Page & Grimes Limited
Page & Grimes Limited
Registered number: 02324862
Unaudited Financial Statements
For The Year Ended
31 August 2020
Page & Grimes Limited
Unaudited Financial Statements
For The Year Ended
31 August 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—7 |
Page & Grimes Limited
Balance Sheet
As at
31 August 2020
Balance Sheet
Registered number:
02324862
For the year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 4 |
|
|
||
| Tangible Assets | 5 |
|
|
||
| Investments | 6 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Stocks | 7 |
|
|
||
| Debtors | 8 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 9 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| Creditors: Amounts Falling Due After More Than One Year | 10 |
|
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 11 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 351,046 | 296,643 | |||
Page 1
Page & Grimes Limited
Balance Sheet (continued)
As at
31 August 2020
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page & Grimes Limited
Notes to the Financial Statements
For The Year Ended
31 August 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
1.5.
Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Page 3
Page & Grimes Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2020
1.7.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2020 | 2019 | ||
|---|---|---|---|
| Office and administration |
|
|
|
|
|
|
||
4.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at
|
|
||
| As at
|
|
||
| Net Book Value | |||
| As at
|
|
||
| As at
|
|
||
Page 4
Page & Grimes Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2020
5.
Tangible Assets
| Land & Property | |||||
|---|---|---|---|---|---|
| Leasehold | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at
|
|
|
|
|
|
| Additions |
|
|
|
|
|
| Disposals |
|
|
|
|
|
| As at
|
|
|
|
|
|
| Depreciation | |||||
| As at
|
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| Disposals |
|
|
|
|
|
| As at
|
|
|
|
|
|
| Net Book Value | |||||
| As at
|
|
|
|
|
|
| As at
|
|
|
|
|
|
6.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at
|
150 |
| As at
|
150 |
| Provision | |
| As at
|
- |
| As at
|
- |
| Net Book Value | |
| As at
|
150 |
| As at
|
150 |
Page 5
Page & Grimes Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2020
7.
Stocks
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - work in progress |
|
|
|
|
|
|
||
8.
Debtors
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
| Emma Rivers |
|
|
|
| Other taxes and social security |
|
|
|
| Marcus Grimes LLP |
|
|
|
| Rental Disbursements |
|
|
|
| Marcus Grimes (Henfield) Limited (Debtors < 1 year) | 94,850 | 94,850 | |
|
|
|
||
9.
Creditors: Amounts Falling Due Within One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Corporation tax |
|
|
|
| VAT |
|
|
|
| Net wages | - | 7,889 | |
| Other creditors |
|
|
|
| Abigail expenses |
|
|
|
| Agents mutual |
|
|
|
| Tenants deposits |
|
|
|
| Pension contributions |
|
|
|
| Accruals and deferred income |
|
|
|
| Director's loan account |
|
|
|
| Page & Grimes (Henfield) (Current liabilities - creditors < 1 year) | 12,860 | 12,860 | |
| Client escrow account |
|
|
|
| HSBC credit card |
|
|
|
|
|
|
||
Page 6
Page & Grimes Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2020
10.
Creditors: Amounts Falling Due After More Than One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Directors loan account |
|
|
|
|
|
|
||
12.
Directors Advances, Credits and Guarantees
Dividends paid to directors
13.
Dividends
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
|
|
|
| 15,000 | 30,000 | ||
14.
Related Party Transactions
15.
General Information
Page & Grimes Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
02324862
. The registered office is Priestfield Farm, Henfield Road, Albourne, Hassocks, BN6 9DE.
Page 7