GRAHAM PACKER LIMITED

GRAHAM PACKER LIMITED

GRAHAM PACKER LIMITED - Company Information

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GRAHAM PACKER LIMITED

Company Registration Number:
04354464 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

GRAHAM PACKER LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

GRAHAM PACKER LIMITED

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 162,385 156,228
Total fixed assets: 162,385 156,228
Current assets
Stocks: 1,350 1,350
Debtors:   34,368 34,521
Cash at bank and in hand: 83,503 99,719
Total current assets: 119,221 135,590
Creditors: amounts falling due within one year: 4 (58,742) (70,753)
Net current assets (liabilities): 60,479 64,837
Total assets less current liabilities: 222,864 221,065
Provision for liabilities: (14,606) (12,844)
Total net assets (liabilities): 208,258 208,221
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 208,256 208,219
Shareholders funds: 208,258 208,221

The notes form part of these financial statements

GRAHAM PACKER LIMITED

Balance sheet statements

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 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 30 September 2019
and signed on behalf of the board by:

Name: Mr G J Packer and Mrs K Packer
Status: Director

The notes form part of these financial statements

GRAHAM PACKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Tangible fixed assetsDepreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Equipment 15% on reducing balance Motor vehicles 25% on reducing balance

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other accounting policies

Deferred taxDeferred 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.Pension costs and other post-retirement benefitsThe 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.

GRAHAM PACKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Employees

2018 2017
Average number of employees during the period 8 7

GRAHAM PACKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Tangible Assets

Total
Cost £
At 01 January 2018 319,370
Additions 25,429
Disposals (17,068)
At 31 December 2018 327,731
Depreciation
At 01 January 2018 163,142
Charge for year 16,557
On disposals (14,353)
At 31 December 2018 165,346
Net book value
At 31 December 2018 162,385
At 31 December 2017 156,228

GRAHAM PACKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Creditors: amounts falling due within one year note

Creditors £58,742

GRAHAM PACKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

5. Related party transactions

At 31 December 2018, an amount of £355 was due to the directors' which amount is included within creditors on the balance sheet.