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REGISTERED NUMBER: 06279518 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Will Graves Limited

Will Graves Limited (Registered number: 06279518)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Will Graves Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M W Graves
Mrs J M Graves





REGISTERED OFFICE: 7 Manor Close
Clifton
Bedfordshire
SG17 5EJ





REGISTERED NUMBER: 06279518 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Will Graves Limited (Registered number: 06279518)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,059 14,897
15,059 14,897

CURRENT ASSETS
Cash at bank 8,726 15,717

CREDITORS
Amounts falling due within one year 6 9,859 12,024
NET CURRENT (LIABILITIES)/ASSETS (1,133 ) 3,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,926

18,590

PROVISIONS FOR LIABILITIES 7 3,733 2,830
NET ASSETS 10,193 15,760

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 10,192 15,759
SHAREHOLDERS' FUNDS 10,193 15,760

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.

Will Graves Limited (Registered number: 06279518)

Balance Sheet - continued
30 June 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 12 March 2025 and were signed on its behalf by:





M W Graves - Director


Will Graves Limited (Registered number: 06279518)

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

1. STATUTORY INFORMATION

Will Graves 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

Will Graves Limited (Registered number: 06279518)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 3,000
AMORTISATION
At 1 July 2023
and 30 June 2024 3,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 July 2023 12,949 23,964 36,913
Additions 3,314 1,439 4,753
At 30 June 2024 16,263 25,403 41,666
DEPRECIATION
At 1 July 2023 5,752 16,264 22,016
Charge for year 1,576 3,015 4,591
At 30 June 2024 7,328 19,279 26,607
NET BOOK VALUE
At 30 June 2024 8,935 6,124 15,059
At 30 June 2023 7,197 7,700 14,897

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 8,720 10,436
Other creditors 1,139 1,588
9,859 12,024

Will Graves Limited (Registered number: 06279518)

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

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 3,733 2,830

Deferred
tax
£   
Balance at 1 July 2023 2,830
Charge to Income Statement during year 903
Balance at 30 June 2024 3,733

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 July 2023 15,759
Profit for the year 36,433
Dividends (42,000 )
At 30 June 2024 10,192