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REGISTERED NUMBER: 05257617 (England and Wales)











Financial Statements

for the Year Ended 31 October 2023

for

GRAHAM PRESKETT LIMITED

GRAHAM PRESKETT LIMITED (REGISTERED NUMBER: 05257617)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRAHAM PRESKETT LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr G Preskett





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05257617 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

GRAHAM PRESKETT LIMITED (REGISTERED NUMBER: 05257617)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,711 8,531

CURRENT ASSETS
Debtors 5 161,978 124,972
Cash at bank 46,437 60,038
208,415 185,010
CREDITORS
Amounts falling due within one year 6 24,517 26,585
NET CURRENT ASSETS 183,898 158,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,609

166,956

CAPITAL AND RESERVES
Called up share capital 7 400 400
Retained earnings 190,209 166,556
SHAREHOLDERS' FUNDS 190,609 166,956

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 July 2024 and were signed by:





Mr G Preskett - Director


GRAHAM PRESKETT LIMITED (REGISTERED NUMBER: 05257617)

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

1. STATUTORY INFORMATION

Graham Preskett 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 20% 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 balance sheet date.

Going concern
The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

GRAHAM PRESKETT LIMITED (REGISTERED NUMBER: 05257617)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 52,856 12,295 65,151
Additions 617 - 617
At 31 October 2023 53,473 12,295 65,768
DEPRECIATION
At 1 November 2022 46,466 10,154 56,620
Charge for year 2,009 428 2,437
At 31 October 2023 48,475 10,582 59,057
NET BOOK VALUE
At 31 October 2023 4,998 1,713 6,711
At 31 October 2022 6,390 2,141 8,531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 51,482 32,625
Directors' current accounts 110,496 92,347
161,978 124,972

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 18,313 22,906
VAT 5,371 2,846
Accruals and deferred income 833 833
24,517 26,585

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
400 400

GRAHAM PRESKETT LIMITED (REGISTERED NUMBER: 05257617)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr G Preskett
Balance outstanding at start of year 92,347 60,364
Amounts advanced 51,904 92,142
Amounts repaid (33,755 ) (60,159 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,496 92,347

At the balance sheet date, the director owed an amount of £110,496 (2022: £92,347) to the company. Interest of 2.25% has been charged on the loan amount.