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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
Page
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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
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Gravely & Paine Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,367 
10,000 
Current assets
Inventories
230,682 
111,000 
Cash at bank and in hand
56,384 
85,332 
287,066 
196,332 
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)
Net assets
69,369 
60,923 
Capital and reserves
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
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Gravely & Paine Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
20,000 
20,000 
Additions
11,600 
- 
11,600 
At 31 March 2024
11,600 
20,000 
31,600 
Depreciation
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 
Net book value
At 31 March 2024
8,700 
6,667 
15,367 
At 31 March 2023
- 
10,000 
10,000 
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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 
- 
VAT
7,306 
48,242 
Trade creditors
67,821 
285 
Taxes and social security
- 
4,135 
Other creditors
- 
11,517 
Loans from directors
2,172 
- 
167,261 
64,179 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
65,081 
81,230 
Taxes and social security
722 
- 
65,803 
81,230 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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