Company Registration No. 11828275 (England and Wales)
Graham Johns Percussion Ltd
Unaudited accounts
for the year ended 31 March 2023
Graham Johns Percussion Ltd
Unaudited accounts
Contents
Graham Johns Percussion Ltd
Company Information
for the year ended 31 March 2023
Company Number
11828275 (England and Wales)
Registered Office
166 Linacre Road
Liverpool
L21 8JU
Accountants
French & Co
166 Linacre Road
Litherland
Liverpool
Merseyside
L21 8JU
Graham Johns Percussion Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
241,238
131,554
Creditors: amounts falling due within one year
(186,456)
(114,146)
Net current assets
184,612
133,598
Net assets
184,612
133,598
Called up share capital
10
10
Profit and loss account
184,602
133,588
Shareholders' funds
184,612
133,598
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 December 2023 and were signed on its behalf by
Mr G Johns
Director
Company Registration No. 11828275
Graham Johns Percussion Ltd
Notes to the Accounts
for the year ended 31 March 2023
Graham Johns Percussion Ltd is a private company, limited by shares, registered in England and Wales, registration number 11828275. The registered office is 166 Linacre Road, Liverpool, L21 8JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Amounts falling due within one year
Trade debtors
66,091
32,626
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
76,392
3,126
Taxes and social security
12,436
13,695
Loans from directors
73,619
71,247
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).