Grafton Bespoke Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08456955 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

GRAFTON BESPOKE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mark Eccles

Simon Nurney

REGISTERED OFFICE:

10 Norwich Street

London

EC4A 1BD

REGISTERED NUMBER:

08456955 (England and Wales)

ACCOUNTANTS:

Nicholson & Co.

Chartered Accountants

7 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

2

3,706

4,941

CURRENT ASSETS

Debtors

132,024

180,791

Cash at bank and in hand

88,441

85,927

220,465

266,718

CREDITORS

Amounts falling due within one year

(50,042

)

(103,622

)

NET CURRENT ASSETS

170,423

163,096

TOTAL ASSETS LESS CURRENT
LIABILITIES

174,129

168,037

CAPITAL AND RESERVES

Called up share capital

3

5

Share premium

4,995

Profit and loss account

169,129

163,037

SHAREHOLDERS' FUNDS

174,129

168,037

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 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 26 July 2016 and were signed on its behalf by:

Mark Eccles - 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 goods, 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.

Computer equipment

-

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

7,227

DEPRECIATION

At 1 April 2015

2,286

Charge for year

1,235

At 31 March 2016

3,521

NET BOOK VALUE

At 31 March 2016

3,706

At 31 March 2015

4,941

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

5

Ordinary

£1

5

4.	ULTIMATE PARENT COMPANY

Grafton & Co Limited is regarded by the directors as being the company's ultimate parent company.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

Mark Eccles

Balance outstanding at start of year

16,000

-

Amounts advanced

-

16,000

Amounts repaid

(16,000

)

-

Balance outstanding at end of year

-

16,000

The loan was repaid on the 22nd June 2015.