Gran Distribution Limited - Period Ending 2026-03-31

Registration number: 01878584

Gran Distribution Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2026

Gran Distribution Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Unaudited Financial Statements	7 to 12
iXBRL Detailed Profit and Loss Account	13

Gran Distribution Limited

Company Information

Directors

Mr N D Wildish

Mrs R A Wildish

Company secretary

Mrs R A Wildish

Registered office

129 Canterbury Street
Gillingham
Kent
United Kingdom
ME7 5TT

Accountants

Thompson Elphick
Chartered Certified AccountantsThe Corner House
2 High Street
Aylesford
Kent
ME20 7BG

Gran Distribution Limited

Directors' Report for the Year Ended 31 March 2026

The directors present their report and the financial statements for the year ended 31 March 2026.

Directors of the company

The directors who held office during the year were as follows:

Mr N D Wildish

Mrs R A Wildish - Company secretary and director

Principal activity

The principal activity of the company is that of wholesale motor factors

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 September 2026 and signed on its behalf by:

.........................................
Mrs R A Wildish
Company secretary and director

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gran Distribution Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gran Distribution Limited for the year ended 31 March 2026 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Gran Distribution Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gran Distribution Limited and state those matters that we have agreed to state to the Board of Directors of Gran Distribution Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gran Distribution Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gran Distribution Limited 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 Gran Distribution Limited. You consider that Gran Distribution Limited 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 Gran Distribution Limited. 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.

......................................

Thompson Elphick
Chartered Certified Accountants
The Corner House
2 High Street
Aylesford
Kent
ME20 7BG

7 September 2026

Gran Distribution Limited

Profit and Loss Account for the Year Ended 31 March 2026

	Note	2026 £	2025 £
Turnover		428,382	437,002
Cost of sales		(222,782)	(250,447)
Gross profit		205,600	186,555
Administrative expenses		(99,892)	(120,645)
Operating profit		105,708	65,910
Other interest receivable and similar income		1,333	1,555
Profit before tax	4	107,041	67,465
Tax on profit		(26,825)	(14,463)
Profit for the financial year		80,216	53,002

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Gran Distribution Limited

(Registration number: 01878584)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	9,850	13,402
Current assets
Stocks	6	2,500	2,500
Debtors	7	75,503	81,946
Cash at bank and in hand		230,855	208,721
		308,858	293,167
Creditors: Amounts falling due within one year	8	(182,285)	(183,279)
Net current assets		126,573	109,888
Total assets less current liabilities		136,423	123,290
Provisions for liabilities		(2,463)	(2,546)
Net assets		133,960	120,744
Capital and reserves
Called up share capital		4	4
Retained earnings		133,956	120,740
Shareholders' funds		133,960	120,744

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 7 September 2026 and signed on its behalf by:

.........................................
Mr N D Wildish
Director

Gran Distribution Limited

Statement of Changes in Equity for the Year Ended 31 March 2026

	Share capital £	Retained earnings £	Total £
At 1 April 2025	4	120,740	120,744
Profit for the year	-	80,216	80,216
Dividends	-	(67,000)	(67,000)
At 31 March 2026	4	133,956	133,960

	Share capital £	Retained earnings £	Total £
At 1 April 2024	4	136,238	136,242
Profit for the year	-	53,002	53,002
Dividends	-	(68,500)	(68,500)
At 31 March 2025	4	120,740	120,744

Gran Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
129 Canterbury Street
Gillingham
Kent
ME7 5TT
United Kingdom

The principal place of business is:
129 Canterbury Street
Gillingham
Kent
ME7 5TT
United Kingdom

These financial statements were authorised for issue by the Board on 7 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Gran Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Judgements

The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The resulting accounting estimates will, by definition, seldom equal the related actual results. The principal areas where judgement was exercised are as follows:

i) Recoverability of trade debtors: the directors annually assess whether a bad debt provision is required for any bad or doubtful debtor balances.

ii) Tangible fixed assets: the directors annually assess both the residual value of these assets and the expected useful life of such assets based on experience.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% on reducing balance

Gran Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Fixtures & fittings

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Gran Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	3,451	4,466

Gran Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

Furniture, fittings and equipment
£

Motor vehicles
£

Total
£

Cost or valuation

At 1 April 2025

18,725

81,726

100,451

Disposals

(17,232)

-

(17,232)

At 31 March 2026

1,493

81,726

83,219

Depreciation

At 1 April 2025

18,315

68,734

87,049

Charge for the year

203

3,248

3,451

Eliminated on disposal

(17,131)

-

(17,131)

At 31 March 2026

1,387

71,982

73,369

Carrying amount

At 31 March 2026

106

9,744

9,850

At 31 March 2025

410

12,992

13,402

6

Stocks

2026
£

2025
£

Other inventories

2,500

2,500

7

Debtors

Current

2026
£

2025
£

Trade debtors

75,503

79,434

Prepayments

-

2,512

75,503

81,946

Gran Distribution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	1,955	1,627
Trade creditors		144,921	152,426
Taxation and social security		32,379	17,376
Accruals and deferred income		3,030	11,850
		182,285	183,279

9	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £

Other borrowings	1,955	1,627

10

Dividends

Interim dividends paid

	2026 £	2025 £
Interim dividend of £37,700.00 (2025 - £62,000.00) per each A ordinary	37,700	62,000
Interim dividend of £29,300.00 (2025 - £6,500.00) per each B ordinary	29,300	6,500
	67,000	68,500

Gran Distribution Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 March 2026

	2026 £	2025 £
Turnover/revenue	428,382	437,002
Cost of sales
Purchase of raw materials and consumables	(222,782)	(250,447)
Gross profit	205,600	186,555
Distribution costs
Administrative expenses
Audit and accountancy other services	(2,670)	(2,750)
Client entertaining costs	(5,200)	(5,257)
Utilities costs	(531)	(1,027)
Other repairs and maintenance costs	(6,338)	(20,714)
Depreciation of Fixed assets	(3,451)	(4,466)
Vehicle costs	(25,589)	(32,520)
Wages and salaries excluding directors	(28,072)	(28,441)
Salaries and fees, directors	(12,570)	(12,570)
Staff entertaining	(1,058)	(1,720)
Legal and professional costs	(1,364)	(1,208)
Bank charges	(122)	(109)
Insurance costs	(5,552)	(5,122)
IT and computing	(1,765)	(295)
Telecommunications	(1,793)	(1,088)
Printing, postage and stationery	(1,551)	(2,214)
Research and development	(1,221)	-
Subscriptions	(424)	(559)
Other operational and administration costs	(520)	(585)
Other operating income
Other items
Loss from disposal of Fixed assets	(101)	-
Profit on ordinary activities before finance charges and interest	105,708	65,910
Bank interest and similar income receivable	1,280	1,555
Non-bank interest and similar income receivable	53	-
Profit on ordinary activities before taxation	107,041	67,465
Tax on profit or loss on ordinary activities	(26,825)	(14,463)
Profit for the financial year	80,216	53,002

	Furniture, fittings and equipment £	Motor vehicles £	Total £
Cost or valuation
At 1 April 2025	18,725	81,726	100,451
Disposals	(17,232)	-	(17,232)
At 31 March 2026	1,493	81,726	83,219
Depreciation
At 1 April 2025	18,315	68,734	87,049
Charge for the year	203	3,248	3,451
Eliminated on disposal	(17,131)	-	(17,131)
At 31 March 2026	1,387	71,982	73,369
Carrying amount
At 31 March 2026	106	9,744	9,850
At 31 March 2025	410	12,992	13,402

Current	2026 £	2025 £
Trade debtors	75,503	79,434
Prepayments	-	2,512
	75,503	81,946