REGISTERED NUMBER: SC357303 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Graham's Retail Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTORS:

S Graham

Mrs E A Graham

SECRETARY:

Mrs E A Graham

REGISTERED OFFICE:

55-57 West High Street

INVERURIE

AB51 3QQ

REGISTERED NUMBER:

SC357303 (Scotland)

ACCOUNTANTS:

Atholl Scott

55-57 West High Street

INVERURIE

AB51 3QQ

FIXED ASSETS

Tangible assets

4

105,487

112,997

CURRENT ASSETS

Stocks

50,514

58,028

Debtors

5

24,319

24,419

Cash at bank and in hand

424,840

416,061

499,673

498,508

CREDITORS

Amounts falling due within one year

6

(358,790

)

(345,769

)

NET CURRENT ASSETS

140,883

152,739

TOTAL ASSETS LESS CURRENT LIABILITIES

246,370

265,736

CREDITORS

Amounts falling due after more than one year

7

(34,810

)

(51,237

)

PROVISIONS FOR LIABILITIES

9

(24,093

)

(21,469

)

NET ASSETS

187,467

193,030

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

187,367

192,930

SHAREHOLDERS' FUNDS

187,467

193,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

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

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 21 October 2025 and were signed on its behalf by:

S Graham - Director

Mrs E A Graham - Director

1.	STATUTORY INFORMATION

Graham's Retail Limited is a private company, limited by shares , registered in Scotland. 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 represents amounts receivable for goods sold and services rendered during the year, exclusive of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

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.

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.

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 20 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

62,874

38,808

88,404

2,199

192,285

Additions

-

-

33,999

-

33,999

Disposals

-

-

(32,999

)

-

(32,999

)

At 30 April 2025

62,874

38,808

89,404

2,199

193,285

DEPRECIATION

At 1 May 2024

21,750

22,802

32,929

1,807

79,288

Charge for year

6,168

2,401

18,889

130

27,588

Eliminated on disposal

-

-

(19,078

)

-

(19,078

)

At 30 April 2025

27,918

25,203

32,740

1,937

87,798

NET BOOK VALUE

At 30 April 2025

34,956

13,605

56,664

262

105,487

At 30 April 2024

41,124

16,006

55,475

392

112,997

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

Motor

vehicles

£

COST

At 1 May 2024

88,404

Disposals

(32,999

)

At 30 April 2025

55,405

DEPRECIATION

At 1 May 2024

32,929

Charge for year

10,389

Eliminated on disposal

(19,078

)

At 30 April 2025

24,240

NET BOOK VALUE

At 30 April 2025

31,165

At 30 April 2024

55,475

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

3,108

3,295

Prepayments

21,211

21,124

24,319

24,419

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts (see note 8)

4,238

7,375

Trade creditors

108,414

149,018

Tax

23,438

7,089

PAYE

(836

)

(2,332

)

VAT

4,239

8,434

Other creditors

114

2,306

Directors' loan accounts

89,121

85,736

Accrued expenses

130,062

88,143

358,790

345,769

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts (see note 8)

34,810

51,237

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.4.25

30.4.24

£

£

Net obligations repayable:

Within one year

4,238

7,375

Between one and five years

34,810

51,237

39,048

58,612

Non-cancellable

operating leases

30.4.25

30.4.24

£

£

Within one year

41,000

41,000

9.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

24,093

21,469

Deferred

tax

£

Balance at 1 May 2024

21,469

Provided during year

2,624

Balance at 30 April 2025

24,093

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £73,000 (2024 - £74,000) were paid to the directors .

During the year S Graham & E Graham (Directors) increased the amount loaned to the company by £3,385 leaving a balance of £89,120 (2024 £85,735). This loan is unsecured, interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.

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's Retail Limited for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Graham's Retail Limited, 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's Retail Limited and state those matters that we have agreed to state to the Board of Directors of Graham's Retail Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graham's Retail Limited 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's Retail Limited. You consider that Graham's Retail Limited 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's Retail Limited. 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.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.

Atholl Scott

55-57 West High Street

INVERURIE

AB51 3QQ

21 October 2025