REGISTERED NUMBER: 08756604 (England and Wales)

Financial Statements for the Year Ended 31 October 2024

for

Grand Projects Contractors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E Ibra

REGISTERED OFFICE:

Clockwise Wood Green Greenside House

50 Station Road

London

N22 7DE

REGISTERED NUMBER:

08756604 (England and Wales)

ACCOUNTANTS:

Ortenz & Co Ltd

354 High Street North

London

E12 6PH

CURRENT ASSETS

Debtors

5

29,680

31,015

Cash at bank and in hand

4,349

9,151

34,029

40,166

CREDITORS

Amounts falling due within one year

6

91,898

78,823

NET CURRENT LIABILITIES

(57,869

)

(38,657

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(57,869

)

(38,657

)

CREDITORS

Amounts falling due after more than one year

7

211,544

103,075

NET LIABILITIES

(269,413

)

(141,732

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(269,414

)

(141,733

)

SHAREHOLDERS' FUNDS

(269,413

)

(141,732

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2025 and were signed by:

E Ibra - Director

1.	STATUTORY INFORMATION

Grand Projects Contractors Ltd 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 represents net invoiced sales of services, excluding value added tax.

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

-

20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

and 31 October 2024

30,961

DEPRECIATION

At 1 November 2023

and 31 October 2024

30,961

NET BOOK VALUE

At 31 October 2024

-

5.

DEBTORS

31.10.24

31.10.23

£

£

Amounts falling due within one year:

Trade debtors

1,320

3,303

Other debtors

27,160

26,512

28,480

29,815

Amounts falling due after more than one year:

Other debtors

1,200

1,200

Aggregate amounts

29,680

31,015

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade creditors

9

2,959

Taxation and social security

89,959

73,639

Other creditors

1,930

2,225

91,898

78,823

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

26,965

30,261

Amounts owed to associates

86,664

-

Other creditors

97,915

72,814

211,544

103,075