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

REGISTERED NUMBER: 02786951 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

GRANDFLAME LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Surridge

J Surridge

P A Surridge

SECRETARY:

J Surridge

REGISTERED OFFICE:

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

REGISTERED NUMBER:

02786951 (England and Wales)

ACCOUNTANTS:

Baverstocks Limited

Chartered Certified Accountants

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

BANKERS:

Barclays Bank Plc

22-24 Upper Marlborough Road

St Albans

Hertfordshire

AL1 3AL

FIXED ASSETS

Intangible assets

4

10,000

10,000

Tangible assets

5

76,584

43,416

Investments

6

40,000

40,000

126,584

93,416

CURRENT ASSETS

Debtors

2,174,316

2,166,564

Cash at bank

634,201

329,208

2,808,517

2,495,772

CREDITORS

Amounts falling due within one year

178,327

147,263

NET CURRENT ASSETS

2,630,190

2,348,509

TOTAL ASSETS LESS CURRENT LIABILITIES

2,756,774

2,441,925

PROVISIONS FOR LIABILITIES

3,624

5,821

NET ASSETS

2,753,150

2,436,104

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

2,752,850

2,435,804

SHAREHOLDERS' FUNDS

2,753,150

2,436,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2022 and were signed on its behalf by:

T J Surridge - Director

1.	STATUTORY INFORMATION

Grandflame 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and Licences are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets

Amortisation is provided on a straight line basis over 10 years, after taking into account the anticipated residual value of the intangible asset which is based upon the Directors opinion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to Property

-

10% on cost

Fixtures and Fittings

-

15% on cost

Motor Vehicles

-

25% on cost

Office Equipment

-

33% on cost

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 6 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2020

and 31 October 2021

10,000

NET BOOK VALUE

At 31 October 2021

10,000

At 31 October 2020

10,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2020

116,461

Additions

54,017

At 31 October 2021

170,478

DEPRECIATION

At 1 November 2020

73,045

Charge for year

20,849

At 31 October 2021

93,894

NET BOOK VALUE

At 31 October 2021

76,584

At 31 October 2020

43,416

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 November 2020

and 31 October 2021

40,000

NET BOOK VALUE

At 31 October 2021

40,000

At 31 October 2020

40,000

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2021 and 31 October 2020:

2021

2020

£

£

J Surridge

Balance outstanding at start of year

-

-

Amounts advanced

2,736

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,736

-

8.	RELATED PARTY DISCLOSURES

Included within debtors at the balance sheet date is an amount of £1,940,932 (2020: £1,968,334) due from associated companies.