Steven Grainger Design Limited 07317634 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is service to the film and TV industry. Digita Accounts Production Advanced 6.30.9574.0 true 07317634 2022-08-01 2023-07-31 07317634 2023-07-31 07317634 core:CurrentFinancialInstruments 2023-07-31 07317634 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07317634 core:FurnitureFittingsToolsEquipment 2023-07-31 07317634 bus:SmallEntities 2022-08-01 2023-07-31 07317634 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07317634 bus:FullAccounts 2022-08-01 2023-07-31 07317634 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07317634 bus:RegisteredOffice 2022-08-01 2023-07-31 07317634 bus:Director1 2022-08-01 2023-07-31 07317634 bus:Director2 2022-08-01 2023-07-31 07317634 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07317634 bus:Agent1 2022-08-01 2023-07-31 07317634 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 07317634 core:OfficeEquipment 2022-08-01 2023-07-31 07317634 countries:EnglandWales 2022-08-01 2023-07-31 07317634 2022-07-31 07317634 core:FurnitureFittingsToolsEquipment 2022-07-31 07317634 2021-08-01 2022-07-31 07317634 2022-07-31 07317634 core:CurrentFinancialInstruments 2022-07-31 07317634 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 07317634

Steven Grainger Design Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Steven Grainger Design Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Steven Grainger Design Limited

Company Information

Directors

Mr SM Grainger

Mrs N Yehezkel

Registered office

10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

Accountants

Xeinadin Phillip Carroll
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Steven Grainger Design Limited
for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Steven Grainger Design Limited for the year ended 31 July 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Steven Grainger Design Limited, as a body, in accordance with the terms of our engagement letter dated 4 August 2010. Our work has been undertaken solely to prepare for your approval the accounts of Steven Grainger Design Limited and state those matters that we have agreed to state to the Board of Directors of Steven Grainger Design Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steven Grainger Design Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Steven Grainger Design Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Steven Grainger Design Limited. You consider that Steven Grainger Design Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Steven Grainger Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................


Xeinadin Phillip Carroll
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

20 February 2024

 

Steven Grainger Design Limited

(Registration number: 07317634)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

796

-

Current assets

 

Debtors

5

6,036

8,952

Cash at bank and in hand

 

64,065

69,926

 

70,101

78,878

Creditors: Amounts falling due within one year

6

(21,587)

(25,263)

Net current assets

 

48,514

53,615

Total assets less current liabilities

 

49,310

53,615

Provisions for liabilities

(151)

-

Net assets

 

49,159

53,615

Capital and reserves

 

Called up share capital

100

1

Retained earnings

49,059

53,614

Shareholders' funds

 

49,159

53,615

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Steven Grainger Design Limited

(Registration number: 07317634)
Balance Sheet as at 31 July 2023

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 

.........................................
Mr SM Grainger
Director

 

Steven Grainger Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

These financial statements were authorised for issue by the Board on 20 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Steven Grainger Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Steven Grainger Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

4,731

4,731

Additions

910

910

Disposals

(1,978)

(1,978)

At 31 July 2023

3,663

3,663

Depreciation

At 1 August 2022

4,731

4,731

Charge for the year

114

114

Eliminated on disposal

(1,978)

(1,978)

At 31 July 2023

2,867

2,867

Carrying amount

At 31 July 2023

796

796

 

Steven Grainger Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Debtors

2023
£

2022
£

Trade debtors

5,702

8,358

Prepayments

333

333

Other debtors

1

261

6,036

8,952

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

19,075

23,153

Accruals and deferred income

1,673

1,443

Other creditors

839

667

21,587

25,263