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Company Registration No. 09816609 (England and Wales)
Gravely & Paine Limited Unaudited accounts for the year ended 31 March 2023
Gravely & Paine Limited Unaudited accounts Contents
Page
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Gravely & Paine Limited Company Information for the year ended 31 March 2023
Directors
Mr Antony Phillip Paine Mr Damian Paul Gravely
Company Number
09816609 (England and Wales)
Registered Office
1 WINKHURST FARM IDE HILL ROAD COOPERS CORNER SEVENOAKS KENT TN14 6LB UNITED KINGDOM
Accountants
Track Accountancy Ltd 2 New rents Upper floors Ashford Kent TN23 1JH
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Gravely & Paine Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,000 
15,000 
Current assets
Inventories
111,000 
98,500 
Cash at bank and in hand
85,330 
53,628 
196,330 
152,128 
Creditors: amounts falling due within one year
(64,179)
(6,376)
Net current assets
132,151 
145,752 
Total assets less current liabilities
142,151 
160,752 
Creditors: amounts falling due after more than one year
(81,230)
(50,000)
Net assets
60,921 
110,752 
Capital and reserves
Capital redemption reserve
110,752 
110,029 
Profit and loss account
(49,831)
723 
Shareholders' funds
60,921 
110,752 
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by
Mr Antony Phillip Paine Director Company Registration No. 09816609
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Gravely & Paine Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Gravely & Paine Limited is a private company, limited by shares, registered in England and Wales, registration number 09816609. The registered office is 1 WINKHURST FARM IDE HILL ROAD, COOPERS CORNER, SEVENOAKS, KENT, TN14 6LB, UNITED KINGDOM.
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:
Motor vehicles
25%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2022
20,000 
At 31 March 2023
20,000 
Depreciation
At 1 April 2022
5,000 
Charge for the year
5,000 
At 31 March 2023
10,000 
Net book value
At 31 March 2023
10,000 
At 31 March 2022
15,000 
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Gravely & Paine Limited Notes to the Accounts for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
48,242 
716 
Trade creditors
285 
- 
Taxes and social security
4,135 
2,453 
Other creditors
11,517 
3,207 
64,179 
6,376 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
81,230 
50,000 
7
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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