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REGISTERED NUMBER: 04968613 (England and Wales)


















Graham Stone Plumbers Limited

Unaudited Financial Statements

for the Year Ended 31st January 2024






Graham Stone Plumbers Limited (Registered number: 04968613)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Graham Stone Plumbers Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: R Stone
J Carnegie-Brown





REGISTERED OFFICE: 122 Harrow Road
West Bridgford
Nottingham
NG2 7DX





REGISTERED NUMBER: 04968613 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Graham Stone Plumbers Limited (Registered number: 04968613)

Balance Sheet
31st January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,888 6,721

CURRENT ASSETS
Stocks 735 735
Debtors 6 7,851 18,820
Cash at bank 32,378 26,762
40,964 46,317
CREDITORS
Amounts falling due within one year 7 (10,018 ) (13,203 )
NET CURRENT ASSETS 30,946 33,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,834

39,835

CREDITORS
Amounts falling due after more than one
year

8

(4,123

)

(7,019

)

PROVISIONS FOR LIABILITIES (266 ) (1,164 )
NET ASSETS 28,445 31,652

CAPITAL AND RESERVES
Called up share capital 9 1,050 1,050
Retained earnings 27,395 30,602
SHAREHOLDERS' FUNDS 28,445 31,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

Graham Stone Plumbers Limited (Registered number: 04968613)

Balance Sheet - continued
31st January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th October 2024 and were signed on its behalf by:





R Stone - Director


Graham Stone Plumbers Limited (Registered number: 04968613)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Graham Stone Plumbers 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Graham Stone Plumbers Limited (Registered number: 04968613)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023
and 31st January 2024 24,682
DEPRECIATION
At 1st February 2023 17,961
Charge for year 4,833
At 31st January 2024 22,794
NET BOOK VALUE
At 31st January 2024 1,888
At 31st January 2023 6,721

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,008 18,820
Other debtors 843 -
7,851 18,820

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,228 3,302
Trade creditors 1,049 1,287
Taxation and social security 3,303 6,016
Other creditors 2,438 2,598
10,018 13,203

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,123 7,019

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A 1 50 50
1,000 Ordinary B 0.05 1,000 1,000
1,050 1,050