Graham Packer Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04354464 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

GRAHAM PACKER LTD

T/A

ROY HUBBARD MOTORS

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

G J Packer

Mrs K Packer

REGISTERED OFFICE:

Farndon Road

Market Harborough

Leicestershire

LE16 9NP

REGISTERED NUMBER:

04354464 (England and Wales)

ACCOUNTANTS:

Crowfoot Accountants Limited

Lonsdale

High Street

Lutterworth

Leicestershire

LE17 4AD

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

83,430

76,185

83,430

76,185

CURRENT ASSETS

Stocks

1,350

1,350

Debtors

22,800

20,439

Cash at bank

153,334

140,451

177,484

162,240

CREDITORS

Amounts falling due within one year

77,179

71,410

NET CURRENT ASSETS

100,305

90,830

TOTAL ASSETS LESS CURRENT LIABILITIES

183,735

167,015

PROVISIONS FOR LIABILITIES

12,004

13,380

NET ASSETS

171,731

153,635

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

171,729

153,633

SHAREHOLDERS' FUNDS

171,731

153,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 24 September 2014 and were signed on its behalf by:

G J Packer - Director

Mrs K Packer - 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 2002, 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.

Equipment

-

15% on reducing balance

Motor vehicles

-

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.

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

At 1 January 2013

and 31 December 2013

14,000

AMORTISATION

At 1 January 2013

and 31 December 2013

14,000

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

169,927

Additions

22,461

At 31 December 2013

192,388

DEPRECIATION

At 1 January 2013

93,742

Charge for year

15,216

At 31 December 2013

108,958

NET BOOK VALUE

At 31 December 2013

83,430

At 31 December 2012

76,185

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

2

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Graham Packer Ltd for the year ended 31 December 2013 which

comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we

are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the Board of Directors of Graham Packer Ltd, as a body, in accordance with

our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial

statements of Graham Packer Ltd and state those matters that we have agreed to state to the Board of

Directors of Graham Packer Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility

to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graham Packer Ltd has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and

profit of Graham Packer Ltd. You consider that Graham Packer Ltd is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Graham

Packer Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records

or information and explanations you have given to us and we do not, therefore, express any opinion on

the statutory financial statements.

Crowfoot Accountants Limited

Lonsdale

High Street

Lutterworth

Leicestershire

LE17 4AD

24 September 2014