Graymarsh Property Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04770785 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

GRAYMARSH PROPERTY SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Miss S C Dickinson

Miss G C Dickinson

REGISTERED OFFICE:

Holland House

1-5 Oakfield

Sale

Cheshire

M33 6TT

REGISTERED NUMBER:

04770785 (England and Wales)

ACCOUNTANTS:

Harold Sharp

Chartered Accountants

Holland House

1-5 Oakfield

Sale

Cheshire

M33 6TT

FIXED ASSETS

Tangible assets

2

2,948

3,966

CURRENT ASSETS

Debtors

30,412

28,440

Cash at bank and in hand

30,278

41,358

60,690

69,798

CREDITORS

Amounts falling due within one year

27,414

33,228

NET CURRENT ASSETS

33,276

36,570

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,224

40,536

PROVISIONS FOR LIABILITIES

590

710

NET ASSETS

35,634

39,826

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

35,632

39,824

SHAREHOLDERS' FUNDS

35,634

39,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 30 September 2016 and were signed on its behalf
by:

Miss S C Dickinson - 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 January 2015).

Turnover

Turnover represents the value of services provided in the period, net of value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off

the cost of fixed assets, less their estimated residual value, over their expected useful life lives on the following

bases:

Fixtures and fittings - 15% reducing balance

Computer equipment - 33% straight line

Deferred tax

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

balance sheet date, where transactions or events that result in an obligation to pay more tax in the future or a

right to pay less tax in the future have occurred at the balance sheet date.

A net deferred tax asset is recognised as recoverable and therefore recognised only when, on the basis of all

available evidence, it can be regarded as more likely than not that there will be suitable taxable profits against

which to recover carried forward tax losses and from which the future reversal of underlying timing differences

can be deducted.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted

by the balance sheet date. Deferred tax is measured on an undiscounted basis.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

17,207

Additions

339

At 31 May 2016

17,546

DEPRECIATION

At 1 June 2015

13,241

Charge for year

1,357

At 31 May 2016

14,598

NET BOOK VALUE

At 31 May 2016

2,948

At 31 May 2015

3,966

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2