Grange Court (Rode Heath) Limited - Abbreviated accounts 16.1

Grange Court (Rode Heath) Limited - Abbreviated accounts 16.1

GRANGE COURT (RODE HEATH) LTD - Company Information

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REGISTERED NUMBER: 08719319 (England and Wales)















Grange Court (Rode Heath) Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2016






Grange Court (Rode Heath) Limited (Registered number: 08719319)






Contents of the Abbreviated Accounts
for the year ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Grange Court (Rode Heath) Limited

Company Information
for the year ended 31 January 2016







DIRECTORS: M Khan
Mrs E A Khan





SECRETARY:





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 08719319 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB
Page 1
Grange Court (Rode Heath) Limited (Registered number: 08719319)

Abbreviated Balance Sheet
31 January 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 36,000 38,000
Tangible assets 3 22,316 27,894
58,316 65,894

CURRENT ASSETS
Stocks 28,717 27,103
Debtors 32,226 33,596
Cash at bank and in hand 20,345 52,732
81,288 113,431
CREDITORS
Amounts falling due within one year 26,668 43,372
NET CURRENT ASSETS 54,620 70,059
TOTAL ASSETS LESS CURRENT
LIABILITIES
112,936
135,953

CREDITORS
Amounts falling due after more than one
year
69,837
87,355
NET ASSETS 43,099 48,598

CAPITAL AND RESERVES
Called up share capital 4 3 3
Profit and loss account 43,096 48,595
SHAREHOLDERS' FUNDS 43,099 48,598

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 notes form part of these abbreviated accounts

Page 2 continued...
Grange Court (Rode Heath) Limited (Registered number: 08719319)

Abbreviated Balance Sheet - continued
31 January 2016


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 October 2016 and were signed on its
behalf by:





Mrs E A Khan - Director


The notes form part of these abbreviated accounts

Page 3
Grange Court (Rode Heath) Limited (Registered number: 08719319)

Notes to the Abbreviated Accounts
for the year ended 31 January 2016

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 net invoice value of goods provided, 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 twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 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.

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 40,000
AMORTISATION
At 1 February 2015 2,000
Amortisation for year 2,000
At 31 January 2016 4,000
NET BOOK VALUE

At 31 January 2016 36,000
At 31 January 2015 38,000

Page 4 continued...
Grange Court (Rode Heath) Limited (Registered number: 08719319)

Notes to the Abbreviated Accounts - continued
for the year ended 31 January 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 34,867
DEPRECIATION
At 1 February 2015 6,973
Charge for year 5,578
At 31 January 2016 12,551
NET BOOK VALUE
At 31 January 2016 22,316
At 31 January 2015 27,894

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1
1 Ordinary B Shares £1 1 1
1 Ordinary C Shares £1 1 1
3 3

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account balance was repaid within 9 months.

Page 5