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REGISTERED NUMBER: 00299639 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GRAHAME GARDNER LIMITED

GRAHAME GARDNER LIMITED (REGISTERED NUMBER: 00299639)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRAHAME GARDNER LIMITED

COMPANY INFORMATION
for the year ended 30 November 2024







DIRECTORS: J R S Greenlees
S L Lowe
S A Ward
G R Puffer





SECRETARY: J R S Greenlees





REGISTERED OFFICE: Woodside House
218 London Road
Leicester
LE2 1NE





REGISTERED NUMBER: 00299639 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

GRAHAME GARDNER LIMITED (REGISTERED NUMBER: 00299639)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 27,235 -
Tangible assets 5 18,591 13,828
45,826 13,828

CURRENT ASSETS
Stocks 850,953 916,820
Debtors 6 794,466 922,877
Cash at bank and in hand 285,598 281,024
1,931,017 2,120,721
CREDITORS
Amounts falling due within one year 7 (813,083 ) (792,697 )
NET CURRENT ASSETS 1,117,934 1,328,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,163,760

1,341,852

CREDITORS
Amounts falling due after more than one
year

8

(5,900

)

(5,900

)

PROVISIONS FOR LIABILITIES (6,300 ) -
NET ASSETS 1,151,560 1,335,952

CAPITAL AND RESERVES
Called up share capital 13,869 13,869
Retained earnings 1,137,691 1,322,083
1,151,560 1,335,952

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

GRAHAME GARDNER LIMITED (REGISTERED NUMBER: 00299639)

BALANCE SHEET - continued
30 November 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:





J R S Greenlees - Director


GRAHAME GARDNER LIMITED (REGISTERED NUMBER: 00299639)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024


1. STATUTORY INFORMATION

Grahame Gardner Limited is a limited company, registered in England and Wales. Its registered office address is Woodside House, 218 London Road, Leicester, LE2 1NE and the registered number is 00299639.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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

Rendering of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods have passed to the buyer usually on dispatch of the goods.

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.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Tangible fixed assets 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, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant & machinery - 10%straight line
Computer equipment- 25%straight line

The asset's 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 profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

GRAHAME GARDNER LIMITED (REGISTERED NUMBER: 00299639)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 23 ) .

GRAHAME GARDNER LIMITED (REGISTERED NUMBER: 00299639)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 33,520
At 30 November 2024 33,520
AMORTISATION
Charge for year 6,285
At 30 November 2024 6,285
NET BOOK VALUE
At 30 November 2024 27,235

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2023 22,450 131,376 153,826
Additions 5,110 9,297 14,407
At 30 November 2024 27,560 140,673 168,233
DEPRECIATION
At 1 December 2023 21,709 118,289 139,998
Charge for year 600 9,044 9,644
At 30 November 2024 22,309 127,333 149,642
NET BOOK VALUE
At 30 November 2024 5,251 13,340 18,591
At 30 November 2023 741 13,087 13,828

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 484,712 784,848
Amounts owed by group undertakings 204,314 72,108
Other debtors 3,220 4,521
Tax 14,301 -
Deferred tax asset - 2,000
Prepayments and accrued income 87,919 59,400
794,466 922,877

GRAHAME GARDNER LIMITED (REGISTERED NUMBER: 00299639)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 356,668 423,144
Amounts owed to group undertakings 265,940 21,836
Other taxes & social security 151,059 231,645
Other creditors 10,008 9,052
Accruals and deferred income 29,408 107,020
813,083 792,697

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Preference shares 5,900 5,900

The above represents preference share capital treated as debt.

The rights attaching to the preference shares are as follows:

i) A fixed cumulative preferential dividend each year at the rate of 4.2% per annum on capital paid up;

ii) On a return of capital or liquidation the surplus assets of the company after payment of its liabilities shall be applied first in repayment to the holders of the preference shares the amounts paid up together with any dividend arrears; and

iii) To attend General Meetings of the company and have one vote for every ten preference shares held.

9. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £81,822 (2023 - £136,500).

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.