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Company Registration No. 06786150 (England and Wales)
HIS GRACE CONNOISSEUR LIMITED Unaudited accounts for the year ended 31 January 2024
HIS GRACE CONNOISSEUR LIMITED Unaudited accounts Contents
Page
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HIS GRACE CONNOISSEUR LIMITED Company Information for the year ended 31 January 2024
Director
Oluwakemi A Ajala
Secretary
Okikiolu A Opadokun
Company Number
06786150 (England and Wales)
Registered Office
Unit 1, Walsham Enterprises Globe Industrial Estate Grays Essex RM17 6ST
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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HIS GRACE CONNOISSEUR LIMITED Accountants' report
Accountants' report to the director of HIS GRACE CONNOISSEUR LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HIS GRACE CONNOISSEUR LIMITED for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of HIS GRACE CONNOISSEUR LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of HIS GRACE CONNOISSEUR LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HIS GRACE CONNOISSEUR LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that HIS GRACE CONNOISSEUR LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of HIS GRACE CONNOISSEUR LIMITED. You consider that HIS GRACE CONNOISSEUR LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of HIS GRACE CONNOISSEUR LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 30 October 2024
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HIS GRACE CONNOISSEUR LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
4,935 
3,894 
Debtors
34,371 
26,285 
Cash at bank and in hand
214 
153 
39,520 
30,332 
Creditors: amounts falling due within one year
(975)
(780)
Net current assets
38,545 
29,552 
Total assets less current liabilities
38,545 
29,552 
Creditors: amounts falling due after more than one year
(56,973)
(58,546)
Net liabilities
(18,428)
(28,994)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(18,528)
(29,094)
Shareholders' funds
(18,428)
(28,994)
For the year ending 31 January 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 director acknowledges her 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 and authorised for issue on 30 October 2024 and were signed on its behalf by
Oluwakemi A Ajala Director Company Registration No. 06786150
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HIS GRACE CONNOISSEUR LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
HIS GRACE CONNOISSEUR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06786150. The registered office is Unit 1, Walsham Enterprises, Globe Industrial Estate, Grays, Essex, RM17 6ST.
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.
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:
Motor vehicles
20
Fixtures & fittings
10
Computer equipment
25
Other tangible fixed assets
10
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.
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
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HIS GRACE CONNOISSEUR LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
2,500 
370 
960 
3,830 
At 31 January 2024
2,500 
370 
960 
3,830 
Depreciation
At 1 February 2023
2,500 
370 
960 
3,830 
At 31 January 2024
2,500 
370 
960 
3,830 
Net book value
At 31 January 2024
- 
- 
- 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,062 
26,199 
Other debtors
3,309 
86 
34,371 
26,285 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
41 
41 
Other creditors
442 
247 
Accruals
492 
492 
975 
780 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
56,973 
56,973 
Other creditors
- 
1,573 
56,973 
58,546 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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