| Graham Investment Management Limited |
| Registered number: |
06981129 |
| Balance Sheet |
| as at 30 September 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
180,000 |
|
|
270,000 |
| Tangible assets |
3 |
|
|
20,216 |
|
|
21,216 |
|
|
|
|
200,216 |
|
|
291,216 |
|
| Current assets |
| Cash at bank and in hand |
|
|
648,905 |
|
|
324,624 |
|
| Creditors: amounts falling due within one year |
4 |
|
(71,780) |
|
|
(68,929) |
|
| Net current assets |
|
|
|
577,125 |
|
|
255,695 |
|
| Total assets less current liabilities |
|
|
|
777,341 |
|
|
546,911 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
- |
|
|
(3,224) |
|
|
|
| Net assets |
|
|
|
777,341 |
|
|
543,687 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
776,341 |
|
|
542,687 |
|
| Shareholders' funds |
|
|
|
777,341 |
|
|
543,687 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J A Graham |
| Director |
| Approved by the board on 10 February 2018 |
|
| Graham Investment Management Limited |
| Notes to the Accounts |
| for the year ended 30 September 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
|
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
|
|
|
|
|
|
|
| 2 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 October 2016 |
900,000 |
|
At 30 September 2017 |
900,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2016 |
630,000 |
|
Provided during the year |
90,000 |
|
At 30 September 2017 |
720,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2017 |
180,000 |
|
At 30 September 2016 |
270,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Furniture & equipment |
| £ |
|
Cost |
|
At 1 October 2016 |
48,978 |
|
Additions |
4,050 |
|
At 30 September 2017 |
53,028 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2016 |
27,762 |
|
Charge for the year |
5,050 |
|
At 30 September 2017 |
32,812 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2017 |
20,216 |
|
At 30 September 2016 |
21,216 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Taxation and social security costs |
68,712 |
|
64,793 |
|
Other creditors |
3,068 |
|
4,136 |
|
|
|
|
|
|
71,780 |
|
68,929 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
- |
|
3,224 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Controlling party |
|
|
The company is controlled by its director, Mr J Graham. |
|
|
| 7 |
Other information |
|
|
Graham Investment Management Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
5-6 George Street |
|
St Albans |
|
Hertfordshire |
|
AL3 4ER |
