Graceblue (EMEA) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05917426 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

GRACEBLUE (EMEA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

J Timms

M V Lockett

J Haines

I Priest

REGISTERED OFFICE:

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

REGISTERED NUMBER:

05917426 (England and Wales)

ACCOUNTANTS:

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

FIXED ASSETS

Intangible assets

4

1,665

1,997

Tangible assets

5

16,085

49,293

17,750

51,290

CURRENT ASSETS

Debtors

6

2,758,064

2,484,684

Investments

7

-

2,552

Cash at bank

31,285

452

2,789,349

2,487,688

CREDITORS

Amounts falling due within one year

8

598,098

770,199

NET CURRENT ASSETS

2,191,251

1,717,489

TOTAL ASSETS LESS CURRENT LIABILITIES

2,209,001

1,768,779

CAPITAL AND RESERVES

Called up share capital

1,818

1,818

Share premium

369,061

369,061

Capital redemption reserve

554

554

Retained earnings

1,837,568

1,397,346

2,209,001

1,768,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 20 December 2018 and were signed on its behalf by:

J Timms - Director

1.	STATUTORY INFORMATION

Graceblue (EMEA) Limited 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 represents net consultancy fees and services receivable, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten 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

-

Over the life of the lease

Improvements to leasehold

-

Over the life of the lease

Fixtures and fittings

-

20% Straight line

Computer equipment

-

25% Straight line

Foreign currencies

Monetary 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 profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates money purchase pension schemes for some of its directors and employees. Contributions

payable to the company's pension schemes are charged to the profit and loss account in the period to which they

relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2017 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2017

and 31 March 2018

3,329

AMORTISATION

At 1 April 2017

1,332

Amortisation for year

332

At 31 March 2018

1,664

NET BOOK VALUE

At 31 March 2018

1,665

At 31 March 2017

1,997

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

Computer

leasehold

leasehold

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

13,400

52,239

43,643

79,914

189,196

Additions

-

-

-

13,658

13,658

Disposals

(13,400

)

(52,239

)

(43,643

)

(63,101

)

(172,383

)

At 31 March 2018

-

-

-

30,471

30,471

DEPRECIATION

At 1 April 2017

10,720

37,864

33,235

58,084

139,903

Charge for year

2,680

14,375

4,291

19,403

40,749

Eliminated on disposal

(13,400

)

(52,239

)

(37,526

)

(63,101

)

(166,266

)

At 31 March 2018

-

-

-

14,386

14,386

NET BOOK VALUE

At 31 March 2018

-

-

-

16,085

16,085

At 31 March 2017

2,680

14,375

10,408

21,830

49,293

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

612,661

467,567

Amounts owed by group undertakings

304

304

Other debtors

76,142

46,514

Amount owed by related

undertakings

887,333

1,195,909

Directors' current accounts

351,415

295,473

Corporation tax recoverable

152,500

133,901

Prepayments and accrued income

677,709

345,016

2,758,064

2,484,684

7.	CURRENT ASSET INVESTMENTS

2018

2017

£

£

Listed investments

-

2,552

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

1,159

Trade creditors

81,879

213,487

Tax

141,477

125,159

Social security and other taxes

55,174

64,354

VAT

73,339

51,020

Other creditors

32,135

172,044

Amounts owed to related

undertakings

96,187

55,407

Accruals and deferred income

117,907

87,569

598,098

770,199

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

216,000

141,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

J Timms

Balance outstanding at start of year

226,516

214,914

Amounts advanced

3,046

12,345

Amounts repaid

(540

)

(743

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

229,022

226,516

J Haines

Balance outstanding at start of year

68,957

68,457

Amounts advanced

53,435

500

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

122,392

68,957

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Graceblue (EMEA) Limited for the year ended 31 March 2018 which comprise the Profit & Loss

Account, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Graceblue (EMEA) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graceblue (EMEA) Limited and state those matters that we have agreed to state to the Board of Directors of Graceblue (EMEA) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Graceblue (EMEA) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graceblue (EMEA) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Graceblue (EMEA) Limited. You consider that Graceblue (EMEA) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Graceblue (EMEA) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

20 December 2018