Graceblue (EMEA) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05917426 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

GRACEBLUE (EMEA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

J Timms

M V Lockett

J Haines

I Priest

REGISTERED OFFICE:

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

REGISTERED NUMBER:

05917426 (England and Wales)

ACCOUNTANTS:

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

FIXED ASSETS

Intangible assets

4

-

1,665

Tangible assets

5

25,466

16,085

25,466

17,750

CURRENT ASSETS

Debtors

6

3,098,334

2,758,064

Cash at bank

35,312

31,285

3,133,646

2,789,349

CREDITORS

Amounts falling due within one year

7

753,614

598,098

NET CURRENT ASSETS

2,380,032

2,191,251

TOTAL ASSETS LESS CURRENT LIABILITIES

2,405,498

2,209,001

CAPITAL AND RESERVES

Called up share capital

2,020

1,818

Share premium

369,061

369,061

Capital redemption reserve

352

554

Retained earnings

2,034,065

1,837,568

2,405,498

2,209,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 17 December 2019 and were signed on its behalf by:

J Timms - Director

1.	STATUTORY INFORMATION

Graceblue (EMEA) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net consultancy fees and services receivable, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

20% Straight line

Computer equipment

-

25% Straight line

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates money purchase pension schemes for some of its directors and employees. Contributions

payable to the company's pension schemes are charged to the profit and loss account in the period to which they

relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2018 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2018

3,329

Disposals

(3,329

)

At 31 March 2019

-

AMORTISATION

At 1 April 2018

1,664

Amortisation for year

333

Eliminated on disposal

(1,997

)

At 31 March 2019

-

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

1,665

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

-

30,471

30,471

Additions

980

15,233

16,213

Disposals

-

(9,425

)

(9,425

)

At 31 March 2019

980

36,279

37,259

DEPRECIATION

At 1 April 2018

-

14,386

14,386

Charge for year

86

6,746

6,832

Eliminated on disposal

-

(9,425

)

(9,425

)

At 31 March 2019

86

11,707

11,793

NET BOOK VALUE

At 31 March 2019

894

24,572

25,466

At 31 March 2018

-

16,085

16,085

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

632,747

612,661

Amounts owed by group undertakings

304

304

Other debtors

34,912

76,142

Amount owed by related

undertakings

1,379,377

887,333

Directors' current accounts

515,832

351,415

Corporation tax recoverable

205,517

152,500

Prepayments and accrued income

329,645

677,709

3,098,334

2,758,064

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

134,055

81,879

Tax

161,691

141,477

Social security and other taxes

273,882

55,174

VAT

81,038

73,339

Other creditors

4,126

32,135

Amounts owed to related

undertakings

62,933

96,187

Accruals and deferred income

35,889

117,907

753,614

598,098

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

54,000

216,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

£

J Timms

Balance outstanding at start of year

229,022

226,516

Amounts advanced

165,000

3,046

Amounts repaid

(942

)

(540

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

393,080

229,022

J Haines

Balance outstanding at start of year

122,392

68,957

Amounts advanced

360

53,435

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

122,752

122,392

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Graceblue (EMEA) Limited for the year ended 31 March 2019 which comprise the Profit & Loss

Account, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Graceblue (EMEA) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graceblue (EMEA) Limited and state those matters that we have agreed to state to the Board of Directors of Graceblue (EMEA) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Graceblue (EMEA) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graceblue (EMEA) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Graceblue (EMEA) Limited. You consider that Graceblue (EMEA) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Graceblue (EMEA) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

17 December 2019