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Company Registration No. 13738016 (England and Wales)
GRACE GENERATION CHAPEL LIMITED Unaudited accounts for the year ended 30 November 2023
GRACE GENERATION CHAPEL LIMITED Unaudited accounts Contents
Page
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GRACE GENERATION CHAPEL LIMITED Company Information for the year ended 30 November 2023
Directors
George AGYEI Sylvia AGYEI
Company Number
13738016 (England and Wales)
Registered Office
38 ASHMORE AVENUE WOLVERHAMPTON WV11 2LT ENGLAND
Accountants
X-Star Management Services Ltd 53 SAXVILLE ROAD ORPINGTON KENT BR5 3AN
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GRACE GENERATION CHAPEL LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,395 
3,201 
Current assets
Debtors
- 
2,500 
Cash at bank and in hand
14,143 
2,211 
14,143 
4,711 
Creditors: amounts falling due within one year
(10,300)
(7,912)
Net current assets/(liabilities)
3,843 
(3,201)
Total assets less current liabilities
8,238 
- 
Creditors: amounts falling due after more than one year
(2,710)
- 
Net assets
5,528 
- 
Reserves
Profit and loss account
5,528 
- 
Members' funds
5,528 
- 
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 August 2024 and were signed on its behalf by
Sylvia AGYEI Director Company Registration No. 13738016
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GRACE GENERATION CHAPEL LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
GRACE GENERATION CHAPEL LIMITED is a private company, limited by guarantee, registered in England and Wales, registration number 13738016. The registered office is 38 ASHMORE AVENUE, WOLVERHAMPTON, WV11 2LT, 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.
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
Musical Instruments
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.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
3,201 
Additions
1,194 
At 30 November 2023
4,395 
Depreciation
At 30 November 2023
- 
Net book value
At 30 November 2023
4,395 
At 30 November 2022
3,201 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
2,500 
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GRACE GENERATION CHAPEL LIMITED Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
9,000 
7,612 
Accruals
1,300 
300 
10,300 
7,912 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Accruals
2,710 
- 
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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