Charles Gray Ltd. - Accounts to registrar - small 17.2
Charles Gray Ltd. - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
| FOR |
| Charles Gray Ltd. |
| Charles Gray Ltd. (Registered number: 04687575) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| Charles Gray Ltd. |
| COMPANY INFORMATION |
| for the year ended 31 March 2017 |
| Directors: |
| Secretary: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| 129 North Hill |
| Plymouth |
| Devon |
| PL4 8JY |
| Charles Gray Ltd. (Registered number: 04687575) |
| BALANCE SHEET |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings |
| Shareholders' funds |
| Charles Gray Ltd. (Registered number: 04687575) |
| BALANCE SHEET - continued |
| 31 March 2017 |
| 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. |
| 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 signed on its behalf by: |
| Charles Gray Ltd. (Registered number: 04687575) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Charles Gray Limited is a private company, limited by shares, registered in England and |
| Wales. The company's registered number, registered office and business address can be |
| found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts invoiced in respect of work done, adjusted for the value of |
| work in progress at the beginning and end of the period. |
| Tangible fixed assets |
| Computer equipment | - |
| Motor vehicles | - |
| Stocks |
| Stocks are measured at the lower of cost and estimated selling price less costs to complete |
| and sell. Cost is determined using the first in first out method. The carrying amount of stock |
| sold is recognised as an expense in the period in which the related revenue is recognised. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & |
| Loss Account, 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 |
| 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. |
| Charles Gray Ltd. (Registered number: 04687575) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Creditors |
| Short term creditors are measured at transaction price (which is usually the invoice price). |
| Loans and other financial liabilities are initially recognised at transaction price net of any |
| transaction costs and subsequently measured at amortised cost determined using the |
| effective interest method. |
| Debtors |
| Short term debtors are measured at transaction price (which is usually the invoice price), |
| less any impairment losses for bad and doubtful debts. Loans and other financial assets are |
| initially recognised at transaction price including any transaction costs and subsequently |
| measured at amortised cost determined using the effective interest method, less any |
| impairment losses for bad and doubtful debts. |
| Work in progress |
| Cost of work in progress includes a relevant proportion of overheads according to the stage |
| of completion. Where the outcome of a particular property development can be ascertained |
| with reasonable certainty at the balance sheet date, the attributable profit reflecting the |
| proportion of the work carried out at the balance sheet date is recognised and taken to the |
| profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Computer | Motor |
| equipment | vehicles | Totals |
| £ | £ | £ |
| Cost |
| At 1 April 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2017 |
| Depreciation |
| At 1 April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2017 |
| Net book value |
| At 31 March 2017 |
| At 31 March 2016 |
| Charles Gray Ltd. (Registered number: 04687575) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts | 36,967 | 33,421 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary shares | £1 | 100 | 100 |