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REGISTERED NUMBER: SC268343 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Graham & Co (Accountants) Limited

Graham & Co (Accountants) Limited (Registered number: SC268343)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Graham & Co (Accountants) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K Mackenzie
S Girvan





SECRETARY: K Mackenzie





REGISTERED OFFICE: 76 Dumbarton Road
Clydebank
Glasgow
G81 1UG





REGISTERED NUMBER: SC268343 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
Chartered Accountants
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

Graham & Co (Accountants) Limited (Registered number: SC268343)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,059 86,946

CURRENT ASSETS
Debtors 5 93,516 94,538
Cash at bank and in hand 152,236 161,736
245,752 256,274
CREDITORS
Amounts falling due within one year 6 285,563 285,685
NET CURRENT LIABILITIES (39,811 ) (29,411 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,248

57,535

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,148 57,435
SHAREHOLDERS' FUNDS 43,248 57,535

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 5 March 2025 and were signed on its behalf by:





K Mackenzie - Director


Graham & Co (Accountants) Limited (Registered number: SC268343)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Graham & Co (Accountants) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost or valuation
Plant and machinery etc - 33% on cost and 15% on cost

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.

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 payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Graham & Co (Accountants) Limited (Registered number: SC268343)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 90,000 26,390 116,390
Disposals - (7,980 ) (7,980 )
At 30 June 2024 90,000 18,410 108,410
DEPRECIATION
At 1 July 2023 9,000 20,444 29,444
Charge for year 1,800 2,083 3,883
Eliminated on disposal - (7,976 ) (7,976 )
At 30 June 2024 10,800 14,551 25,351
NET BOOK VALUE
At 30 June 2024 79,200 3,859 83,059
At 30 June 2023 81,000 5,946 86,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 89,796 91,132
Other debtors 3,720 3,406
93,516 94,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 5,638 3,671
Taxation and social security 57,034 60,515
Other creditors 222,891 221,499
285,563 285,685

7. RELATED PARTY DISCLOSURES

Creditors includes £219,053 (2023 - £220,711) due to the directors.