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REGISTERED NUMBER: 06034650 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2023

for

David Gravett Limited

David Gravett Limited (Registered number: 06034650)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


David Gravett Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Gravett
Mrs H Gravett



SECRETARY: Mrs H Gravett



REGISTERED OFFICE: 4 Finney Close
Donisthorpe
Swadlincote
Derbyshire
DE12 7PF



REGISTERED NUMBER: 06034650 (England and Wales)



ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB



BANKERS: Abbey National
Abbey National House
30 St. Vincent Street
Glasgow
G2 GNB

David Gravett Limited (Registered number: 06034650)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,993 5,875

CURRENT ASSETS
Debtors 5 2,812 18,108
Cash at bank 82,683 69,898
85,495 88,006
CREDITORS
Amounts falling due within one year 6 74,343 74,983
NET CURRENT ASSETS 11,152 13,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,145

18,898

PROVISIONS FOR LIABILITIES 931 1,094
NET ASSETS 15,214 17,804

CAPITAL AND RESERVES
Called up share capital 7 400 100
Retained earnings 14,814 17,704
SHAREHOLDERS' FUNDS 15,214 17,804

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

David Gravett Limited (Registered number: 06034650)

Statement of Financial Position - continued
31 December 2023


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 28 April 2024 and were signed on its behalf by:





D Gravett - Director


David Gravett Limited (Registered number: 06034650)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

David Gravett Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 profit or loss in the period to which they relate.

Loans from directors
Any loans from the Director's to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

David Gravett Limited (Registered number: 06034650)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 788 17,360 18,148
DEPRECIATION
At 1 January 2023 431 11,842 12,273
Charge for year 54 828 882
At 31 December 2023 485 12,670 13,155
NET BOOK VALUE
At 31 December 2023 303 4,690 4,993
At 31 December 2022 357 5,518 5,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 251 12,782
Other debtors 1,975 4,723
Prepayments 586 603
2,812 18,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 6,992 10,377
VAT 4,323 5,407
Directors' current accounts 61,933 58,153
Accrued expenses 1,095 1,046
74,343 74,983

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
300 Ordinary A - C £1 300 -
400 100

300 Ordinary A - C shares of £1 each were allotted and fully paid for cash at par during the year.