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REGISTERED NUMBER: 08409757 (England and Wales)















Unaudited Financial Statements

for the Year Ended 5 April 2024

for

A.E. GRAVES & SON LIMITED

A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757)

Contents of the Financial Statements
for the year ended 5 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A.E. GRAVES & SON LIMITED

Company Information
for the year ended 5 April 2024







Directors: Mr M R Graves
Mr A R Graves





Registered office: 23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 08409757 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757)

Statement of Financial Position
5 April 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 88,112 59,622

Current assets
Debtors 5 554,631 319,412
Cash at bank and in hand 239,180 368,472
793,811 687,884
Creditors
Amounts falling due within one year 6 69,300 89,796
Net current assets 724,511 598,088
Total assets less current liabilities 812,623 657,710

Provisions for liabilities 7 16,741 14,906
Net assets 795,882 642,804

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 795,782 642,704
Shareholders' funds 795,882 642,804

A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757)

Statement of Financial Position - continued
5 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 22 November 2024 and were signed on its behalf by:





Mr A R Graves - Director


A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757)

Notes to the Financial Statements
for the year ended 5 April 2024


1. Statutory information

A.e. Graves & Son 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. 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.
Plant and machinery - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

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

A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


4. Tangible fixed assets
Plant and
machinery
£
Cost
At 6 April 2023 138,239
Additions 43,500
Disposals (15,250 )
At 5 April 2024 166,489
Depreciation
At 6 April 2023 78,617
Charge for year 10,678
Eliminated on disposal (10,918 )
At 5 April 2024 78,377
Net book value
At 5 April 2024 88,112
At 5 April 2023 59,622

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 194,181 39,412
Other debtors 360,000 280,000
VAT 450 -
554,631 319,412

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 28,820 53,419
Corporation tax 40,480 25,678
VAT - 10,699
69,300 89,796

7. Provisions for liabilities
2024 2023
£ £
Deferred tax
Accelerated capital allowances 14,570 14,906
Deferred tax 2,171 -
16,741 14,906

Deferred tax
£
Balance at 6 April 2023 14,906
Utilised during year 1,835
Balance at 5 April 2024 16,741

A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 ordinary £1 100 100

9. Reserves
Retained
earnings
£

At 6 April 2023 642,704
Profit for the year 153,078
At 5 April 2024 795,782