Graham Latham Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04701600 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

GRAHAM LATHAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G W Latham

SECRETARY:

Mrs J C Hislop

REGISTERED OFFICE:

Hedge House Hangersley Hill

Hangersley

Ringwood

Hampshire

BH24 3JW

REGISTERED NUMBER:

04701600 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

27,000

Tangible assets

5

19,255

28,493

19,255

55,493

CURRENT ASSETS

Stocks

7,825

13,306

Debtors

6

432,019

455,562

Cash at bank

215,951

84,206

655,795

553,074

CREDITORS

Amounts falling due within one year

7

129,685

154,949

NET CURRENT ASSETS

526,110

398,125

TOTAL ASSETS LESS CURRENT LIABILITIES

545,365

453,618

CREDITORS

Amounts falling due after more than one year

8

21,431

29,529

NET ASSETS

523,934

424,089

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

523,933

424,088

SHAREHOLDERS' FUNDS

523,934

424,089

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 5 December 2017 and were signed by:

G W Latham - Director

1.	STATUTORY INFORMATION

Graham Latham 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 invoiced sales of services, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery etc

-

33% on reducing balance and 33% on cost

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 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

100,000

Disposals

(100,000

)

At 31 March 2017

-

AMORTISATION

At 1 April 2016

73,000

Eliminated on disposal

(73,000

)

At 31 March 2017

-

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

27,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

81,777

DEPRECIATION

At 1 April 2016

53,284

Charge for year

9,238

At 31 March 2017

62,522

NET BOOK VALUE

At 31 March 2017

19,255

At 31 March 2016

28,493

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

as restated

£

£

Trade debtors

86,667

188,653

Other debtors

345,352

266,909

432,019

455,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

as restated

£

£

Bank loans and overdrafts

8,099

7,590

Trade creditors

11,657

7,340

Taxation and social security

93,531

110,725

Other creditors

16,398

29,294

129,685

154,949

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

as restated

£

£

Bank loans

21,431

29,529

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

as restated

£

£

G W Latham

Balance outstanding at start of year

56,677

60,973

Amounts advanced

69,424

-

Amounts repaid

(70,000

)

(4,296

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

56,101

56,677