REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts for the Year Ended 31 August 2016 |
|
for |
|
Herbert Graves (Briston) Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts for the Year Ended 31 August 2016 |
|
for |
|
Herbert Graves (Briston) Limited |
Herbert Graves (Briston) Limited (Registered number: 00417689) |
|
|
|
|
|
|
Contents of the Abbreviated Accounts |
for the year ended 31 August 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 4 |
Herbert Graves (Briston) Limited |
|
Company Information |
for the year ended 31 August 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
|
|
|
|
Herbert Graves (Briston) Limited (Registered number: 00417689) |
|
Abbreviated Balance Sheet |
31 August 2016 |
|
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
Investments | 3 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 4 |
|
|
Revaluation reserve |
|
|
Profit and loss account |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
Herbert Graves (Briston) Limited (Registered number: 00417689) |
|
Abbreviated Balance Sheet - continued |
31 August 2016 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
by: |
|
|
|
|
|
|
|
Herbert Graves (Briston) Limited (Registered number: 00417689) |
|
Notes to the Abbreviated Accounts |
for the year ended 31 August 2016 |
|
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 January 2015). |
|
Turnover |
Turnover represents sales made from the various retail outlets operated by the company, excluding value added |
tax. |
|
Tangible fixed assets |
|
|
Land and buildings | - |
|
Plant and machinery etc | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
|
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charges to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
|
Rentals paid under operating leases are charged to the profit and loss account as incurred. |
|
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. |
|
Investments |
Fixed asset investments are valued at cost. |
|
Revaluation of tangible fixed assets |
As permitted by the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective |
June 2002) the company has elected not to adopt a policy of revaluation of tangible fixed assets. The company |
will retain the book value of land and buildings, previously revalued at £161,102 and will not update that |
valuation. |
|
Grant income |
The company received grants from the East of England Development Agency under the regional development |
programme funding scheme in 2011 and 2012. The grants assisted with the construction of a new butchery |
cutting room buildings and office buildings at the main site in Briston. In accordance with SSAP4, Accounting for |
Government Grants, the proportion of the grant receivable relating to capital expenditure has been treated as |
deferred income in the balance sheet and is being released to the profit and loss account over the estimated |
useful life of the assets, matching the company's depreciation policy. |
Herbert Graves (Briston) Limited (Registered number: 00417689) |
|
Notes to the Abbreviated Accounts - continued |
for the year ended 31 August 2016 |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2015 |
|
Additions |
|
Disposals | ( |
) |
At 31 August 2016 |
|
DEPRECIATION |
At 1 September 2015 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 31 August 2016 |
|
NET BOOK VALUE |
At 31 August 2016 |
|
At 31 August 2015 |
|
|
3. | FIXED ASSET INVESTMENTS |
|
Investments (neither listed nor unlisted) were as follows: |
2016 | 2015 |
£ | £ |
Anglia Farmers investment | 50 | 50 |
|
4. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
|
Ordinary | £1 |
|
|
|
5. | ULTIMATE CONTROLLING PARTY |
|
Mr P J Graves and Mr K P Graves, directors, are in tandem the ultimate controlling party of the company by |
virtue of their shareholdings. No individual person has overall control. |