GREY MATTER PERSONNEL LTD. - Accounts to registrar (filleted)

REGISTERED NUMBER: 08930805 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

GREY MATTER PERSONNEL LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P J Maggs

A Maggs

REGISTERED OFFICE:

24 Kielder Close

Ashton in Makerfield

Wigan

WN4 0JR

REGISTERED NUMBER:

08930805 (England and Wales)

ACCOUNTANTS:

Styles and Co Accountants Limited

Chartered Accountants

Heather House

473 Warrington Road

Culcheth

Warrington

Cheshire

WA3 5QU

FIXED ASSETS

Tangible assets

3

29,041

846

CURRENT ASSETS

Debtors

4

12,130

3,638

Cash at bank

11,627

52,825

23,757

56,463

CREDITORS

Amounts falling due within one year

5

(15,876

)

(31,042

)

NET CURRENT ASSETS

7,881

25,421

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,922

26,267

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

36,920

26,265

SHAREHOLDERS' FUNDS

36,922

26,267

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 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 22 December 2017 and were signed
on its behalf by:

A Maggs - Director

1.	STATUTORY INFORMATION

GREY MATTER PERSONNEL LTD. 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.

Computer equipment

-

3 years straight line

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.

3.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

COST

At 1 April 2016

-

1,167

Additions

28,584

-

28,584

At 31 March 2017

28,584

1,167

29,751

DEPRECIATION

At 1 April 2016

-

321

Charge for year

-

389

At 31 March 2017

-

710

NET BOOK VALUE

At 31 March 2017

28,584

457

29,041

At 31 March 2016

-

846

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

12,130

3,638

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Tax

7,808

16,500

Social security and other taxes

5,547

3,918

Directors' current accounts

2,021

10,124

Accrued expenses

500

15,876

31,042

GREY MATTER PERSONNEL LTD. - Accounts to registrar (filleted) - small 17.3

GREY MATTER PERSONNEL LTD. - Accounts to registrar (filleted) - small 17.3