Gregory Brown (Staines) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05296384 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Gregory Brown (Staines) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Elliott

W H Whitelock

SECRETARY:

T Elliott

REGISTERED OFFICE:

127a High Street

Staines-upon-Thames

Middlesex

TW18 4PD

REGISTERED NUMBER:

05296384 (England and Wales)

ACCOUNTANTS:

Thompson Jones Business Solutions Limited

2 Heap Bridge

Bury

Lancashire

BL9 7HR

FIXED ASSETS

Tangible assets

5

185

735

CURRENT ASSETS

Debtors

6

1,099,464

848,258

Cash at bank

117,919

275,630

1,217,383

1,123,888

CREDITORS

Amounts falling due within one year

7

(92,521

)

(48,208

)

NET CURRENT ASSETS

1,124,862

1,075,680

TOTAL ASSETS LESS CURRENT LIABILITIES

1,125,047

1,076,415

CREDITORS

Amounts falling due after more than one year

8

-

(50,000

)

NET ASSETS

1,125,047

1,026,415

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Retained earnings

1,115,047

1,016,415

SHAREHOLDERS' FUNDS

1,125,047

1,026,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2022 and were signed on its behalf by:

T Elliott - Director

1.	STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:

127A High Street,

Staines,

Middlesex,

United Kingdom,

TW18 4PD

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual value over their useful lives on the following basis:

Fixtures & fittings

25% on cost

Computers

50% on cost

Motor vehicles

25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is created or charged to profit or loss.

FINANCIAL INSTRUMENTS

Basic financial assets

Basic financial asset, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial asset classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debts instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

EMPLOYEE BENEFITS AND RETIREMENT BENEFITS

Employee Benefits

The cost of short term employee benefits are recognised as liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably commited to terminate the employment of an employee or to provide termination benefits.

Retirement Benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CASH AT BANK AND IN HAND

Cash and cash equivalent are basic financial assets which include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LEASES

Rentals payable under operating lease, including any lease incentive received, are charged to profit and loss account on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time patterns in which economic benefit from the leases asset are consumed.

Rental income from operating lease is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2021

2,115

3,750

6,787

12,652

Additions

-

-

344

344

At 31 March 2022

2,115

3,750

7,131

12,996

DEPRECIATION

At 1 April 2021

2,112

3,749

6,056

11,917

Charge for year

-

-

894

894

At 31 March 2022

2,112

3,749

6,950

12,811

NET BOOK VALUE

At 31 March 2022

3

1

181

185

At 31 March 2021

3

1

731

735

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

54,891

79,497

Other debtors

1,044,573

768,761

1,099,464

848,258

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

3,534

3,301

Taxation and social security

31,504

37,707

Other creditors

57,483

7,200

92,521

48,208

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

-

50,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

10,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

10,000

Ordinary share capital

£1

10,000

10,000

10.	PENSION COMMITMENTS

At the year end, pension contribution amounting to £38 (2021: £33) were outstanding from the company and are shown in other creditors due in 1 year.