Company Registration No. NI678720 (Northern Ireland)
Grace Scott Art Ltd
Unaudited accounts
for the year ended 30 April 2024
Grace Scott Art Ltd
Unaudited accounts
Contents
Grace Scott Art Ltd
Company Information
for the year ended 30 April 2024
Company Number
NI678720 (Northern Ireland)
Registered Office
33 LOWER GRANGE ROAD
COOKSTOWN
CO TYRONE
BT80 8RZ
NORTHERN IRELAND
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
Grace Scott Art Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
20,828
18,295
Creditors: amounts falling due within one year
(73,183)
(63,513)
Net current liabilities
(31,636)
(18,912)
Net liabilities
(10,808)
(617)
Called up share capital
100
100
Profit and loss account
(10,908)
(717)
Shareholders' funds
(10,808)
(617)
For the year ending 30 April 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 7 January 2025 and were signed on its behalf by
Grace Scott
Director
Company Registration No. NI678720
Grace Scott Art Ltd
Notes to the Accounts
for the year ended 30 April 2024
Grace Scott Art Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI678720. The registered office is 33 LOWER GRANGE ROAD, COOKSTOWN, CO TYRONE, BT80 8RZ, NORTHERN IRELAND.
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 assets are included at cost
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
17,625
670
18,295
Additions
1,113
1,420
2,533
At 30 April 2024
18,738
2,090
20,828
At 30 April 2024
18,738
2,090
20,828
At 30 April 2023
17,625
670
18,295
Amounts falling due within one year
Grace Scott Art Ltd
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
73,183
63,489
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).