GRANBY WORKSHOP C.I.C.

Company Registration Number:
09821005 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

GRANBY WORKSHOP C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GRANBY WORKSHOP C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 200,258 132,390
Gross profit(or loss): 200,258 132,390
Administrative expenses: ( 181,423 ) ( 261,431 )
Operating profit(or loss): 18,835 (129,041)
Interest payable and similar charges: ( 397 ) ( 502 )
Profit(or loss) before tax: 18,438 (129,543)
Profit(or loss) for the financial year: 18,438 (129,543)

GRANBY WORKSHOP C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Called up share capital not paid: 5 5
Fixed assets
Tangible assets: 3 42,031 46,369
Total fixed assets: 42,031 46,369
Current assets
Debtors: 4 43,818 24,427
Cash at bank and in hand: 53,618 9,519
Total current assets: 97,436 33,946
Creditors: amounts falling due within one year: 5 ( 121,800 ) ( 81,086 )
Net current assets (liabilities): (24,364) (47,140)
Total assets less current liabilities: 17,672 ( 766)
Total net assets (liabilities): 17,672 (766)
Capital and reserves
Called up share capital: 5 5
Profit and loss account: 17,667 (771 )
Total Shareholders' funds: 17,672 (766)

The notes form part of these financial statements

GRANBY WORKSHOP C.I.C.

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 July 2024
and signed on behalf of the board by:

Name: Takiyah Daly
Status: Director

The notes form part of these financial statements

GRANBY WORKSHOP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company'sprincipal activity for the production and supply of goods or for administrative purposes and is stated inthe balance sheet under the historic cost model. This model requires the assets to be stated at cost lessamounts in respect of depreciation and less any accumulated impairment losses. Depreciation iscalculated so as to write off the cost of an asset, less its estimated residual value (which is the expectedamount that would currently be obtained from disposal of an asset, after deducting the estimated costsof disposal, if the asset were already of the age and in the condition expected at the end of its usefullife), over the useful economic life of the respective asset as follows:Reducingbalance(%)Plant and machinery 10Fixtures and fittings 10

GRANBY WORKSHOP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 8

GRANBY WORKSHOP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 62,662 2,969 65,631
Additions 2,225 2,225
Disposals
Revaluations
Transfers
At 31 October 2023 64,887 2,969 67,856
Depreciation
At 1 November 2022 18,861 401 19,262
Charge for year 6,266 297 6,563
On disposals
Other adjustments
At 31 October 2023 25,127 698 25,825
Net book value
At 31 October 2023 39,760 2,271 42,031
At 31 October 2022 43,801 2,568 46,369

GRANBY WORKSHOP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 43,818 24,427
Total 43,818 24,427

GRANBY WORKSHOP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 54,740 49,991
Accruals and deferred income 67,060 31,095
Total 121,800 81,086

COMMUNITY INTEREST ANNUAL REPORT

GRANBY WORKSHOP C.I.C.

Company Number: 09821005 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Granby Workshop is a ceramic manufacturing company based in Liverpool 8. For the 22/23financial year, we have been in a period of recovery and rebuilding after a significant financialloss suffered in 21/22 which resulted in the Workshop making all but one member of staffredundant.The priority for this financial year had been to return to month to month profitability; to bring intwo likely tile projects and the annual soapdish project to offer 12 months predictablefreelance work to previous production team members; to develop a new ram pressed tileranges to expand what we are able to offer; to offer freelance roles for operational admin aspart of rebuilding operational capacity at the Workshop.We ended the year with our second highest turnover to date; The Granby Rock product rangereached its highest annual sales to date and we secured another soapdish project for the23/24 FY. This has enabled us to continue to rebuild into 23/24.Our main company activity this financial year that has benefited the community is continuingto offer affordable studio space to local creatives and local businesses

Consultation with stakeholders

Our stakeholders are Assemble, Granby Four Streets CLT, our staff as anemployee-owned business and our tenants at Aspen Yard. For 22/23, the main consultationshave taken place with our external directors at board meetings and informal discussions tosteer the Workshop out of financial difficulty.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 July 2024

And signed on behalf of the board by:
Name: Takiyah Daly
Status: Director