GRANGE SERVICE STATION LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 04582264 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

GRANGE SERVICE STATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M B Cohen

J G Cohen

SECRETARY:

J G Cohen

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

04582264 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

3,241

4,051

3,241

4,051

CURRENT ASSETS

Stocks

1,660

1,385

Debtors

792

1,901

Cash at bank

2,642

5,029

5,094

8,315

CREDITORS

Amounts falling due within one year

6,837

10,499

NET CURRENT LIABILITIES

(1,743

)

(2,184

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,498

1,867

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

1,496

1,865

SHAREHOLDERS' FUNDS

1,498

1,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 20 January 2017 and were signed on its behalf by:

M B Cohen - Director

J G Cohen - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten 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

-

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.

Deferred tax

Deferred tax has been calculated, but the amount involved is not significant enough to materially affect the

financial statements, and therefore no provision has been made.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

50,000

AMORTISATION

At 1 May 2015

and 30 April 2016

50,000

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

58,979

DEPRECIATION

At 1 May 2015

54,928

Charge for year

810

At 30 April 2016

55,738

NET BOOK VALUE

At 30 April 2016

3,241

At 30 April 2015

4,051

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2