Company Registration No. 14002123 (England and Wales)
Grand Construction and Sons Ltd
Unaudited accounts
for the year ended 31 March 2024
Grand Construction and Sons Ltd
Unaudited accounts
Contents
Grand Construction and Sons Ltd
Company Information
for the year ended 31 March 2024
Company Number
14002123 (England and Wales)
Registered Office
1 THE GLEN
WORTHING
WEST SUSSEX
BN13 2AD
United Kingdom
Accountants
Darling & Co
1 The Glen
Worthing
West Sussex
BN13 2AD
Grand Construction and Sons Ltd
Accountants' report
Accountants' report to the director of Grand Construction and Sons Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Grand Construction and Sons Ltd for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Grand Construction and Sons Ltd, as a body, in accordance with the terms of our engagement letter dated 25 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of Grand Construction and Sons Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grand Construction and Sons Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Grand Construction and Sons Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Grand Construction and Sons Ltd. You consider that Grand Construction and Sons Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Grand Construction and Sons Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Darling & Co
1 The Glen
Worthing
West Sussex
BN13 2AD
26 March 2025
Grand Construction and Sons Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
1,089
1,215
Cash at bank and in hand
1,295
17,413
Creditors: amounts falling due within one year
(6,041)
(22,137)
Net current assets
17,237
11,271
Called up share capital
100
100
Profit and loss account
18,226
12,386
Shareholders' funds
18,326
12,486
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2025 and were signed on its behalf by
G Gore
Director
Company Registration No. 14002123
Grand Construction and Sons Ltd
Notes to the Accounts
for the year ended 31 March 2024
Grand Construction and Sons Ltd is a private company, limited by shares, registered in England and Wales, registration number 14002123. The registered office is 1 THE GLEN, WORTHING, WEST SUSSEX, BN13 2AD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over ten years
Computer equipment
over ten years
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
842
439
1,281
At 31 March 2024
842
439
1,281
Charge for the year
43
83
126
At 31 March 2024
50
142
192
At 31 March 2024
792
297
1,089
At 31 March 2023
835
380
1,215
Grand Construction and Sons Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
150
63
Other debtors
15,136
13,532
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,709
11,913
Loans from directors
-
1,236
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
3,157
3,314
-
6,471
Director's loan account
10,375
-
1,710
8,665
13,532
3,314
1,710
15,136
8
Average number of employees
During the year the average number of employees was 2 (2023: 3).