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REGISTERED NUMBER: 06016770 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gra-Knight Limited

Gra-Knight Limited (Registered number: 06016770)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gra-Knight Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Knight
K Knight





SECRETARY: K Knight





REGISTERED OFFICE: Berkeley House
Amery street
Alton
Hampshire
GU34 1HN





REGISTERED NUMBER: 06016770 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

Gra-Knight Limited (Registered number: 06016770)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,384 146,341

CURRENT ASSETS
Debtors 5 18,555 23,556
Cash at bank 31,497 82,113
50,052 105,669
CREDITORS
Amounts falling due within one year 6 82,766 91,429
NET CURRENT (LIABILITIES)/ASSETS (32,714 ) 14,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,670

160,581

CREDITORS
Amounts falling due after more than one
year

7

(18,919

)

(24,167

)

PROVISIONS FOR LIABILITIES (31,369 ) (25,315 )
NET ASSETS 53,382 111,099

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 53,380 111,097
SHAREHOLDERS' FUNDS 53,382 111,099

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.

Gra-Knight Limited (Registered number: 06016770)

Balance Sheet - 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 26 September 2024 and were signed on its behalf by:





S Knight - Director


Gra-Knight Limited (Registered number: 06016770)

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

1. STATUTORY INFORMATION

Gra-Knight 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 (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover represents net invoiced sales of goods and 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Gra-Knight Limited (Registered number: 06016770)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 209,533 3,553 76,689 9,757 299,532
Additions - - - 239 239
At 31 December 2023 209,533 3,553 76,689 9,996 299,771
DEPRECIATION
At 1 January 2023 86,655 2,506 57,182 6,848 153,191
Charge for year 3,848 711 4,876 761 10,196
At 31 December 2023 90,503 3,217 62,058 7,609 163,387
NET BOOK VALUE
At 31 December 2023 119,030 336 14,631 2,387 136,384
At 31 December 2022 122,878 1,047 19,507 2,909 146,341

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 13,241
Transfer to ownership (13,241 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 8,935
Transfer to ownership (8,935 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 4,306

Gra-Knight Limited (Registered number: 06016770)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,964 9,746
Other debtors 10,591 13,810
18,555 23,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 36,129 46,389
Taxation and social security 24,544 31,921
Other creditors 12,093 3,119
82,766 91,429

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 18,919 24,167

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
K Knight
Balance outstanding at start of year 3,648 8,715
Amounts advanced 1,020 678
Amounts repaid (2,812 ) (5,745 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,856 3,648

S Knight
Balance outstanding at start of year 3,381 7,354
Amounts advanced 708 1,339
Amounts repaid (745 ) (5,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,344 3,381

Gra-Knight Limited (Registered number: 06016770)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

At the year end the directors owe £5,199 to the company.(2022: £7,029)