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REGISTERED NUMBER: 04948964 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Granny Smiths Limited

Granny Smiths Limited (Registered number: 04948964)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Granny Smiths Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: P R Diment
S F Diment





REGISTERED OFFICE: 3 St James Street
Taunton
Somerset
TA1 3JH





REGISTERED NUMBER: 04948964 (England and Wales)





ACCOUNTANT: Parkside Accountancy Services (Taunton) Ltd
44 Greenway Avenue
Taunton
Somerset
TA2 6HY

Granny Smiths Limited (Registered number: 04948964)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,246 13,865
10,246 13,865

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 2,164 1,810
Cash at bank and in hand 25,165 22,417
29,329 26,227
CREDITORS
Amounts falling due within one year 7 40,089 41,089
NET CURRENT LIABILITIES (10,760 ) (14,862 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(514

)

(997

)

PROVISIONS FOR LIABILITIES 1,947 2,634
NET LIABILITIES (2,461 ) (3,631 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2,463 ) (3,633 )
SHAREHOLDERS' FUNDS (2,461 ) (3,631 )

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.

Granny Smiths Limited (Registered number: 04948964)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





P R Diment - Director


Granny Smiths Limited (Registered number: 04948964)

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

1. STATUTORY INFORMATION

Granny Smiths 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 amounts receivable for the sale of fruit and vegetables, net of VAT. Income is recognised at the point of sale.

Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. It is reviewed for impairment at the end of the first full financial year following acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Granny Smiths Limited (Registered number: 04948964)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 114,200
AMORTISATION
At 1 December 2022
and 30 November 2023 114,200
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 74,660
DEPRECIATION
At 1 December 2022 60,795
Charge for year 3,619
At 30 November 2023 64,414
NET BOOK VALUE
At 30 November 2023 10,246
At 30 November 2022 13,865

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 2,164 1,810

Granny Smiths Limited (Registered number: 04948964)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 31,927 32,039
Taxation and social security 6,123 6,274
Other creditors 2,039 2,776
40,089 41,089