Company Registration No. NI658593 (Northern Ireland)
Graham Plant Painting Ltd
Unaudited accounts
for the year ended 31 January 2024
Graham Plant Painting Ltd
Unaudited accounts
Contents
Graham Plant Painting Ltd
Company Information
for the year ended 31 January 2024
Directors
Ben Graham
Gail Graham
Company Number
NI658593 (Northern Ireland)
Registered Office
5 Glen Road
Ballinaskeagh
Banbridge
Down
BT32 5DY
Accountants
Beech Accounting Ltd
185 Magheralane Road
Randalstown
Antrim
BT41 2PH
Graham Plant Painting Ltd
Statement of financial position
as at 31 January 2024
Intangible assets
3,904
3,904
Tangible assets
162,423
171,412
Cash at bank and in hand
11,410
36,365
Creditors: amounts falling due within one year
(73,288)
(53,078)
Net current assets
17,142
34,014
Total assets less current liabilities
183,469
209,330
Creditors: amounts falling due after more than one year
(41,137)
(56,185)
Net assets
142,332
153,145
Called up share capital
(100)
(100)
Profit and loss account
142,432
153,245
Shareholders' funds
142,332
153,145
For the year ending 31 January 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 30 October 2024 and were signed on its behalf by
Ben Graham
Director
Company Registration No. NI658593
Graham Plant Painting Ltd
Notes to the Accounts
for the year ended 31 January 2024
Graham Plant Painting Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI658593. The registered office is 5 Glen Road, Ballinaskeagh, Banbridge, Down, BT32 5DY.
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:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Graham Plant Painting Ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
100,000
65,229
65,364
6,444
237,037
Additions
-
5,378
-
1,239
6,617
At 31 January 2024
100,000
70,607
65,364
7,683
243,654
At 1 February 2023
-
32,985
29,711
2,929
65,625
Charge for the year
-
7,524
7,131
951
15,606
At 31 January 2024
-
40,509
36,842
3,880
81,231
At 31 January 2024
100,000
30,098
28,522
3,803
162,423
At 31 January 2023
100,000
32,244
35,653
3,515
171,412
Amounts falling due within one year
Trade debtors
79,020
43,432
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
74
Trade creditors
29,487
29,234
Taxes and social security
42,397
36,201
Loans from directors
504
(13,331)
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).