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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
Page
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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
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GRAIN AND HEARTH LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
84,879 
94,310 
Tangible assets
70,776 
86,120 
155,655 
180,430 
Current assets
Inventories
5,000 
- 
Debtors
6,508 
6,221 
Cash at bank and in hand
7,233 
1,477 
18,741 
7,698 
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)
Net assets
82,830 
38,476 
Capital and reserves
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
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GRAIN AND HEARTH LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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.
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GRAIN AND HEARTH LTD Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
94,310 
At 31 March 2024
94,310 
Amortisation
At 1 April 2023
- 
Charge for the year
9,431 
At 31 March 2024
9,431 
Net book value
At 31 March 2024
84,879 
At 31 March 2023
94,310 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,793 
3,830 
Trade debtors
2,715 
2,391 
6,508 
6,221 
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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)
42,371 
86,907 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
49,195 
59,102 
Obligations under finance leases and hire purchase contracts
- 
3,643 
49,195 
62,745 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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