REGISTERED NUMBER: 02650024 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Grandcrown Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A C Ballard

REGISTERED OFFICE:

Suite C

2 North Street

Dorking

Surrey

RH4 1DN

REGISTERED NUMBER:

02650024 (England and Wales)

ACCOUNTANTS:

Mapperson Price, Chartered Accountants

Suite C

2 North Street

Dorking

Surrey

RH4 1DN

FIXED ASSETS

Tangible assets

4

38,902

47,356

CURRENT ASSETS

Stocks

56,500

54,750

Debtors

5

256,148

215,363

Cash at bank and in hand

115,245

25,969

427,893

296,082

CREDITORS

Amounts falling due within one year

6

296,802

229,365

NET CURRENT ASSETS

131,091

66,717

TOTAL ASSETS LESS CURRENT LIABILITIES

169,993

114,073

CREDITORS

Amounts falling due after more than one year

7

(27,410

)

(62,092

)

PROVISIONS FOR LIABILITIES

(4,546

)

(6,627

)

NET ASSETS

138,037

45,354

CAPITAL AND RESERVES

Called up share capital

610

610

Retained earnings

137,427

44,744

138,037

45,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2025 and were signed by:

S A C Ballard - Director

1.	STATUTORY INFORMATION

Grandcrown Limited is a private company, limited by shares , registered in England and Wales. 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.

Plant and machinery etc

-

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 Statement of Income and Retained Earnings, 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.

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 17 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

265,580

Additions

16,539

Disposals

(129,103

)

At 31 January 2025

153,016

DEPRECIATION

At 1 February 2024

218,224

Charge for year

12,964

Eliminated on disposal

(117,074

)

At 31 January 2025

114,114

NET BOOK VALUE

At 31 January 2025

38,902

At 31 January 2024

47,356

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

175,038

128,402

Amounts recoverable on contract

74,600

78,500

Other debtors

6,510

8,461

256,148

215,363

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

33,016

30,810

Trade creditors

82,801

20,998

Taxation and social security

83,982

74,015

Other creditors

97,003

103,542

296,802

229,365

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

27,410

62,092

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.25

31.1.24

£

£

Within one year

39,000

39,000

Between one and five years

63,400

63,400

102,400

102,400