Company Registration No. 00308769 (England and Wales)
GRAMMER & COMPANY LIMITED
Unaudited accounts
for the year ended 30 November 2023
GRAMMER & COMPANY LIMITED
Unaudited accounts
Contents
GRAMMER & COMPANY LIMITED
Company Information
for the year ended 30 November 2023
Director
Christopher Endersby
Company Number
00308769 (England and Wales)
Registered Office
UNIT 1
SPECTRUM BUSINESS ESTATE
BIRCHOLT ROAD PARKWOOD
MAIDSTONE KENT
ME15 9YP
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
GRAMMER & COMPANY LIMITED
Statement of financial position
as at 30 November 2023
Intangible assets
2,952
3,690
Tangible assets
1,038,534
1,059,543
Cash at bank and in hand
71,778
11,817
Creditors: amounts falling due within one year
(297,705)
(337,198)
Net current liabilities
(132,758)
(237,402)
Total assets less current liabilities
908,728
825,831
Creditors: amounts falling due after more than one year
(455,494)
(429,918)
Net assets
453,234
395,913
Called up share capital
130,000
130,000
Revaluation reserve
321,679
269,016
Profit and loss account
1,555
(3,103)
Shareholders' funds
453,234
395,913
For the year ending 30 November 2023 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 his 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 20 November 2024 and were signed on its behalf by
Christopher Endersby
Director
Company Registration No. 00308769
GRAMMER & COMPANY LIMITED
Notes to the Accounts
for the year ended 30 November 2023
GRAMMER & COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00308769. The registered office is UNIT 1, SPECTRUM BUSINESS ESTATE, BIRCHOLT ROAD PARKWOOD, MAIDSTONE KENT, ME15 9YP.
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.
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.
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.
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:
Land & buildings
Not currently depreciated due to carry value in accounts
Plant & machinery
10% reducing balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
Factory fittings at 4% straight-line method, other fittings and equipment at 20% on the written dow
Computer equipment
3 years straight line method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
GRAMMER & COMPANY LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments in shares are included at fair value.
4
Intangible fixed assets
Goodwill
GRAMMER & COMPANY LIMITED
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At valuation
At cost
At cost
At 1 December 2022
793,125
670,803
-
1,463,928
Revaluations
135,000
-
-
135,000
Disposals
(133,053)
-
-
(133,053)
At 30 November 2023
795,072
670,803
4,019
1,469,894
At 1 December 2022
-
404,385
-
404,385
Charge for the year
-
25,970
1,005
26,975
At 30 November 2023
-
430,355
1,005
431,360
At 30 November 2023
795,072
240,448
3,014
1,038,534
At 30 November 2022
793,125
266,418
-
1,059,543
Carrying amount of land and buildings on cost basis
473,393
524,109
Carrying amount of plant & machinery on cost basis
670,803
670,803
Carrying amount of motor vehicles on cost basis
4,019
-
Land and Buildings were valued on an open market value on 14th June 2023 by Martine Waghorn Chartered Surveyors.
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
178,609
198,454
Amounts falling due within one year
Trade debtors
84,942
80,646
Accrued income and prepayments
5,227
4,333
GRAMMER & COMPANY LIMITED
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,531
5,514
Obligations under finance leases and hire purchase contracts
10,410
41,692
Trade creditors
126,130
124,752
Taxes and social security
85,386
78,783
Other creditors
11,700
12,228
Loans from directors
521
-
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,278
52,835
Other creditors
413,085
339,404
Aggregate of amounts that fall due for payment after five years
355,703
339,403
Allotted, called up and fully paid:
130,000 Ordinary shares of £1 each
130,000
130,000
10
Average number of employees
During the year the average number of employees was 7 (2022: 7).