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REGISTERED NUMBER: 01036836 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Group Four Glassfibre Co. Limited

Group Four Glassfibre Co. Limited (Registered number: 01036836)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Group Four Glassfibre Co. Limited

Company Information
for the Year Ended 31 December 2016







DIRECTOR: T Cox





SECRETARY: Mrs M Cox





REGISTERED OFFICE: Unit 42
Church Road Business Centre
Murston
Sittingbourne
Kent
ME10 3RS





REGISTERED NUMBER: 01036836 (England and Wales)





ACCOUNTANTS: Ardor Business Solutions Limited
Chartered Certified Accountants
South View
Lower Wall Road
West Hythe
Kent
CT21 4NW

Group Four Glassfibre Co. Limited (Registered number: 01036836)

Statement of Financial Position
31 December 2016

31/12/16 31/12/15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,315 12,497
Tangible assets 5 55,851 35,079
67,166 47,576

CURRENT ASSETS
Stocks 134,541 115,877
Debtors 6 162,616 229,639
Cash at bank 314,605 335,853
611,762 681,369
CREDITORS
Amounts falling due within one year 7 126,266 138,296
NET CURRENT ASSETS 485,496 543,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,662

590,649

PROVISIONS FOR LIABILITIES 9,104 4,339
NET ASSETS 543,558 586,310

CAPITAL AND RESERVES
Called up share capital 63 63
Capital redemption reserve 37 37
Retained earnings 543,458 586,210
SHAREHOLDERS' FUNDS 543,558 586,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Group Four Glassfibre Co. Limited (Registered number: 01036836)

Statement of Financial Position - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8 May 2017 and were signed by:





T Cox - Director


Group Four Glassfibre Co. Limited (Registered number: 01036836)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Group Four Glassfibre Co. Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of glassfibre goods and services, excluding value added tax,
except in respect of service contracts where turnover is recognised when the company obtains the
right to consideration.

Intangible assets
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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents and licences
Amortisation is provided in order to write off the cost less estimated residual value of each asset over
its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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 that have been
enacted or substantively enacted by the statement of financial position date.


Group Four Glassfibre Co. Limited (Registered number: 01036836)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2016
and 31 December 2016 23,643
AMORTISATION
At 1 January 2016 11,146
Charge for year 1,182
At 31 December 2016 12,328
NET BOOK VALUE
At 31 December 2016 11,315
At 31 December 2015 12,497

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2016 55,906 89,635 44,531 23,999 214,071
Additions - 1,604 24,659 14,680 40,943
At 31 December 2016 55,906 91,239 69,190 38,679 255,014
DEPRECIATION
At 1 January 2016 46,728 73,068 38,970 20,226 178,992
Charge for year 2,295 4,231 7,555 6,090 20,171
At 31 December 2016 49,023 77,299 46,525 26,316 199,163
NET BOOK VALUE
At 31 December 2016 6,883 13,940 22,665 12,363 55,851
At 31 December 2015 9,178 16,567 5,561 3,773 35,079

Group Four Glassfibre Co. Limited (Registered number: 01036836)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/16 31/12/15
£    £   
Trade debtors 152,452 220,850
Prepayments and accrued income 10,164 8,789
162,616 229,639

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/16 31/12/15
£    £   
Trade creditors 20,841 44,134
Taxation 10,564 35,326
VAT 47,825 55,212
Other creditors 1,693 714
Directors' loan accounts 43,543 110
Accrued expenses 1,800 2,800
126,266 138,296

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £96,000 were paid to the director .

Dividends paid during the year are in respect of shares in joint ownership. The above amount
represents the total dividend amount paid in the year.

The premises occupied by the company are owned by the director, Mr T D Cox and his spouse. The
company paid rent, at market value, of £61,800 (2015: £61,800) during the year in respect of these
premises.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Cox and Mrs M Cox by virtue of their joint shareholding.