Registered number
08525706
Gracie Barra Arnold Ltd
Report and Accounts
31 May 2022
Gracie Barra Arnold Ltd
Report to the director on the preparation of the unaudited statutory accounts of Gracie Barra Arnold Ltd for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gracie Barra Arnold Ltd for the year ended 31 May 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
16 August 2022
Gracie Barra Arnold Ltd
Registered number: 08525706
Balance Sheet
as at 31 May 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 - 331
Current assets
Debtors 4 6,098 28,685
Cash at bank and in hand 79,851 63,270
85,949 91,955
Creditors: amounts falling due within one year 5 (23,489) (26,806)
Net current assets 62,460 65,149
Total assets less current liabilities 62,460 65,480
Creditors: amounts falling due after more than one year 6 (33,408) (33,408)
Net assets 29,052 32,072
Capital and reserves
Called up share capital 40 40
Profit and loss account 29,012 32,032
Shareholders' funds 29,052 32,072
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S D Ling
Director
Approved by the board on 16 August 2022
Gracie Barra Arnold Ltd
Notes to the Accounts
for the year ended 31 May 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 3 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2021 18,683
At 31 May 2022 18,683
Depreciation
At 1 June 2021 18,352
Charge for the year 331
At 31 May 2022 18,683
Net book value
At 31 May 2022 -
At 31 May 2021 331
4 Debtors 2022 2021
£ £
Trade debtors 5,753 3,016
Other debtors 345 25,669
6,098 28,685
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 22,723 19,356
Corporation tax (25) 7,450
Other taxes and social security costs 601 -
Other creditors 190 -
23,489 26,806
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 33,408 33,408
7 Other information
Gracie Barra Arnold Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2
178 St. Albans Road
Arnold
Nottingham
NG 5 6GW
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