GRANGE SPORT CONSULTING LTD.
GRANGE SPORT CONSULTING LTD.
Registered number: 10072285
Unaudited Financial Statements
For the Period 18 March 2016 to 5 April 2017
Bankim Patel and Co.Ltd.
Chartered Accountants
42 Anglesmede Crescent
Pinner
Middx.
HA55SP
GRANGE SPORT CONSULTING LTD.
Unaudited Financial Statements
For the Period 18 March 2016 to 5 April 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountants' Report | 1 |
| Statement of Financial Position | 2—3 |
| Statement of Changes in Equity | 4 |
| Notes to the Financial Statements | 5—7 |
GRANGE SPORT CONSULTING LTD.
Accountants' Report
For the Period 18 March 2016 to 5 April 2017
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of GRANGE SPORT CONSULTING LTD. For the Period 18 March 2016 to 5 April 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GRANGE SPORT CONSULTING LTD. For the Period 18 March 2016 to 5 April 2017 which comprise the Income Statement, the Statement of Financial Position and the related notes from the accounting records and from information and explanations you have given to 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 at icaew.com/membershandbook.
This report is made solely to the directors of GRANGE SPORT CONSULTING LTD. , as a body, in accordance with the terms of our engagement letter dated 31st March 2016. Our work has been undertaken solely to prepare for your approval the accounts of GRANGE SPORT CONSULTING LTD. and state those matters that we have agreed to state to the directors of GRANGE SPORT CONSULTING LTD. , as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GRANGE SPORT CONSULTING LTD. and its directors, as a body, for our work or for this report.
It is your duty to ensure that GRANGE SPORT CONSULTING LTD. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of GRANGE SPORT CONSULTING LTD. . You consider that GRANGE SPORT CONSULTING LTD. is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of GRANGE SPORT CONSULTING 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 financial statements.
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Chartered Accountants
42 Anglesmede Crescent
Pinner
Middx.
HA55SP
Page 1
GRANGE SPORT CONSULTING LTD.
Statement of Financial Position
For the Period 18 March 2016 to 5 April 2017
Statement of Financial Position
Registered number:
10072285
For the period ending 5 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 5 April 2017 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 7 |
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| CURRENT ASSETS | |||
| Debtors | 8 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 9 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 10 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 15,768 | ||
Page 2
GRANGE SPORT CONSULTING LTD.
Statement of Financial Position (continued)
For the Period 18 March 2016 to 5 April 2017
Directors' responsibilities:
-
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Income Statement
On behalf of the board
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The notes on pages 5 to 7 form part of these financial statements.
Page 3
GRANGE SPORT CONSULTING LTD.
Statement of Changes in Equity
For the Period 18 March 2016 to 5 April 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Profit for the period and total comprehensive income | - |
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51,668 |
| Dividends paid | - | (36,000) | (36,000) |
| Arising on shares issued during the period |
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- | 100 |
| As at |
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15,768 |
Page 4
GRANGE SPORT CONSULTING LTD.
Notes to the Unaudited Accounts
For the Period 18 March 2016 to 5 April 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of consultancy services supplied by the company, net of Value Added Tax .
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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1.4.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| Period to 5 April 2017 | |
|---|---|
| Office and administration |
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| Sales, marketing and distribution |
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Page 5
GRANGE SPORT CONSULTING LTD.
Notes to the Unaudited Accounts (continued)
For the Period 18 March 2016 to 5 April 2017
7.
Tangible Assets
| Plant & Machinery | |
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| £ | |
| Cost | |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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8.
Debtors
| Period to 5 April 2017 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
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9.
Creditors: Amounts Falling Due Within One Year
| Period to 5 April 2017 | |
|---|---|
| £ | |
| Corporation tax |
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| VAT |
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| Accruals and deferred income |
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| Directors' loan accounts |
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Page 6
GRANGE SPORT CONSULTING LTD.
Notes to the Unaudited Accounts (continued)
For the Period 18 March 2016 to 5 April 2017
11.
Transactions With and Loans to Directors
Dividends paid to directors
12.
Dividends
| Period to 5 April 2017 | |
|---|---|
| £ | |
| On equity shares: | |
| Final dividend paid |
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| 36,000 | |
Dividends of £36000 were paid to the two directors who own all of the Ordinary Shares.
13.
Ultimate Controlling Party
The company's ultimate controlling party is Mr. Johnny Perkins, by virtue of his ownership of 75% of the issued share capital in the company.
14.
General Information
GRANGE SPORT CONSULTING LTD. Registered number 10072285 is a limited by shares company incorporated in England & Wales. The Registered Office is 41 Burntwood Grange Road, London, SW18 3JY.
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