5 Grosvenor Road Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01780190 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2017

for

5 Grosvenor Road Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Storer

D Messias

REGISTERED OFFICE:

6 Nottingham Road

Long Eaton

Nottinghamshire

NG10 1HP

REGISTERED NUMBER:

01780190 (England and Wales)

ACCOUNTANTS:

Phipp & Co (Accountants) Limited

6 Nottingham Road

Long Eaton

Nottinghamshire

NG10 1HP

FIXED ASSETS

Tangible assets

4

25,543

32,032

CURRENT ASSETS

Stocks

12,315

15,188

Debtors

3,920

6,685

Cash at bank and in hand

84,393

83,294

100,628

105,167

CREDITORS

Amounts falling due within one year

72,123

79,593

NET CURRENT ASSETS

28,505

25,574

TOTAL ASSETS LESS CURRENT LIABILITIES

54,048

57,606

CREDITORS

Amounts falling due after more than one year

(10,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(3,563

)

(4,522

)

NET ASSETS

40,485

38,084

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

39,485

37,084

SHAREHOLDERS' FUNDS

40,485

38,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

All the members have consented to the preparation of an abridged Profit and Loss Account and an abridged Balance Sheet for the year ended 28 February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 14 September 2017 and were signed on its behalf by:

S Storer - Director

1.	STATUTORY INFORMATION

5 Grosvenor Road 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2016

and 28 February 2017

220,406

DEPRECIATION

At 1 March 2016

188,374

Charge for year

6,489

At 28 February 2017

194,863

NET BOOK VALUE

At 28 February 2017

25,543

At 29 February 2016

32,032