S. Graham Rowlandson & Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00878625 (England and Wales)

Audited Financial Statements for the Year Ended 31 March 2019

for

S. Graham Rowlandson & Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R G St J Rowlandson FCA

E T M Rowlandson

A J Teoh FCCA

SECRETARY:

The Finance And Industrial Trust Limited

REGISTERED OFFICE:

Graham House

7 Wyllyotts Place

Potters Bar

Hertfordshire

EN6 2JD

REGISTERED NUMBER:

00878625 (England and Wales)

AUDITORS:

Grant Thornton UK LLP

Statutory Auditor and Chartered Accountants.

Kingfisher House

1 Gilders Way

St James Place

Norwich

Norfolk

NR3 1UB

BANKERS:

HSBC Bank Plc

The Royal Bank of Scotland

FIXED ASSETS

Tangible assets

4

-

1,237,930

CURRENT ASSETS

Debtors

5

6,508,429

257,041

Cash at bank and in hand

1,400

1,649

6,509,829

258,690

CREDITORS

Amounts falling due within one year

6

2,580,968

1,934,717

NET CURRENT ASSETS/(LIABILITIES)

3,928,861

(1,676,027

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,928,861

(438,097

)

CAPITAL AND RESERVES

Called up share capital

70,000

70,000

Retained earnings

3,858,861

(508,097

)

SHAREHOLDERS' FUNDS

3,928,861

(438,097

)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 5 November 2019 and were signed on its behalf by:

E T M Rowlandson - Director

1.	STATUTORY INFORMATION

S. Graham Rowlandson & Co. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Tangible fixed assets, other than long term leasehold properties, are stated at cost or valuation, net of

depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than

long term leasehold properties, at rates calculated to write off the cost or valuation as follows:-

Plant and Machinery 5% - 33% per annum on a straight line basis

Computer Software and Hardware 33% per annum on a straight line basis

Fixtures and fittings 5% per annum on a straight line basis

Residual value is calculated on prices prevailing at the date of acquisition or revaluation.

Long-term leasehold property

Long term leasehold properties are stated at valuation, net of impairment. It is the company's policy to maintain

its long-term leasehold property in a state of good repair and the directors, therefore, consider that the residual

value will be such that depreciation is not significant. Consequently depreciation is not provided on such

property which is revalued annually.

Impairment of tangible fixed assets is reviewed where circumstances exist to indicate that the carrying value of

the asset may not be recoverable. Impairments are charged to the to the profit and loss account. The reversal of

any previously recognised deficit over the cost of a property is credited to the profit and loss account.

Turnover

Turnover represents the value of services sold and fees receivable net of VAT in respect of the provision of

accounting, taxation and management services. The whole of the turnover is derived from the UK market.

Taxation

Corporation tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted

by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

right to pay less or to receive more tax.

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 underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates enacted or substantively enacted at the balance sheet date.

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on

demand.

Pension costs

The company operates a defined contribution group personal pension scheme. The amount charged to the profit

and loss account represents contributions payable by the company to the individual policies effected by the

employees with an independent Insurance Company in funds separate from the company's finances.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2018 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2018

1,200,000

3,879

135,200

90,407

1,429,486

Additions

-

-

6,795

17,331

24,126

Reclassification/transfer

(1,200,000

)

(3,879

)

(141,995

)

(107,738

)

(1,453,612

)

At 31 March 2019

-

-

-

-

-

DEPRECIATION

At 1 April 2018

-

2,878

116,424

72,254

191,556

Charge for year

-

130

2,255

8,818

11,203

Reclassification/transfer

-

(3,008

)

(118,679

)

(81,072

)

(202,759

)

At 31 March 2019

-

-

-

-

-

NET BOOK VALUE

At 31 March 2019

-

-

-

-

-

At 31 March 2018

1,200,000

1,001

18,776

18,153

1,237,930

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Amounts owed by group undertakings

76,200

43,934

Amounts owed by participating interests

6,341,546

-

Other debtors

6,223

4,070

Tax

27,023

134,441

Prepayments

57,437

74,596

6,508,429

257,041

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

9,027

19,569

Trade creditors

79,676

35,804

Amounts owed to group undertakings

2,320,321

1,748,912

Social security and other taxes

73,952

22,857

VAT

67,207

66,672

Other creditors

25,048

26,983

Accruals and deferred income

5,737

13,920

2,580,968

1,934,717

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

31.3.18

£

£

Bank overdrafts

9,027

19,569

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

James Brown (Senior Statutory Auditor)

for and on behalf of Grant Thornton UK LLP

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

10.	POST BALANCE SHEET EVENTS

There has been no event since the balance sheet date that could materially affect the state of affairs of the

company as at 31 March 2019 or that requires disclosure.

11.	ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY