Accounts filed on 31-12-2018

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			Company registration number:04998505
		SOUTHERN GRILLE & GATE LIMITED
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 December 2018

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SOUTHERN GRILLE & GATE LIMITED
BALANCE SHEET
AS AT 31 December 2018
					2018				2017
				Notes	£		£		£		£
FIXED ASSETS
Intangible assets				3			0				13,699
Tangible assets				4			212,906				197,245
							212,906				210,944
CURRENT ASSETS
Stocks					142,319				129,819
Debtors				5	450,713				687,081
Cash at bank and in hand					256,199				8,460
					849,231				825,360
CREDITORS
Amounts falling due within one year				6	(447,585)				(442,060)
NET CURRENT ASSETS							401,646				383,300
TOTAL ASSETS LESS
CURRENT LIABILITIES							614,552				594,244
Creditors falling due after one year				7			(6,511)				(125,933)
PROVISIONS FOR LIABILITIES							(29,969)				(21,693)
NET ASSETS							578,072				446,618
CAPITAL AND RESERVES
Called-up equity share capital				8			100				100
Profit and loss account							577,972				446,518
SHAREHOLDERS FUNDS							578,072				446,618
For the year ending 31 December 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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 7 September 2019 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
A Nurse
7 September 2019
The annexed notes form part of these financial statements.

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SOUTHERN GRILLE & GATE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2018
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
	Balance at 1 January 2017			100	0	383,042	0	0	383,142
	Changes in equity
	Dividend			0	0	(73,500)	0	0	(73,500)
	Total Comprehensive Income			0	0	136,976	0	0	136,976
	Balance at 31 December 2017			100	0	446,518	0	0	446,618
	Changes in equity
	Dividend			0	0	(88,327)	0	0	(88,327)
	Total comprehensive income			0	0	219,781	0	0	219,781
	Balance at 31 December 2018			100	0	577,972	0	0	578,072

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SOUTHERN GRILLE & GATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible Assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. Before 2016 goodwill was written off in equal annual instalments over its estimated economic life of twenty years. From 2016 the estimated econimic life was revised down to five years under the new FRS102 accounting rules. The businesses were purchased in 2004 and 2007.

Foreign Currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i 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% per annum of cost

Fixtures and Fittings - 20 - 33% per annum of cost

Motor Vehicles - 20% per annum of cost

Short term lease - 5% per annum of lease

Stocks and Work In Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Pension Scheme

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Research and Development

Expenditure on research and development is written off in the year in which it is incurred.

Company information

Southern Grille & Gate Limited is a private company limited by shares incorporated in England & Wales within the United Kingdom. The address of the registered office is Denmark House 143 High Street, Chalfont St Peter, Buckinghamshire SL9 9QL The company's registration number is 04998505.

2.

Employees

The average number of persons employed by the company (including directors during the year was 38 (2017 : 36).

3.	Intangible fixed assets
				Total
	Cost
	At start of period			288,000
	At end of period			288,000
	Amortisation
	At start of period			274,301
	Provided during the period			13,699
	At end of period			288,000
	Net Book Values
	At start of period			13,699
	At end of period			0

4.	Tangible fixed assets
				Total
	Cost
	At start of period			919,866
	Additions			99,477
	Disposals			(61,767)
	At end of period			957,576
	Depreciation
	At start of period			722,621
	Provided during the period			62,852
	On disposals			(40,803)
	At end of period			744,670
	Net Book Value
	At start of period			197,245
	At end of period			212,906

5.	Debtors
					2018	2017
					£	£
	Due within one year
	Trade Debtors				419,845	573,416
	Amounts owed by group undertakings				0	20,000
	Other Debtors				1,068	46,417
	Prepayments and accrued income				29,800	47,248
					450,713	687,081

6.	Creditors due within one year
					2018	2017
					£	£
	Obligations under finance leases				14,981	31,126
	Trade creditors				337,409	267,870
	Bank Loans and Overdrafts				13,606	23,953
	Corporation Tax				41,854	16,767
	Other taxes and social security costs				21,755	80,891
	Other creditors				7,308	6,407
	Accruals and deferred income				10,671	15,045
	Loan from directors				1	1
					447,585	442,060
	The bank overdraft & loan accounts are secured by personal guarantees given by the directors which are joint and several.
7.								Creditors due after one year
					2018	2017
					£	£
	Obligations under finance leases				6,511	25,933
	Other creditors				0	100,000
					6,511	125,933

8.	Share capital				Alloted, Issued and fully paid
					2018	2017
					£	£
	Ordinary A shares of £1 each				90	90
	Ordinary B shares of £1 each				10	10
	Total issued share capital				100	100

9.

Pension schemes

The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. During the year £12,929 was contributed.

10.

Related Party Transactions

The loan of £100,000 made by the mother of one of the directors was repaid this year in full. Interest was payable by the company on this loan.