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Company Registration No. 08973519 (England and Wales)
Kevin Granger Limited Unaudited accounts for the year ended 31 March 2024
Kevin Granger Limited Unaudited accounts Contents
Page
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Kevin Granger Limited Company Information for the year ended 31 March 2024
Director
Kevin Granger
Company Number
08973519 (England and Wales)
Registered Office
2 Oak Cottage Ludgate Lane Lynsted Sittingbourne ME9 0RQ England
Accountants
Meadows Accountancy Ltd 16 Fawn Meadows Greystoke Penrith Cumbria CA11 0FQ
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Kevin Granger Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,304 
4,406 
Investment property
161,788 
- 
165,092 
4,406 
Current assets
Cash at bank and in hand
12,088 
23,358 
Creditors: amounts falling due within one year
(170,296)
(19,688)
Net current (liabilities)/assets
(158,208)
3,670 
Net assets
6,884 
8,076 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,784 
7,976 
Shareholders' funds
6,884 
8,076 
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 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 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 and authorised for issue on 23 October 2024 and were signed on its behalf by
Kevin Granger Director Company Registration No. 08973519
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Kevin Granger Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Kevin Granger Limited is a private company, limited by shares, registered in England and Wales, registration number 08973519. The registered office is 2 Oak Cottage Ludgate Lane, Lynsted, Sittingbourne, ME9 0RQ, England.
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% Reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Kevin Granger Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
4,500 
At 31 March 2024
4,500 
Depreciation
At 1 April 2023
94 
Charge for the year
1,102 
At 31 March 2024
1,196 
Net book value
At 31 March 2024
3,304 
At 31 March 2023
4,406 
5
Investment property
2024 
£ 
Additions
161,788 
At 31 March 2024
161,788 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
470 
499 
Other creditors
80,976 
18,389 
Loans from directors
88,000 
- 
Accruals
850 
800 
170,296 
19,688 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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