Registered Number:03749697 |
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2023
Grace Personnel Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Grace Personnel Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
1,251
2,502
2
1,251
2,502
Trade and other receivables |
637,614
558,393
3
236,168
Cash and cash equivalents |
179,426
737,819
873,782
Trade and other payables: amounts falling due within one |
year |
(122,561)
(37,875)
4
751,221
699,944
Net current assets
Total assets less current liabilities |
701,195
753,723
(238)
(475)
Provisions for liabilities |
700,957
Net assets
753,248
-
1
700,956
753,246
1
1
700,957
753,248
Shareholders' funds
For the year ended 31 July 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Ms Lauren Hopkins Director |
These financial statements were approved and authorised for issue by the Board on 11 October 2023 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 31 July 2023
Grace Personnel Limited
Notes to the Financial Statements
Statutory Information
Grace Personnel Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 03749697. |
Suite J York House
18 York Road
Maidenhead
Berkshire
SL6 1SF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Land and Builldings is comprised of leasehold improvements. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Computer Equipment
Furniture and Fittings
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. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 31 July 2023
Grace Personnel Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
18,880
12,210
1,120
5,550
(5,953)
(1,120)
(5,550)
(12,623)
-
-
6,257
6,257
Provision for depreciation and impairment |
16,378
9,708
1,120
5,550
Charge for year
1,251
1,251
-
-
(12,623)
(5,953)
(1,120)
(5,550)
5,006
5,006
-
-
-
-
1,251
1,251
-
-
2,502
2,502
3. Trade and other receivables |
2022
2023
56,864
138,144
501,529
499,470
637,614
558,393
4. Trade and other payables: amounts falling due within one year |
2022
2023
1,325
4,868
4,127
3,421
Taxation and social security |
23,406
102,512
9,017
11,760
37,875
122,561
5. Related party transactions |
At the balance sheet date Wyandanch Limited owed the company £465,606 (2022: £465,596).
6. Average number of persons employed |
During the year the average number of employees was 28 (2022 : 33)
3 of 4
For the year ended 31 July 2023
Grace Personnel Limited
Notes to the Financial Statements Continued
4 of 4