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REGISTERED NUMBER: 13008056 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Gracie B Limited

Gracie B Limited (Registered number: 13008056)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gracie B Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mrs G Burrows





REGISTERED OFFICE: Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ





REGISTERED NUMBER: 13008056 (England and Wales)





ACCOUNTANTS: Bostockwhite Limited
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

Gracie B Limited (Registered number: 13008056)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,125 15,000
Tangible assets 5 43,578 50,733
56,703 65,733

CURRENT ASSETS
Stocks 4,326 4,200
Debtors 6 14,717 2,496
Cash at bank 3,440 2,753
22,483 9,449
CREDITORS
Amounts falling due within one year 7 153,004 126,340
NET CURRENT LIABILITIES (130,521 ) (116,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(73,818

)

(51,158

)

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 50,000 50,000
Retained earnings (123,918 ) (101,258 )
SHAREHOLDERS' FUNDS (73,818 ) (51,158 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Gracie B Limited (Registered number: 13008056)

Balance Sheet - continued
30 November 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 3 April 2024 and were signed by:





Mrs G Burrows - Director


Gracie B Limited (Registered number: 13008056)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Gracie B 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are initially recognised at cost which is the purchase price plus any directly attributable costs. Subsequently, tangible fixed assets are measured at cost less accumulated depreciation and impairment losses.

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 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.

Gracie B Limited (Registered number: 13008056)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 NIL (2022 - 5 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 18,750
AMORTISATION
At 1 December 2022 3,750
Charge for year 1,875
At 30 November 2023 5,625
NET BOOK VALUE
At 30 November 2023 13,125
At 30 November 2022 15,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 14,959 55,897 70,856
DEPRECIATION
At 1 December 2022 - 20,123 20,123
Charge for year - 7,155 7,155
At 30 November 2023 - 27,278 27,278
NET BOOK VALUE
At 30 November 2023 14,959 28,619 43,578
At 30 November 2022 14,959 35,774 50,733

Gracie B Limited (Registered number: 13008056)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 14,717 2,496

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 6,326 1,786
Taxation and social security 2,175 (845 )
Other creditors 144,503 125,399
153,004 126,340

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 17,190 13,000
Between one and five years 21,129 18,417
38,319 31,417

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year an advance of £338 (2022: £145) was made to a director, and £162 (2022: £nil) was repaid. At the year end a balance of £2,391 (2022: £2,215) was due from the director.

This advance is unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

At the year end the company owed £112,464 (2022: £112,464) to another entity holding a participating interest.

This loan is unsecured, interest free and repayable on demand.