Grand College Limited - Abbreviated accounts 16.1

Grand College Limited - Abbreviated accounts 16.1

GRAND COLLEGE LIMITED - Company Information

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REGISTERED NUMBER: 03786363 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Grand College Limited

Grand College Limited (Registered number: 03786363)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Grand College Limited

Company Information
for the Year Ended 31 December 2015







DIRECTORS: M A Hadfield OBE JP FCA
C G Maiden
J S Priestley
I P Duff
G R Goddard
Dr D J Woodgate
P M Darley





SECRETARY: J S Priestley





REGISTERED OFFICE: Unit 6
Forest Business Park
Selby Road
Fulford
Yorkshire
YO19 4RH





REGISTERED NUMBER: 03786363 (England and Wales)





Page 1
Grand College Limited (Registered number: 03786363)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £   
CURRENT ASSETS
Stocks 11,527 10,300
Debtors 27,376 45,805
Cash at bank 179,787 124,263
218,690 180,368
CREDITORS
Amounts falling due within one year 4,310 8,178
NET CURRENT ASSETS 214,380 172,190
TOTAL ASSETS LESS CURRENT
LIABILITIES
214,380
172,190

RESERVES
Other reserves 136,277 83,424
Income and expenditure account 78,103 88,766
214,380 172,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 surplus or deficit 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 10 June 2016 and were signed on its behalf by:





M A Hadfield OBE JP FCA - Director


The notes form part of these abbreviated accounts

Page 2
Grand College Limited (Registered number: 03786363)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, 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 - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 41,230
DEPRECIATION
At 1 January 2015
and 31 December 2015 41,230
NET BOOK VALUE
At 31 December 2015 -
At 31 December 2014 -

Page 3