1 December 2016 false No description of principal activity Taxfiler 2018.14.Web NI635907business:PrivateLimitedCompanyLtd2016-12-012017-11-30 NI6359072016-11-30 NI6359072016-12-012017-11-30 NI635907business:AuditExempt-NoAccountantsReport2016-12-012017-11-30 NI635907business:FullAccounts2016-12-012017-11-30 NI6359072017-11-30 NI635907business:Director12016-12-012017-11-30 NI635907business:CompanySecretary12016-12-012017-11-30 NI635907business:RegisteredOffice2016-12-012017-11-30 NI635907core:WithinOneYear2017-11-30 NI635907core:AfterOneYear2017-11-30 NI635907core:ShareCapital2017-11-30 NI635907core:SharePremium2017-11-30 NI635907core:RetainedEarningsAccumulatedLosses2017-11-30 NI635907business:SmallEntities2016-12-012017-11-30 NI635907countries:NorthernIreland2016-12-012017-11-30 NI635907core:PlantMachinery2016-12-012017-11-30 NI635907core:MotorVehicles2016-12-012017-11-30 NI635907core:Goodwill2016-11-30 NI635907core:Goodwill2016-12-012017-11-30 NI635907core:Goodwill2017-11-30 NI635907core:LandBuildings2016-11-30 NI635907core:PlantMachinery2016-11-30 NI635907core:MotorVehicles2016-11-30 NI635907core:LandBuildings2016-12-012017-11-30 NI635907core:LandBuildings2017-11-30 NI635907core:PlantMachinery2017-11-30 NI635907core:MotorVehicles2017-11-30 iso4217:GBP xbrli:pure
Company Registration No. NI635907 (Northern Ireland)
GRG Foods Ltd Unaudited accounts for the year ended 30 November 2017
GRG Foods Ltd Unaudited accounts Contents
Page
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GRG Foods Ltd Company Information for the year ended 30 November 2017
Director
Mr Gary Irvine
Secretary
Mr Gary Irvine
Company Number
NI635907 (Northern Ireland)
Registered Office
62 MAIN STREET, TATTINDERRY MAGUIRESBRIDGE ENNISKILLEN COUNTY FERMANAGH BT94 4RZ NORTHERN IRELAND
Accountants
Donna Whyte ACMA Unit 4, 47D Main Street Edenmore Tempo Fermanagh BT94 3LW
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GRG Foods Ltd Statement of financial position as at 30 November 2017
2017 
Notes
£ 
Fixed assets
Intangible assets
46,400 
Tangible assets
285,483 
331,883 
Current assets
Inventories
21,528 
Debtors
111,573 
Cash at bank and in hand
10,232 
143,333 
Creditors: amounts falling due within one year
(262,938)
Net current liabilities
(119,605)
Total assets less current liabilities
212,278 
Creditors: amounts falling due after more than one year
(123,131)
Net assets
89,147 
Capital and reserves
Called up share capital
10 
Share premium
54,528 
Profit and loss account
34,609 
Shareholders' funds
89,147 
For the year ending 30 November 2017 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 his 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 13 November 2018.
Mr Gary Irvine Director Company Registration No. NI635907
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GRG Foods Ltd Notes to the Accounts for the year ended 30 November 2017
1
Statutory information
GRG Foods Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI635907. The registered office is 62 MAIN STREET, TATTINDERRY, MAGUIRESBRIDGE, ENNISKILLEN, COUNTY FERMANAGH, BT94 4RZ, NORTHERN IRELAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
12.5% Straight Line
Motor vehicles
12.5% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2016
- 
Additions
46,400 
At 30 November 2017
46,400 
Amortisation
At 1 December 2016
- 
At 30 November 2017
- 
Net book value
At 30 November 2017
46,400 
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GRG Foods Ltd Notes to the Accounts for the year ended 30 November 2017
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2016
- 
- 
- 
- 
Additions
169,563 
125,480 
7,000 
302,043 
At 30 November 2017
169,563 
125,480 
7,000 
302,043 
Depreciation
Charge for the year
- 
15,685 
875 
16,560 
At 30 November 2017
- 
15,685 
875 
16,560 
Net book value
At 30 November 2017
169,563 
109,795 
6,125 
285,483 
6
Inventories
2017 
£ 
Raw materials
17,011 
Finished goods
4,517 
21,528 
7
Debtors
2017 
£ 
Trade debtors
102,278 
Accrued income and prepayments
877 
Other debtors
8,418 
111,573 
8
Creditors: amounts falling due within one year
2017 
£ 
Bank loans and overdrafts
61,062 
Trade creditors
112,444 
Taxes and social security
12,527 
Loans from directors
42,840 
Accruals
34,065 
262,938 
9
Creditors: amounts falling due after more than one year
2017 
£ 
Bank loans
107,228 
Obligations under finance leases and hire purchase contracts
15,903 
123,131 
10
Average number of employees
During the year the average number of employees was 15.
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