REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 JUNE 2021 |
|
FOR |
|
GREVILLE HOUSE SERVICES LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 JUNE 2021 |
|
FOR |
|
GREVILLE HOUSE SERVICES LIMITED |
GREVILLE HOUSE SERVICES LIMITED (REGISTERED NUMBER: 04119622) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 June 2021 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
GREVILLE HOUSE SERVICES LIMITED |
|
COMPANY INFORMATION |
for the Year Ended 30 June 2021 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Greville House |
10 Jury Street |
Warwick |
Warwickshire |
CV34 4EW |
GREVILLE HOUSE SERVICES LIMITED (REGISTERED NUMBER: 04119622) |
|
BALANCE SHEET |
30 June 2021 |
|
30.6.21 | 30.6.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
9 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their 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. |
GREVILLE HOUSE SERVICES LIMITED (REGISTERED NUMBER: 04119622) |
|
BALANCE SHEET - continued |
30 June 2021 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
GREVILLE HOUSE SERVICES LIMITED (REGISTERED NUMBER: 04119622) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 June 2021 |
|
1. | STATUTORY INFORMATION |
|
Greville House Services Limited is a
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 30th June 2021 are the company's first financial statements that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105. The company's date of transition to FRS 102 is the 1st July 2019. It's last financial statements prepared in accordance with its previous financial reporting framework were for the year ended 30th June 2020. |
|
The financial effects of the transition are set out in the notes below. |
|
Turnover |
Turnover represents revenue earned under a wide range of contracts to provide professional services. |
|
Revenue is recognised as earned when, to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured as the fair value of the right to consideration, which represents amounts chargeable to clients including expenses and disbursements but excluding value added tax. |
|
Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors within amounts recoverable on contracts. |
|
Intangible assets - goodwill |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
|
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2014 and 2018, are being amortised evenly over their respective estimated useful life of 10 years. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Government grants |
The company receives government grants in respect of the coronavirus job retention scheme. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with the conditions attaching to them. The grants will be received using the accrual model. |
|
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
GREVILLE HOUSE SERVICES LIMITED (REGISTERED NUMBER: 04119622) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 June 2021 |
|
2. | ACCOUNTING POLICIES - continued |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 July 2020 |
and 30 June 2021 |
|
AMORTISATION |
At 1 July 2020 |
|
Charge for year |
|
At 30 June 2021 |
|
NET BOOK VALUE |
At 30 June 2021 |
|
At 30 June 2020 |
|
|
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 July 2020 |
|
Additions |
|
Disposals | ( |
) |
At 30 June 2021 |
|
DEPRECIATION |
At 1 July 2020 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 30 June 2021 |
|
NET BOOK VALUE |
At 30 June 2021 |
|
At 30 June 2020 |
|
GREVILLE HOUSE SERVICES LIMITED (REGISTERED NUMBER: 04119622) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 June 2021 |
|
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
|
At 30 June 2021 |
|
NET BOOK VALUE |
At 30 June 2021 |
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Trade debtors |
|
|
Amounts recoverable on contract |
|
|
Other debtors |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Bank loans |
|
|
Other creditors |
|
|
|
|
GREVILLE HOUSE SERVICES LIMITED (REGISTERED NUMBER: 04119622) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 June 2021 |
|
10. | FIRST YEAR ADOPTION |
|
The company's date of transition from FRS 105 to FRS 102 section 1A was the 1st July 2019. The financial effects of the transition are set out below. |
|
1.7.19 | 30.6.20 |
£ | £ |
|
Equity as reported under FRS 105 | 273,304 | 315,996 |
Deferred tax recognition on date of transition | (1,280 | ) | (1,280 | ) |
Equity as restated under FRS 102 s1A | £272,024 | £314,716 |
|
30.06.20 |
£ |
|
Profit as reported under FRS 105 | 143,023 |
Deferred tax provision for the year | (79 | ) |
Profit as restated under FRS 102 s1A | £142,944 |
|
Deferred Tax |
Under the company's previous financial reporting framework (FRS 105), no deferred tax provisions was made in respect of accelerated capital allowances. FRS 102 1A requires this to be provided for where applicable. |