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REGISTERED NUMBER: 08301893 (England and Wales)


















Financial Statements for the Year Ended 30 November 2023

for

GRACE & THORN LIMITED

GRACE & THORN LIMITED (REGISTERED NUMBER: 08301893)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GRACE & THORN LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: N Southern





REGISTERED OFFICE: C/O BDA Associates Ltd
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD





REGISTERED NUMBER: 08301893 (England and Wales)





ACCOUNTANTS: BDA Associates Limited
Chartered Accountants
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD

GRACE & THORN LIMITED (REGISTERED NUMBER: 08301893)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,536 23,593

CURRENT ASSETS
Stocks 34,987 34,724
Debtors 5 492,366 503,460
Cash at bank 30,761 10,745
558,114 548,929
CREDITORS
Amounts falling due within one year 6 213,302 217,529
NET CURRENT ASSETS 344,812 331,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,348

354,993

CREDITORS
Amounts falling due after more than one
year

7

115,182

109,435
NET ASSETS 242,166 245,558

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 242,165 245,557
SHAREHOLDERS' FUNDS 242,166 245,558

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 director acknowledges her 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.

GRACE & THORN LIMITED (REGISTERED NUMBER: 08301893)

Statement of Financial Position - 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 director and authorised for issue on 22 August 2024 and were signed by:





N Southern - Director


GRACE & THORN LIMITED (REGISTERED NUMBER: 08301893)

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

1. STATUTORY INFORMATION

Grace & Thorn 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost

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

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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 51,974
DEPRECIATION
At 1 December 2022 28,381
Charge for year 11,057
At 30 November 2023 39,438
NET BOOK VALUE
At 30 November 2023 12,536
At 30 November 2022 23,593

GRACE & THORN LIMITED (REGISTERED NUMBER: 08301893)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 188 18,363
Amounts owed by related company 467,889 408,784
Other debtors 24,289 76,313
492,366 503,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 57,927 79,461
Amounts owed to related company - 1,955
Taxation and social security 115,455 110,176
Other creditors 39,920 25,937
213,302 217,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 115,182 109,435

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1