Company Registration No. 13049369 (England and Wales)
Great And Small Limited
Unaudited accounts
for the year ended 30 November 2023
Great And Small Limited
Unaudited accounts
Contents
Great And Small Limited
Company Information
for the year ended 30 November 2023
Directors
V A Williams
C A E Brash
L S Nowell
Company Number
13049369 (England and Wales)
Registered Office
Station House Vets
Teal House
Welburn
North Yorkshire
YO60 7EP
England
Great And Small Limited
Statement of financial position
as at 30 November 2023
Intangible assets
71,928
81,489
Tangible assets
124,879
117,492
Cash at bank and in hand
273,526
217,625
Creditors: amounts falling due within one year
(212,370)
(175,944)
Net current assets
197,201
142,337
Total assets less current liabilities
394,008
341,318
Creditors: amounts falling due after more than one year
(122,027)
(126,522)
Provisions for liabilities
Deferred tax
(31,220)
(25,962)
Net assets
240,761
188,834
Called up share capital
120
120
Profit and loss account
240,641
188,714
Shareholders' funds
240,761
188,834
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by
L S Nowell
Director
Company Registration No. 13049369
Great And Small Limited
Notes to the Accounts
for the year ended 30 November 2023
Great And Small Limited is a private company, limited by shares, registered in England and Wales, registration number 13049369. The registered office is Station House Vets, Teal House, Welburn, North Yorkshire, YO60 7EP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Great And Small Limited
Notes to the Accounts
for the year ended 30 November 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 30 November 2023
95,608
At 30 November 2023
23,680
At 30 November 2023
71,928
At 30 November 2022
81,489
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
121,403
18,446
10,221
150,070
Additions
20,869
12,861
891
34,621
At 30 November 2023
142,272
31,307
11,112
184,691
At 1 December 2022
27,055
3,763
1,760
32,578
Charge for the year
20,410
4,608
2,216
27,234
At 30 November 2023
47,465
8,371
3,976
59,812
At 30 November 2023
94,807
22,936
7,136
124,879
At 30 November 2022
94,348
14,683
8,461
117,492
Great And Small Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
52,787
49,758
Accrued income and prepayments
16,062
11,746
Other debtors
22,212
5,863
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,791
7,088
Trade creditors
55,371
39,482
Taxes and social security
57,094
45,461
Other creditors
3,581
1,757
Loans from directors
32,310
29,379
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
122,027
126,522
9
Operating lease commitments
2023
2022
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
33,620
33,507
Later than one year and not later than five years
45,781
86,924
Later than five years
-
137
10
Transactions with related parties
The directors have given a guarantee in respect of the bank borrowings
11
Average number of employees
During the year the average number of employees was 17 (2022: 16).