Abbreviated Company Accounts - GRANTSIDE LIMITED

Registered Number 02822370

GRANTSIDE LIMITED

Abbreviated Accounts

31 March 2014

GRANTSIDE LIMITED Registered Number 02822370

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	320,993	312,348
Investments	3	505	505
		321,498	312,853
Current assets
Stocks		2,458,408	934,524
Debtors		3,360,907	611,959
Cash at bank and in hand		4,501,112	5,506,838
		10,320,427	7,053,321
Creditors: amounts falling due within one year		(3,173,392)	(243,072)
Net current assets (liabilities)		7,147,035	6,810,249
Total assets less current liabilities		7,468,533	7,123,102
Total net assets (liabilities)		7,468,533	7,123,102
Capital and reserves
Called up share capital		1	1
Profit and loss account		7,468,532	7,123,101
Shareholders' funds		7,468,533	7,123,102

For the year ending 31 March 2014 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 17 December 2014

And signed on their behalf by:
S ADVIS, Director

GRANTSIDE LIMITED Registered Number 02822370

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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
Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods and services in the ordinary nature of the business. The turnover shown represents the value of goods and services provided to customers net of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less deprecation. Depreciation is at rates calculated to write off the cost less estimated residual value of each asset over its useful life as follows– leasehold land and buildings – 10% straight line, plant, machinery and fixtures and fittings 15% reducing balance - and motor vehicles 25% reducing balance.

2Tangible fixed assets

	£
Cost
At 1 April 2013	488,738
Additions	104,263
Disposals	(191,063)
Revaluations	-
Transfers	-
At 31 March 2014	401,938
Depreciation
At 1 April 2013	176,390
Charge for the year	35,666
On disposals	(131,111)
At 31 March 2014	80,945
Net book values
At 31 March 2014	320,993
At 31 March 2013	312,348

3Fixed assets Investments
Fixed assets investments are stated at cost less provision for diminution in value.