MR G'S Collection Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09150331 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2016 to 31 March 2018

for

MR G'S Collection Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Gromett

Mrs A Game

REGISTERED OFFICE:

Stanton Mill

Bath lane

Mansfield

Nottinghamshire

NG18 2BZ

REGISTERED NUMBER:

09150331 (England and Wales)

ACCOUNTANTS:

Williams Chartered Accountants

Jade House

67 Park Royal Road

London

NW10 7JJ

FIXED ASSETS

Intangible assets

4

56,000

-

Tangible assets

5

151,649

-

207,649

-

CURRENT ASSETS

Stocks

965

-

Debtors

12,328

1

Cash at bank and in hand

3,281

-

16,574

1

CREDITORS

Amounts falling due within one year

71,952

-

NET CURRENT (LIABILITIES)/ASSETS

(55,378

)

1

TOTAL ASSETS LESS CURRENT LIABILITIES

152,271

1

CREDITORS

Amounts falling due after more than one year

56,385

-

NET ASSETS

95,886

1

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

95,885

-

95,886

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 June 2018 and were signed on its behalf by:

P Gromett - Director

1.	STATUTORY INFORMATION

MR G'S Collection 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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.

Land and buildings

-

straight line over life of lease

Plant and machinery etc

-

20% on reducing balance and 10% 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 period 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 period 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

64,000

At 31 March 2018

64,000

AMORTISATION

Amortisation for period

8,000

At 31 March 2018

8,000

NET BOOK VALUE

At 31 March 2018

56,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

167,303

At 31 March 2018

167,303

DEPRECIATION

Charge for period

15,654

At 31 March 2018

15,654

NET BOOK VALUE

At 31 March 2018

151,649