Gregory Solutions Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06955182 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Gregory Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

Mrs H L Gregory

SECRETARY:

Mrs H L Gregory

REGISTERED OFFICE:

6 Station View

Rhino Court

Hazel Grove

Stockport

Cheshire

SK7 5ER

REGISTERED NUMBER:

06955182 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

6 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

CURRENT ASSETS

Debtors

4

25,540

6,210

Cash at bank

19,267

31,847

44,807

38,057

CREDITORS

Amounts falling due within one year

5

8,104

12,401

NET CURRENT ASSETS

36,703

25,656

TOTAL ASSETS LESS CURRENT LIABILITIES

36,703

25,656

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

36,603

25,556

SHAREHOLDERS' FUNDS

36,703

25,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 April 2018 and were signed by:

Mrs H L Gregory - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

22,010

6,210

Directors' loan accounts

3,530

-

25,540

6,210

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

1

7

Corporation tax

6,903

4,416

VAT

-

1,240

Other creditors

-

1,002

Directors' loan accounts

-

5,086

Accrued expenses

1,200

650

8,104

12,401

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The outstanding balance on the director's loan account has been fully repaid since the year end.

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,500 (2016 - £8,500) were paid to the director .

Additionally, during the year, the director's wife Helen Louise Gregory, received dividends totalling £8,500

(2016 £8,500).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Pieter Gregory and Helen Louise Gregory.