Accounts filed on 30-04-2016

Accounts filed on 30-04-2016

FROGMORE GRANGE LIMITED - Company Information

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FROGMORE GRANGE LIMITED

Company Registration Number:
06091639 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 May 2015

End date: 30 April 2016

FROGMORE GRANGE LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

FROGMORE GRANGE LIMITED

Company Information

for the Period Ended 30 April 2016




Director: James Michael Sephton
Secretary: Marie Coulton-Knight
Registered office: Frogmore Grange, Frog Lane
Balsall Common
Coventry
CV7 7FA
Company Registration Number: 06091639 (England and Wales)

FROGMORE GRANGE LIMITED

Directors' Report Period Ended 30 April 2016

The directors present their report with the financial statements of the company for the period ended 30 April 2016

Principal Activities

The Company's principal activity during the period was retail sales and provision of activity space and facilities.

Directors
 The directors shown below have held office during the whole of the period from
01 May 2015 to 30 April 2016
James Michael Sephton

Political and charitable donations

The Company made a charitable donation of £165.00 during the period. No political donations were made.

Company policy on the employment of disabled persons

Equal opportunities are about good employment practices that should reflect the Company's commitment to the principle of fair and equal treatment of all its employees.

The Company is an equal opportunities employer. As such, it is our policy to treat job applicants and employees in the same way, regardless of their sex, marital status, race, sexual orientation, religious or other philosophical beliefs, disability or age; nor will it discriminate on any other grounds currently not prohibited by legislation except where this is necessary to ensure the job is done effectively and safely.

The Company believes that people should be valued as individuals for reasons related to business interests, as well as moral and social reasons. We recognise that people from different backgrounds bring fresh ideas and perceptions, which add value to our business. Managing diversity helps us to nurture creativity and innovation and to tap capacity for growth and competitiveness.

Every employee has a personal responsibility for the implementation of the policy. Any instance of doubt with the application of the policy or other questions should be addressed to the Directors, as should any requests for special training.

The policy applies to the advertisement of jobs, recruitment and appointment to them, conditions of work, pay and to every other aspect of employment.

All employees will thus have equal opportunities for promotion, training or transfer and will receive equal terms and conditions of employment.

The policy applies equally to the treatment of our clients/customers and other third parties that employees come in to contact with during the course of their duties.

Discrimination, whether direct or indirect in nature, will not be tolerated in any form and any allegations of the same will be treated very seriously.

Additional information

During the coming year the company is looking to continue in its primary business and to expand the company, services provide and continue to build and grow the on site facilities, as part of its ongoing development programme.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 30 January 2017
And Signed On Behalf Of The Board By:

Name: James Michael Sephton
Status: Director

FROGMORE GRANGE LIMITED

Profit and Loss Account

for the Period Ended 30 April 2016


Notes
2016
£
2015
£
Turnover: 2 189,689 170,450
Cost of sales: ( 146,112 ) ( 124,364 )
Gross profit or (loss): 43,577 46,086
Distribution costs: ( 7,125 ) ( 5,256 )
Administrative expenses: ( 51,060 ) ( 55,449 )
Other operating income: 56,121 33,782
Operating profit or (loss): 41,513 19,163
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit or (loss) on ordinary activities before taxation: 41,513 19,163
Tax on profit or (loss) on ordinary activities: 0 0
Profit or (loss) for the financial year: 41,513 19,163

The notes form part of these financial statements

FROGMORE GRANGE LIMITED

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

FROGMORE GRANGE LIMITED

Balance sheet

As at 30 April 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 3 280,688 290,199
Total fixed assets: 280,688 290,199
Current assets
Stocks: 4 119,133 94,122
Cash at bank and in hand: 100 100
Total current assets: 119,233 94,222
Creditors: amounts falling due within one year: 5, 7 ( 11,600 ) ( 10,825 )
Net current assets (liabilities): 107,633 83,397
Total assets less current liabilities: 388,321 373,596
Creditors: amounts falling due after more than one year: 6 ( 473,450 ) ( 500,138 )
Provision for liabilities: 0 0
Total net assets (liabilities): ( 85,129 ) ( 126,542 )

The notes form part of these financial statements

FROGMORE GRANGE LIMITED

Balance sheet continued

As at 30 April 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 8 100 100
Revaluation reserve: 0 0
Profit and loss account: 9 ( 85,229 ) ( 126,642 )
Shareholders funds: ( 85,129 ) ( 126,542 )

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 30 January 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: James Michael Sephton
Status: Director

The notes form part of these financial statements

FROGMORE GRANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities

    Turnover policy

    Turnover represents the total invoices value, excluding value added tax, of sales made during the year.

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows per annum:-
    Fixtures and Fittings - % depreciation at 15%
    Electronics - Straight-line Depreciation of 5 years
    Vehicles - % depreciation at 15%
    Buildings - % depreciation at 5%

    Intangible fixed assets amortisation policy

    Not applicable

    Valuation information and policy

    Stock is valued at the lower of cost and net realizable value

    Other accounting policies

    The Company adopted Financial Reporting Standard 19 "Deferred Taxation" (FRS 19) during the Financial Period. Deferred Tax is recognised in respect of all Timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
    Deferred Tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted

FROGMORE GRANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 2. Turnover

    All the Company's Turnover for the year was from its principal business activities in the UK.

FROGMORE GRANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 3. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 May 2015: 286,752 20,187 11,132 10,588 9,115 337,774
    Additions: 0 389 9,991 0 0 10,380
    Disposals: 0 0 0 0 0 0
    Revaluations: 0 0 0 0 0 0
    Transfers: 0 0 0 0 0 0
    30 April 2016: 286,752 20,576 21,123 10,588 9,115 348,154
    Depreciation
    01 May 2015: 30,815 7,788 2,424 3,603 2,945 47,575
    Charge for year: 12,032 1,918 3,168 1,387 1,386 19,891
    On disposals: 0 ( 9 ) 0 0 - ( 9 )
    Other adjustments: 0 9 0 0 - 9
    30 April 2016: 42,847 9,706 5,592 4,990 4,331 67,466
    Net book value
    30 April 2016: 243,905 10,870 15,531 5,598 4,784 280,688
    30 April 2015: 255,937 12,399 8,708 6,985 6,170 290,199

FROGMORE GRANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 4. Stocks


    2016
    £
    2015
    £
    Stocks of raw materials and consumables: 119,133 94,122
    Work in progress: 0 0
    Long term contract balances: 0 0
    Finished goods and goods for resale: 0 0
    Payments on account: 0 0
    Total: 119,133 94,122

FROGMORE GRANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 5. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Bank loans and overdrafts: 7,500 7,500
    Amounts due under finance leases and hire purchase contracts: 0 0
    Trade creditors: 3,839 3,325
    Taxation and social security: 261 0
    Accruals and deferred income: 0 0
    Other creditors: 0 0
    Total: 11,600 10,825

FROGMORE GRANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 6. Creditors: amounts falling due after more than one year


    2016
    £
    2015
    £
    Bank loans and overdrafts: 0 0
    Amounts due under finance leases and hire purchase contracts: 0 0
    Other creditors: 473,450 500,138
    Total: 473,450 500,138

FROGMORE GRANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 7. Borrowings


    2016
    £
    2015
    £
    Within one year: 0 0
    Between one and five years: 0 0
    Over five years: 489,673 500,138
    Total: 489,673 500,138

FROGMORE GRANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 8. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 100.00 100
    Preference shares: 0 0.00 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 100.00 100
    Preference shares: 0 0.00 0
    Total share capital (£): 100

FROGMORE GRANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 9. Profit and loss account


    2016
    £
    2015
    £
    Opening balance: ( 126,742 ) ( 145,805 )
    Profit or (loss) for the period: 41,513 19,163
    Equity dividends paid: 0 0
    Retained profit: ( 85,229 ) ( 126,642 )