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REGISTERED NUMBER: 09267497 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2018

for

Elizabeth Grace Design Ltd

Elizabeth Grace Design Ltd (Registered number: 09267497)

Contents of the Financial Statements
for the Year Ended 31 October 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elizabeth Grace Design Ltd

Company Information
for the Year Ended 31 October 2018







DIRECTOR: Miss J Nicholson





SECRETARY:





REGISTERED OFFICE: 42 Botts Way
Coalville
Leics
LE67 4BT





REGISTERED NUMBER: 09267497 (England and Wales)





ACCOUNTANTS: Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16A Belvoir Road
Coalville
Leics
LE67 3QE

Elizabeth Grace Design Ltd (Registered number: 09267497)

Balance Sheet
31 October 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 4,000
Tangible assets 5 627 737
2,627 4,737

CURRENT ASSETS
Cash at bank 561 197

CREDITORS
Amounts falling due within one
year

6

10,267

12,866
NET CURRENT LIABILITIES (9,706 ) (12,669 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,079

)

(7,932

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,179 ) (8,032 )
SHAREHOLDERS' FUNDS (7,079 ) (7,932 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Elizabeth Grace Design Ltd (Registered number: 09267497)

Balance Sheet - continued
31 October 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 1 November 2018 and were signed
by:





Miss J Nicholson - Director


Elizabeth Grace Design Ltd (Registered number: 09267497)

Notes to the Financial Statements
for the Year Ended 31 October 2018


1. STATUTORY INFORMATION

Elizabeth Grace Design Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill
Goodwill amortised over five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets
are measured at cost less any accumulated amortisation and any accumulated
impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery 15% reducing balance.

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.


Elizabeth Grace Design Ltd (Registered number: 09267497)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2017
and 31 October 2018 10,000
AMORTISATION
At 1 November 2017 6,000
Charge for year 2,000
At 31 October 2018 8,000
NET BOOK VALUE
At 31 October 2018 2,000
At 31 October 2017 4,000

Elizabeth Grace Design Ltd (Registered number: 09267497)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2017
and 31 October 2018 1,200
DEPRECIATION
At 1 November 2017 463
Charge for year 110
At 31 October 2018 573
NET BOOK VALUE
At 31 October 2018 627
At 31 October 2017 737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other creditors 10,267 12,866