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Company registration number: 10096334
Graham K Stevens Ltd
Unaudited filleted financial statements
30 April 2023
GRAHAM K STEVENS LTD
DIRECTORS AND OTHER INFORMATION
Director Mr Graham Stevens
Company number 10096334
Registered office Harperton
Folly Gate
Okehampton
Devon
EX20 3AA
Business address Harperton
Folly Gate
Okehampton
Devon
EX20 3AA
Accountants Westcotts
26-28 Southernhay East
Exeter
Devon
EX1 1NS
GRAHAM K STEVENS LTD
STATEMENT OF FINANCIAL POSITION
30 APRIL 2023
2023 2022
Note £ £ £ £
Creditors: amounts falling due
within one year 5 ( 854) ( 854)
_______ _______
Net current liabilities ( 854) ( 854)
_______ _______
Total assets less current liabilities ( 854) ( 854)
_______ _______
Net liabilities ( 854) ( 854)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 6 ( 954) ( 954)
_______ _______
Shareholder deficit ( 854) ( 854)
_______ _______
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 October 2023 , and are signed on behalf of the board by:
Mr Graham Stevens
Director
Company registration number: 10096334
GRAHAM K STEVENS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Graham K Stevens Limited, Harperton, Folly Gate, Okehampton, Devon, EX20 3AA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.
Changes in accounting policies
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and been consistently applied.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at theend of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5. Creditors: amounts falling due within one year
2023 2022
£ £
Accruals and deferred income - 402
Other creditors 854 452
_______ _______
854 854
_______ _______
6. Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Director ( 452) ( 402) - ( 854)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Director 350 698 ( 1,500) ( 452)
_______ _______ _______ _______