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REGISTERED NUMBER: 05679670 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

M. S. AND S. GRAVER LTD

M. S. AND S. GRAVER LTD (REGISTERED NUMBER: 05679670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M. S. AND S. GRAVER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTORS: Mrs S E Graver
Mr S P Graver
Mr M G Graver





SECRETARY: Mrs S E Graver





REGISTERED OFFICE: Howe Pits
Norwich Road
Brooke
Norwich
Norfolk
NR15 1HJ





REGISTERED NUMBER: 05679670 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

M. S. AND S. GRAVER LTD (REGISTERED NUMBER: 05679670)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 809,402 233,755
809,402 233,755

CURRENT ASSETS
Stocks 131,840 125,562
Debtors 6 140,096 636,887
Cash at bank 456 21,470
272,392 783,919
CREDITORS
Amounts falling due within one year 7 601,118 293,795
NET CURRENT (LIABILITIES)/ASSETS (328,726 ) 490,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,676

723,879

CREDITORS
Amounts falling due after more than one
year

8

(43,400

)

(25,833

)

PROVISIONS FOR LIABILITIES (37,781 ) (58,271 )
NET ASSETS 399,495 639,775

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 399,396 639,676
SHAREHOLDERS' FUNDS 399,495 639,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

M. S. AND S. GRAVER LTD (REGISTERED NUMBER: 05679670)

BALANCE SHEET - continued
31ST JANUARY 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th June 2025 and were signed on its behalf by:





Mr M G Graver - Director


M. S. AND S. GRAVER LTD (REGISTERED NUMBER: 05679670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025

1. STATUTORY INFORMATION

M. S. And S. Graver 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Property improvements - 25% reducing balance
Plant and machinery - 25% reducing balance

No depreciation has been provided on Freehold Property as it is expected this will be sold within the next 12 months or so.

The assets' residual values , useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

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

M. S. AND S. GRAVER LTD (REGISTERED NUMBER: 05679670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

M. S. AND S. GRAVER LTD (REGISTERED NUMBER: 05679670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2024
and 31st January 2025 100,000
AMORTISATION
At 1st February 2024
and 31st January 2025 100,000
NET BOOK VALUE
At 31st January 2025 -
At 31st January 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st February 2024 - 888,767 888,767
Additions 658,310 17,910 676,220
Disposals - (56,191 ) (56,191 )
At 31st January 2025 658,310 850,486 1,508,796
DEPRECIATION
At 1st February 2024 - 655,012 655,012
Charge for year - 49,201 49,201
Eliminated on disposal - (4,819 ) (4,819 )
At 31st January 2025 - 699,394 699,394
NET BOOK VALUE
At 31st January 2025 658,310 151,092 809,402
At 31st January 2024 - 233,755 233,755

M. S. AND S. GRAVER LTD (REGISTERED NUMBER: 05679670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2024 148,500
Transfer to ownership (83,500 )
At 31st January 2025 65,000
DEPRECIATION
At 1st February 2024 80,630
Charge for year 7,428
Transfer to ownership (45,338 )
At 31st January 2025 42,720
NET BOOK VALUE
At 31st January 2025 22,280
At 31st January 2024 67,870

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 14,339
Other debtors 140,096 622,548
140,096 636,887

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 127,760 10,000
Hire purchase contracts 10,000 14,442
Trade creditors 10,348 6,113
Taxation and social security 178,210 259,075
Other creditors 274,800 4,165
601,118 293,795

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 40,900 13,333
Hire purchase contracts 2,500 12,500
43,400 25,833

M. S. AND S. GRAVER LTD (REGISTERED NUMBER: 05679670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 12,500 26,942
Other loans 269,185 -
281,685 26,942

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2025 and 31st January 2024:

2025 2024
£    £   
Mrs S E Graver
Balance outstanding at start of year 69,313 64,151
Amounts advanced 16,443 69,313
Amounts repaid (69,313 ) (64,151 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,443 69,313

Mr S P Graver
Balance outstanding at start of year 369,314 64,151
Amounts advanced 54,383 369,314
Amounts repaid (369,314 ) (64,151 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54,383 369,314

Mr M G Graver
Balance outstanding at start of year 169,314 64,151
Amounts advanced 54,382 169,314
Amounts repaid (169,314 ) (64,151 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54,382 169,314

Interest has been charged at 2.25% per annum on the average balance outstanding.
All loans have been repaid.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.