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Company Registration No. 08658058 (England and Wales)
Graham & Graham (Hull) Limited Unaudited accounts for the year ended 31 March 2022
Graham & Graham (Hull) Limited Unaudited accounts Contents
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Graham & Graham (Hull) Limited Company Information for the year ended 31 March 2022
Director
Duncan Graham
Company Number
08658058 (England and Wales)
Registered Office
14 The Haven Victoria Dock Hull HU9 1TH
Accountants
Port Accounting Services Limited 7, Bridge View Park Henry Boot Way Hull HU4 7DW
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Graham & Graham (Hull) Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,283 
4,102 
Current assets
Inventories
2,265 
2,265 
Debtors
9,480 
13,838 
Cash at bank and in hand
88,445 
73,235 
100,190 
89,338 
Creditors: amounts falling due within one year
(18,308)
(19,888)
Net current assets
81,882 
69,450 
Total assets less current liabilities
85,165 
73,552 
Provisions for liabilities
Deferred tax
(624)
(779)
Net assets
84,541 
72,773 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
84,441 
72,673 
Shareholders' funds
84,541 
72,773 
For the year ending 31 March 2022 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.
The financial statements were approved by the Board and authorised for issue on 12 September 2022 and were signed on its behalf by
Duncan Graham Director Company Registration No. 08658058
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Graham & Graham (Hull) Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Graham & Graham (Hull) Limited is a private company, limited by shares, registered in England and Wales, registration number 08658058. The registered office is 14 The Haven, Victoria Dock, Hull, HU9 1TH.
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 remained unchanged from the previous year, and also 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
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Graham & Graham (Hull) Limited Notes to the Accounts for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2021
2,745 
6,227 
8,972 
At 31 March 2022
2,745 
6,227 
8,972 
Depreciation
At 1 April 2021
1,832 
3,038 
4,870 
Charge for the year
182 
637 
819 
At 31 March 2022
2,014 
3,675 
5,689 
Net book value
At 31 March 2022
731 
2,552 
3,283 
At 31 March 2021
913 
3,189 
4,102 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
9,480 
13,838 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
4,501 
3,118 
Trade creditors
7,829 
10,576 
Taxes and social security
5,478 
2,715 
Loans from directors
- 
2,979 
Accruals
500 
500 
18,308 
19,888 
7
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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