Acorah Software Products - Accounts Production 15.0.400 false true false 24 February 2023 28 February 2024 28 February 2024 SC760117 Mr Alasdair Graham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC760117 2023-02-23 SC760117 2024-02-28 SC760117 2023-02-24 2024-02-28 SC760117 frs-core:CurrentFinancialInstruments 2024-02-28 SC760117 frs-core:MotorVehicles 2024-02-28 SC760117 frs-core:MotorVehicles 2023-02-24 2024-02-28 SC760117 frs-core:MotorVehicles 2023-02-23 SC760117 frs-core:PlantMachinery 2024-02-28 SC760117 frs-core:PlantMachinery 2023-02-24 2024-02-28 SC760117 frs-core:PlantMachinery 2023-02-23 SC760117 frs-core:ShareCapital 2024-02-28 SC760117 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC760117 frs-bus:PrivateLimitedCompanyLtd 2023-02-24 2024-02-28 SC760117 frs-bus:FilletedAccounts 2023-02-24 2024-02-28 SC760117 frs-bus:SmallEntities 2023-02-24 2024-02-28 SC760117 frs-bus:AuditExempt-NoAccountantsReport 2023-02-24 2024-02-28 SC760117 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-24 2024-02-28 SC760117 frs-bus:Director1 2023-02-24 2024-02-28 SC760117 frs-countries:Scotland 2023-02-24 2024-02-28
Registered number: SC760117
Graham Trades Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Hawthorn Tax
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC760117
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 17,538
17,538
CURRENT ASSETS
Stocks 5 3,250
Debtors 6 4,807
Cash at bank and in hand 420
8,477
Creditors: Amounts Falling Due Within One Year 7 (25,613 )
NET CURRENT ASSETS (LIABILITIES) (17,136 )
TOTAL ASSETS LESS CURRENT LIABILITIES 402
NET ASSETS 402
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account 401
SHAREHOLDERS' FUNDS 402
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alasdair Graham
Director
24/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Graham Trades Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC760117 . The registered office is 17 Langlea Court, Cambuslang, Glasgow, G72 8HU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 10% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 24 February 2023 5,000 14,813 19,813
As at 28 February 2024 5,000 14,813 19,813
Depreciation
As at 24 February 2023 917 1,358 2,275
As at 28 February 2024 917 1,358 2,275
Net Book Value
As at 28 February 2024 4,083 13,455 17,538
As at 24 February 2023 4,083 13,455 17,538
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5. Stocks
2024
£
Materials 3,250
6. Debtors
2024
£
Due within one year
Trade debtors 3,725
Other debtors 1,082
4,807
7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors (2,324 )
Other creditors 27,937
25,613
8. Share Capital
2024
£
Allotted, Called up and fully paid 1
Page 4