Grange Cars and Commercials Limited - Accounts to registrar (filleted) - small 18.2

Grange Cars and Commercials Limited - Accounts to registrar (filleted) - small 18.2

GRANGE CARS AND COMMERCIALS LIMITED - Company Information

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REGISTERED NUMBER: 08321225 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 January 2018

for

Grange Cars and Commercials Limited
Grange Cars and Commercials Limited (Registered number: 08321225)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grange Cars and Commercials Limited

Company Information
for the Year Ended 31 January 2018







DIRECTOR: C R Swinscoe





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





BUSINESS ADDRESS: Grange Cottage
Wyaston
Derbyshire
DE6 2DR





REGISTERED NUMBER: 08321225 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ
Page 1
Grange Cars and Commercials Limited (Registered number: 08321225)

Balance Sheet
31 January 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 229 348

CURRENT ASSETS
Stocks 366,050 189,061
Debtors 5 33,521 7,896
Cash at bank 570,278 578,893
969,849 775,850
CREDITORS
Amounts falling due within one year 6 288,842 271,507
NET CURRENT ASSETS 681,007 504,343
TOTAL ASSETS LESS CURRENT
LIABILITIES
681,236
504,691

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 681,136 504,591
SHAREHOLDERS' FUNDS 681,236 504,691

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 12 July 2018 and were signed by:





C R Swinscoe - Director


The notes form part of these financial statements

Page 2
Grange Cars and Commercials Limited (Registered number: 08321225)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Grange Cars and Commercials 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 represents net invoiced sales of vehicles excluding value added tax. Turnover is recognised
when the company has transferred the significant risks and rewards of ownership to the buyer and it is
probable that the company will receive the agreed upon payment.

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

Plant and equipment- 15% on reducing balance
Computer equipment- 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow
moving items.

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 NIL (2017 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and Computer
equipment equipment Totals
£    £    £   
COST
At 1 February 2017
and 31 January 2018 249 249 498
DEPRECIATION
At 1 February 2017 12 138 150
Charge for year 36 83 119
At 31 January 2018 48 221 269
NET BOOK VALUE
At 31 January 2018 201 28 229
At 31 January 2017 237 111 348

Page 3 continued...
Grange Cars and Commercials Limited (Registered number: 08321225)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 32,673 7,289
Prepayments 848 607
33,521 7,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 11,898 10,470
Tax 43,110 39,709
Social security and other taxes 9,631 5,275
Other creditors 14 -
Director's current account 208,423 198,783
Accruals and deferred income 15,766 17,270
288,842 271,507

Page 4