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Unaudited Financial Statements |
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for the Year Ended 5 April 2019 |
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for |
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A.E. GRAVES & SON LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 5 April 2019 |
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for |
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A.E. GRAVES & SON LIMITED |
A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757) |
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Contents of the Financial Statements |
for the year ended 5 April 2019 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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A.E. GRAVES & SON LIMITED |
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Company Information |
for the year ended 5 April 2019 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
23 Algitha Road |
Skegness |
United Kingdom |
PE25 2AG |
A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757) |
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Statement of Financial Position |
5 April 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 3 |
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Current assets |
Debtors | 4 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 5 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities | 6 |
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Net assets |
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Capital and reserves |
Called up share capital | 7 |
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Retained earnings | 8 |
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Shareholders' funds |
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A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757) |
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Statement of Financial Position - continued |
5 April 2019 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757) |
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Notes to the Financial Statements |
for the year ended 5 April 2019 |
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1. | Statutory information |
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A.e. Graves & Son Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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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. |
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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. |
A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757) |
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Notes to the Financial Statements - continued |
for the year ended 5 April 2019 |
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3. | Tangible fixed assets |
Plant and |
machinery |
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Cost |
At 6 April 2018 |
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Additions |
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Disposals | ( |
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At 5 April 2019 |
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Depreciation |
At 6 April 2018 |
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Charge for year |
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At 5 April 2019 |
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Net book value |
At 5 April 2019 |
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At 5 April 2018 |
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4. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade creditors |
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Corporation tax |
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VAT |
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6. | Provisions for liabilities |
2019 | 2018 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
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A.E. GRAVES & SON LIMITED (REGISTERED NUMBER: 08409757) |
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Notes to the Financial Statements - continued |
for the year ended 5 April 2019 |
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6. | Provisions for liabilities - continued |
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Deferred tax |
£ |
Balance at 6 April 2018 |
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Charge to Income Statement during year |
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Balance at 5 April 2019 |
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7. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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ordinary | £1 | 100 | 100 |
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8. | Reserves |
Retained |
earnings |
£ |
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At 6 April 2018 |
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Profit for the year |
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At 5 April 2019 |
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9. | Related party disclosures |
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A E Graves and Son |
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During the year the Company had the following transactions with A E Graves and Son a partnership in which |
both Mr M R Graves and Mr A R Graves are partners. |
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Equipment rental during the year amounted to £130,000 (2018 £105,340). £45,240 was outstanding at the |
year end. (2018 £NIL) |
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The Company charged A E Graves and Son £183,336 for contract work done during the year (2018 £154,563). |
An amount of £46,388 was still outstanding at the year end. (2018 £94.230). |
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At the start of the year, the company was owed £220,000 from the partnership, relating to a loan which was |
set up in 2016. During the year, £30,000 was received along with interest of £3,150. At the year end, |
£190,000 was still outstanding. |