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REGISTERED NUMBER: SC130119 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

W.Y. GRAHAM LIMITED

W.Y. GRAHAM LIMITED (REGISTERED NUMBER: SC130119)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.Y. GRAHAM LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mrs I G Graham
Ms J G L Ganson
Ms S L W Love





REGISTERED OFFICE: 9 Glasgow Road
Paisley
Renfrewshire
PA1 3QS





REGISTERED NUMBER: SC130119 (Scotland)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

W.Y. GRAHAM LIMITED (REGISTERED NUMBER: SC130119)

BALANCE SHEET
31 July 2024

31.7.23 31.7.24
£    £    Notes £    £   
FIXED ASSETS
39,355 Tangible assets 5 32,829

CURRENT ASSETS
70,660 Stocks 70,346
229,509 Debtors 6 249,522
417,042 Cash at bank and in hand 364,381
717,211 684,249
CREDITORS
276,143 Amounts falling due within one year 7 276,938
441,068 NET CURRENT ASSETS 407,311
480,423 TOTAL ASSETS LESS CURRENT
LIABILITIES

440,140

7,477 PROVISIONS FOR LIABILITIES -
472,946 NET ASSETS 440,140

CAPITAL AND RESERVES
25,000 Called up share capital 25,000
447,946 Retained earnings 415,140
472,946 SHAREHOLDERS' FUNDS 440,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

W.Y. GRAHAM LIMITED (REGISTERED NUMBER: SC130119)

BALANCE SHEET - continued
31 July 2024


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 2 February 2025 and were signed on its behalf by:





Mrs I G Graham - Director


W.Y. GRAHAM LIMITED (REGISTERED NUMBER: SC130119)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

W.Y. Graham Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
The turnover shown in the profit and loss account comprises sales of goods and services at invoice value excluding value added tax.

The risks and rewards of ownership of goods and services are deemed to have been transferred when the goods or services are delivered to, or are picked up by the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold Improvements - 10% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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

Financial instruments
Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.


W.Y. GRAHAM LIMITED (REGISTERED NUMBER: SC130119)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions charged to the company's pension scheme are charged to profit or loss in the period to which they relate.

Dividend
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand as well as deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

W.Y. GRAHAM LIMITED (REGISTERED NUMBER: SC130119)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor Computer
Totals Improvements fittings vehicles equipment
£    £    £    £    £   
COST
At 1 August 2023 219,144 87,913 69,886 32,996 28,349
Additions 267 - - - 267
Disposals (11,666 ) - - - (11,666 )
At 31 July 2024 207,745 87,913 69,886 32,996 16,950
DEPRECIATION
At 1 August 2023 179,789 87,913 47,384 16,580 27,912
Charge for year 6,793 - 2,250 4,104 439
Eliminated on disposal (11,666 ) - - - (11,666 )
At 31 July 2024 174,916 87,913 49,634 20,684 16,685
NET BOOK VALUE
At 31 July 2024 32,829 - 20,252 12,312 265
At 31 July 2023 39,355 - 22,502 16,416 437

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 168,327 160,703
Other debtors 81,195 68,806
249,522 229,509

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 219,762 218,057
Taxation and social security 10,313 10,105
Other creditors 46,863 47,981
276,938 276,143

W.Y. GRAHAM LIMITED (REGISTERED NUMBER: SC130119)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mrs I G Graham
Balance outstanding at start of year 24,050 20,270
Amounts advanced 11,206 20,028
Amounts repaid (1,202 ) (16,248 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,054 24,050

This amount is interest free and has no fixed repayment terms.

During the year under review the company rented property from a director at a rent of £10,800 (2023 £10,800).

9. ULTIMATE CONTROLLING PARTY

Mrs I G Graham controls the company by virtue of her 80% shareholding of the issued share capital.