REGISTERED NUMBER: 01788917 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2013

FOR

GRANTON ENGINEERING & MANUFACTURING

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J A Pendry

M A Pendry

SECRETARY:

M A Pendry

REGISTERED OFFICE:

1 Davis Way

Fareham

Hampshire

PO14 1JF

REGISTERED NUMBER:

01788917 (England and Wales)

ACCOUNTANTS:

Leonard Gold

Chartered Accountants

24 Landport Terrace

Portsmouth

Hampshire

PO1 2RG

CURRENT ASSETS

Stocks

45,739

46,234

Debtors

49,552

32,181

95,291

78,415

CREDITORS

Amounts falling due within one year

273,135

237,507

NET CURRENT LIABILITIES

(177,844

)

(159,092

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(177,844

)

(159,092

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(177,846

)

(159,094

)

SHAREHOLDERS' FUNDS

(177,844

)

(159,092

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2013 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 March 2014 and were signed on its behalf by:

J A Pendry - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Since the year end date the directors have performed a review of the operations of the company and specific

actions have been undertaken to try and improve the profitability of the company. The ultimate parent

company, Elite Engineering Limited, is committed to providing the financial support and other resources

required to ensure that the company is able to continue to trade and meet its liabilities as they fall due. As a

result of this, the directors are confident that the prospects of the company are improved and accordingly the

going concern basis of accounting has been adopted.

Accounting convention

The financial statements have been prepared under the historical cost convention in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Plant and machinery

- between 12 % and 25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

and 31 August 2013

20,422

DEPRECIATION

At 1 September 2012

and 31 August 2013

20,422

NET BOOK VALUE

At 31 August 2013

-

At 31 August 2012

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

2

4.	ULTIMATE PARENT COMPANY

Elite Engineering Limited is regarded by the directors as being the company's ultimate parent company.