Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10097138 Mr Graham Varley Mrs Rachel Varley the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10097138 2023-04-30 10097138 2024-04-30 10097138 2023-05-01 2024-04-30 10097138 frs-core:CurrentFinancialInstruments 2024-04-30 10097138 frs-core:Non-currentFinancialInstruments 2024-04-30 10097138 frs-core:BetweenOneFiveYears 2024-04-30 10097138 frs-core:FurnitureFittings 2024-04-30 10097138 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10097138 frs-core:FurnitureFittings 2023-04-30 10097138 frs-core:MotorVehicles 2024-04-30 10097138 frs-core:MotorVehicles 2023-05-01 2024-04-30 10097138 frs-core:MotorVehicles 2023-04-30 10097138 frs-core:PlantMachinery 2024-04-30 10097138 frs-core:PlantMachinery 2023-05-01 2024-04-30 10097138 frs-core:PlantMachinery 2023-04-30 10097138 frs-core:WithinOneYear 2024-04-30 10097138 frs-core:ShareCapital 2024-04-30 10097138 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10097138 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10097138 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10097138 frs-bus:SmallEntities 2023-05-01 2024-04-30 10097138 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10097138 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10097138 1 2023-05-01 2024-04-30 10097138 frs-bus:Director1 2023-05-01 2024-04-30 10097138 frs-bus:Director1 2023-04-30 10097138 frs-bus:Director1 2024-04-30 10097138 frs-bus:Director2 2023-05-01 2024-04-30 10097138 frs-countries:EnglandWales 2023-05-01 2024-04-30 10097138 2022-04-30 10097138 2023-04-30 10097138 2022-05-01 2023-04-30 10097138 frs-core:CurrentFinancialInstruments 2023-04-30 10097138 frs-core:Non-currentFinancialInstruments 2023-04-30 10097138 frs-core:BetweenOneFiveYears 2023-04-30 10097138 frs-core:WithinOneYear 2023-04-30 10097138 frs-core:ShareCapital 2023-04-30 10097138 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10097138
Graham Varley Building Contractors Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10097138
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,671 19,666
15,671 19,666
CURRENT ASSETS
Stocks 4,500 16,855
Debtors 5 1,088 4,672
Cash at bank and in hand 1,108 4,120
6,696 25,647
Creditors: Amounts Falling Due Within One Year 6 (11,856 ) (20,663 )
NET CURRENT ASSETS (LIABILITIES) (5,160 ) 4,984
TOTAL ASSETS LESS CURRENT LIABILITIES 10,511 24,650
Creditors: Amounts Falling Due After More Than One Year 7 (73,673 ) (72,554 )
NET LIABILITIES (63,162 ) (47,904 )
CAPITAL AND RESERVES
Called up share capital 9 20 20
Profit and Loss Account (63,182 ) (47,924 )
SHAREHOLDERS' FUNDS (63,162) (47,904)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Graham Varley
Director
Mrs Rachel Varley
Director
27th January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Graham Varley Building Contractors Limited Registered number 10097138 is a limited by shares company incorporated in England & Wales. The Registered Office is 2 Station Road, Brundall, Norwich, NR13 5LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The accounts have been prepared on a going concern basis. This basis may not be appropriate as at 30th April 2022, the liabilities exceed assets by £63,162 (£47,904 in 2032). The company meets its day to day working requirements through a loan provided by the shareholders, who are also the directors. In light of this ongoing support the directors believe that is is appropriate to prepare the accounts on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance Basis
Motor Vehicles 25% Reducing Balance Basis
Fixtures & Fittings 25% Reducing Balance Basis
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution - 1
2 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 11,934 22,215 1,540 35,689
Additions 1,018 211 - 1,229
As at 30 April 2024 12,952 22,426 1,540 36,918
Depreciation
As at 1 May 2023 8,912 6,027 1,084 16,023
Provided during the period 811 4,299 114 5,224
As at 30 April 2024 9,723 10,326 1,198 21,247
Net Book Value
As at 30 April 2024 3,229 12,100 342 15,671
As at 1 May 2023 3,022 16,188 456 19,666
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 4,052
Prepayments and accrued income 1,088 620
1,088 4,672
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,470 4,337
Trade creditors 1,760 10,526
Bank loans and overdrafts 6,626 5,800
11,856 20,663
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,831 12,433
Bank loans 7,821 14,359
Directors loan account 56,021 45,762
73,673 72,554
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,470 4,337
Later than one year and not later than five years 9,831 12,433
13,301 16,770
13,301 16,770
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Graham Varley 45,761 1,464 11,724 - 56,021
The above loan is unsecured, interest free and repayable on demand.
Page 5
Page 6
11. Ultimate Controlling Party
The company's ultimate controlling party are directors by virtue of their ownership of 100% of the issued share capital in the company.
Page 6