Greathead Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08214932 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2017

for

Greathead Limited

Page

Company information

1

Abridged statement of financial position

2

Notes to the financial statements

4

Director:

S H Baird

Registered office:

Beren Court

Newney Green

Chelmsford

Essex

CM1 3SQ

Registered number:

08214932 (England and Wales)

Accountants:

Cooper Paul

Beren Court

Newney Green

Chelmsford

Essex

CM1 3SQ

Fixed assets

Tangible assets

4

2,868

4,076

Current assets

Debtors

2,238

15,665

Cash at bank

3,946

19,061

6,184

34,726

Creditors

Amounts falling due within one year

(21,193

)

(29,371

)

Net current (liabilities)/assets

(15,009

)

5,355

Total assets less current liabilities

(12,141

)

9,431

Capital and reserves

Called up share capital

100

100

Retained earnings

(12,241

)

9,331

(12,141

)

9,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 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.

All the members have consented to the preparation of an abridged Statement of income and retained earnings and an abridged Statement of financial position for the year ended 30th September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director on 25th September 2018 and were signed by:

S H Baird - Director

1.	Statutory information

Greathead 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

-

33% on cost and 20% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

3.	Employees and directors

The average number of employees during the year was 1 .

4.	Tangible fixed assets

Totals

£

Cost

At 1st October 2016

and 30th September 2017

6,570

Depreciation

At 1st October 2016

2,494

Charge for year

1,208

At 30th September 2017

3,702

Net book value

At 30th September 2017

2,868

At 30th September 2016

4,076

5.	Going concern

The accounts have been prepared on a going concern basis despite the deficiency disclosed in the

balance sheet, and in anticipation of the continued financial support of the company's creditors.