Grange Court (Rode Heath) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08719319 (England and Wales)

Grange Court (Rode Heath) Limited

Unaudited Financial Statements

for the Year Ended 31 January 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Khan

Mrs E A Khan

SECRETARY:

REGISTERED OFFICE:

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

REGISTERED NUMBER:

08719319 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

FIXED ASSETS

Intangible assets

4

34,000

36,000

Tangible assets

5

17,852

22,316

51,852

58,316

CURRENT ASSETS

Stocks

24,763

28,717

Debtors

6

6,809

32,226

Cash at bank and in hand

26,169

20,345

57,741

81,288

CREDITORS

Amounts falling due within one year

7

26,442

26,668

NET CURRENT ASSETS

31,299

54,620

TOTAL ASSETS LESS CURRENT LIABILITIES

83,151

112,936

CREDITORS

Amounts falling due after more than one year

8

41,503

69,837

NET ASSETS

41,648

43,099

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

41,645

43,096

SHAREHOLDERS' FUNDS

41,648

43,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 June 2017 and were signed on its behalf by:

Mrs E A Khan - Director

1.	STATUTORY INFORMATION

Grange Court (Rode Heath) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoice value of goods provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2016

and 31 January 2017

40,000

AMORTISATION

At 1 February 2016

4,000

Charge for year

2,000

At 31 January 2017

6,000

NET BOOK VALUE

At 31 January 2017

34,000

At 31 January 2016

36,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2016

and 31 January 2017

29,267

5,600

34,867

DEPRECIATION

At 1 February 2016

10,535

2,016

12,551

Charge for year

3,747

717

4,464

At 31 January 2017

14,282

2,733

17,015

NET BOOK VALUE

At 31 January 2017

14,985

2,867

17,852

At 31 January 2016

18,732

3,584

22,316

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,995

2,125

Other debtors

4,814

30,101

6,809

32,226

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

11,725

14,409

Taxation and social security

12,050

10,790

Other creditors

2,667

1,469

26,442

26,668

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

41,503

69,837

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account balance was repaid within 9 months.