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REGISTERED NUMBER: 01928918 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

OLIVER & GRAIMES DESIGN ASSOCIATES
LIMITED

OLIVER & GRAIMES DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 01928918)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLIVER & GRAIMES DESIGN ASSOCIATES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D E Graimes
G D Graimes
G D Graimes





SECRETARY: Mrs R J Graimes





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 01928918 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

OLIVER & GRAIMES DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 01928918)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,936 18,849
Investments 6 22,962 22,520
38,898 41,369

CURRENT ASSETS
Debtors 7 460,722 603,928
Cash at bank and in hand 418,321 229,882
879,043 833,810
CREDITORS
Amounts falling due within one year 8 379,323 259,376
NET CURRENT ASSETS 499,720 574,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,618

615,803

CREDITORS
Amounts falling due after more than one
year

9

(10,917

)

(19,167

)

PROVISIONS FOR LIABILITIES 11 (3,380 ) (3,895 )
NET ASSETS 524,321 592,741

CAPITAL AND RESERVES
Called up share capital 12 13,125 13,125
Retained earnings 511,196 579,616
SHAREHOLDERS' FUNDS 524,321 592,741

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

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

OLIVER & GRAIMES DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 01928918)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:




G D Graimes - Director



G D Graimes - Director


OLIVER & GRAIMES DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 01928918)

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


1. STATUTORY INFORMATION

Oliver & Graimes Design Associates 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
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Revenue from services is recognised when the service has been provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty 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.

Intellectual property rights are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fittings & equipment - 20% on cost and 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


OLIVER & GRAIMES DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 01928918)

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


2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual
property
Goodwill rights Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 12,000 20,000 32,000
AMORTISATION
At 1 September 2023
and 31 August 2024 12,000 20,000 32,000
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 - - -

OLIVER & GRAIMES DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 01928918)

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


5. TANGIBLE FIXED ASSETS
Fittings
& equipment
£   
COST
At 1 September 2023 33,253
Additions 1,165
At 31 August 2024 34,418
DEPRECIATION
At 1 September 2023 14,404
Charge for year 4,078
At 31 August 2024 18,482
NET BOOK VALUE
At 31 August 2024 15,936
At 31 August 2023 18,849

6. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 September 2023 22,520 - 22,520
Additions - 442 442
At 31 August 2024 22,520 442 22,962
NET BOOK VALUE
At 31 August 2024 22,520 442 22,962
At 31 August 2023 22,520 - 22,520

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 356,906 253,672
Amounts owed by group undertakings 550 1,260
Other debtors 103,266 348,996
460,722 603,928

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 49,450 83,131
Taxation and social security 116,312 111,845
Other creditors 203,561 54,400
379,323 259,376

OLIVER & GRAIMES DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 01928918)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,167 19,167
Other creditors 1,750 -
10,917 19,167

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 21,013 18,911
Between one and five years 9,293 23,711
30,306 42,622

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,380 3,895

Deferred
tax
£   
Balance at 1 September 2023 3,895
Credit to Statement of Income and Retained Earnings during year (515 )
Balance at 31 August 2024 3,380

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
26,250 Ordinary 50p 13,125 13,125

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTIES

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

2024 2023
£    £   
G D Graimes
Balance outstanding at start of year - -
Amounts advanced 548 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 548 -

OLIVER & GRAIMES DESIGN ASSOCIATES
LIMITED (REGISTERED NUMBER: 01928918)

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


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTIES - continued

G D Graimes
Balance outstanding at start of year 103 832
Amounts advanced - 143
Amounts repaid (103 ) (872 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 103

D E Graimes
Balance outstanding at start of year 2,331 673
Amounts advanced - 28,880
Amounts repaid (2,331 ) (27,222 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,331

Amounts advanced by the company to its directors are interest free and repayable on demand.