Abbreviated Company Accounts - GRANDDIRECT LIMITED

GRANDDIRECT LIMITED - Company Information

Registered Number 03393231

GRANDDIRECT LIMITED

Abbreviated Accounts

31 October 2013

GRANDDIRECT LIMITED Registered Number 03393231

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	83,300	86,198
		83,300	86,198
Current assets
Debtors		25,557	17,513
Cash at bank and in hand		8,539	5,120
		34,096	22,633
Creditors: amounts falling due within one year		(88,618)	(72,852)
Net current assets (liabilities)		(54,522)	(50,219)
Total assets less current liabilities		28,778	35,979
Creditors: amounts falling due after more than one year		(30,120)	(34,328)
Total net assets (liabilities)		(1,342)	1,651
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(2,342)	651
Shareholders' funds		(1,342)	1,651

For the year ending 31 October 2013 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 31 July 2014

And signed on their behalf by:
John Danher, Director
Gillian Danher, Director

GRANDDIRECT LIMITED Registered Number 03393231

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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 represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant & Machinery - 20% Reducing Balance
Land & Buildings - Straight Line over the expected useful life

Other accounting policies
Going Concern
The company liabilities exceeded its assets at the year end. The company is only able to continue trading with the support of its director who has provided assurance of this support for the foreseeable future

2Tangible fixed assets

	£
Cost
At 1 November 2012	118,395
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	118,395
Depreciation
At 1 November 2012	32,197
Charge for the year	2,898
On disposals	-
At 31 October 2013	35,095
Net book values
At 31 October 2013	83,300
At 31 October 2012	86,198