Abbreviated Company Accounts - GRANDFITS LTD

08735908 GRANDFITS LTD 2015-10-31 false 2014-11-01 2015-10-31 true 08735908 2014-11-01 2015-10-31 08735908 2015-10-31 08735908 2014-10-31 08735908 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 08735908 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 08735908

GRANDFITS LTD

Abbreviated Accounts

31 October 2015

GRANDFITS LTD Registered Number 08735908

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	8,272	10,941
		8,272	10,941
Current assets
Stocks		450	1,385
Debtors		12,232	7,320
Cash at bank and in hand		51,483	69,321
		64,165	78,026
Creditors: amounts falling due within one year		(25,292)	(38,019)
Net current assets (liabilities)		38,873	40,007
Total assets less current liabilities		47,145	50,948
Total net assets (liabilities)		47,145	50,948
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		47,045	50,848
Shareholders' funds		47,145	50,948

For the year ending 31 October 2015 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 16 July 2016

And signed on their behalf by:
Tomas Scepanovas, Director

GRANDFITS LTD Registered Number 08735908

Notes to the Abbreviated Accounts for the period ended 31 October 2015

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 year.

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 and machinery - 25% Reducing Balance
Fixtures, fittings and equipment - 20% Reducing Balance
Motor vehicles - 25% Reducing Balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 November 2014	14,476
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	14,476
Depreciation
At 1 November 2014	3,535
Charge for the year	2,669
On disposals	-
At 31 October 2015	6,204
Net book values
At 31 October 2015	8,272
At 31 October 2014	10,941

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100