Grant International (UK) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03801755 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

GRANT INTERNATIONAL (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

W K Grant

SECRETARY:

Mrs J K Grant

REGISTERED OFFICE:

Atlas House

Old Hall Street

Macclesfield

Cheshire

SK10 2DT

REGISTERED NUMBER:

03801755 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Intangible assets

4

479

729

Tangible assets

5

22,623

32,195

23,102

32,924

CURRENT ASSETS

Debtors

6

701,395

434,313

Cash at bank and in hand

159,271

122,969

860,666

557,282

CREDITORS

Amounts falling due within one year

7

608,149

340,253

NET CURRENT ASSETS

252,517

217,029

TOTAL ASSETS LESS CURRENT LIABILITIES

275,619

249,953

PROVISIONS FOR LIABILITIES

402

3,747

NET ASSETS

275,217

246,206

CAPITAL AND RESERVES

Called up share capital

20,000

25,000

Capital redemption reserve

5,000

-

Retained earnings

250,217

221,206

SHAREHOLDERS' FUNDS

275,217

246,206

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 October 2017 and were signed by:

W K Grant - Director

1.	STATUTORY INFORMATION

Grant International (UK) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 9 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

and 31 July 2017

5,000

AMORTISATION

At 1 August 2016

4,271

Charge for year

250

At 31 July 2017

4,521

NET BOOK VALUE

At 31 July 2017

479

At 31 July 2016

729

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2016

29,395

88,323

117,718

Additions

-

67,487

67,487

Disposals

-

(65,000

)

(65,000

)

At 31 July 2017

29,395

90,810

120,205

DEPRECIATION

At 1 August 2016

23,516

62,007

85,523

Charge for year

2,940

17,244

20,184

Eliminated on disposal

-

(8,125

)

(8,125

)

At 31 July 2017

26,456

71,126

97,582

NET BOOK VALUE

At 31 July 2017

2,939

19,684

22,623

At 31 July 2016

5,879

26,316

32,195

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

Additions

65,000

Disposals

(65,000

)

At 31 July 2017

-

DEPRECIATION

Charge for year

8,125

Eliminated on disposal

(8,125

)

At 31 July 2017

-

NET BOOK VALUE

At 31 July 2017

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/17

31/7/16

£

£

Trade debtors

644,533

382,437

Other debtors

56,862

51,876

701,395

434,313

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/17

31/7/16

£

£

Trade creditors

515,629

292,128

Taxation and social security

58,320

39,163

Other creditors

34,200

8,962

608,149

340,253