Griffins Business Consultants Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08979828 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 4 APRIL 2014 TO 30 APRIL 2015

FOR

GRIFFINS BUSINESS CONSULTANTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N R Buckingham

C P Duggan

K H Weeks

REGISTERED OFFICE:

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

REGISTERED NUMBER:

08979828 (England and Wales)

ACCOUNTANTS:

Griffins

Chartered Accountants

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

FIXED ASSETS

Intangible assets

2

1,883,198

Tangible assets

3

94,472

1,977,670

CURRENT ASSETS

Stocks

500

Debtors

941,462

Cash at bank and in hand

383,237

1,325,199

CREDITORS

Amounts falling due within one year

686,374

NET CURRENT ASSETS

638,825

TOTAL ASSETS LESS CURRENT LIABILITIES

2,616,495

CREDITORS

Amounts falling due after more than one year

2,117,417

NET ASSETS

499,078

CAPITAL AND RESERVES

Called up share capital

4

10,000

Profit and loss account

489,078

SHAREHOLDERS' FUNDS

499,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2015 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 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 Board of Directors on 18 November 2015 and were signed on its behalf by:

K H Weeks - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

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

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,073,250

At 30 April 2015

2,073,250

AMORTISATION

Amortisation for period

190,052

At 30 April 2015

190,052

NET BOOK VALUE

At 30 April 2015

1,883,198

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

132,976

At 30 April 2015

132,976

DEPRECIATION

Charge for period

38,504

At 30 April 2015

38,504

NET BOOK VALUE

At 30 April 2015

94,472

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

39,360

A Ordinary

10p

3,936

39,360

B Ordinary

10p

3,936

21,280

C Ordinary

10p

2,128

10,000

The following shares were issued during the period for cash at par :

39,360 A Ordinary shares of 10p

39,360 B Ordinary shares of 10p

21,280 C Ordinary shares of 10p