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Company registration number: 08049289
J & J Graham Limited
Unaudited filleted financial statements
For the year ended
31 March 2025
J & J Graham Limited
Contents
Statement of financial position
Notes to the financial statements
J & J Graham Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 3 39,762 30,926
________ ________
39,762 30,926
Current assets
Stocks 25,926 23,794
Debtors 4 52,001 54,374
Cash at bank and in hand 7,120 15,323
________ ________
85,047 93,491
Creditors: amounts falling due
within one year 5 ( 64,472) ( 72,946)
________ ________
Net current assets 20,575 20,545
________ ________
Total assets less current liabilities 60,337 51,471
Creditors: amounts falling due
after more than one year 6 ( 22,896) ( 27,846)
Provisions for liabilities ( 6,598) ( 4,280)
________ ________
Net assets 30,843 19,345
________ ________
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,743 19,245
________ ________
Shareholders funds 30,843 19,345
________ ________
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 April 2025 , and are signed on behalf of the board by:
Mr A D Reading
Director
Company registration number: 08049289
J & J Graham Limited
Statement of changes in equity
Year ended 31 March 2025
Called up share capital Revaluation reserve Profit and loss account Total
£ £ £ £
At 1 April 2023 100 - 23,235 23,335
Profit for the year 28,581 28,581
________ ________ ________ ________
Total comprehensive income for the year - - 28,581 28,581
Dividends paid ( 32,571) ( 32,571)
________ ________ ________ ________
Total investments by and distributions to owners - - ( 32,571) ( 32,571)
________ ________ ________ ________
At 31 March 2024 and 1 April 2024 100 - 19,245 19,345
Profit for the year 44,927 44,927
________ ________ ________ ________
Total comprehensive income for the year - - 44,927 44,927
Dividends paid ( 33,429) ( 33,429)
________ ________ ________ ________
Total investments by and distributions to owners - - ( 33,429) ( 33,429)
________ ________ ________ ________
At 31 March 2025 100 - 30,743 30,843
________ ________ ________ ________
J & J Graham Limited
Notes to the financial statements
Year ended 31 March 2025
1. Accounting policies
General information
The company is a private company limited by shares, registered in England and Wales, registration number 08049289 . The address of the registered office is A D Reading, 6-7 Market Square, Penrith, Cumbria, CA11 7BS.
Basis of preparation
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. It includes the relevant proportion of contract values where work is partially performed in the period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property - 4 % straight line
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
2. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2024: 13 ).
3. Tangible assets
Long leasehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 April 2024 15,109 77,719 92,828
Additions - 13,931 13,931
________ ________ ________
At 31 March 2025 15,109 91,650 106,759
________ ________ ________
Depreciation
At 1 April 2024 1,305 60,597 61,902
Charge for the year 435 4,660 5,095
________ ________ ________
At 31 March 2025 1,740 65,257 66,997
________ ________ ________
Carrying amount
At 31 March 2025 13,369 26,393 39,762
________ ________ ________
At 31 March 2024 13,804 17,122 30,926
________ ________ ________
4. Debtors
2025 2024
£ £
Other debtors 52,001 54,374
________ ________
5. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 4,949 8,260
Trade creditors 29,837 41,719
Corporation tax 9,010 7,708
Taxation and social security 2,515 2,056
Other creditors 18,161 13,203
________ ________
64,472 72,946
________ ________
6. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 22,896 27,846
________ ________
7. Directors advances, credits and guarantees
During the year the company made advances to Mr A Reading & Mrs J Ashby, directors, totalling £30, 878 (2024 - £32,995). No repayments were made by 31 March 2025 and so the balance outstanding at the year end, 31 March 2025, was £30,878 (2024 - £32,995). Where applicable interest has been charged at the HMRC approved rate of 2.25%. All loans are repayable on demand.