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REGISTERED NUMBER: 08437261 (England and Wales)















David Graham Au Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






David Graham Au Ltd (Registered number: 08437261)






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


David Graham Au Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G F Harling





SECRETARY: Mrs C Harling





REGISTERED OFFICE: The White House
2 Meadrow
Godalming
Surrey
GU7 3HN





REGISTERED NUMBER: 08437261 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

David Graham Au Ltd (Registered number: 08437261)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,826 17,613
15,826 17,613

CURRENT ASSETS
Stocks 6 25,456 6,680
Debtors 7 37,206 145,544
Cash at bank 21,146 35,698
83,808 187,922
CREDITORS
Amounts falling due within one year 8 72,740 181,192
NET CURRENT ASSETS 11,068 6,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,894

24,343

CREDITORS
Amounts falling due after more than one
year

9

(12,500

)

(21,666

)

PROVISIONS FOR LIABILITIES (4,252 ) (2,419 )
NET ASSETS 10,142 258

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 10,138 254
SHAREHOLDERS' FUNDS 10,142 258

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 director acknowledges his 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.

David Graham Au Ltd (Registered number: 08437261)

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 director and authorised for issue on 17 November 2024 and were signed by:





G F Harling - Director


David Graham Au Ltd (Registered number: 08437261)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

David Graham Au Ltd 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. 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 represent net invoiced sales of jewellery after adjustments for opening and closing accrued income, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% 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 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.

David Graham Au Ltd (Registered number: 08437261)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company makes contributions on behalf of the directors to their individual pension schemes. Pension scheme contributions are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 7,000
AMORTISATION
At 1 April 2023
and 31 March 2024 7,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023 5,434 90,384 95,818
Additions - 2,694 2,694
At 31 March 2024 5,434 93,078 98,512
DEPRECIATION
At 1 April 2023 1,187 77,018 78,205
Charge for year 466 4,015 4,481
At 31 March 2024 1,653 81,033 82,686
NET BOOK VALUE
At 31 March 2024 3,781 12,045 15,826
At 31 March 2023 4,247 13,366 17,613

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 25,456 6,680

David Graham Au Ltd (Registered number: 08437261)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 30,811 83,572
Other debtors 5,491 5,484
Directors' current accounts - 55,602
Prepayments and accrued income 904 886
37,206 145,544

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank overdraft 10,000 25,397
Trade creditors 1,450 25,631
Taxation and social security 58,511 38,607
Other creditors 2,779 91,557
72,740 181,192

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,500 21,666

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
G F Harling
Balance outstanding at start of year 34,175 22,199
Amounts advanced 14,987 61,038
Amounts repaid (49,184 ) (49,062 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (22 ) 34,175

D R Stevens
Balance outstanding at start of year 21,427 10,096
Amounts advanced 2,565 43,583
Amounts repaid (23,993 ) (32,252 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1 ) 21,427

Interest has been charged on overdrawn amounts where appropriate at the approved HMRC rate.