Graham Latham Limited - Limited company - abbreviated

REGISTERED NUMBER: 04701600 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

GRAHAM LATHAM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G W Latham

SECRETARY:

Mrs J C Hislop

REGISTERED OFFICE:

Hedge House

Hangersley Hill

Ringwood

Hampshire

BH24 3JW

REGISTERED NUMBER:

04701600 (England and Wales)

FIXED ASSETS

Intangible assets

2

36,000

45,000

Tangible assets

3

41,268

15,678

77,268

60,678

CURRENT ASSETS

Stocks

7,043

9,797

Debtors

399,538

377,980

Cash at bank

655

9,486

407,236

397,263

CREDITORS

Amounts falling due within one year

4

151,735

180,641

NET CURRENT ASSETS

255,501

216,622

TOTAL ASSETS LESS CURRENT
LIABILITIES

332,769

277,300

CREDITORS

Amounts falling due after more than one
year

4

37,370

-

NET ASSETS

295,399

277,300

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

295,398

277,299

SHAREHOLDERS' FUNDS

295,399

277,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 7 December 2015 and were signed by:

G W Latham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifteen years.

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

-

33% on reducing balance and 33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Pension costs and other post-retirement benefits

The company contributes to the personal pension schemes of the director and certain employees. Contributions

are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

100,000

AMORTISATION

At 1 April 2014

55,000

Amortisation for year

9,000

At 31 March 2015

64,000

NET BOOK VALUE

At 31 March 2015

36,000

At 31 March 2014

45,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

80,567

Additions

56,132

Disposals

(54,177

)

At 31 March 2015

82,522

DEPRECIATION

At 1 April 2014

64,889

Charge for year

19,465

Eliminated on disposal

(43,100

)

At 31 March 2015

41,254

NET BOOK VALUE

At 31 March 2015

41,268

At 31 March 2014

15,678

4.

CREDITORS

Creditors include an amount of £ 44,232 (31.3.14 - £ 20,404 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

1

Ordinary

£1

1

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

G W Latham

Balance outstanding at start of year

-

Amounts advanced

60,973

-

Amounts repaid

-

Balance outstanding at end of year

60,973

-

The loan was partly repaid during the following year and £40,000 is treated as a loan to the director.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G W Latham.

Graham Latham Limited - Limited company - abbreviated - 11.9

Graham Latham Limited - Limited company - abbreviated - 11.9