IRIS Accounts Production v24.3.0.553 04928720 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049287202022-12-31049287202023-12-31049287202023-01-012023-12-31049287202021-12-31049287202022-01-012022-12-31049287202022-12-3104928720ns14:PoundSterling2023-01-012023-12-3104928720ns10:Director12023-01-012023-12-3104928720ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104928720ns10:SmallEntities2023-01-012023-12-3104928720ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104928720ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104928720ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104928720ns10:FullAccounts2023-01-012023-12-3104928720ns10:RegisteredOffice2023-01-012023-12-3104928720ns5:CurrentFinancialInstruments2023-12-3104928720ns5:CurrentFinancialInstruments2022-12-3104928720ns5:Non-currentFinancialInstruments2023-12-3104928720ns5:Non-currentFinancialInstruments2022-12-3104928720ns5:ShareCapital2023-12-3104928720ns5:ShareCapital2022-12-3104928720ns5:RetainedEarningsAccumulatedLosses2023-12-3104928720ns5:RetainedEarningsAccumulatedLosses2022-12-3104928720ns5:LandBuildingsns5:ShortLeaseholdAssets2023-01-012023-12-3104928720ns5:PlantMachinery2023-01-012023-12-3104928720ns5:MotorVehicles2023-01-012023-12-3104928720ns5:LandBuildingsns5:ShortLeaseholdAssets2022-12-3104928720ns5:PlantMachinery2022-12-3104928720ns5:MotorVehicles2022-12-3104928720ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3104928720ns5:PlantMachinery2023-12-3104928720ns5:MotorVehicles2023-12-3104928720ns5:LandBuildingsns5:ShortLeaseholdAssets2022-12-3104928720ns5:PlantMachinery2022-12-3104928720ns5:MotorVehicles2022-12-3104928720ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104928720ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3104928720ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3104928720ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3104928720ns5:RetainedEarningsAccumulatedLosses2022-12-3104928720ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 04928720



















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

GRAND INTERIOR DESIGNS LTD

GRAND INTERIOR DESIGNS LTD (REGISTERED NUMBER: 04928720)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRAND INTERIOR DESIGNS LTD

Company Information
for the Year Ended 31st December 2023







DIRECTOR: K K Guddu





REGISTERED OFFICE: 19 High Street
Kings Heath
Birmingham
West Midlands
B14 7BB





REGISTERED NUMBER: 04928720





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

GRAND INTERIOR DESIGNS LTD (REGISTERED NUMBER: 04928720)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,579 3,105

CURRENT ASSETS
Stocks 24,525 55,525
Debtors 5 121,696 184,104
Cash at bank and in hand 20,638 21,929
166,859 261,558
CREDITORS
Amounts falling due within one year 6 138,443 227,704
NET CURRENT ASSETS 28,416 33,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,995

36,959

CREDITORS
Amounts falling due after more than
one year

7

23,379

34,027
NET ASSETS 7,616 2,932

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 7,614 2,930
7,616 2,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

GRAND INTERIOR DESIGNS LTD (REGISTERED NUMBER: 04928720)

Balance Sheet - continued
31st December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd April 2025 and were signed by:





K K Guddu - Director


GRAND INTERIOR DESIGNS LTD (REGISTERED NUMBER: 04928720)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Grand Interior Designs Ltd is a private company, limited by shares , registered in Not specified/Other. 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.
Short leasehold - 25% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 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 Income Statement, 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.

GRAND INTERIOR DESIGNS LTD (REGISTERED NUMBER: 04928720)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1st January 2023
and 31st December 2023 20,000 14,432 12,500 46,932
DEPRECIATION
At 1st January 2023 20,000 11,936 11,891 43,827
Charge for year - 374 152 526
At 31st December 2023 20,000 12,310 12,043 44,353
NET BOOK VALUE
At 31st December 2023 - 2,122 457 2,579
At 31st December 2022 - 2,496 609 3,105

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 65,884 165,538
Other debtors 1,000 -
VAT 54,812 17,948
Prepayments - 618
121,696 184,104

GRAND INTERIOR DESIGNS LTD (REGISTERED NUMBER: 04928720)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 11,199
Trade creditors 89,806 161,295
Corporation tax 37,484 46,576
Social security and other taxes 835 186
Pension 13 6
Other creditors 3,338 2,908
Directors' current accounts 686 653
Accrued expenses 6,281 4,881
138,443 227,704

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 23,379 34,027

8. RESERVES
Retained
earnings
£   

At 1st January 2023 2,930
Profit for the year 42,684
Dividends (38,000 )
At 31st December 2023 7,614

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K K Guddu.