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REGISTERED NUMBER: SC334106 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

GRANITE PR LIMITED

GRANITE PR LIMITED (REGISTERED NUMBER: SC334106)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRANITE PR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTOR: B M C Jackson





REGISTERED OFFICE: First Floor, 5 Abercrombie Court
Prospect Road
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC334106 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

GRANITE PR LIMITED (REGISTERED NUMBER: SC334106)

BALANCE SHEET
30 NOVEMBER 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,756 1,019

CURRENT ASSETS
Debtors 5 199,643 196,459
Cash at bank 35 273
199,678 196,732
CREDITORS
Amounts falling due within one year 6 151,501 117,831
NET CURRENT ASSETS 48,177 78,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,933

79,920

CREDITORS
Amounts falling due after more than one
year

7

(50,039

)

(79,534

)

PROVISIONS FOR LIABILITIES 9 (320 ) (177 )
NET (LIABILITIES)/ASSETS (426 ) 209

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (526 ) 109
SHAREHOLDERS' FUNDS (426 ) 209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GRANITE PR LIMITED (REGISTERED NUMBER: SC334106)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 director and authorised for issue on 26 August 2022 and were signed by:





B M C Jackson - Director


GRANITE PR LIMITED (REGISTERED NUMBER: SC334106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Granite PR Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Going concern
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.

Although the company is technically insolvent, it is being supported by means of company loans

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website Costs - 33% on cost
Computer equipment - 15% on cost

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

GRANITE PR LIMITED (REGISTERED NUMBER: SC334106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. TANGIBLE FIXED ASSETS
Website Computer
Costs equipment Totals
£    £    £   
COST
At 1 December 2020 6,588 3,664 10,252
Additions - 1,355 1,355
Disposals - (2,714 ) (2,714 )
At 30 November 2021 6,588 2,305 8,893
DEPRECIATION
At 1 December 2020 6,588 2,645 9,233
Charge for year - 445 445
Eliminated on disposal - (2,541 ) (2,541 )
At 30 November 2021 6,588 549 7,137
NET BOOK VALUE
At 30 November 2021 - 1,756 1,756
At 30 November 2020 - 1,019 1,019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors 7,922 16,743
Directors' current accounts 145,218 135,784
Tax 45,958 42,698
Prepayments and accrued income 545 1,234
199,643 196,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts 31,111 6,129
Other loans 32,370 19,459
Trade creditors 5,279 7,639
Tax 39,029 42,999
VAT 27,187 35,797
Other creditors 15,875 5,122
Accrued expenses 650 686
151,501 117,831

GRANITE PR LIMITED (REGISTERED NUMBER: SC334106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Bank loans - 1-2 years - 20,000
Bank loans - 2-5 years 40,622 30,000
Other loans - 1-2 years 9,417 29,534
50,039 79,534

8. SECURED DEBTS

A Floating Charge was created on the 13th September 2019 in favour of LTSBCF.

9. PROVISIONS FOR LIABILITIES
30.11.21 30.11.20
£    £   
Deferred tax 320 177

Deferred
tax
£   
Balance at 1 December 2020 177
Deferred Tax Charge 143
Balance at 30 November 2021 320

10. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party of Granite PR Ltd is Mr B Jackson.