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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
Page
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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
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Great And Small Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
71,928 
81,489 
Tangible assets
124,879 
117,492 
196,807 
198,981 
Current assets
Inventories
44,984 
33,289 
Debtors
91,061 
67,367 
Cash at bank and in hand
273,526 
217,625 
409,571 
318,281 
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 
Capital and reserves
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
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Great And Small Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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
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.
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Great And Small Limited Notes to the Accounts for the year ended 30 November 2023
Leased assets
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.
Pension costs
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 
£ 
Cost
At 1 December 2022
95,608 
At 30 November 2023
95,608 
Amortisation
At 1 December 2022
14,119 
Charge for the year
9,561 
At 30 November 2023
23,680 
Net book value
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 
Depreciation
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 
Net book value
At 30 November 2023
94,807 
22,936 
7,136 
124,879 
At 30 November 2022
94,348 
14,683 
8,461 
117,492 
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Great And Small Limited Notes to the Accounts for the year ended 30 November 2023
6
Debtors
2023 
2022 
£ 
£ 
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 
91,061 
67,367 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,791 
7,088 
VAT
53,175 
47,724 
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 
Accruals
5,048 
5,053 
212,370 
175,944 
The bank loan is secured
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
122,027 
126,522 
The bank loan is secured
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 
79,401 
120,568 
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).
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