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

REGISTERED NUMBER: 02218252 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Grid Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G D Ross

J F Saunders

N T Stock

SECRETARY:

J F Saunders

REGISTERED OFFICE:

The Mayfield

Usk

Gwent

NP15 1SY

REGISTERED NUMBER:

02218252 (England and Wales)

ACCOUNTANTS:

DGL Accountancy Services Limited

Chartered Certified Accountants

35 Hen Parc Avenue

Upper Killay

Swansea

SA2 7HA

FIXED ASSETS

Tangible assets

3

189

253

CURRENT ASSETS

Debtors

4

9,660

9,660

Cash at bank

138

138

9,798

9,798

CREDITORS

Amounts falling due within one year

5

4,300

4,300

NET CURRENT ASSETS

5,498

5,498

TOTAL ASSETS LESS CURRENT LIABILITIES

5,687

5,751

CAPITAL AND RESERVES

Called up share capital

70

70

Retained earnings

5,617

5,681

5,687

5,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 September 2018 and were signed on its behalf by:

J F Saunders - Director

1.	STATUTORY INFORMATION

Grid 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

6,174

5,862

61,509

73,545

DEPRECIATION

At 1 April 2017

6,146

5,859

61,287

73,292

Charge for year

7

1

56

64

At 31 March 2018

6,153

5,860

61,343

73,356

NET BOOK VALUE

At 31 March 2018

21

2

166

189

At 31 March 2017

28

3

222

253

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Other debtors

9,660

9,660

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

1

1

Taxation and social security

3,494

3,494

Other creditors

805

805

4,300

4,300

6.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors, the ultimate controlling parties are any shareholders who when

taken together hold a majority of the voting rights.