Grunberg & Co Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07213677 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Grunberg & Co Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D Grunberg

A L Stechler

R D Bean

P McMahon

G Waldman

B Grunberg

S Parmar

REGISTERED OFFICE:

10-14 Accommodation Road

Golders Green

London

NW11 8ED

REGISTERED NUMBER:

07213677 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

157,366

202,644

Investments

6

100

-

157,466

202,644

CURRENT ASSETS

Debtors

7

2,001,919

1,816,061

Cash at bank and in hand

92,469

704,292

2,094,388

2,520,353

CREDITORS

Amounts falling due within one year

8

1,113,789

1,472,271

NET CURRENT ASSETS

980,599

1,048,082

TOTAL ASSETS LESS CURRENT LIABILITIES

1,138,065

1,250,726

PROVISIONS FOR LIABILITIES

18,096

24,824

NET ASSETS

1,119,969

1,225,902

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,118,969

1,224,902

SHAREHOLDERS' FUNDS

1,119,969

1,225,902

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:

D Grunberg - Director

A L Stechler - Director

R D Bean - Director

1.	STATUTORY INFORMATION

Grunberg & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover is recognised at the point of delivery of the service.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been fully

amortised.

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.

Improvements to property

-

in accordance with the lease

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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 58 (2016 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

3,450,000

AMORTISATION

At 1 April 2016

and 31 March 2017

3,450,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

96,118

124,718

150,719

371,555

Additions

-

1,758

15,092

16,850

At 31 March 2017

96,118

126,476

165,811

388,405

DEPRECIATION

At 1 April 2016

28,836

70,187

69,888

168,911

Charge for year

9,612

13,939

38,577

62,128

At 31 March 2017

38,448

84,126

108,465

231,039

NET BOOK VALUE

At 31 March 2017

57,670

42,350

57,346

157,366

At 31 March 2016

67,282

54,531

80,831

202,644

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31 March 2017

100

NET BOOK VALUE

At 31 March 2017

100

The company's investments at the Statement of Financial Position date in the share capital of companies include

the following:

Reanda UK Ltd

Registered office: United Kingdom

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

1,240,735

1,060,457

Other debtors

7,260

35,516

Prepayments and accrued income

753,924

720,088

2,001,919

1,816,061

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

236,107

215,830

Corporation tax

177,451

167,451

Social security and other taxes

58,235

48,266

Value added tax

216,682

157,371

Other creditors

9,428

9,870

Directors' current accounts

329,624

809,607

Accruals and deferred income

86,262

63,876

1,113,789

1,472,271

9.	RELATED PARTY DISCLOSURES

Amounts owed to directors are interest free and repayable on demand.

10.	FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102 Section 1A small entities. The date of

transition is 1 April 2015. No material transitional adjustments were required in equity or profit and loss for the

year.