Abbreviated Company Accounts - GRANDSALE LIMITED

02902917 GRANDSALE LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 02902917 2015-04-01 2016-03-31 02902917 2016-03-31 02902917 2015-03-31 02902917 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 02902917 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 02902917

GRANDSALE LIMITED

Abbreviated Accounts

31 March 2016

GRANDSALE LIMITED Registered Number 02902917

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	96,931	96,931
		96,931	96,931
Current assets
Debtors		6,816	-
Cash at bank and in hand		222,661	235,610
		229,477	235,610
Creditors: amounts falling due within one year		(231,052)	(70,405)
Net current assets (liabilities)		(1,575)	165,205
Total assets less current liabilities		95,356	262,136
Total net assets (liabilities)		95,356	262,136
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		95,256	262,036
Shareholders' funds		95,356	262,136

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 December 2016

And signed on their behalf by:
DANIEL FLUSS, Director

GRANDSALE LIMITED Registered Number 02902917

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 April 2015	96,931
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	96,931
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	96,931
At 31 March 2015	96,931

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100