Company Registration No. 03731072 (England and Wales)
Grange Developments 2000 Limited
Unaudited abbreviated financial statements
For the year ended 31 March 2015
GRANGE DEVELOPMENTS 2000 LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
GRANGE DEVELOPMENTS 2000 LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
27,609
31,682
Current assets
Stocks
324,045
264,877
Debtors
213,904
84,805
Cash at bank and in hand
30,524
76,949
568,473
426,631
Creditors: amounts falling due within one year
(158,609)
(134,584)
Net current assets
409,864
292,047
Total assets less current liabilities
437,473
323,729
Provisions for liabilities
(4,438)
(4,438)
433,035
319,291
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
432,935
319,191
Shareholders'  funds
433,035
319,291
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 November 2015
Mr D Hart
Director
Company Registration No. 03731072
GRANGE DEVELOPMENTS 2000 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
20% reducing balance
Motor vehicles
20-25% reducing balance
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
141,424
Additions
3,428
At 31 March 2015
144,852
Depreciation
At 1 April 2014
109,742
Charge for the period
7,501
At 31 March 2015
117,243
Net book value
At 31 March 2015
27,609
At 31 March 2014
31,682
GRANGE DEVELOPMENTS 2000 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
4
Related party relationships and transactions
Loans to directors

The following directors had loans during the year. The movement on these loans are as follows:

Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr D Hart
Current account
3.00
(315)
168,706
1,222
86,579
83,034
(315)
168,706
1,222
86,579
83,034

The loans are unsecured, repayable on demand and granted on a commercial rate of interest.

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