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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017 |
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GRIFFIN'S RESCUE LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017 |
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FOR |
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GRIFFIN'S RESCUE LIMITED |
GRIFFIN'S RESCUE LIMITED (REGISTERED NUMBER: 04453346) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 May 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 6 |
GRIFFIN'S RESCUE LIMITED |
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COMPANY INFORMATION |
for the year ended 31 May 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
10 St Ann Street |
Salisbury |
Wiltshire |
SP1 2DN |
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BANKERS: |
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46 Fore Street |
Trowbridge |
Wiltshire |
BA14 8EL |
GRIFFIN'S RESCUE LIMITED (REGISTERED NUMBER: 04453346) |
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BALANCE SHEET |
31 May 2017 |
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31.5.17 | 31.5.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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GRIFFIN'S RESCUE LIMITED (REGISTERED NUMBER: 04453346) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 May 2017 |
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1. | STATUTORY INFORMATION |
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Griffin's Rescue Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the value of recovery services and vehicle repairs provided to the company's customers |
during the year net of value added tax and discounts. |
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Turnover is recognised upon completion of work on customers vehicles at which time the customer is invoiced |
and the significant risks and rewards of ownership of the work undertaken have transferred to the customer. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
The company holds stock of parts and consumables associated with its trade. |
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As both parts and consumables are not subject to either technical or physical obsolescence they are valued at |
cost. Parts are ordered on a just in time basis and issued to jobs on a first in first out basis. |
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Hire purchase and leasing commitments |
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. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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GRIFFIN'S RESCUE LIMITED (REGISTERED NUMBER: 04453346) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2017 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 June 2016 |
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Additions |
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Disposals |
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At 31 May 2017 |
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DEPRECIATION |
At 1 June 2016 |
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Charge for year |
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Eliminated on disposal |
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At 31 May 2017 |
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NET BOOK VALUE |
At 31 May 2017 |
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At 31 May 2016 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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COST |
At 1 June 2016 |
and 31 May 2017 |
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DEPRECIATION |
At 1 June 2016 |
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Charge for year |
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At 31 May 2017 |
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NET BOOK VALUE |
At 31 May 2017 |
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At 31 May 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.17 | 31.5.16 |
£ | £ |
Trade debtors |
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Amounts recoverable on contract |
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Other debtors |
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GRIFFIN'S RESCUE LIMITED (REGISTERED NUMBER: 04453346) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.17 | 31.5.16 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.17 | 31.5.16 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mr P N Griffin. |
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9. | FIRST YEAR ADOPTION |
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The company transitioned from UK GAAP to FRS102 Section 1A on 1 June 2015. |
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There have been no changes to accounting policies arising from the transition. |
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The transition to FRS102 Section 1A has had no effect on the company's equity at the date of transition, nor as |
at 31 May 2016. |
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The transition has had no effect on the company's profit for the year ended 31 May 2016. |
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CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
GRIFFIN'S RESCUE LIMITED |
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The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Griffin's Rescue Limited for the year ended 31 May 2017 which comprise the Statement of |
Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from |
information and explanations you have given us. |
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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. |
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This report is made solely to the director of Griffin's Rescue Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Griffin's Rescue Limited and state those matters that we have agreed to state to the director of Griffin's Rescue Limited 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 Griffin's Rescue Limited director for our work or for this report. |
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It is your duty to ensure that Griffin's Rescue 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 Griffin's Rescue Limited. You consider that Griffin's Rescue Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Griffin's Rescue 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. |
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Chartered Accountants |
10 St Ann Street |
Salisbury |
Wiltshire |
SP1 2DN |
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