Gratel Property Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01562091 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2016

for

Gratel Property Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs P J Godwin

Mrs S Hawkins

Mr G J Hawkins

SECRETARY:

Mrs P J Godwin

REGISTERED OFFICE:

The Elms South Lambs Green

Rusper

Horsham

West Sussex

RH12 4RG

REGISTERED NUMBER:

01562091 (England and Wales)

ACCOUNTANTS:

Keepers Accountancy Ltd

1st Floor

30 Church Road

Burgess Hill

West Sussex

RH15 9AE

FIXED ASSETS

Tangible assets

2

21,362

11,441

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

40,453

57,763

Cash at bank

29,464

34,717

70,917

93,480

CREDITORS

Amounts falling due within one year

67,459

53,959

NET CURRENT ASSETS

3,458

39,521

TOTAL ASSETS LESS CURRENT LIABILITIES

24,820

50,962

PROVISIONS FOR LIABILITIES

3,502

1,348

NET ASSETS

21,318

49,614

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

21,218

49,514

SHAREHOLDERS' FUNDS

21,318

49,614

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 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 Board of Directors on 15 February 2017 and were signed on its behalf by:

Mr G J Hawkins - 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 April 2008).

Turnover

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

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

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

92,796

Additions

15,383

At 31 May 2016

108,179

DEPRECIATION

At 1 June 2015

81,355

Charge for year

5,462

At 31 May 2016

86,817

NET BOOK VALUE

At 31 May 2016

21,362

At 31 May 2015

11,441

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

100

Ordinary

1

100

100