J Grodzinski & Daughters Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 02782965 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

J GRODZINSKI & DAUGHTERS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

J J Grodzinski

Mrs R E Grodzinski

SECRETARY:

Mrs R E Grodzinski

REGISTERED OFFICE:

88 Crawford Street

London

W1H 2EJ

REGISTERED NUMBER:

02782965 (England and Wales)

ACCOUNTANTS:

Cameron Baum Limited

88 Crawford Street

London

W1H 2EJ

FIXED ASSETS

Tangible assets

2

1,185,499

895,612

CURRENT ASSETS

Stocks

61,402

52,736

Debtors

121,625

115,057

Cash at bank and in hand

324,220

356,813

507,247

524,606

CREDITORS

Amounts falling due within one year

680,381

572,153

NET CURRENT LIABILITIES

(173,134

)

(47,547

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,012,365

848,065

PROVISIONS FOR LIABILITIES

74,904

48,364

NET ASSETS

937,461

799,701

CAPITAL AND RESERVES

Called up share capital

3

52

52

Profit and loss account

937,409

799,649

SHAREHOLDERS' FUNDS

937,461

799,701

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 29 March 2017 and were signed on its behalf by:

J J Grodzinski - 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

Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the

cost less estimated residual value of each asset over its expected useful life, as follows:

Land and building Leasehold

Over the life of the lease

Plant and machinery

20% on the reducing balance

Fixtures, fittings & office equipment

25% on the reducing balance

Motor vehicles

25% on the reducing balance

Land and building leasehold are not depreciated as it is considered that the depreciation would be immaterial as

the estimated residual value of the property is not materially different from the carrying amount.

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.

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are

charged to profit and loss account in the year they are payable.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

1,793,340

Additions

412,356

At 30 June 2016

2,205,696

DEPRECIATION

At 1 July 2015

897,728

Charge for year

122,469

At 30 June 2016

1,020,197

NET BOOK VALUE

At 30 June 2016

1,185,499

At 30 June 2015

895,612

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

50

MM shares

£1

50

50

52

52

The MM Shares have the right to income but no voting rights.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid rent amounting to £57,000 (2015: £57,000) to Mrs R E Grodzinski, a director

of the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of J Grodzinski & Daughters Ltd for the year ended 30 June 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J Grodzinski & Daughters Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J Grodzinski & Daughters Ltd and state those matters that we have agreed to state to the Board of Directors of J Grodzinski & Daughters Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J Grodzinski & Daughters Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J Grodzinski & Daughters Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J Grodzinski & Daughters Ltd. You consider that J Grodzinski & Daughters Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J Grodzinski & Daughters Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cameron Baum Limited

88 Crawford Street

London

W1H 2EJ

29 March 2017