The Graham Montrose Company Limited - Limited company accounts 18.1.1
The Graham Montrose Company Limited - Limited company accounts 18.1.1
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| FOR |
| THE GRAHAM MONTROSE COMPANY LIMITED |
| THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Statement of Changes in Equity | 5 |
| Notes to the Financial Statements | 6 |
| THE GRAHAM MONTROSE COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Hillside |
| Albion Street |
| Chipping Norton |
| Oxfordshire |
| OX7 5BH |
| THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| The directors present their report with the financial statements of the company for the year ended 30 April 2018. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 May 2017 to the date of this report. |
| DONATIONS TO CHARITABLE BODIES |
| No charitable donations were made in the year |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364) |
| INCOME STATEMENT |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| 30.4.18 | 30.4.17 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| (19,152 | ) | 17,204 |
| Other operating income |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| PROFIT BEFORE TAXATION |
| Tax on profit | 5 |
| PROFIT FOR THE FINANCIAL YEAR |
| THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364) |
| BALANCE SHEET |
| 30 APRIL 2018 |
| 30.4.18 | 30.4.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on by: |
| THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364) |
| STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 May 2016 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 30 April 2017 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 30 April 2018 |
| THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| 1. | STATUTORY INFORMATION |
| The Graham Montrose Company Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Turnover represents public house takings, excluding value added tax. |
| Tangible fixed assets |
| Freehold property | - |
| Leasehold property | - |
| Furniture & equipment | - |
| Computer equipment | - |
| The directors consider that freehold properties are maintained in such a state of repair that their residual value is |
| at least equal to their net book value. As a result, the corresponding depreciation would not be material and |
| therefore is not charged in the profit and loss account. |
| The directors perform annual impairment reviews in accordance with the requirements of FRS102 (1A) to ensure |
| that the recoverable amount is not lower than the carrying value. |
| 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. |
| THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Directors' remuneration |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Depreciation - owned assets |
| 5. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Deferred tax |
| Tax on profit |
| THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| 6. | TANGIBLE FIXED ASSETS |
| Freehold | Leasehold | Furniture | Computer |
| property | property | & equipment | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 May 2017 |
| and 30 April 2018 |
| DEPRECIATION |
| At 1 May 2017 |
| Charge for year |
| At 30 April 2018 |
| NET BOOK VALUE |
| At 30 April 2018 |
| At 30 April 2017 |
| Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows: |
| Furniture |
| & equipment |
| £ |
| COST |
| At 1 May 2017 |
| and 30 April 2018 |
| DEPRECIATION |
| At 1 May 2017 |
| Charge for year |
| At 30 April 2018 |
| NET BOOK VALUE |
| At 30 April 2018 |
| At 30 April 2017 |
| 7. | STOCKS |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Stocks |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Trade debtors |
| Prepayments and accrued income |
| THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2018 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 11,446 | 18,302 |
| Other creditors |
| Directors' current accounts | 292 | - |
| Accrued expenses |
| 10. | PROVISIONS FOR LIABILITIES |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Provided during year |
| Movement in provision |
| Balance at 30 April 2018 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 30.4.18 | 30.4.17 |
| value: | £ | £ |
| Ordinary A | £1 | 300 | 300 |
| Ordinary B | £1 | 300 | 300 |
| Ordinary C | £1 | 400 | 400 |
| 1,000 | 1,000 |
| 12. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 May 2017 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 April 2018 |