Company Registration No. NI635907 (Northern Ireland)
GRG Foods Ltd
Unaudited accounts
for the year ended 30 November 2017
GRG Foods Ltd
Unaudited accounts
Contents
GRG Foods Ltd
Company Information
for the year ended 30 November 2017
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
GRG Foods Ltd
Statement of financial position
as at 30 November 2017
Cash at bank and in hand
10,232
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)
Called up share capital
10
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
GRG Foods Ltd
Notes to the Accounts
for the year ended 30 November 2017
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 November 2017
46,400
At 30 November 2017
46,400
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
Charge for the year
-
15,685
875
16,560
At 30 November 2017
-
15,685
875
16,560
At 30 November 2017
169,563
109,795
6,125
285,483
Accrued income and prepayments
877
8
Creditors: amounts falling due within one year
2017
Bank loans and overdrafts
61,062
Taxes and social security
12,527
Loans from directors
42,840
9
Creditors: amounts falling due after more than one year
2017
Obligations under finance leases and hire purchase contracts
15,903
10
Average number of employees
During the year the average number of employees was 15.