GRAHAM CROUCH LIMITED

GRAHAM CROUCH LIMITED

GRAHAM CROUCH LIMITED - Company Information

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GRAHAM CROUCH LIMITED

Company Registration Number:
04653031 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

GRAHAM CROUCH LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

GRAHAM CROUCH LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 9,203 12,271
Total fixed assets: 9,203 12,271
Current assets
Stocks: 4,330 4,575
Debtors:   8,543 4,123
Cash at bank and in hand: 74,965 130,784
Total current assets: 87,838 139,482
Creditors: amounts falling due within one year: 4 (6,580) (53,704)
Net current assets (liabilities): 81,258 85,778
Total assets less current liabilities: 90,461 98,049
Total net assets (liabilities): 90,461 98,049
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 90,361 97,949
Shareholders funds: 90,461 98,049

The notes form part of these financial statements

GRAHAM CROUCH LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 October 2018
and signed on behalf of the board by:

Name: G J CROUCH
Status: Director

The notes form part of these financial statements

GRAHAM CROUCH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lifeMotor Vehicles 25% on reducing balanceComputer Equipment 25% on reducing balance

Valuation and information policy

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

Other accounting policies

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. 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.

GRAHAM CROUCH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 2 2

GRAHAM CROUCH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Tangible Assets

Total
Cost £
At 01 April 2017 28,651
At 31 March 2018 28,651
Depreciation
At 01 April 2017 16,380
Charge for year 3,068
At 31 March 2018 19,448
Net book value
At 31 March 2018 9,203
At 31 March 2017 12,271

GRAHAM CROUCH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Creditors: amounts falling due within one year note

Tax £3455 (2017 £3599)Social Security and other taxes £-- (2017 £384)VAT £545 (2017 £338)Directors loan account £544 (2017 £47537)Accrued expenses £2036 (2017 £1846)