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Financial Statements

for the Year Ended 30 November 2023

for

Grant White Design Limited

Grant White Design Limited (Registered number: 03777061)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grant White Design Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr R G White
Miss A Brelivet





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 03777061 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Grant White Design Limited (Registered number: 03777061)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 599 1,463

CURRENT ASSETS
Stocks 46,299 72,692
Debtors 5 19,346 14,765
Cash at bank 76,052 32,258
141,697 119,715
CREDITORS
Amounts falling due within one year 6 131,283 112,310
NET CURRENT ASSETS 10,414 7,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,013

8,868

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 10,913 8,768
SHAREHOLDERS' FUNDS 11,013 8,868

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 directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





Mr R G White - Director


Grant White Design Limited (Registered number: 03777061)

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


1. STATUTORY INFORMATION

Grant White Design 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 represents goods sold, along with design & consultancy services, excluding value added tax. Turnover is recognised at the point at which the company obtains the right to consideration.

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 - 33% on reducing balance and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Going concern
The company has endured tough financial years following the outbreak of the Covid-19 pandemic in March 2020.

Despite the tough trading conditions experienced in the year the financial statements have been drawn up on a going concern basis.This year the company has reported a break even position and its reserves levels is similar to the previous year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 3 ).

Grant White Design Limited (Registered number: 03777061)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 11,399
Disposals (4,651 )
At 30 November 2023 6,748
DEPRECIATION
At 1 December 2022 9,936
Charge for year 294
Eliminated on disposal (4,081 )
At 30 November 2023 6,149
NET BOOK VALUE
At 30 November 2023 599
At 30 November 2022 1,463

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,806 3,697
Other debtors 16,540 11,068
19,346 14,765

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,573 9,181
Amounts owed to associates 55,276 19,729
Taxation and social security 5,067 6,825
Other creditors 69,367 76,575
131,283 112,310

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £ 1 100 100

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R G White.