Company Registration No. 09816609 (England and Wales)
Gravely & Paine Limited
Unaudited accounts
for the year ended 31 March 2024
Gravely & Paine Limited
Unaudited accounts
Contents
Gravely & Paine Limited
Company Information
for the year ended 31 March 2024
Directors
Mr Antony Phillip Paine
Mr Damian Paul Gravely
Company Number
09816609 (England and Wales)
Registered Office
1 WINKHURST FARM IDE HILL ROAD
COOPERS CORNER
SEVENOAKS
KENT
TN14 6LB
UNITED KINGDOM
Accountants
Track Accountancy Ltd
2 New rents
Upper floors
Ashford
Kent
TN23 1JH
Gravely & Paine Limited
Statement of financial position
as at 31 March 2024
Tangible assets
15,367
10,000
Inventories
230,682
111,000
Cash at bank and in hand
56,384
85,332
Creditors: amounts falling due within one year
(167,261)
(64,179)
Net current assets
119,805
132,153
Total assets less current liabilities
135,172
142,153
Creditors: amounts falling due after more than one year
(65,803)
(81,230)
Called up share capital
2
2
Capital redemption reserve
-
110,752
Profit and loss account
69,367
(49,831)
Shareholders' funds
69,369
60,923
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Mr Antony Phillip Paine
Director
Company Registration No. 09816609
Gravely & Paine Limited
Notes to the Accounts
for the year ended 31 March 2024
Gravely & Paine Limited is a private company, limited by shares, registered in England and Wales, registration number 09816609. The registered office is 1 WINKHURST FARM IDE HILL ROAD, COOPERS CORNER, SEVENOAKS, KENT, TN14 6LB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
-
20,000
20,000
At 31 March 2024
11,600
20,000
31,600
At 1 April 2023
-
10,000
10,000
Charge for the year
2,900
3,333
6,233
At 31 March 2024
2,900
13,333
16,233
At 31 March 2024
8,700
6,667
15,367
At 31 March 2023
-
10,000
10,000
Gravely & Paine Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
89,962
-
Trade creditors
67,821
285
Taxes and social security
-
4,135
Loans from directors
2,172
-
6
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
722
-
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).