Registered number: 14836344 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
WEST MIDLANDS | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | ||||||||||
Notes | £ | |||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
212 | ||||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Profit and loss account | (478) | |||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
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. | ||||||||
Equipment | straight line10% |
2. EMPLOYEES | ||||||||
2024 | ||||||||
No. | No. | |||||||
Average number of employees | ||||||||
Key management personnel is restricted to that of the two directors. | ||||||||
GRANDSTAND AUTOMOTIVE LTD | ||||||||
3. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
Additions | 133 | 133 | ||
At 31/03/2024 | 133 | 133 | ||
Depreciation | ||||
For the 336 day period | 13 | 13 | ||
At 31/03/2024 | 13 | 13 | ||
Net Book Amounts | ||||
At 31/03/2024 | 120 | |||
4. DEBTORS | 2024 | |||||||
£ | ||||||||
Amounts falling due within one year | ||||||||
Prepayments | 180 | |||||||
180 | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | ||||||||
£ | ||||||||
Directors current account | 260 | |||||||
Directors current account | 260 | |||||||
Accruals | 288 | |||||||
808 | ||||||||
6. SHARE CAPITAL | 2024 | |||||||
£ | ||||||||
Allotted, issued and fully paid: | ||||||||
2 | ||||||||
2 | ||||||||
New shares issued during period: | ||||||||
2 | 2 | |||||||
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 | |||||||||||||||||||||||||||||||||||||
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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. | ||||||||