1 May 2023 false No description of principal activity Taxfiler 2024.6 NI678720business:PrivateLimitedCompanyLtd2023-05-012024-04-30 NI6787202023-04-30 NI6787202023-05-012024-04-30 NI678720business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 NI678720business:FilletedAccounts2023-05-012024-04-30 NI6787202024-04-30 NI678720business:Director12023-05-012024-04-30 NI678720business:RegisteredOffice2023-05-012024-04-30 NI6787202023-04-30 NI678720core:WithinOneYear2024-04-30 NI678720core:WithinOneYear2023-04-30 NI678720core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 NI678720core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 NI678720core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 NI678720core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 NI678720core:PreviouslyStatedAmount2024-04-30 NI678720core:PreviouslyStatedAmount2023-04-30 NI678720business:SmallEntities2023-05-012024-04-30 NI678720countries:NorthernIreland2023-05-012024-04-30 NI678720core:PlantMachinery2023-04-30 NI678720core:ComputerEquipment2023-04-30 NI678720core:PlantMachinery2023-05-012024-04-30 NI678720core:ComputerEquipment2023-05-012024-04-30 NI678720core:PlantMachinery2024-04-30 NI678720core:ComputerEquipment2024-04-30 NI6787202022-05-012023-04-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
Grace Scott Art Ltd Company Information for the year ended 30 April 2024
Director
Grace Scott
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
- 3 -
Grace Scott Art Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,828 
18,295 
Current assets
Inventories
39,999 
40,000 
Debtors
1,548 
4,601 
41,547 
44,601 
Creditors: amounts falling due within one year
(73,183)
(63,513)
Net current liabilities
(31,636)
(18,912)
Net liabilities
(10,808)
(617)
Capital and reserves
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
- 4 -
Grace Scott Art Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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.
Tangible fixed assets
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 
Depreciation
At 30 April 2024
- 
- 
- 
Net book value
At 30 April 2024
18,738 
2,090 
20,828 
At 30 April 2023
17,625 
670 
18,295 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
851 
232 
Trade debtors
697 
4,369 
1,548 
4,601 
- 5 -
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 
£ 
£ 
Trade creditors
- 
24 
Loans from directors
73,183 
63,489 
73,183 
63,513 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -