Grandreach Limited - Accounts to registrar (filleted) - small 18.2

Grandreach Limited - Accounts to registrar (filleted) - small 18.2

GRANDREACH LIMITED - Company Information

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GRANDREACH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018





AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG








GRANDREACH LIMITED (REGISTERED NUMBER: 03264595)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRANDREACH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2018







DIRECTOR: H Stein





SECRETARY:





REGISTERED OFFICE: 201 Haverstock Hill
London
NW3 4QG





REGISTERED NUMBER: 03264595





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG
Page 1
GRANDREACH LIMITED (REGISTERED NUMBER: 03264595)

BALANCE SHEET
31 OCTOBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,384 7,510

CURRENT ASSETS
Stocks 936,376 936,376
Debtors 5 280 591
Cash at bank 5,618 5,888
942,274 942,855
CREDITORS
Amounts falling due within one year 6 640,543 629,580
NET CURRENT ASSETS 301,731 313,275
TOTAL ASSETS LESS CURRENT
LIABILITIES
308,115
320,785

CREDITORS
Amounts falling due after more than one
year
7
(216,223
)
(229,624
)

PROVISIONS FOR LIABILITIES (632 ) (718 )
NET ASSETS 91,260 90,443

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,160 90,343
91,260 90,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 notes form part of these financial statements

Page 2 continued...
GRANDREACH LIMITED (REGISTERED NUMBER: 03264595)

BALANCE SHEET - continued
31 OCTOBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 18 June 2019 and were signed by:





H Stein - Director


The notes form part of these financial statements

Page 3
GRANDREACH LIMITED (REGISTERED NUMBER: 03264595)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018

1. STATUTORY INFORMATION

Grandreach Limited 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.

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 - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

Page 4 continued...
GRANDREACH LIMITED (REGISTERED NUMBER: 03264595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2017
and 31 October 2018 57,464
DEPRECIATION
At 1 November 2017 49,954
Charge for year 1,126
At 31 October 2018 51,080
NET BOOK VALUE
At 31 October 2018 6,384
At 31 October 2017 7,510

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 280 591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 12,717 12,717
Trade creditors 1,316 493
Amounts owed to associates 625,332 608,332
Taxation and social security 278 745
Other creditors 900 7,293
640,543 629,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 216,223 229,624

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 228,940 242,342

9. RELATED PARTY DISCLOSURES

Amounts owed to a related company relates to an entity in which the director has a material interest. This amount
is interest free and repayable on demand.

Page 5