Grosvenor Merchants Limited - Abbreviated accounts 16.1

Grosvenor Merchants Limited - Abbreviated accounts 16.1

GROSVENOR MERCHANTS LIMITED - Company Information

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REGISTERED NUMBER: 05526960 (England and Wales)









Abbreviated Accounts

for the Year Ended 31 July 2016

for

Grosvenor Merchants Limited

Grosvenor Merchants Limited (Registered number: 05526960)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Grosvenor Merchants Limited

Company Information
for the Year Ended 31 July 2016







DIRECTOR: BA Richins





REGISTERED OFFICE: 19b Holder Road
Aldershot
Hampshire
GU12 4RH





REGISTERED NUMBER: 05526960 (England and Wales)





ACCOUNTANTS: Perrin & Co
James House
153 Grosvenor Road
Aldershot
Hampshire
GU11 3EF
Page 1
Grosvenor Merchants Limited (Registered number: 05526960)

Abbreviated Balance Sheet
31 July 2016

31.7.16 31.7.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 49,250 54,175
Tangible assets 3 274,414 270,065
323,664 324,240

CURRENT ASSETS
Stocks 43,103 39,401
Debtors 61,353 65,485
Cash at bank and in hand 26,040 8,426
130,496 113,312
CREDITORS
Amounts falling due within one year 99,434 81,065
NET CURRENT ASSETS 31,062 32,247
TOTAL ASSETS LESS CURRENT
LIABILITIES
354,726
356,487

CREDITORS
Amounts falling due after more than one
year
155,257
171,627
NET ASSETS 199,469 184,860

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 198,469 183,860
SHAREHOLDERS' FUNDS 199,469 184,860

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 4 November 2016 and were signed by:





BA Richins - Director


The notes form part of these abbreviated accounts

Page 2
Grosvenor Merchants Limited (Registered number: 05526960)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 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 April 2008) with the exception of freehold property
which was subject to a professional valuation as at 31 July 2013, and the values herein reflect this.

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 2006, 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.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 98,500
AMORTISATION
At 1 August 2015 44,325
Amortisation for year 4,925
At 31 July 2016 49,250
NET BOOK VALUE

At 31 July 2016 49,250
At 31 July 2015 54,175

Page 3 continued...
Grosvenor Merchants Limited (Registered number: 05526960)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 300,631
Additions 12,483
At 31 July 2016 313,114
DEPRECIATION
At 1 August 2015 30,566
Charge for year 8,134
At 31 July 2016 38,700
NET BOOK VALUE
At 31 July 2016 274,414
At 31 July 2015 270,065

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.16 31.7.15
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 4