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REGISTERED NUMBER: 01126218 (England and Wales)














A J GRANT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J GRANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A J Grant
Mrs J M Grant
T A Grant





SECRETARY: Mrs J M Grant





REGISTERED OFFICE: Station Farm
Old Leake
Boston
Lincolnshire
PE22 9RT





REGISTERED NUMBER: 01126218 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 368,048 373,543
Investments 4 1 1
368,049 373,544

CURRENT ASSETS
Stocks 133,214 263,239
Debtors 5 267,216 270,869
Cash at bank and in hand 257,650 147,839
658,080 681,947
CREDITORS
Amounts falling due within one year 6 152,908 193,841
NET CURRENT ASSETS 505,172 488,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

873,221

861,650

CREDITORS
Amounts falling due after more than one
year

7

-

(15,700

)

PROVISIONS FOR LIABILITIES (39,894 ) (40,938 )
NET ASSETS 833,327 805,012

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 823,327 795,012
SHAREHOLDERS' FUNDS 833,327 805,012

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

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

A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





A J Grant - Director


A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 12.5% on reducing balance
Fixtures & Office Equipment - 12.5% on reducing balance
Motor Vehicles - 25% on reducing balance
Tractors - 30% on reducing balance

Financial instruments
Listed investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

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.

A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

3. TANGIBLE FIXED ASSETS
Freehold Leased Plant &
property Assets machinery
£    £    £   
COST
At 1 April 2023 158,080 20,862 510,263
Additions - - 45,949
Disposals - - (11,401 )
At 31 March 2024 158,080 20,862 544,811
DEPRECIATION
At 1 April 2023 - 20,861 345,551
Charge for year - - 24,909
At 31 March 2024 - 20,861 370,460
NET BOOK VALUE
At 31 March 2024 158,080 1 174,351
At 31 March 2023 158,080 1 164,712

Fixtures
& Office Motor
Equipment Vehicles Tractors Totals
£    £    £    £   
COST
At 1 April 2023 70,709 1,845 191,545 953,304
Additions - - - 45,949
Disposals - - - (11,401 )
At 31 March 2024 70,709 1,845 191,545 987,852
DEPRECIATION
At 1 April 2023 70,190 1,845 141,314 579,761
Charge for year 65 - 15,069 40,043
At 31 March 2024 70,255 1,845 156,383 619,804
NET BOOK VALUE
At 31 March 2024 454 - 35,162 368,048
At 31 March 2023 519 - 50,231 373,543

A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Leased Plant &
Assets machinery Tractors Totals
£    £    £    £   
COST
At 1 April 2023 20,862 135,585 146,443 302,890
Transfer to ownership - (72,585 ) (146,443 ) (219,028 )
At 31 March 2024 20,862 63,000 - 83,862
DEPRECIATION
At 1 April 2023 20,861 24,888 96,213 141,962
Charge for year - 6,891 - 6,891
Transfer to ownership - (17,013 ) (96,213 ) (113,226 )
At 31 March 2024 20,861 14,766 - 35,627
NET BOOK VALUE
At 31 March 2024 1 48,234 - 48,235
At 31 March 2023 1 110,697 50,230 160,928

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 260,593 260,121
Other debtors 6,623 10,748
267,216 270,869

A J GRANT LIMITED (REGISTERED NUMBER: 01126218)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,700 46,019
Trade creditors 74,097 47,846
Taxation and social security 13,952 46,146
Other creditors 49,159 53,830
152,908 193,841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 15,700