Gifford Grant Limited - Accounts to registrar (filleted) - small 18.2

Gifford Grant Limited - Accounts to registrar (filleted) - small 18.2

GIFFORD GRANT LIMITED - Company Information

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REGISTERED NUMBER: 03088075 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2019

for

Gifford Grant Limited
Gifford Grant Limited (Registered number: 03088075)






Contents of the Financial Statements
for the year ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gifford Grant Limited

Company Information
for the year ended 30 September 2019







DIRECTORS: N L Forgette
S.J Price





SECRETARY: MP Secretaries Limited





REGISTERED OFFICE: Old Gunn Court
1 North Street
Dorking
Surrey
RH4 1DE





REGISTERED NUMBER: 03088075 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE
Page 1
Gifford Grant Limited (Registered number: 03088075)

Balance Sheet
30 September 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,753 18,963

CURRENT ASSETS
Stocks 25,363 37,877
Debtors 5 15,106 17,970
Cash at bank 24,163 46,154
64,632 102,001
CREDITORS
Amounts falling due within one year 6 15,012 26,092
NET CURRENT ASSETS 49,620 75,909
TOTAL ASSETS LESS CURRENT
LIABILITIES
67,373
94,872

CAPITAL AND RESERVES
Called up share capital 1,006 1,006
Retained earnings 66,367 93,866
SHAREHOLDERS' FUNDS 67,373 94,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
Gifford Grant Limited (Registered number: 03088075)

Balance Sheet - continued
30 September 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 26 June 2020 and were signed
on its behalf by:





S.J Price - Director


The notes form part of these financial statements

Page 3
Gifford Grant Limited (Registered number: 03088075)

Notes to the Financial Statements
for the year ended 30 September 2019

1. STATUTORY INFORMATION

Gifford Grant 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 30% on reducing balance and 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred 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 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.

Page 4 continued...
Gifford Grant Limited (Registered number: 03088075)

Notes to the Financial Statements - continued
for the year ended 30 September 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2018 23,233 14,449 37,682
Additions - 3,450 3,450
Disposals - (3,300 ) (3,300 )
At 30 September 2019 23,233 14,599 37,832
DEPRECIATION
At 1 October 2018 4,493 14,226 18,719
Charge for year 3,840 820 4,660
Eliminated on disposal - (3,300 ) (3,300 )
At 30 September 2019 8,333 11,746 20,079
NET BOOK VALUE
At 30 September 2019 14,900 2,853 17,753
At 30 September 2018 18,740 223 18,963

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade debtors 11,364 14,984
Other debtors 3,742 2,986
15,106 17,970

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade creditors 6,275 15,864
Taxation and social security 3,154 3,702
Other creditors 5,583 6,526
15,012 26,092

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N.L Forgette.

Page 5