Registered number
06726101
GRAHAM THOMAS UK LTD
Filleted Accounts
31 October 2024
GRAHAM THOMAS UK LTD
Registered number: 06726101
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 76,644 94,181
Investments 4 337,892 337,892
414,536 432,073
Current assets
Stocks 295,000 342,200
Debtors 5 13,700 14,462
Cash at bank and in hand 621,265 671,773
929,965 1,028,435
Creditors: amounts falling due within one year 6 (41,619) (37,498)
Net current assets 888,346 990,937
Net assets 1,302,882 1,423,010
Capital and reserves
Called up share capital 50 50
Profit and loss account 1,302,832 1,422,960
Shareholders' funds 1,302,882 1,423,010
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
GRAHAM THOMAS
Director
Approved by the board on 6 January 2025
GRAHAM THOMAS UK LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 11
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 86,907 118,763 205,670
Additions 665 - 665
At 31 October 2024 87,572 118,763 206,335
Depreciation
At 1 November 2023 39,950 71,539 111,489
Charge for the year 8,757 9,445 18,202
At 31 October 2024 48,707 80,984 129,691
Net book value
At 31 October 2024 38,865 37,779 76,644
At 31 October 2023 46,957 47,224 94,181
4 Investments
Other
investments
£
Cost
At 1 November 2023 337,892
At 31 October 2024 337,892
5 Debtors 2024 2023
£ £
Trade debtors 13,700 12,962
Other debtors - 1,500
13,700 14,462
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 16,742 10,837
Taxation and social security costs 1,622 903
Other creditors 23,255 25,758
41,619 37,498
7 Pension commitments
The company operates a Workplace pension scheme through NEST and all staff are enrolled, if they are eligible or entitled.
8 Controlling party
The company is under the control of the Director and his Spouse by virtue of them owning the fully issued share capital.
9 Other information
GRAHAM THOMAS UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 1-3
HOOTEN LOGISTICS PARK
HOOTEN ROAD
ELLESMERE PORT
CH66 7NA
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