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REGISTERED NUMBER: 05848600 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

GRAHAM & BARNES LTD

GRAHAM & BARNES LTD (REGISTERED NUMBER: 05848600)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

GRAHAM & BARNES LTD

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr R C Wild
Mrs A Graham





SECRETARY: Mrs A Graham





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Wirral
CH62 4UE





REGISTERED NUMBER: 05848600 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

GRAHAM & BARNES LTD (REGISTERED NUMBER: 05848600)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,893 2,528

CURRENT ASSETS
Debtors 5 4,458 4,458
Cash at bank 6,587 1,827
11,045 6,285
CREDITORS
Amounts falling due within one year 6 20,314 21,475
NET CURRENT LIABILITIES (9,269 ) (15,190 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,376

)

(12,662

)

CREDITORS
Amounts falling due after more than one
year

7

64,095

46,792
NET LIABILITIES (67,471 ) (59,454 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 (67,473 ) (59,456 )
SHAREHOLDERS' FUNDS (67,471 ) (59,454 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 28 May 2025 and were signed on its behalf by:





Mr R C Wild - Director


GRAHAM & BARNES LTD (REGISTERED NUMBER: 05848600)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Graham & Barnes Ltd 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.

The financial statements have been prepared on the basis that the enterprise will continue in operational existence for the foreseeable future. This means in particular that the profit and loss account and balance sheet assume no intention nor necessity to liquidate or curtail significantly the scale of operation. Further, the financial statements have been prepared on the basis that continued support will be given by the company's directors.

Turnover
Turnover represents net invoiced sales of services and receipt of related commissions, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 19,487
Additions 3,508
At 31 August 2024 22,995
DEPRECIATION
At 1 September 2023 16,959
Charge for year 143
At 31 August 2024 17,102
NET BOOK VALUE
At 31 August 2024 5,893
At 31 August 2023 2,528

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 4,458 4,458

GRAHAM & BARNES LTD (REGISTERED NUMBER: 05848600)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 3,428
Taxation and social security 14,034 15,692
Other creditors 6,280 2,355
20,314 21,475

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 64,095 46,792

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 September 2023 (59,456 )
Profit for the year 7,583
Dividends (15,600 )
At 31 August 2024 (67,473 )

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors at the year end is an amount of £64,095 (2023: £46,792) owed to R Wild & Ms A Graham who are the directors and shareholders.

11. ULTIMATE CONTROLLING PARTY

Mr R. Wild and Mrs A. Graham each own 50% of the issued share capital at the balance sheet date.

By direct influential control R.Wild is the ultimate controlling party.

12. CONTINGENT ASSET

The directors and shareholders are aware that they have paid dividends in excess of available reserves to the extent that the Companies Act 2006 was contravened. However the directors and shareholders were unable to reasonably foresee that this problem might arise at the time the interim dividends were paid. Subsequently, the directors have confirmed that it is their intention to restore a positive balance on reserves and to rectify the problem at the earliest available opportunity as required by the Companies Act 2006.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Graham & Barnes Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Graham & Barnes Ltd for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Graham & Barnes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graham & Barnes Ltd and state those matters that we have agreed to state to the Board of Directors of Graham & Barnes Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Graham & Barnes Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graham & Barnes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Graham & Barnes Ltd. You consider that Graham & Barnes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Graham & Barnes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


28 May 2025