2021-12-01 2022-11-30 false No description of principal activity Capium Accounts Production 1.1 12323063 bus:FullAccounts 2021-12-01 2022-11-30 12323063 bus:FRS102 2021-12-01 2022-11-30 12323063 bus:AuditExemptWithAccountantsReport 2021-12-01 2022-11-30 12323063 bus:SmallCompaniesRegimeForAccounts 2021-12-01 2022-11-30 12323063 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 12323063 2021-12-01 2022-11-30 12323063 2022-11-30 12323063 bus:RegisteredOffice 2021-12-01 2022-11-30 12323063 core:WithinOneYear 2022-11-30 12323063 core:AfterOneYear 2022-11-30 12323063 bus:Director1 2021-12-01 2022-11-30 12323063 bus:Director1 2022-11-30 12323063 bus:Director1 2020-12-01 2021-11-30 12323063 2020-12-01 12323063 bus:CompanySecretary1 2021-12-01 2022-11-30 12323063 bus:LeadAgentIfApplicable 2021-12-01 2022-11-30 12323063 2020-12-01 2021-11-30 12323063 2021-11-30 12323063 core:WithinOneYear 2021-11-30 12323063 core:AfterOneYear 2021-11-30 12323063 bus:EntityAccountantsOrAuditors 2020-12-01 2021-11-30 12323063 core:PlantMachinery 2021-12-01 2022-11-30 12323063 core:PlantMachinery 2022-11-30 12323063 core:PlantMachinery 2021-11-30 12323063 core:MotorCars 2021-12-01 2022-11-30 12323063 core:MotorCars 2022-11-30 12323063 core:MotorCars 2021-11-30 12323063 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 12323063 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2021-11-30 12323063 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 12323063 core:CostValuation core:Non-currentFinancialInstruments 2021-11-30 12323063 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2022-11-30 12323063 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2022-11-30 12323063 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2022-11-30 12323063 core:Non-currentFinancialInstruments 2022-11-30 12323063 core:Non-currentFinancialInstruments 2021-11-30 12323063 core:ShareCapital 2022-11-30 12323063 core:ShareCapital 2021-11-30 12323063 core:RetainedEarningsAccumulatedLosses 2022-11-30 12323063 core:RetainedEarningsAccumulatedLosses 2021-11-30 12323063 dpl:Item1 2021-12-01 12323063 dpl:Item1 2022-11-30 12323063 dpl:Item1 2020-12-01 12323063 dpl:Item1 2021-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12323063
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 November 2022

for

GRICE AND FOSTER LINEN SERVICES LTD

 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Tangible fixed assets 3 77,303    21,599 
77,303    21,599 
Current assets      
Stocks 4   47,369 
Debtors 5   5,038 
Cash at bank and in hand 738    708 
738    53,115 
Creditors: amount falling due within one year 6 (164,412)   (49,095)
Net current liabilities (163,674)   4,020 
 
Total assets less current liabilities (86,371)   25,619 
Creditors: amount falling due after more than one year 7 (4,916)   (31,588)
Provisions for liabilities 8 13,501   
Net liabilities (77,786)   (5,969)
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account (77,796)   (5,979)
Shareholder's funds (77,786)   (5,969)
 


For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 02 November 2023 and were signed by:


-------------------------------
Lisa Foster
Director
1
General Information
Grice and Foster Linen Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12323063, registration address Unit 1b George Edwards Road, Fakenham, NR21 8NL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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:
Plant and Machinery 20% Straight Line
Motor Vehicles 25% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 10 (2021 : 7).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 December 2021 10,486    18,500    28,986 
Additions 65,294    15,750    81,044 
Disposals    
At 30 November 2022 75,780    34,250    110,030 
Depreciation
At 01 December 2021 1,628    5,759    7,387 
Charge for year 21,871    3,469    25,340 
On disposals    
At 30 November 2022 23,499    9,228    32,727 
Net book values
Closing balance as at 30 November 2022 52,281    25,022    77,303 
Opening balance as at 01 December 2021 8,858    12,741    21,599 


4.

Stocks

2022
£
  2021
£
Stocks   47,369 
  47,369 

5.

Debtors: amounts falling due within one year

2022
£
  2021
£
Trade Debtors   4,183 
  4,183 

5.

Debtors: amounts falling due after one year

2022
£
  2021
£
Prepayments   855 
  855 

6.

Creditors: amount falling due within one year

2022
£
  2021
£
Trade Creditors 49,068   
Bank Loans & Overdrafts 33,061    7,500 
PAYE & Social Security 7,064   
Accrued Expenses 1,600    800 
Other Creditors   594 
Obligations under HP/Financial Leases 2,554    1,998 
Directors' Current Accounts 32,666    19,270 
VAT 38,399    18,933 
164,412    49,095 

7.

Creditors: amount falling due after more than one year

2022
£
  2021
£
Bank Loans & Overdrafts   26,250 
Other Creditors 2,202   
Obligations Under HP/Financial Leases 2,714    5,338 
4,916    31,588 

8.

Provisions for liabilities

2022
£
  2021
£
Charged to Profit & Loss (13,501)  
(13,501)  

2