Grant International (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03801755 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

GRANT INTERNATIONAL (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

W K Grant

SECRETARY:

Mrs J K Grant

REGISTERED OFFICE:

Atlas House

Old Hall Street

Macclesfield

Cheshire

SK10 2DT

REGISTERED NUMBER:

03801755 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Intangible assets

2

729

979

Tangible assets

3

32,195

31,850

32,924

32,829

CURRENT ASSETS

Debtors

434,313

430,205

Cash at bank and in hand

122,969

455,240

557,282

885,445

CREDITORS

Amounts falling due within one year

340,253

678,496

NET CURRENT ASSETS

217,029

206,949

TOTAL ASSETS LESS CURRENT
LIABILITIES

249,953

239,778

PROVISIONS FOR LIABILITIES

3,747

3,159

NET ASSETS

246,206

236,619

CAPITAL AND RESERVES

Called up share capital

4

25,000

Profit and loss account

221,206

211,619

SHAREHOLDERS' FUNDS

246,206

236,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 December 2016 and were signed by:

W K Grant - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures & fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

Deferred tax

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

sheet date.

Foreign currencies

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 the profit and loss account on a straight line basis over the

period of the lease.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

5,000

AMORTISATION

At 1 August 2015

4,021

Amortisation for year

250

At 31 July 2016

4,271

NET BOOK VALUE

At 31 July 2016

729

At 31 July 2015

979

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

106,574

Additions

11,144

At 31 July 2016

117,718

DEPRECIATION

At 1 August 2015

74,724

Charge for year

10,799

At 31 July 2016

85,523

NET BOOK VALUE

At 31 July 2016

32,195

At 31 July 2015

31,850

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/16

31/7/15

value:

£

13,750

Ordinary 'A'

£1

13,750

5,000

Ordinary 'B'

£1

5,000

6,250

Ordinary 'C'

£1

6,250

25,000

The shares carry differential rights to dividends, but in all other respects they rank pari passu.

5.	ULTIMATE CONTROLLING PARTY

The controlling party is W K Grant.