Gurney & White Limited - Accounts to registrar (filleted) - small 18.2

Gurney & White Limited - Accounts to registrar (filleted) - small 18.2

GURNEY & WHITE LIMITED - Company Information

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REGISTERED NUMBER: 01522394 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

GURNEY & WHITE LIMITED
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GURNEY & WHITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: J Gurney
K G White





SECRETARY: J Gurney





REGISTERED OFFICE: 2 Barmeston Road
Catford
London
SE6 3BH





REGISTERED NUMBER: 01522394 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Plaza Building
Lee High Road
Lewisham
London
SE13 5PT
Page 1
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)

BALANCE SHEET
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,447 48,428
Investments 5 2,550 2,550
46,997 50,978

CURRENT ASSETS
Stocks 272,376 149,828
Debtors 6 69,653 159,523
Cash at bank and in hand 228,840 268,284
570,869 577,635
CREDITORS
Amounts falling due within one year 7 250,190 242,891
NET CURRENT ASSETS 320,679 334,744
TOTAL ASSETS LESS CURRENT
LIABILITIES
367,676
385,722

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 362,676 380,722
SHAREHOLDERS' FUNDS 367,676 385,722

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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...
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)

BALANCE SHEET - continued
31 DECEMBER 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
14 September 2020 and were signed on its behalf by:




J Gurney - Director



K G White - Director


The notes form part of these financial statements

Page 3
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Gurney & White 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 - 25% 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.

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 20 (2018 - 20 ) .

Page 4 continued...
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019 250,898
Additions 22,654
Disposals (38,995 )
At 31 December 2019 234,557
DEPRECIATION
At 1 January 2019 202,470
Charge for year 14,817
Eliminated on disposal (27,177 )
At 31 December 2019 190,110
NET BOOK VALUE
At 31 December 2019 44,447
At 31 December 2018 48,428

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2019
and 31 December 2019 2,550
NET BOOK VALUE
At 31 December 2019 2,550
At 31 December 2018 2,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 69,194 158,790
Other debtors 459 733
69,653 159,523

Page 5 continued...
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 202,636 205,789
Taxation and social security 42,054 31,602
Other creditors 5,500 5,500
250,190 242,891

Page 6