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Registration number: 06410538

The Grange Kennels Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

(Registration number: 06410538)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

10,000

12,500

Tangible assets

5

58,333

34,793

 

68,333

47,293

Current assets

 

Stocks

6

1,225

1,225

Cash at bank and in hand

 

88,134

89,585

 

89,359

90,810

Creditors: Amounts falling due within one year

7

(29,778)

(38,341)

Net current assets

 

59,581

52,469

Total assets less current liabilities

 

127,914

99,762

Creditors: Amounts falling due after more than one year

7

(32,532)

(38,472)

Provisions for liabilities

(11,083)

(6,611)

Net assets

 

84,299

54,679

Capital and reserves

 

Called up share capital

100

100

Retained earnings

84,199

54,579

Shareholders' funds

 

84,299

54,679

For the financial 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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

(Registration number: 06410538)
Balance Sheet as at 30 November 2023

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 July 2024
 

.........................................
Mr R Hallatt
Director

 

Notes to the Financial Statements for the Year Ended 30 November 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:
Grange Farm
Woore Road
Buerton
Crewe
Cheshire
CW3 0DG

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Tax

The tax expense for the period comprises tax.

The current 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.

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.

 

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

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

Plant and machinery

15% on reducing balance

Computer equipment

15% on reducing balance

Motor vehicles

25% on reducing balance

Improvements to property

15% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Amortised evenly over its UEL of 20 years

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 16 (2022 - 16).

 

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2022

50,000

50,000

At 30 November 2023

50,000

50,000

Amortisation

At 1 December 2022

37,500

37,500

Amortisation charge

2,500

2,500

At 30 November 2023

40,000

40,000

Carrying amount

At 30 November 2023

10,000

10,000

At 30 November 2022

12,500

12,500

 

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

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

15,797

11,660

9,918

52,319

89,694

Additions

11,212

393

-

23,283

34,888

At 30 November 2023

27,009

12,053

9,918

75,602

124,582

Depreciation

At 1 December 2022

10,496

8,146

4,671

31,588

54,901

Charge for the year

2,470

970

1,311

6,597

11,348

At 30 November 2023

12,966

9,116

5,982

38,185

66,249

Carrying amount

At 30 November 2023

14,043

2,937

3,936

37,417

58,333

At 30 November 2022

5,301

3,514

5,247

20,731

34,793

 

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

6

Stocks

2023
£

2022
£

Other inventories

1,225

1,225

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

5,917

5,892

Trade creditors

 

240

1,715

Taxation and social security

 

12,437

15,100

Other creditors

 

11,184

15,634

 

29,778

38,341

2023
£

2022
£

Current loans and borrowings

Bank borrowings

5,917

5,892

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

32,532

38,472