GRAYS FINE ART LIMITED

GRAYS FINE ART LIMITED

GRAYS FINE ART LIMITED - Company Information

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GRAYS FINE ART LIMITED

Company Registration Number:
08363181 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

GRAYS FINE ART LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

GRAYS FINE ART LIMITED

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 454,399 462,274
Total fixed assets: 454,399 462,274
Current assets
Stocks: 118,000 118,000
Debtors:   24 24
Cash at bank and in hand: 19,413 33,280
Total current assets: 137,437 151,304
Creditors: amounts falling due within one year:   (573,570) (595,593)
Net current assets (liabilities): (436,133) (444,289)
Total assets less current liabilities: 18,266 17,985
Provision for liabilities:   0
Total net assets (liabilities): 18,266 17,985
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 18,264 17,983
Shareholders funds: 18,266 17,985

The notes form part of these financial statements

GRAYS FINE ART LIMITED

Balance sheet statements

For the year ending 30 June 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 July 2019
and signed on behalf of the board by:

Name: J Gray
Status: Director

The notes form part of these financial statements

GRAYS FINE ART LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GRAYS FINE ART LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Tangible Assets

Total
Cost £
At 01 July 2017 506,209
At 30 June 2018 506,209
Depreciation
At 01 July 2017 43,935
Charge for year 7,875
At 30 June 2018 51,810
Net book value
At 30 June 2018 454,399
At 30 June 2017 462,274