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REGISTERED NUMBER: 13903568 (England and Wales)















Unaudited Financial Statements

for the Period 9 February 2022 to 31 March 2023

for

Grazed Brownies Limited

Grazed Brownies Limited (Registered number: 13903568)






Contents of the Financial Statements
for the Period 9 February 2022 to 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Grazed Brownies Limited

Company Information
for the Period 9 February 2022 to 31 March 2023







Director: M P Thompson





Registered office: Sequoia View
Wynnstay Hall Estate
Ruabon
Wrexham
LL14 6LA





Registered number: 13903568 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Grazed Brownies Limited (Registered number: 13903568)

Statement of Financial Position
31 March 2023

Notes £    £   
Fixed assets
Tangible assets 4 22,884

Current assets
Stocks 13,670
Debtors 5 100,459
Cash at bank 27,468
141,597
Creditors
Amounts falling due within one year 6 42,466
Net current assets 99,131
Total assets less current liabilities 122,015

Creditors
Amounts falling due after more than
one year

7

(51,054

)

Provisions for liabilities (5,168 )
Net assets 65,793

Capital and reserves
Called up share capital 9 100
Retained earnings 65,693
Shareholders' funds 65,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

Grazed Brownies Limited (Registered number: 13903568)

Statement of Financial Position - continued
31 March 2023


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 6 November 2023 and were signed by:





M P Thompson - Director


Grazed Brownies Limited (Registered number: 13903568)

Notes to the Financial Statements
for the Period 9 February 2022 to 31 March 2023

1. Statutory information

Grazed Brownies Limited 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 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.

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 statement of financial position date.


Grazed Brownies Limited (Registered number: 13903568)

Notes to the Financial Statements - continued
for the Period 9 February 2022 to 31 March 2023

2. Accounting policies - continued
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.

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 period 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
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged against income on a straight line basis
over the lease term.

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 period was 7 .

4. Tangible fixed assets
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
Cost
Additions 27,394 1,292 28,686
At 31 March 2023 27,394 1,292 28,686
Depreciation
Charge for period 5,479 323 5,802
At 31 March 2023 5,479 323 5,802
Net book value
At 31 March 2023 21,915 969 22,884

Grazed Brownies Limited (Registered number: 13903568)

Notes to the Financial Statements - continued
for the Period 9 February 2022 to 31 March 2023

5. Debtors: amounts falling due within one year
£   
Trade debtors 49,125
Other debtors 51,334
100,459

6. Creditors: amounts falling due within one year
£   
Bank loans and overdrafts 5,302
Hire purchase contracts 5,276
Trade creditors 4,037
Taxation and social security 12,583
Other creditors 15,268
42,466

7. Creditors: amounts falling due after more than one year
£   
Bank loans 42,896
Hire purchase contracts 8,158
51,054

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 17,997

The director has guaranteed the companies borrowings At 31 March 2023 the balance on these borrowings stood at £48,198.

8. Secured debts

The following secured debts are included within creditors:

£   
Hire purchase contracts 13,434
Factoring advances 15,072
28,506

Hire purchase contracts are secured on the underlying assets.

Factoring advances are secured on trade debtors.

Grazed Brownies Limited (Registered number: 13903568)

Notes to the Financial Statements - continued
for the Period 9 February 2022 to 31 March 2023

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares were issued at par for cash upon incorporation.

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 31 March 2023:

£   
M P Thompson
Balance outstanding at start of period -
Amounts advanced 113,649
Amounts repaid (69,131 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 44,518

Loans to the director are unsecured and repayable on demand. The maximum balance outstanding during the year was £59,556. Amounts advanced include £38,155 on 1 April 2022 and £6,665 on 5 November 2022. Amounts repaid include £29,646 on 1 April 2022, £16,000 on 13 June 2022 and £10,000 on 31 March 2023.

11. Operating leases

At 31 March 2023 the company had commitments under non-cancellable operating leases over the remaining life of these leases of £39,937. The amount payable within one year in respect of these leases was £17,750.