Company registration number: 03299493
Unaudited financial statements
for the year ended 5 April 2024
for
Graham Hay Ltd
Pages for filing with the Registrar
Company registration number: 03299493
Graham Hay Ltd
Balance sheet
as at 5 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 649 649
649 649
Current assets
Stocks 1,150 1,150
Debtors 1,200 1,200
2,350 2,350
Creditors: amounts falling due within
one year
(49,452) (49,452)
Net current liabilities (47,102) (47,102)
Total assets less current liabilities (46,453) (46,453)
NET LIABILITIES (46,453) (46,453)
Capital and reserves
Called up share capital 14 14
Profit and loss account (46,467) (46,467)
TOTAL EQUITY (46,453) (46,453)
The company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies for the year ended 5 April 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03299493
Graham Hay Ltd
Balance sheet - continued
as at 5 April 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 2 May 2024 and signed on its behalf by:
Mr P Hay, Director Mrs S Hay, Director
2 May 2024 2 May 2024
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Graham Hay Ltd
Notes to the financial statements
for the year ended 5 April 2024
1 Company information
Graham Hay Ltd is a private company registered in England and Wales. Its registered number is 03299493. The company is limited by shares. Its registered office is Sterling House, 7 Ashford Road, Maidstone, Kent, ME14 5BJ.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 and machinery etc.:
Plant and machinery - 25% reducing balance
Computer equipment - 33.33% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
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Graham Hay Ltd
Notes to the financial statements - continued
for the year ended 5 April 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 6 April 2023 6,304
At 5 April 2024 6,304
Depreciation
At 6 April 2023 5,655
At 5 April 2024 5,655
Net book value
At 5 April 2024 649
At 5 April 2023 649
5 Related party transactions
Included within current liabilities is the amount totaling £40,484 owed to the director, Mr P D Hay, who has stated that this amount is given free of interest and is repayable on demand.


6 Going concern
The company is reliant on the financial support of the directors who have advanced the company £47,255 by way of directors loans. The directors have stated that this amount will only be called up for repayment when the company has sufficient reserves and future operating cashflows from which to repay these debts and meet all its other debts as they fall due. For this reason the directors have adopted the Going Concern principle when preparing these financial statements despite liabilities exceeding assets by £46,453.
7 Controlling party
The company is controlled by the directors by virtue of their shareholdings.
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