Gurney & White Limited - Accounts to registrar (filleted) - small 18.2

Gurney & White Limited - Accounts to registrar (filleted) - small 18.2

GURNEY & WHITE LIMITED - Company Information

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REGISTERED NUMBER: 01522394 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

GURNEY & WHITE LIMITED
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GURNEY & WHITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTORS: J Gurney
K G White





SECRETARY: J Gurney





REGISTERED OFFICE: 2 Barmeston Road
Catford
London
SE6 3BH





REGISTERED NUMBER: 01522394 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Accountants
Plaza Building
102 Lee High Road
Lewisham
London
SE13 5PT
Page 1
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,357 23,469
Investments 5 2,550 2,550
64,907 26,019

CURRENT ASSETS
Stocks 158,976 128,876
Debtors 6 218,844 237,801
Cash at bank and in hand 272,513 442,565
650,333 809,242
CREDITORS
Amounts falling due within one year 7 291,907 388,325
NET CURRENT ASSETS 358,426 420,917
TOTAL ASSETS LESS CURRENT
LIABILITIES
423,333
446,936

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 418,333 441,936
SHAREHOLDERS' FUNDS 423,333 446,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)

BALANCE SHEET - continued
31 DECEMBER 2017


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 10 September 2018 and were signed
on its behalf by:




J Gurney - Director



K G White - Director


The notes form part of these financial statements

Page 3
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

Gurney & White 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.
Plant and machinery etc - 25% 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.

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 20 (2016 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 189,009
Additions 59,675
At 31 December 2017 248,684
DEPRECIATION
At 1 January 2017 165,540
Charge for year 20,787
At 31 December 2017 186,327
NET BOOK VALUE
At 31 December 2017 62,357
At 31 December 2016 23,469

Page 4 continued...
GURNEY & WHITE LIMITED (REGISTERED NUMBER: 01522394)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2017
and 31 December 2017 2,550
NET BOOK VALUE
At 31 December 2017 2,550
At 31 December 2016 2,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 208,295 211,205
Other debtors 10,549 26,596
218,844 237,801

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 241,411 287,880
Taxation and social security 44,996 94,945
Other creditors 5,500 5,500
291,907 388,325

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017
and 31 December 2016:

2017 2016
£    £   
J Gurney
Balance outstanding at start of year 26,000 -
Amounts advanced - 26,000
Amounts repaid (16,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 26,000

Page 5