Grange Cars and Commercials Limited - Accounts to registrar (filleted) - small 18.2
Grange Cars and Commercials Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2019 |
| for |
| Grange Cars and Commercials Limited |
| Grange Cars and Commercials Limited (Registered number: 08321225) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Grange Cars and Commercials Limited |
| Company Information |
| for the Year Ended 31 January 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Mills |
| Canal Street |
| Derby |
| DE1 2RJ |
| Grange Cars and Commercials Limited (Registered number: 08321225) |
| Balance Sheet |
| 31 January 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director on |
| Grange Cars and Commercials Limited (Registered number: 08321225) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2019 |
| 1. | STATUTORY INFORMATION |
| Grange Cars and Commercials Limited is a |
| 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 |
| Turnover |
| Turnover represents net invoiced sales of vehicles excluding value added tax. Turnover is recognised |
| when the company has transferred the significant risks and rewards of ownership to the buyer and it is |
| probable that the company will receive the agreed upon payment. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated |
| useful life. |
| Plant and equipment | - 15% on reducing balance |
| Computer equipment | - 33% on cost |
| Investment property |
| Investment property is not depreciated but is revalued annually at its market value in accordance with |
| Section 1A "Small Entities' of Financial Reporting Standard 102 which is contrary to the requirement of |
| the Companies Act 2006 for all fixed assets to be depreciated. Any aggregate surplus or deficit arising |
| from changes in fair value are taken to the profit and loss account and transferred to a fair value |
| reserve. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow |
| moving items. Cost represents the invoiced value of vehicles purchased. |
| 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 |
| Grange Cars and Commercials Limited (Registered number: 08321225) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| equipment | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 January 2019 |
| DEPRECIATION |
| At 1 February 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2019 |
| NET BOOK VALUE |
| At 31 January 2019 |
| At 31 January 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| At 31 January 2019 |
| NET BOOK VALUE |
| At 31 January 2019 |
| Fair value at 31 January 2019 is represented by: |
| £ |
| Valuation in 2019 | 305,122 |
| If investment property had not been revalued it would have been included at the following historical |
| cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 305,122 | - |
| Aggregate depreciation | (509 | ) | - |
| Investment property was valued on a fair value basis on 31 January 2019 by the directors . |
| Grange Cars and Commercials Limited (Registered number: 08321225) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Director's current account | 224,256 | 208,423 |
| Accruals and deferred income |