2 2 Michael D Graham Limited 04207917 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 04207917 2023-05-01 2024-04-30 04207917 2024-04-30 04207917 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-04-30 04207917 core:CurrentFinancialInstruments 2024-04-30 04207917 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04207917 core:FurnitureFittings 2024-04-30 04207917 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-30 04207917 bus:SmallEntities 2023-05-01 2024-04-30 04207917 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04207917 bus:FilletedAccounts 2023-05-01 2024-04-30 04207917 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04207917 bus:RegisteredOffice 2023-05-01 2024-04-30 04207917 bus:CompanySecretary1 2023-05-01 2024-04-30 04207917 bus:Director1 2023-05-01 2024-04-30 04207917 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04207917 bus:Agent1 2023-05-01 2024-04-30 04207917 core:Goodwill 2023-05-01 2024-04-30 04207917 core:Buildings 2023-05-01 2024-04-30 04207917 core:FurnitureFittings 2023-05-01 2024-04-30 04207917 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04207917 core:UKTax 2023-05-01 2024-04-30 04207917 countries:EnglandWales 2023-05-01 2024-04-30 04207917 2023-04-30 04207917 core:FurnitureFittings 2023-04-30 04207917 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 04207917 2022-05-01 2023-04-30 04207917 2023-04-30 04207917 core:CurrentFinancialInstruments 2023-04-30 04207917 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04207917 core:FurnitureFittings 2023-04-30 04207917 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 04207917 core:UKTax 2022-05-01 2023-04-30 xbrli:pure iso4217:GBP

Registration number: 04207917

Michael D Graham Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Michael D Graham Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Michael D Graham Limited

Company Information

Director

M Graham

Company secretary

Mrs V Graham

Registered office

Stinsford Hill House
Stinsford
Dorchester
Dorset
DT2 8PS

Accountants

Perrigo Consultants Limited
Chartered Certified AccountantsAnglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

Michael D Graham Limited

(Registration number: 04207917)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

2,099,993

2,110,510

Other financial assets

6

825,668

863,701

 

2,925,661

2,974,211

Current assets

 

Debtors

7

-

28

Cash at bank and in hand

 

71,610

58,724

 

71,610

58,752

Creditors: Amounts falling due within one year

8

(58,708)

(65,352)

Net current assets/(liabilities)

 

12,902

(6,600)

Total assets less current liabilities

 

2,938,563

2,967,611

Provisions for liabilities

(110,321)

(113,055)

Net assets

 

2,828,242

2,854,556

Capital and reserves

 

Called up share capital

1,200

1,200

Retained earnings

2,827,042

2,853,356

Shareholders' funds

 

2,828,242

2,854,556

For the financial 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.

Director's 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 director acknowledges 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 January 2025
 

.........................................
M Graham
Director

 

Michael D Graham Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Stinsford Hill House
Stinsford
Dorchester
Dorset
DT2 8PS

The principal place of business is:
Stinsford Hill House
Stinsford
Dorchester
Dorset
DT2 8PS

These financial statements were authorised for issue by the director on 31 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

 

Michael D Graham Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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

Furniture and Fittings

33.33% Reducing Balance Method

Freehold Property

0.50% Straight Line Method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Michael D Graham Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

9,774

5,444

Deferred taxation

Arising from changes in tax rates and laws

(2,734)

24,589

Tax expense in the income statement

7,040

30,033

Deferred tax

 

Michael D Graham Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 May 2023

2,130,000

8,367

2,138,367

Additions

-

1,104

1,104

At 30 April 2024

2,130,000

9,471

2,139,471

Depreciation

At 1 May 2023

21,300

6,557

27,857

Charge for the year

10,650

971

11,621

At 30 April 2024

31,950

7,528

39,478

Carrying amount

At 30 April 2024

2,098,050

1,943

2,099,993

At 30 April 2023

2,108,700

1,810

2,110,510

Included within the net book value of land and buildings above is £2,098,050 (2023 - £2,108,700) in respect of freehold land and buildings.
 

 

Michael D Graham Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2023

863,702

863,702

Disposals

(38,034)

(38,034)

At 30 April 2024

825,668

825,668

Impairment

Carrying amount

At 30 April 2024

825,668

825,668

7

Debtors

Current

2024
£

2023
£

Other debtors

-

28

 

-

28

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

51

428

Taxation and social security

9,351

5,228

Accruals and deferred income

1,680

3,939

Other creditors

47,626

55,757

58,708

65,352