Grange Court (Rode Heath) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08719319 (England and Wales)

Grange Court (Rode Heath) Limited

Unaudited Financial Statements

for the Year Ended 31 January 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Khan

Mrs E A Khan

SECRETARY:

REGISTERED OFFICE:

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

REGISTERED NUMBER:

08719319 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

FIXED ASSETS

Intangible assets

4

30,000

32,000

Tangible assets

5

11,414

14,724

41,414

46,724

CURRENT ASSETS

Stocks

19,764

20,963

Debtors

6

1,805

2,000

Cash at bank and in hand

16,928

21,798

38,497

44,761

CREDITORS

Amounts falling due within one year

7

25,271

30,709

NET CURRENT ASSETS

13,226

14,052

TOTAL ASSETS LESS CURRENT LIABILITIES

54,640

60,776

CREDITORS

Amounts falling due after more than one year

8

5,958

18,957

NET ASSETS

48,682

41,819

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

48,679

41,816

SHAREHOLDERS' FUNDS

48,682

41,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25 September 2019 and were signed on its behalf by:

Mrs E A Khan - Director

1.	STATUTORY INFORMATION

Grange Court (Rode Heath) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoice value of goods provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

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 assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 5 (2018 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2018

and 31 January 2019

40,000

AMORTISATION

At 1 February 2018

8,000

Charge for year

2,000

At 31 January 2019

10,000

NET BOOK VALUE

At 31 January 2019

30,000

At 31 January 2018

32,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2018

and 31 January 2019

29,267

6,153

35,420

DEPRECIATION

At 1 February 2018

17,279

3,417

20,696

Charge for year

2,398

912

3,310

At 31 January 2019

19,677

4,329

24,006

NET BOOK VALUE

At 31 January 2019

9,590

1,824

11,414

At 31 January 2018

11,988

2,736

14,724

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

1,805

2,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

10,854

17,080

Taxation and social security

11,419

11,095

Other creditors

2,998

2,534

25,271

30,709

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

5,958

18,957