Company Registration No. 07775825 (England and Wales)
GRAHAM BROWNING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2019
PAGES FOR FILING WITH REGISTRAR
GRAHAM BROWNING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GRAHAM BROWNING LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2019
30 September 2019
- 1 -
2019
2018
Notes
£
£
£
£
Current assets
Debtors
3
-
346,764
Cash at bank and in hand
2,018,346
1,911,523
2,018,346
2,258,287
Creditors: amounts falling due within one year
4
(131,639)
(124,496)
Net current assets
1,886,707
2,133,791
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
1,886,706
2,133,790
Total equity
1,886,707
2,133,791
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial Period ended 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his 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 Period 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 and signed by the director and authorised for issue on 14 March 2020
Mr G C Browning
Director
Company Registration No. 07775825
GRAHAM BROWNING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2019
- 2 -
1
Accounting policies
Company information
Graham Browning Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
c/o David Ridley Associates, Manor House, 1 Macaulay Road, Broadstone, Dorset, BH18 8AS.
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
Reporting period
[ FRS 102
3.10 An entity shall present a complete set of financial statements (including comparative
information as set out in paragraph 3.14) at least annually. When the end of an entity’s
reporting period changes and the annual financial statements are presented for a
period longer or shorter than one year, the entity shall disclose the following:
(a) that fact;
(b) the reason for using a longer or shorter period; and
(c) the fact that comparative amounts presented in the financial statements (including
the related notes) are not entirely comparable.
]
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was 1 (2018 - 6).
3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
-
28,536
Corporation tax recoverable
-
39,949
Other debtors
-
278,279
-
346,764
GRAHAM BROWNING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2019
3
Debtors
(Continued)
- 3 -
4
Creditors: amounts falling due within one year
2019
2018
£
£
Corporation tax
4
28,377
Other creditors
131,635
96,119
131,639
124,496
5
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary of £1 each
1
1