K & G Garvey Ltd - Accounts

K & G Garvey Ltd - Accounts

K & G GARVEY LTD - Company Information

Print Friendly Version

2022-04-01 2023-03-31 false Capium Accounts Production 1.1 09501224 bus:FullAccounts 2022-04-01 2023-03-31 09501224 bus:FRS102 2022-04-01 2023-03-31 09501224 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09501224 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09501224 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09501224 2022-04-01 2023-03-31 09501224 2023-03-31 09501224 bus:RegisteredOffice 2022-04-01 2023-03-31 09501224 core:WithinOneYear 2023-03-31 09501224 core:AfterOneYear 2023-03-31 09501224 bus:Director1 2022-04-01 2023-03-31 09501224 bus:Director1 2023-03-31 09501224 bus:Director1 2021-04-01 2022-03-31 09501224 bus:Director2 2022-04-01 2023-03-31 09501224 bus:Director2 2023-03-31 09501224 bus:Director2 2021-04-01 2022-03-31 09501224 2021-04-01 09501224 bus:CompanySecretary1 2022-04-01 2023-03-31 09501224 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 09501224 2021-04-01 2022-03-31 09501224 2022-03-31 09501224 core:WithinOneYear 2022-03-31 09501224 core:AfterOneYear 2022-03-31 09501224 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 09501224 core:LandBuildings 2022-04-01 2023-03-31 09501224 core:LandBuildings 2023-03-31 09501224 core:LandBuildings 2022-03-31 09501224 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 09501224 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 09501224 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 09501224 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 09501224 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 09501224 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 09501224 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 09501224 core:Non-currentFinancialInstruments 2023-03-31 09501224 core:Non-currentFinancialInstruments 2022-03-31 09501224 core:ShareCapital 2023-03-31 09501224 core:ShareCapital 2022-03-31 09501224 core:RetainedEarningsAccumulatedLosses 2023-03-31 09501224 core:RetainedEarningsAccumulatedLosses 2022-03-31 09501224 core:ShareCapitalOrdinaryShares 2022-04-01 09501224 core:ShareCapitalOrdinaryShares 2021-04-01 09501224 core:ShareCapitalOrdinaryShares 2022-04-01 2023-03-31 09501224 core:ShareCapitalOrdinaryShares 2021-04-01 2022-03-31 09501224 core:ShareCapitalOrdinaryShares 2023-03-31 09501224 core:ShareCapitalOrdinaryShares 2022-03-31 09501224 core:RetainedEarningsAccumulatedLosses 2022-04-01 09501224 core:RetainedEarningsAccumulatedLosses 2021-04-01 09501224 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09501224 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 09501224 core:RetainedEarningsAccumulatedLosses 2023-03-31 09501224 core:RetainedEarningsAccumulatedLosses 2022-03-31 09501224 dpl:Item1 2022-04-01 09501224 dpl:Item1 2023-03-31 09501224 dpl:Item1 2021-04-01 09501224 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09501224


 

 

 

K & G GARVEY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

K & G Garvey Ltd
Contents Page
For the year ended 31 March 2023
Directors Graeme John Garvey
Kate Louise Williams
Registered Number 09501224
Registered Office 45 Poulton Road
Wirral
Merseyside
CH63 9LD
Accountants CAS
14 Pyecroft Close
Great Sankey
Warrington
WA5 3PN
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2023.
Principal activities
Principal activity of the company during the financial year was of property rental.
Directors
The directors who served the company throughout the year were as follows:
Graeme John Garvey
Kate Louise Williams
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Graeme John Garvey
Director

Date approved: 18 December 2023
2
Accountants report
You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
CAS
31 March 2023



....................................................
CAS
14 Pyecroft Close
Great Sankey
Warrington
WA5 3PN
18 December 2023
3
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 192,595    192,595 
192,595    192,595 
Current assets      
Cash at bank and in hand 1,514    2,735 
Creditors: amount falling due within one year 4 (6,056)   (4,918)
Net current liabilities (4,542)   (2,183)
 
Total assets less current liabilities 188,053    190,412 
Creditors: amount falling due after more than one year 5 (73,591)   (95,591)
Net assets 114,462    94,821 
 

Capital and reserves 		     
Called up share capital 2    2 
Profit and loss account 114,460    94,819 
Shareholder's funds 114,462    94,821 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 18 December 2023 and were signed on its behalf by:


-------------------------------
Graeme John Garvey
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2021 2  80,029  80,031 
Profit for the year 19,190  19,190 
Total comprehensive income for the year -  19,190  19,190 
Dividends (4,400) (4,400)
Total investments by and distributions to owners -  (4,400) (4,400)
At 31 March 2022 2  94,819  94,821 
At 01 April 2022 2  94,819  94,821 
Profit for the year 24,041  24,041 
Total comprehensive income for the year -  24,041  24,041 
Dividends (4,400) (4,400)
Total investments by and distributions to owners -  (4,400) (4,400)
At 31 March 2023 2  114,460  114,462 
5
General Information
K & G Garvey Ltd is a private company, limited by shares, registered in , registration number 09501224, registration address 45 Poulton Road, Wirral, Merseyside, CH63 9LD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 April 2022 192,595    192,595 
Additions -    - 
Disposals -    - 
At 31 March 2023 192,595    192,595 
Depreciation
At 01 April 2022 -    - 
Charge for year -    - 
On disposals -    - 
At 31 March 2023 -    - 
Net book values
Closing balance as at 31 March 2023 192,595    192,595 
Opening balance as at 01 April 2022 192,595    192,595 


4.

Creditors: amount falling due within one year

2023
£		   2022
£
Trade Creditors 416    416 
Corporation Tax 5,640    4,502 
6,056    4,918 

5.

Creditors: amount falling due after more than one year

2023
£		   2022
£
Directors' Loan Accounts 73,591    95,591 
73,591    95,591 

6