Graphite Engineering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09728944 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

GRAPHITE ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

K Lambourne

Registered office:

Second Floor

1 Church Square

Leighton Buzzard

Bedfordshire

LU7 1AE

Registered number:

09728944 (England and Wales)

Accountants:

PKW Accountancy Ltd

Second Floor

1 Church Square

Leighton Buzzard

Bedfordshire

LU7 1AE

Fixed assets

Investments

4

308,027

308,027

Current assets

Debtors

5

1,000

1,000

Cash at bank

18,339

14,351

19,339

15,351

Creditors

Amounts falling due within one year

6

244,000

304,000

Net current liabilities

(224,661

)

(288,649

)

Total assets less current liabilities

83,366

19,378

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

82,366

18,378

Shareholders' funds

83,366

19,378

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 February 2019 and were signed by:

K Lambourne - Director

1.	Statutory information

Graphite Engineering 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

3.	Employees and directors

The average number of employees during the year was NIL (2017 - 1 ).

4.	Fixed asset investments

5.

Debtors: amounts falling due within one year

31.8.18

31.8.17

£

£

Called up share capital not paid

1,000

1,000

6.

Creditors: amounts falling due within one year

31.8.18

31.8.17

£

£

Amounts owed to group undertakings

244,000

304,000

7.	Related party disclosures

During the year, total dividends of £45,400 (2017 - £38,400) were paid to the director .

8.	Ultimate controlling party

The controlling party is K Lambourne.