Graham Preskett Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05257617 (England and Wales)

Financial Statements

for the Year Ended 31 October 2019

for

GRAHAM PRESKETT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Preskett

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

05257617 (England and Wales)

ACCOUNTANTS:

Conroy & Lermer

Chartered Accountants

42 Lytton Road

BARNET

EN5 5BY

FIXED ASSETS

Tangible assets

4

18,330

26,993

CURRENT ASSETS

Debtors

48,830

-

Cash at bank

19,539

45,866

68,369

45,866

CREDITORS

Amounts falling due within one year

31,404

19,728

NET CURRENT ASSETS

36,965

26,138

TOTAL ASSETS LESS CURRENT LIABILITIES

55,295

53,131

CAPITAL AND RESERVES

Called up share capital

5

400

400

Retained earnings

54,895

52,731

SHAREHOLDERS' FUNDS

55,295

53,131

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

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

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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2020 and were signed by:

Mr G Preskett - Director

1.	STATUTORY INFORMATION

Graham Preskett 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 invoiced sales of services, excluding value added tax.

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

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2018

88,783

Disposals

(24,075

)

At 31 October 2019

64,708

DEPRECIATION

At 1 November 2018

61,790

Charge for year

6,372

Eliminated on disposal

(21,784

)

At 31 October 2019

46,378

NET BOOK VALUE

At 31 October 2019

18,330

At 31 October 2018

26,993

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.19

31.10.18

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

100

Ordinary C

£1

100

100

100

Ordinary D

£1

100

100

400

400

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 October 2019 and 31 October 2018:

31.10.19

31.10.18

£

£

Mr G Preskett

Balance outstanding at start of year

-

-

Amounts advanced

68,761

75,210

Amounts repaid

(19,931

)

(75,210

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,830

-

At the balance sheet date, the director owed an amount of £48,830 (2018: £Nil) to the

company. The amount is interest free.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Preskett.