Grandbydale Limited - Accounts to registrar (filleted) - small 17.3

Grandbydale Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 01413608(England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2017

for

Grandbydale Limited

Grandbydale Limited (Registered number: 01413608)

Contents of the Financial Statements
for the Year Ended 30 April 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Grandbydale Limited

Company Information
for the Year Ended 30 April 2017







DIRECTORS: J K B Patel
Mrs H J Patel



SECRETARY: J K B Patel



REGISTERED OFFICE: Onward Chambers
34 Market Street
Hyde
Cheshire
SK14 1AH



REGISTERED NUMBER: 01413608(England and Wales)



ACCOUNTANTS: Hardy & Company (Hyde) Ltd
Chartered Certified Accountants
Onward Chambers
34 Market Street
Hyde
Cheshire
SK14 1AH



BANKERS: National Westminster Bank Plc
PO Box 18
329 Stanley Road
Bootle
Merseyside
L29 3UE

Grandbydale Limited (Registered number: 01413608)

Abridged Balance Sheet
30 April 2017

30.4.17 30.4.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 459,869 325,069
Investments 5 26,363 26,363
Investment property 6 210,000 210,000
696,232 561,432

CURRENT ASSETS
Stocks 43,343 43,927
Debtors 703,621 483,194
Cash at bank 195,333 170,471
942,297 697,592
CREDITORS
Amounts falling due within one year 271,942 244,460
NET CURRENT ASSETS 670,355 453,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,366,587

1,014,564

CREDITORS
Amounts falling due after more than one year (197,341 ) -

PROVISIONS FOR LIABILITIES (2,619 ) (2,619 )
NET ASSETS 1,166,627 1,011,945

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,166,527 1,011,845
SHAREHOLDERS' FUNDS 1,166,627 1,011,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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.

Grandbydale Limited (Registered number: 01413608)

Abridged Balance Sheet - continued
30 April 2017


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 November 2017and were signed on its behalf by:





J K B Patel- Director


Grandbydale Limited (Registered number: 01413608)

Notes to the Financial Statements
for the Year Ended 30 April 2017


1. STATUTORY INFORMATION

Grandbydale 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Grandbydale Limited as an individual company and do not contain
consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the
Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company net of discounts and value added
tax. Turnover is recognised on the basis of receipts for goods and services provided by the pharmacy and associated
accrued income from the Prescription Pricing Authority.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are revalued annually at their open market value in accordance with FRSSE (effective April 2008).
The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property
below its historical cost, in which case it is taken to the profit and loss account.
No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act
2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current
value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view.
The provisions of the FRSSE (effective April 2008) in respect of investment properties have therefore been adopted in
order to give a true and fair view. If this departure from the Act had not been made, the profit/loss for the year would have
been reduced by depreciation.
However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been
shown cannot be separately identified or quantified.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Grandbydale Limited (Registered number: 01413608)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7.

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2016 420,817
Additions 144,235
At 30 April 2017 565,052
DEPRECIATION
At 1 May 2016 95,748
Charge for year 9,435
At 30 April 2017 105,183
NET BOOK VALUE
At 30 April 2017 459,869
At 30 April 2016 325,069

Grandbydale Limited (Registered number: 01413608)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2016
and 30 April 2017 26,363
NET BOOK VALUE
At 30 April 2017 26,363
At 30 April 2016 26,363

The aggregate market value of listed investment at 30 April 2017 was £25,415 (2016: £25,415).

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2016
and 30 April 2017 210,000
NET BOOK VALUE
At 30 April 2017 210,000
At 30 April 2016 210,000

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2017 and 30 April 2016:

30.4.17 30.4.16
£    £   
J K B Pateland Mrs H J Patel
Balance outstanding at start of year 78,705 -
Amounts advanced 249,098 78,705
Amounts repaid (78,705 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 249,098 78,705

8. CONTROL

The company is controlled by the board of directors' by virtue of their majority shareholding.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Grandbydale Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.
Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the
Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Grandbydale Limited for the year ended 30 April 2017 which comprise the Abridged Income Statement, Abridged
Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given
us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Grandbydale Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Grandbydale Limited and state those matters that we have agreed to state to the Board of Directors of Grandbydale Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Grandbydale Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Grandbydale Limited. You consider that Grandbydale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Grandbydale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hardy & Company (Hyde) Ltd
Chartered Certified Accountants
Onward Chambers
34 Market Street
Hyde
Cheshire
SK14 1AH


6 November 2017