Company Registration No. 13364973 (England and Wales)
GRAIN AND HEARTH LTD
Unaudited accounts
for the year ended 31 March 2024
GRAIN AND HEARTH LTD
Unaudited accounts
Contents
GRAIN AND HEARTH LTD
Company Information
for the year ended 31 March 2024
Directors
Carmen Pagor
Adam Pagor
Company Number
13364973 (England and Wales)
Registered Office
REAR STORE, 50-52 OXFORD STREET
WHITSTABLE
CT5 1DG
ENGLAND
GRAIN AND HEARTH LTD
Statement of financial position
as at 31 March 2024
Intangible assets
84,879
94,310
Tangible assets
70,776
86,120
Cash at bank and in hand
7,233
1,477
Creditors: amounts falling due within one year
(42,371)
(86,907)
Net current liabilities
(23,630)
(79,209)
Total assets less current liabilities
132,025
101,221
Creditors: amounts falling due after more than one year
(49,195)
(62,745)
Called up share capital
2
100
Share premium
82,696
82,696
Profit and loss account
132
(44,320)
Shareholders' funds
82,830
38,476
For the year ending 31 March 2024 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 27 August 2024 and were signed on its behalf by
Carmen Pagor
Director
Company Registration No. 13364973
GRAIN AND HEARTH LTD
Notes to the Accounts
for the year ended 31 March 2024
GRAIN AND HEARTH LTD is a private company, limited by shares, registered in England and Wales, registration number 13364973. The registered office is REAR STORE, 50-52 OXFORD STREET, WHITSTABLE, CT5 1DG, 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.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
GRAIN AND HEARTH LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
47,360
83,721
13,475
14,052
158,608
Additions
-
4,705
-
7,775
12,480
At 31 March 2024
47,360
88,426
13,475
21,827
171,088
At 1 April 2023
10,814
50,907
7,187
3,580
72,488
Charge for the year
3,079
17,685
2,695
4,365
27,824
At 31 March 2024
13,893
68,592
9,882
7,945
100,312
At 31 March 2024
33,467
19,834
3,593
13,882
70,776
At 31 March 2023
36,546
32,814
6,288
10,472
86,120
Amounts falling due within one year
GRAIN AND HEARTH LTD
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
25,580
45,981
Obligations under finance leases and hire purchase contracts
1,519
-
Trade creditors
22,167
13,435
Taxes and social security
31,037
14,823
Other creditors
38,675
12,994
Loans from directors
(76,607)
(326)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
3,643
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).