions133133
At 31/03/2024133133
Depreciation
For the 336 day period1313
At 31/03/20241313
Net Book Amounts
At 31/03/2024120120
4. DEBTORS 2024
£
Amounts falling due within one year
Prepayments180
180
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Directors current account260
Directors current account260
Accruals288
808
6. SHARE CAPITAL 2024
£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each2
2
New shares issued during period:
2 Ordinary shares of £1 each2
2
On incorporation of the company two ordinary shares of £ 1 each were issued at par for cash.

GRANDSTAND AUTOMOTIVE LTD

7. CONTROLLING PARTY
The company is jointly owned in equal shares by the two directors Mr A S Hayre and Dr K Singh.
8. RELATED PARTY TRANSACTIONS
Neither director Mr A S Hayre or Dr K Singh received a dividend in the commencement period 1 May 2023 to 31 March 2024.
9. GENERAL INFORMATION
Grandstand Automotive Ltd is a private company limited by shares and incorporated in England. It's registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.
10. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company operates in the motor vehicle industry both purchasing and selling of cars and commercial vehicles. All of it's activities are carried out within the United Kingdom.