Graybill Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05151983 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Graybill Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

RH Hill

SECRETARY:

Mrs RJ Hill

REGISTERED OFFICE:

55 Kentish Town Road

Camden Town

London

NW1 8NX

REGISTERED NUMBER:

05151983 (England and Wales)

ACCOUNTANTS:

Mansfield & Co

55 Kentish Town Road

Camden Town

London

NW1 8NX

FIXED ASSETS

Tangible assets

2

610

814

CURRENT ASSETS

Debtors

24,571

28,073

Cash at bank

1,260

884

25,831

28,957

CREDITORS

Amounts falling due within one year

26,373

29,654

NET CURRENT LIABILITIES

(542

)

(697

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

68

117

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

66

115

SHAREHOLDERS' FUNDS

68

117

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 November 2016 and were signed by:

RH Hill - 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 net invoiced sales of services, excluding value added tax.

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

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

5,911

DEPRECIATION

At 1 April 2015

5,097

Charge for year

204

At 31 March 2016

5,301

NET BOOK VALUE

At 31 March 2016

610

At 31 March 2015

814

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Other debtors includes unsecured loans of £1,260 each to RH Hill who is a director of the company and RJ Hill

who is a shareholder of the company and connected to RH Hill. The was repaid on 21st November 2016.