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REGISTERED NUMBER: 01126218 (England and Wales)














A J GRANT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J GRANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A J Grant
Mrs J M Grant
J E Grant
T A Grant





SECRETARY: Mrs J M Grant





REGISTERED OFFICE: Station Farm
Old Leake
Boston
Lincolnshire
PE22 9RT





REGISTERED NUMBER: 01126218 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 373,543 348,146
Investments 4 1 1
373,544 348,147

CURRENT ASSETS
Stocks 263,239 166,113
Debtors 5 270,869 173,826
Cash at bank and in hand 147,839 82,507
681,947 422,446
CREDITORS
Amounts falling due within one year 6 193,841 145,222
NET CURRENT ASSETS 488,106 277,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

861,650

625,371

CREDITORS
Amounts falling due after more than one
year

7

(15,700

)

(30,519

)

PROVISIONS FOR LIABILITIES (40,938 ) (36,113 )
NET ASSETS 805,012 558,739

A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

BALANCE SHEET - continued
31 MARCH 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 795,012 548,739
SHAREHOLDERS' FUNDS 805,012 558,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





A J Grant - Director


A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 12.5% on reducing balance
Fixtures & Office Equipment - 12.5% on reducing balance
Motor Vehicles - 25% on reducing balance
Tractors - 30% on reducing balance

Financial instruments
Listed investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

3. TANGIBLE FIXED ASSETS
Freehold Leased Plant &
property Assets machinery
£    £    £   
COST
At 1 April 2022 158,080 20,862 439,732
Additions - - 70,531
Disposals - - -
At 31 March 2023 158,080 20,862 510,263
DEPRECIATION
At 1 April 2022 - 20,861 322,019
Charge for year - - 23,532
Eliminated on disposal - - -
At 31 March 2023 - 20,861 345,551
NET BOOK VALUE
At 31 March 2023 158,080 1 164,712
At 31 March 2022 158,080 1 117,713

A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. TANGIBLE FIXED ASSETS - continued

Fixtures
& Office Motor
Equipment Vehicles Tractors Totals
£    £    £    £   
COST
At 1 April 2022 70,709 1,845 421,721 1,112,949
Additions - - - 70,531
Disposals - - (230,176 ) (230,176 )
At 31 March 2023 70,709 1,845 191,545 953,304
DEPRECIATION
At 1 April 2022 70,115 1,845 349,963 764,803
Charge for year 75 - 21,527 45,134
Eliminated on disposal - - (230,176 ) (230,176 )
At 31 March 2023 70,190 1,845 141,314 579,761
NET BOOK VALUE
At 31 March 2023 519 - 50,231 373,543
At 31 March 2022 594 - 71,758 348,146

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Leased Plant &
Assets machinery Tractors Totals
£    £    £    £   
COST
At 1 April 2022 20,862 72,585 146,443 239,890
Additions - 63,000 - 63,000
At 31 March 2023 20,862 135,585 146,443 302,890
DEPRECIATION
At 1 April 2022 20,861 9,073 74,686 104,620
Charge for year - 15,815 21,527 37,342
At 31 March 2023 20,861 24,888 96,213 141,962
NET BOOK VALUE
At 31 March 2023 1 110,697 50,230 160,928
At 31 March 2022 1 63,512 71,757 135,270

A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 260,121 156,878
Other debtors 10,748 16,948
270,869 173,826

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 46,019 30,509
Trade creditors 47,846 34,367
Taxation and social security 46,146 20,487
Other creditors 53,830 59,859
193,841 145,222

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 15,700 30,519