Company Registration No. 03731072 (England and Wales)
Grange Developments 2000 Limited
Unaudited abbreviated financial statements
For the year ended 31 March 2016
GRANGE DEVELOPMENTS 2000 LIMITED
Grange Developments 2000 Limited
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
GRANGE DEVELOPMENTS 2000 LIMITED
Grange Developments 2000 Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
20% reducing balance
Motor vehicles
20-25% reducing balance
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
GRANGE DEVELOPMENTS 2000 LIMITED
Grange Developments 2000 Limited
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
36,756
27,609
Current assets
Stocks
280,075
324,045
Debtors
109,942
213,904
Cash at bank and in hand
76,345
30,524
466,362
568,473
Creditors: amounts falling due within one year
(96,530)
(158,609)
Net current assets
369,832
409,864
Total assets less current liabilities
406,588
437,473
Provisions for liabilities
(6,458)
(4,438)
400,130
433,035
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
400,030
432,935
Shareholders' funds
400,130
433,035
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 December 2016
D Hart
Director
Company Registration No. 03731072
GRANGE DEVELOPMENTS 2000 LIMITED
Grange Developments 2000 Limited
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
144,852
Additions
18,785
At 31 March 2016
163,637
Depreciation
At 1 April 2015
117,243
Charge for the year
9,638
At 31 March 2016
126,881
Net book value
At 31 March 2016
36,756
At 31 March 2015
27,609
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100