REGISTERED NUMBER: SC138119 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Graven Images Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R B Hunter

J M Kirkpatrick

Mrs K Lang

REGISTERED OFFICE:

175 Albion Street

Glasgow

G1 1RU

REGISTERED NUMBER:

SC138119 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

84,611

52,265

CURRENT ASSETS

Debtors

5

552,632

572,407

Investments

6

293,257

317,386

Cash at bank and in hand

341,832

170,886

1,187,721

1,060,679

CREDITORS

Amounts falling due within one year

7

(256,638

)

(211,350

)

NET CURRENT ASSETS

931,083

849,329

TOTAL ASSETS LESS CURRENT LIABILITIES

1,015,694

901,594

CREDITORS

Amounts falling due after more than one year

8

(24,085

)

-

NET ASSETS

991,609

901,594

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

101,457

125,586

Retained earnings

890,150

776,006

991,609

901,594

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 December 2025 and were signed on its behalf by:

R B Hunter - Director

J M Kirkpatrick - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Depreciation is provided on the following basis:

Plant, machinery & vehicles - 15-25% straight line

Tenant's improvements - 10% straight line

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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.

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 19 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

688,944

Additions

60,283

Disposals

(29,219

)

At 31 March 2025

720,008

DEPRECIATION

At 1 April 2024

636,679

Charge for year

27,937

Eliminated on disposal

(29,219

)

At 31 March 2025

635,397

NET BOOK VALUE

At 31 March 2025

84,611

At 31 March 2024

52,265

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

324,714

333,454

Other debtors

227,918

238,953

552,632

572,407

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Listed investments

293,257

317,386

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

6,721

-

Trade creditors

8,717

22,111

Taxation and social security

154,217

158,704

Other creditors

86,983

30,535

256,638

211,350

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

24,085

-