TopGrass (South East) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05688909 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

TOPGRASS (SOUTH EAST) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T B Arnold

Mrs S A Arnold

I A Decourcy

REGISTERED OFFICE:

Camps Grange

Hoe Lane

Nazeing

Essex

EN9 2RG

REGISTERED NUMBER:

05688909 (England and Wales)

ACCOUNTANTS:

Geo. Little, Sebire & Co.

Oliver House

23 Windmill Hill

Enfield

EN2 7AB

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

49,623

43,126

49,623

43,126

CURRENT ASSETS

Stocks

5,395

4,737

Debtors

30,281

20,600

Cash at bank and in hand

128,757

116,425

164,433

141,762

CREDITORS

Amounts falling due within one year

211,973

170,002

NET CURRENT LIABILITIES

(47,540

)

(28,240

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,083

14,886

CAPITAL AND RESERVES

Called up share capital

4

100

Retained earnings

1,983

14,786

SHAREHOLDERS' FUNDS

2,083

14,886

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 July 2016 and were signed on its behalf by:

T B Arnold - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value, net of value added tax and discounts, of goods and services provided to

customers.

Goodwill

Goodwill is being written off in equal instalments over its estimated economic life of 5 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

-

33.3% on cost, 25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their

estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

19,000

AMORTISATION

At 1 January 2015

and 31 December 2015

19,000

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

131,674

Additions

30,959

Disposals

(19,030

)

At 31 December 2015

143,603

DEPRECIATION

At 1 January 2015

88,548

Charge for year

20,988

Eliminated on disposal

(15,556

)

At 31 December 2015

93,980

NET BOOK VALUE

At 31 December 2015

49,623

At 31 December 2014

43,126

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors includes an amount of £60,504 (2014: £48,779) and £Nil (2014: £5,940) due to the directors T

Arnold and S Arnold respectively. These loans are interest free with no fixed terms of repayment.

During the year dividends amounting to £58,000 (2014: £28,000) were paid to the director T Arnold.

6.	POST BALANCE SHEET EVENTS

On 1st January 2016, the company became a wholly owned subsidiary of Topgrass (UK) Limited, a company

registered in England and Wales and controlled by T Arnold.

On 1st January 2016 the company hived up its entire trade and all business assets to Topgrass (UK) Limited.