Company Registration No. 5329359 (England and Wales)
GRAHAM JAMES ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
PAGES FOR FILING WITH REGISTRAR
GRAHAM JAMES ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GRAHAM JAMES ASSOCIATES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2019
31 March 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
3
85,082
85,087
Current assets
Cash at bank and in hand
19,614
22,921
Creditors: amounts falling due within one year
4
(1,831)
(1,807)
Net current assets
17,783
21,114
Total assets less current liabilities
102,865
106,201
Capital and reserves
Called up share capital
1,035
1,035
Share premium account
104,965
104,965
Profit and loss reserves
(3,135)
201
Total equity
102,865
106,201
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 22 November 2019 and are signed on its behalf by:
Mr G R Horne
Director
Company Registration No. 5329359
GRAHAM JAMES ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
- 2 -
1
Accounting policies
Company information
Graham James Associates Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Newlyn, Kingsdown Lane, Blunsdon, Swindon, Wilts., United Kingdom, SN25 5DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
Freehold land is not depreciated
Plant and equipment
25% on reducing balance
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 4 (2018 - 4).
GRAHAM JAMES ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
- 3 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 April 2018 and 31 March 2019
85,066
678
85,744
Depreciation and impairment
At 1 April 2018
-
657
657
Depreciation charged in the year
-
5
5
At 31 March 2019
-
662
662
Carrying amount
At 31 March 2019
85,066
16
85,082
At 31 March 2018
85,066
21
85,087
4
Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
1,831
1,807