Grosvenor Packaging Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02377284 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Grosvenor Packaging Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

M S Hodson

G T Hodson

REGISTERED OFFICE:

Unit 10

Shepley Industrial Estate South

Audenshaw

Manchester

M34 5DW

REGISTERED NUMBER:

02377284 (England and Wales)

ACCOUNTANTS:

Fletchers Chartered Accountants

Albion House

163-167 King Street

Dukinfield

Cheshire

SK16 4LF

FIXED ASSETS

Tangible assets

4

225,961

268,158

CURRENT ASSETS

Stocks

39,753

35,934

Debtors

5

432,934

423,002

Cash at bank and in hand

234,201

113,668

706,888

572,604

CREDITORS

Amounts falling due within one year

6

531,680

464,136

NET CURRENT ASSETS

175,208

108,468

TOTAL ASSETS LESS CURRENT LIABILITIES

401,169

376,626

CREDITORS

Amounts falling due after more than one year

7

5,971

33,816

NET ASSETS

395,198

342,810

CAPITAL AND RESERVES

Called up share capital

1,000

100

Retained earnings

394,198

342,710

SHAREHOLDERS' FUNDS

395,198

342,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 25 July 2017 and were signed on its behalf by:

M S Hodson - Director

1.	STATUTORY INFORMATION

Grosvenor Packaging 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

straight line over 3 years, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

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 18 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 July 2016

13,077

394,773

60,047

At 30 June 2017

13,077

394,773

60,047

DEPRECIATION

At 1 July 2016

8,171

203,443

48,056

Charge for year

410

28,699

1,798

At 30 June 2017

8,581

232,142

49,854

NET BOOK VALUE

At 30 June 2017

4,496

162,631

10,193

At 30 June 2016

4,906

191,330

11,991

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2016

166,961

29,538

664,396

Additions

4,650

-

4,650

At 30 June 2017

171,611

29,538

669,046

DEPRECIATION

At 1 July 2016

108,553

28,015

396,238

Charge for year

15,183

757

46,847

At 30 June 2017

123,736

28,772

443,085

NET BOOK VALUE

At 30 June 2017

47,875

766

225,961

At 30 June 2016

58,408

1,523

268,158

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

412,598

415,740

Provision for bad debts

-

(17,570

)

Other debtors

1,000

1,000

Directors' current accounts

-

40

Prepayments and accrued income

19,336

23,792

432,934

423,002

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Hire purchase contracts

26,675

38,183

Trade creditors

337,516

292,764

Tax

39,339

12,199

Social security and other taxes

15,176

25,911

VAT

31,917

40,293

Other creditors

41,049

43,648

Directors' current accounts

30,200

2,580

Accrued expenses

8,715

7,272

Deferred government grants

1,093

1,286

531,680

464,136

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

30.6.16

£

£

Hire purchase contracts

-

26,525

Deferred government grants

5,971

7,291

5,971

33,816

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Grosvenor Packaging Limited for the year ended 30 June 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Grosvenor Packaging Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Grosvenor Packaging Limited and state those matters that we have agreed to state to the Board of Directors of Grosvenor Packaging Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grosvenor Packaging Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Grosvenor Packaging Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Grosvenor Packaging Limited. You consider that Grosvenor Packaging Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Grosvenor Packaging Limited. 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 statutory financial statements.

Fletchers Chartered Accountants

Albion House

163-167 King Street

Dukinfield

Cheshire

SK16 4LF

25 July 2017