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Registration number: 11532511

Graham Kingaby Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Graham Kingaby Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Graham Kingaby Limited

Company Information

Directors

Mr G Kingaby

Mrs I Kingaby

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

Graham Kingaby Limited

(Registration number: 11532511)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

2,818

2,774

Current assets

 

Debtors

4

21,805

20,724

Cash at bank and in hand

 

19,578

11,179

 

41,383

31,903

Creditors: Amounts falling due within one year

5

(24,900)

(26,742)

Net current assets

 

16,483

5,161

Total assets less current liabilities

 

19,301

7,935

Provisions for liabilities

(536)

(527)

Net assets

 

18,765

7,408

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

18,665

7,308

Shareholders' funds

 

18,765

7,408

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 January 2025 and signed on its behalf by:
 

.........................................
Mr G Kingaby
Director

 

Graham Kingaby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

 

Graham Kingaby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

5,600

5,600

Additions

865

865

At 31 August 2024

6,465

6,465

Depreciation

At 1 September 2023

2,826

2,826

Charge for the year

821

821

At 31 August 2024

3,647

3,647

Carrying amount

At 31 August 2024

2,818

2,818

At 31 August 2023

2,774

2,774

 

Graham Kingaby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Debtors

Current

2024
£

2023
£

Trade debtors

20,157

19,928

Prepayments

1,006

796

Other debtors

642

-

 

21,805

20,724

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

7

111

-

Trade creditors

 

90

90

Taxation and social security

 

10,639

5,932

Other creditors

 

14,060

20,720

 

24,900

26,742

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

50

50

50

50

Ordinary A of £1 each

50

50

50

50

100

100

100

100

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

111

-

 

Graham Kingaby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

8

Related party transactions

Transactions with directors

2024

At 1 September 2023
£

Advances to director
£

At 31 August 2024
£

Mr G Kingaby

No interest is charged on the loan and there is no fixed date of repayment.

9,679

(8,375)

1,304