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REGISTERED NUMBER: 01212364 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

THE GRAHAM MONTROSE COMPANY LIMITED

THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE GRAHAM MONTROSE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Dr J A Carron
Mr R H O Graham
Miss S R Graham





SECRETARY: Dr J A Carron





REGISTERED OFFICE: Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH





REGISTERED NUMBER: 01212364 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194,740 195,616

CURRENT ASSETS
Stocks 5 8,291 12,369
Debtors 6 19,912 7,847
Cash at bank and in hand 52,929 51,928
81,132 72,144
CREDITORS
Amounts falling due within one year 7 31,771 28,718
NET CURRENT ASSETS 49,361 43,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,101

239,042

PROVISIONS FOR LIABILITIES 8 602 754
NET ASSETS 243,499 238,288

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 242,499 237,288
SHAREHOLDERS' FUNDS 243,499 238,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:



Mr R H O Graham - Director


THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

The Graham Montrose Company 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
Turnover represents public house takings, excluding value added tax.

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.
Freehold property - not provided
Leasehold property - write off over period of lease
Furniture & equipment - 20% on reducing balance
Computer equipment - 33% on cost

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

The directors perform annual impairment reviews in accordance with the requirements of FRS102 (1A) to ensure that the recoverable amount is not lower than the carrying value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Freehold Leasehold Furniture Computer
property property & equipment equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 191,238 114,000 121,386 1,209 427,833
DEPRECIATION
At 1 May 2023 - 114,000 117,008 1,209 232,217
Charge for year - - 876 - 876
At 30 April 2024 - 114,000 117,884 1,209 233,093
NET BOOK VALUE
At 30 April 2024 191,238 - 3,502 - 194,740
At 30 April 2023 191,238 - 4,378 - 195,616

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Furniture
& equipment
£   
COST
At 1 May 2023
and 30 April 2024 2,119
DEPRECIATION
At 1 May 2023
and 30 April 2024 1,763
NET BOOK VALUE
At 30 April 2024 356
At 30 April 2023 356

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 8,291 12,369

THE GRAHAM MONTROSE COMPANY LIMITED (REGISTERED NUMBER: 01212364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 12,008 1,085
Prepayments and accrued income 7,904 6,762
19,912 7,847

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 11,146 2,654
Tax - 1,511
Social security and other taxes 2,030 1,505
VAT 10,872 9,705
Proposed dividends - 7,500
Other creditors 3,471 2,261
Directors' current accounts 492 507
Accrued expenses 3,760 3,075
31,771 28,718

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 602 754

Deferred
tax
£   
Balance at 1 May 2023 754
Provided during year (152 )
Movement in provision
Balance at 30 April 2024 602

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
300 Ordinary A £1 300 300
300 Ordinary B £1 300 300
400 Ordinary C £1 400 400
1,000 1,000