Company Registration No. 2842512 (England and Wales)
Grommets Limited
Unaudited accounts
for the year ended 31 August 2018
Grommets Limited
Unaudited accounts
Contents
Grommets Limited
Company Information
for the year ended 31 August 2018
Company Number
2842512 (England and Wales)
Registered Office
Unit 2
Hollands Lane
Henfield
West Sussex
BN5 9QY
Accountants
Keymer Haslam & Co
Bowden House
1 Church Street
Henfield
West Sussex
BN5 9NS
Grommets Limited
Statement of financial position
as at
31 August 2018
Tangible assets
22,226
16,935
Inventories
64,168
67,298
Cash at bank and in hand
165,220
143,444
Creditors: amounts falling due within one year
(111,599)
(104,361)
Net current assets
208,981
183,835
Net assets
231,207
200,770
Called up share capital
37,221
37,221
Share premium
12,779
12,779
Profit and loss account
181,207
150,770
Shareholders' funds
231,207
200,770
For the year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 November 2018.
Mrs J Boorma
Director
Company Registration No. 2842512
Grommets Limited
Notes to the Accounts
for the year ended 31 August 2018
Grommets Limited is a private company, limited by shares, registered in England and Wales, registration number 2842512. The registered office is Unit 2, Hollands Lane, Henfield, West Sussex, BN5 9QY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line 5%
Plant & machinery
Straight line 20%
Motor vehicles
Reducing Balance 25%
Grommets Limited
Notes to the Accounts
for the year ended 31 August 2018
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2017
16,391
65,528
12,139
11,330
105,388
Additions
-
11,390
-
-
11,390
Disposals
-
-
(12,139)
-
(12,139)
At 31 August 2018
16,391
76,918
-
11,330
104,639
At 1 September 2017
2,461
64,517
10,148
11,327
88,453
Charge for the year
820
3,288
-
-
4,108
On disposals
-
-
(10,148)
-
(10,148)
At 31 August 2018
3,281
67,805
-
11,327
82,413
At 31 August 2018
13,110
9,113
-
3
22,226
At 31 August 2017
13,930
1,011
1,991
3
16,935
Raw materials
64,168
67,298
Trade debtors
91,192
77,454
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
12,028
17,251
Obligations under finance leases and hire purchase contracts
-
5,080
Trade creditors
20,636
11,687
Taxes and social security
78,335
68,220
8
Average number of employees
During the year the average number of employees was 12 (2017: 12).