The Graham Montrose Company Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01212364 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

THE GRAHAM MONTROSE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R O Graham

Dr J A Carron

Mr R H O Graham

Miss S R Graham

SECRETARY:

Dr J A Carron

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

REGISTERED NUMBER:

01212364 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

195,616

196,710

CURRENT ASSETS

Stocks

5

12,369

12,686

Debtors

6

7,847

7,964

Cash at bank and in hand

51,928

74,947

72,144

95,597

CREDITORS

Amounts falling due within one year

7

28,718

53,314

NET CURRENT ASSETS

43,426

42,283

TOTAL ASSETS LESS CURRENT LIABILITIES

239,042

238,993

PROVISIONS FOR LIABILITIES

8

754

944

NET ASSETS

238,288

238,049

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

237,288

237,049

SHAREHOLDERS' FUNDS

238,288

238,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 11 January 2024 and were signed on its behalf by:

Mr R H O Graham - Director

1.	STATUTORY INFORMATION

The Graham Montrose Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 public house takings, excluding 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.

Freehold property

-

not provided

Leasehold property

-

write off over period of lease

Furniture & equipment

-

20% on reducing balance

Computer equipment

-

33% on cost

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

The directors perform annual impairment reviews in accordance with the requirements of FRS102 (1A) to ensure that the recoverable amount is not lower than the carrying value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

Furniture

Computer

property

property

& equipment

equipment

Totals

£

£

£

£

£

COST

At 1 May 2022

and 30 April 2023

191,238

114,000

121,386

1,209

427,833

DEPRECIATION

At 1 May 2022

-

114,000

115,914

1,209

231,123

Charge for year

-

-

1,094

-

1,094

At 30 April 2023

-

114,000

117,008

1,209

232,217

NET BOOK VALUE

At 30 April 2023

191,238

-

4,378

-

195,616

At 30 April 2022

191,238

-

5,472

-

196,710

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

Furniture

& equipment

£

COST

At 1 May 2022

and 30 April 2023

2,119

DEPRECIATION

At 1 May 2022

and 30 April 2023

1,763

NET BOOK VALUE

At 30 April 2023

356

At 30 April 2022

356

5.

STOCKS

30.4.23

30.4.22

£

£

Stocks

12,369

12,686

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

1,085

915

Prepayments and accrued income

6,762

7,049

7,847

7,964

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade creditors

2,654

35,715

Tax

1,511

-

Social security and other taxes

1,505

2,469

VAT

9,705

8,181

Proposed dividends

7,500

-

Other creditors

2,261

3,618

Directors' current accounts

507

506

Accrued expenses

3,075

2,825

28,718

53,314

8.	PROVISIONS FOR LIABILITIES

30.4.23

30.4.22

£

£

Deferred tax

Accelerated capital allowances

754

944

Deferred

tax

£

Balance at 1 May 2022

944

Provided during year

(190

)

Movement in provision

Balance at 30 April 2023

754

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.4.23

30.4.22

value:

£

£

300

Ordinary A

£1

300

300

300

Ordinary B

£1

300

300

400

Ordinary C

£1

400

400

1,000

1,000