Thomas Charles Grant Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03810538 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JULY 2015

FOR

THOMAS CHARLES GRANT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A D Grant

Mrs C J Grant

SECRETARY:

Mrs C J Grant

REGISTERED OFFICE:

9 High Street

Woburn Sands

Milton Keynes

Buckinghamshire

MK17 8RF

REGISTERED NUMBER:

03810538 (England and Wales)

ACCOUNTANTS:

Camfield Chapman Lowe

9 High Street

Woburn Sands

Milton Keynes

MK17 8RF

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

124,992

97,921

124,992

97,921

CURRENT ASSETS

Stocks

2,985

7,196

Debtors

125,396

111,517

Cash at bank and in hand

4,377

6,335

132,758

125,048

CREDITORS

Amounts falling due within one year

187,550

182,399

NET CURRENT LIABILITIES

(54,792

)

(57,351

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

70,200

40,570

CREDITORS

Amounts falling due after more than one year

(48,990

)

(30,833

)

PROVISIONS FOR LIABILITIES

(20,890

)

(9,619

)

NET ASSETS

320

118

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

220

18

SHAREHOLDERS' FUNDS

320

118

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 28th July 2016 and were signed on its behalf by:

Mrs C J Grant - Director

Mr A D Grant - 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 1999, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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 1st August 2014

and 31st July 2015

130,025

AMORTISATION

At 1st August 2014

and 31st July 2015

130,025

NET BOOK VALUE

At 31st July 2015

-

At 31st July 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2014

264,775

Additions

44,428

At 31st July 2015

309,203

DEPRECIATION

At 1st August 2014

166,854

Charge for year

17,357

At 31st July 2015

184,211

NET BOOK VALUE

At 31st July 2015

124,992

At 31st July 2014

97,921

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100