Greyfriars Corporation Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03263394 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

Greyfriars Corporation Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J C Borthwick

Mrs M E Borthwick

SECRETARY:

Mrs M E Borthwick

REGISTERED OFFICE:

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

REGISTERED NUMBER:

03263394 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Tangible assets

4

38

76

CURRENT ASSETS

Debtors

5

14,457

51,657

Cash at bank

115,641

98,636

130,098

150,293

CREDITORS

Amounts falling due within one year

6

24,072

18,128

NET CURRENT ASSETS

106,026

132,165

TOTAL ASSETS LESS CURRENT LIABILITIES

106,064

132,241

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

106,062

132,239

SHAREHOLDERS' FUNDS

106,064

132,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 11 May 2018 and were signed on its behalf by:

Mr J C Borthwick - Director

1.	STATUTORY INFORMATION

Greyfriars Corporation 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.

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 etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment

of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is

accounted for in respect of all material timing differences.

Current and deferred 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

and 28 February 2018

1,668

DEPRECIATION

At 1 March 2017

1,592

Charge for year

38

At 28 February 2018

1,630

NET BOOK VALUE

At 28 February 2018

38

At 28 February 2017

76

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

10,584

3,244

Other debtors

3,873

48,413

14,457

51,657

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

22,632

16,688

Other creditors

1,440

1,440

24,072

18,128

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and

28 February 2017:

2018

2017

£

£

Mr J C Borthwick

Balance outstanding at start of year

48,412

464

Amounts advanced

4,169

49,401

Amounts repaid

(48,708

)

(1,453

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,873

48,412

Interest has been charged at 3% on the above loan.